FILE - In this July 20, 2019, photo a Coca-Cola billboard is shown over left field at SunTrust Park during a baseball game between the Washington Nationals and Atlanta Braves in Atlanta. Coca-Cola hits its low point in the second quarter of 2020, with revenue plunging 28%, but says sales are improving as lockdowns ease globally. (AP Photo/John Bazemore, File)
July 21, 2020 - 8:22 am
Coca-Cola's revenue plunged 28% in the second quarter, though sales had begun to improve last month as lockdowns eased globally. The pandemic has since gained momentum in parts of the U.S., India and elsewhere in the developing world. Surging infections across the U.S. Sunbelt have forced...
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A currency trader wearing a face mask watches computer monitors near the screens showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, July 17, 2020. Asian stock markets rebounded Friday after Wall Street closed lower amid uncertainty about the U.S. economic outlook. (AP Photo/Lee Jin-man)
July 17, 2020 - 4:33 pm
NEW YORK (AP) — Wall Street ticked higher Friday to close out its third straight winning week, one punctuated by hopes that the economy can continue to steady itself despite the pandemic. The S&P 500 rose 9.16 points, or 0.3%, to 3,224.73 after yet another day of wobbly trading. The Dow Jones...
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FILE - In this Monday, Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Consumer banking giant Bank of America saw its profits drop by more than half in the second quarter, the bank reported Thursday, July 16, 2020, as the bank set aside billions of dollars to cover potentially bad loans caused by the pandemic. (AP Photo/Steven Senne, File)
AP News
July 16, 2020 - 2:39 pm
NEW YORK (AP) — Bank of America's second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic. Earnings from the nation's biggest banks are painting a picture of American families and...
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FILE - This Sept. 13, 2016, file photo, shows Johnson & Johnson Band-Aid brand bandages in Surfside, Fla. Higher prescription drug sales and lower costs for litigation drove up Johnson & Johnson's fourth-quarter profit by 32%. The world's biggest maker of health care products on Wednesday, July 15, 2020, reported net income rose nearly $1 billion, to $4.01 billion, or $1.50 per share. (AP Photo/Wilfredo Lee, File)
July 16, 2020 - 11:08 am
Johnson & Johnson had a surprisingly strong second quarter and bumped up its 2020 forecast even after COVID-19 contributed to a 40% drop in U.S. medical device sales. Growing pharmaceutical sales, also in the U.S., helped the world’s biggest health products maker counter damage from the...
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FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
July 15, 2020 - 11:00 am
The nation’s largest health insurer more than doubled its second-quarter profit, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables. UnitedHealth’s medical costs tumbled 11% to $34.68 billion with demand for care suppressed from the middle of March until it started...
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FILE - In this April 21, 2020, file photo, a lone person works at the Delta airlines check-in desk at McCarran International airport in Las Vegas. Delta Air Lines says it lost $5.7 billion in the second quarter, as the coronavirus pandemic caused air travel to collapse. The company reported financial results on Tuesday, July 14. A hoped-for travel recovery that began slowly in mid-April has been delayed by a resurgence in infections, especially in the South and West. (AP Photo/John Locher, File)
July 14, 2020 - 12:38 pm
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans. “Growth has stalled,” Delta CEO Ed Bastian said. “It was growing at a...
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AP News
July 14, 2020 - 8:35 am
Silver Spring, Md. (AP) — Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008. Wells said it set aside an additional $8.4 billion for loan loss provisions — the money set aside to cover potentially bad loans — more than...
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July 14, 2020 - 7:34 am
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the...
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A man wearing a face mask to protect against the new coronavirus talks on his smartphone as he walks past a Huawei store in Beijing, Wednesday, July 1, 2020. China on Wednesday demanded Washington stop "oppressing Chinese companies" after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. (AP Photo/Mark Schiefelbein)
July 14, 2020 - 5:06 am
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic. Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401...
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FILE - In this March 26, 2020 file photo, a woman leaves a Walgreens pharmacy that is enforcing social distancing rules by allowing only a certain numbers of people in as customers line up on the sidewalk outside the store in New York. The coronavirus pandemic pushed the drugstore chain to a $1.7-billion loss in its fiscal third quarter, as customers stayed home to avoid the virus or consolidated their shopping to grocery stores. The international drugstore chain said Thursday, July 9 the rapidly spreading virus took a bite of between $700 million and $750 million out of sales in the quarter. (AP Photo/Kathy Willens, File)
July 09, 2020 - 11:19 am
The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores. The drugstore chain said Thursday that the rapidly spreading virus took a bite of between $700 million and $750...
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