The Bank of America (NYSE: BAC) stock fell after a disappointing first-quarter earnings report released on April 15 on Wall Street. But despite the decline - which was partly due to the huge amount of new provisions for losses - there were many bright spots this quarter. Over time, the Bank of America expanded its business and began to bring profit to investors. So isn't it time to buy up? The Bank of America, like many large banks, has several ways to generate income: a consumer bank, an investment bank, commercial loans, financial...
The New Zealand Business Manufacturing PMI for April was reported at 38.0. Forex traders can compare this to the New Zealand Business Manufacturing PMI for March, which was reported at 53.2. Chinese Retail Sales for April decreased by 7.5% annualized. Economists predicted a decrease of 7.0% annualized. Forex traders can compare this to Chinese Retail Sales for March, which decreased by 15.8% annualized. Chinese Industrial Production for April increased by 3.9% annualized. Economists predicted an increase of 1.5% annualized. Forex traders can...
Boeing shares (NYSE: BA) have been hit hard by the pandemic, which has reduced the value of blue-chip by 60% year-on-year to date. The pandemic has reduced demand for air services and forced airlines to cut costs. Carriers are not using a large part of their fleet and have reduced revenue growth plans, which in turn leads to lower demand for Boeing aircraft. The company expected steady growth in new aircraft sales, and the pandemic has fundamentally changed the company's prospects for the next few years. In response, the company entered...
Australian Consumer Inflation Expectations for May increased by 3.4% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for April, which increased by 4.6% annualized. The Australian Employment Change for April was reported at -594.3K. Economists predicted a figure of -575.0K. Forex traders can compare this to the Australian Employment Change for March, which was reported at 5.9K. The Unemployment Rate for April was reported at 6.2%. Economists predicted a reading of 8.3%. Forex traders can compare this...
AT&T (NYSE: T) has been criticized in recent years for its acquisitions and related debt accumulation. Critics of a telecommunications company are entitled to make a mistake. High debt is a difficult situation for any company, especially now, due to the pandemic. AT&T has accumulated significant debt from expensive acquisitions unrelated to its core wireless business. In 2015, it spent $49 billion on DIRECTV and another $85 billion on Time Warner in 2018. The acquisition of Time Warner from AT&T left a net debt of $180.4 billion...
