Kraft Heinz delivered better-than-expected results for the first quarter. The company benefited from pantry loading amid the COVID-19 pandemic.
On April 24, Facebook launched a new group video chat service, which will be available on the core social platform and its Messenger app.
On Wednesday, L Brands received notice from Sycamore Partners that it plans to terminate the deal to buy Victoria's Secret.
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.
Slack Technologies (NYSE:WORK) stock rose over 10% on Wednesday and closed at $28.03. However, the broader indexes fell on Wednesday.
Levi Strauss (NYSE:LEVI) stock hasn't been spared amid the coronavirus. The pandemic has caused mayhem in broader equity markets.
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.
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 has fallen during the trading session today. The company announced that it will withdraw its guidance, halt its dividend, and cut expenses.