Why Is Netflix’s Market Value Higher Than Disney’s?

Walt Disney Co. (NYSE: DIS) is reeling from the effects of the pandemic on its revenue. It posted a loss of $5 billion for the most recent quarter. The most damage was done to its theme parks. COVID-19 has hit Disney so hard that its market cap has dropped to $212 billion. Much smaller Netflix Inc. (NASDAQ: NFLX) has a […]

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Why Shopify’s Q2 Is So Impressive

Shopify Inc. (NYSE: SHOP) reported its most recent quarterly results before the opening bell on Wednesday. The up-and-coming e-commerce company posted $1.05 in earnings per share (EPS) and $714.3 million in revenue, while consensus estimates had called for $0.01 in EPS and revenue of $513.83 million. The second quarter of last year reportedly had EPS of $0.10 on $361.98 million […]

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Why Covid-19 relief funds went to some members of Congress

New York (CNN Business)He may be a self-proclaimed “Christian Genius Billionaire,” but Kanye West is catching flak after his Yeezy apparel brand applied for government assistance to weather the coronavirus crisis. Yeezy received a loan worth at least $2 million through the Paycheck Protection Program, the $660 billion economic relief fund designed to help small businesses survive and avoid laying […]

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Why budget airlines could see big changes post pandemic

New York (CNN Business)Airline travel is bouncing back — but so are American coronavirus cases. That spike could put the aviation rebound in reverse. United Airlines (UAL) presented sobering facts to employees Monday that bookings are tumbling as Covid cases soar. Also hurting travel demand: regulations in New York, New Jersey and Connecticut that mandate travelers from the pandemic’s US […]

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Why Dominion Is Still a Stock to Buy After Its Unit Sale to Warren Buffett

Last Sunday, Dominion Energy Inc. (NYSE: D) made what can only be called a blockbuster announcement. First of all, the company sold its natural gas pipeline and storage business to the energy subsidiary of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) for $9.7 billion, including $5.7 billion in debt. Dominion also announced that it and its partner, Duke Energy Corp. […]

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Why GM Looks Better Off Than Ford or Fiat Chrysler

On November 18, 2010, General Motors Co. (NYSE: GM) exited bankruptcy and resumed trading on the New York Stock Exchange. Fiat Chrysler Automobiles N.V. (NYSE: FCAU), following a government-forced bankruptcy in 2009 that created the company, began trading in January 2014. Of the so-called Detroit Three, only Ford Motor Co. (NYSE: F) managed to escape bankruptcy during the financial crisis. […]

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Why investors buy gold during times of crisis

New York (CNN Business)Gold prices have soared this year, and some experts think they could eventually pass the all-time high north of $1,900 an ounce. Prices had dipped along with the rest of the market in March on coronavirus fears, but gold has since come roaring back. It’s currently trading around $1,750 — a nearly eight-year high. “If everything stays […]

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Why some companies can still IPO despite coronavirus

New York (CNN Business)The pullback in the stock market is a clear sign that investors are worried about Covid-19’s impact on the global economy. They are shunning risk by selling stocks and rushing into bonds and cash. Or are they? Strange as it may seem, several of last year’s 159 initial public offering — highly volatile stocks like Slack (WORK), […]

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Why it's too soon to know if remdesivir is effective

New York (CNN Business)Investors around the world are fired up by signs that an experimental drug made by Gilead Sciences is helping some coronavirus patients rapidly recover. Stat News, a medical news publication, set off a huge rally late Thursday when it reported that most severe patients at a Chicago hospital treated with Gilead’s remdesivir went home within days. Based […]

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