Hewlett Packard Enterprise Co. announced sales drops and reported job and management salaries cuts, saying the coronavirus pandemic has broken the supply chain of data-center hardware. Incomes fell 16 percent to $6 billion due to the COVID-19 proliferation. Revenue fell 16% to $6 billion for the first quarter, a California company in San Jose said in a statement Thursday. Analysts had expected an average of $6.19 billion, as per information collected by Bloomberg. Profit, excluding some sectors, was 22 cents per share, as opposed to an...
The Japanese National CPI for April decreased by 0.2% monthly and increased by 0.1% annualized. Forex traders can compare this to the Japanese National CPI for March, which was reported flat at 0.0% monthly, and which increased by 0.4% annualized. The Japanese National Core CPI for February decreased by 0.2% annualized. Economists predicted a decrease of 0.1%. Forex traders can compare this to the Japanese National Core CPI for March, which increased by 0.4% annualized. The Bank of Japan decided to keep interest rates at -0.10%. Forex...
Disney shares (DIS) are held above the 50-day moving average. But the stock fell 2% on Tuesday after one of the executives announced late Monday that he was leaving the media giant. Kevin Mayer, who heads Disney's direct consumer division, which also includes Disney+, will become CEO of TikTok, a social media platform owned by China's Bytedance. Meyer helped conclude deals such as 20th Century Fox's acquisition of entertainment assets by Disney. He was expected to be appointed CEO of Disney when Bob Iger resigned. ...
The Preliminary French Markit Manufacturing PMI for May was reported at 40.3. Economists predicted a figure of 36.1. Forex traders can compare this to the French Markit Manufacturing PMI for April, which was reported at 31.5. The Preliminary French Markit Services PMI for May was reported at 29.4. Economists predicted a figure of 27.8. Forex traders can compare this to the French Markit Services PMI for April, which was reported at 10.2. The Preliminary French Markit Composite PMI for May was reported at 30.5. Economists predicted a figure...
Verizon shares often attract investors. However, if 5G wireless services resume revenue growth, VZ shares may have a much greater appeal. As a component of Dow, Verizon shares pay a dividend of 4.6%. During the pandemic, Verizon shares outperformed AT&T shares. Verizon has less debt than AT&T, which was also affected by the loss of DirecTV subscribers. Verizon lowered its revenue forecast for 2020 on April 24 and withdrew its revenue forecast as Coronavirus impacted its wireless and media business. Earlier, Verizon postponed its...