Kraft Heinz Posts Upbeat Q1 Sales Due to Pandemic-Led Demand
Kraft Heinz delivered better-than-expected results for the first quarter. The company benefited from pantry loading amid the COVID-19 pandemic.
Facebook’s Video Chat Feature: Better than Zoom and Houseparty?
On April 24, Facebook launched a new group video chat service, which will be available on the core social platform and its Messenger app.
Sycamore-Victoria’s Secret Deal in Jeopardy, L Brands Falls
On Wednesday, L Brands received notice from Sycamore Partners that it plans to terminate the deal to buy Victoria's Secret.
Jeff Bezos’s Efforts Boost Amazon Stock amid COVID-19
Amazon (NASDAQ:AMZN) stock seems to be on fire under CEO Jeff Bezos's leadership. The stock made back-to-back record highs for the last three days.
Should You Buy Slack Stock amid COVID-19?
Slack Technologies (NYSE:WORK) stock rose over 10% on Wednesday and closed at $28.03. However, the broader indexes fell on Wednesday.
How Levi Strauss Stock Can Survive COVID-19 Pressure
Levi Strauss (NYSE:LEVI) stock hasn't been spared amid the coronavirus. The pandemic has caused mayhem in broader equity markets.
Amazon Halts Its Shipping Services amid COVID-19
Amazon (NASDAQ:AMZN) plans to temporarily halt its "Amazon Shipping" delivery service in the US starting in June. The stock has gained 10.6% YTD.
McDonald’s Reports Q1 Comparable Sales, Withdraws 2020 Guidance
The COVID-19 outbreak had a significant impact on McDonald's (NYSE:MCD) SSSG. The company's global SSSG rose 7.2% in the first two months of 2020.
Gap Stock Falls, Withdraws Guidance and Halts Dividends
Gap stock has fallen during the trading session today. The company announced that it will withdraw its guidance, halt its dividend, and cut expenses.