Costco's fiscal Q2 profit higher, coronavirus worry spurs sales uptick

·

·

Costco's fiscal Q2 profit higher, coronavirus worry spurs sales uptick

Shares of Costco Wholesale Corp. COST, -1.55% rose nearly 2% in the extended session Thursday after the retailer reported quarterly profit above Wall Street expectations and said its sales benefited from “an uptick in consumer demand” late in the reporting …
See Original Article

The maker of Jack Daniel's and Woodford Reserve is feeling the effects of coronavirus

One of Kentucky’s premier public companies is starting to exhibit symptoms of the novel coronavirus. On Wednesday, spiritsmaker Brown-Forman said it was revising its earnings forecast for the year, citing an “increasingly uncertain global economic and …
See Original Article

VP Pence To Meet With Airline Execs On Gathering Data To Fight Coronavirus

Vice President Mike Pence is meeting with airline CEOs and an airline industry trade group on Wednesday (March 5) over Coronavirus concerns and data collection, according to a report by CNBC. The virus has adversely affected the airline industry, with its …
See Original Article

Fed Survey Finds Coronavirus Impacting Parts of US Economy

WASHINGTON — The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to impact tourism and disrupt manufacturing chains in parts of the United States. The survey compiled by the Fed’s 12 …
See Original Article

GM's new electric car battery tops Tesla's

(CNN) In a major challenge to electric car leader Tesla, General Motors announced it has created a new electric vehicle battery that offers up to 400 miles of range and will be cheaper to produce than today’s batteries. The new battery cells will hold enough …
See Original Article



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.