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As the U.S. continues to feel pressure from the coronavirus, many investors expect companies to tank their earnings. Yahoo Finance’s Dan Howley joins The Final Round panel to break down what to expect from Microsoft’s upcoming Q4 earnings report. ...
Stocks rose Monday as investors looked ahead to a packed week of earnings, stimulus talks and congressional testimony from Covid-19 vaccine developers. The Nasdaq logged a record close after rising 1% as shares of Amazon jumped 5% after Goldman Sachs raised its price target on the e-commerce stock to $3800 from $3000.
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The number of coronavirus cases continues to climb and grow, worrying local governments and medical professionals. Dr. Howard Forman, Yale School of Public Health Professor, joins The Final Round to offer his insights into the vaccine race, what can be done to reopen more safely, and the latest information about the coronavirus....
(Bloomberg) -- International Business Machines Corp. beat analysts’ estimates for revenue in the second quarter, with cloud sales helping offset coronavirus-fueled declines in its consulting services business. The shares gained in late trading.The Armonk, New York-based company reported total cloud revenue increased 30% to $6.3 billion in the second quarter. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. Overall, sales fell 5.4% to $18.1 billion, beating the $17.62 billion analysts had expected, according to data compiled by Bloomberg.Covid-19 has hit IBM’s services business hard since many of its clients have delayed purchases of information technology or software upgrades to focus on short-term stability and cash preservation to survive the pandemic. Other software makers have reported a similar dip in sales. But Chief Executive Officer Arvind Krishna said clients are seeing value in IBM’s...
