Monthly Archives: April 2020

Bank review, current USBR score and consumer report

Elon Musk calls COVID-19 lockdowns “fascist,” distracting from another Tesla earnings win

“To say that they cannot leave their house, and that they will be arrested if they do – this is fascist,” Tesla CEO Elon Musk ranted on Wednesday, attacking shelter-at-home orders aimed at curtailing the coronavirus pandemic. “Give people back their god damn freedom.” Musk’s comments, made during a call with investors, may resonate longer than the strong quarterly numbers…

3 ways COVID-19 impacted Microsoft’s latest earnings

Despite the coronavirus weakening the global economy, Microsoft managed to be relatively unscathed.  The technology giant said Wednesday that its overall revenue in its latest quarter jumped 15% year-over-year to $35 billion. Those results beat analyst expectations of $33.7 billion, fueling a 4.5% rise in the company’s shares during after-hours trading, to $177.43. But while Microsoft continued its string of solid…

Facebook shares soar 10% despite impact of coronavirus on ad sales

Facebook’s ad revenue slowed during the first quarter as marketers pulled back due to the coronavirus pandemic. But the results on Wednesday were good enough to please investors, who sent the company’s shares soaring 10% in after-hours trading to $214.33. They chose to focus on the positives rather than the likelihood that sales will be even worse in the current…

New York’s attorney general calls for cutting cable fees tied to live sports programming

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business. New York’s top law enforcement officer asked the biggest cable and satellite television providers to cut or eliminate fees tied to live sports programming during the coronavirus pandemic, saying customers are being forced to pay for access to events that aren’t…

Boneless chicken is first to go scarce as coronavirus hits U.S. meat supply

Goodbye, boneless chicken. Food retailers across North America are swapping boneless chicken legs for less popular thighs and drumsticks as a wave of shutdowns at meatpacking plants has reduced supplies of sought-after cuts. Covid-19 infections among workers at some of the largest meat processing plants in the U.S. and Canada have reduced slaughter capacity, and in some cases the types…

Alphabet’s shares jump 8% after the coronavirus impact is less than feared

Google’s multibillion-dollar ad machine is slowing as the coronavirus pandemic continues to take a financial toll. And the worst is yet to come. Alphabet, Google’s parent, reported $41.2 billion in revenue, up 13% from the same quarter last year and beating analysts’ expectations of $40.3 billion. While the news is better than expected, revenue is still slowing compared to the…

Key Uber executive steps down as company reportedly considers layoffs

Uber chief technology officer Thuan Pham is stepping down after seven years as an executive at the company. Uber has been hit hard by the coronavirus’s impact on the travel industry, as global transportation has ground to a virtual standstill. The company may also be mulling job cuts of as much as 20%, according to tech news site the Information,…

Scammers have registered 150,000 fake stimulus check websites. Here’s how to protect yourself

Eager to get your stimulus check? You aren’t the only one, apparently. According to Bolster, an online security firm, there has been a dramatic spike in the number of websites trying to steal data or provide misinformation to consumers. Bolster reports more than 150,000 suspicious stimulus check related domains. This comes amid a broader backdrop of heightened worry about coronavirus-related scams. Overall,…

Two CEOs offer a master class in crisis innovation during the coronavirus pandemic

This is the web version of raceAhead, Fortune’s daily newsletter on race, culture, and inclusive leadership. To get it delivered daily to your inbox, sign up here. Like it or not, we live in a time of crisis innovation. I wanted to take a moment to share two inspiring coronavirus-related business stories about CEOs who found a way to quickly retool their operations…

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

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