Dow futures point to another sharp decline at Tuesday's open as longer-term U.S. oil futures start to plunge.
earned $6.08 per share for its latest quarter, beating the consensus estimate of $5.80 a share. Revenue also came in above analysts' projections. The company said it is just beginning to experience the impact of Covid-19 in its various businesses and that the ultimate impact on 2020 results is unknown.
General Electric refinanced a $20 billion revolving credit facility with a new revolving agreement with $15 billion, according to an SEC filing. Hertz Global will lay off 10,000 employees across North America, seeking to cut costs as it deals with the economic fallout of the outbreak. The layoffs will cost the car rental company about $30 million, according to an SEC filing.
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European markets set for higher open despite coronavirus and sharp drop in oil pricesEuropean stocks are poised for a positive open Monday as global coronavirus developments remain in focus, along with a sharp fall in U.S. oil prices.
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Dow set to stumble a second day after historic plunge in oil pricesU.S. stock-index futures early Tuesday point to a second day of losses for the major benchmarks after a historic fall for oil, as investors brace for a fresh slate of earnings and weigh the impact of overnight developments.
Leer más »