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Caterpillar (NYSE:CAT) Is Focusing On Autonomous Driving Technology As Equipment Sales Slump Due To The Pandemic

Caterpillar Inc. (NYSE:CAT) is betting on the autonomous driving tech that can be included in existing machines in a bid to bridge the slump in truck and bulldozer sales during the pandemic. The use of autonomous technology will help the company mitigate the impact the COVID-19 pandemic has had in sales on its conventional workhorses. […]

JPMorgan Chase & Co. (NYSE:JPM) Mulling Installing ATMs In Post Offices

JPMorgan Chase & Co. (NYSE:JPM) has started preliminary talks with the U.S. Postal Service about installing ATMs in post office branches. The talks are still at preliminary stages, and no deal or commitments have been made. “We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like […]

AT&T Inc. (NYSE:T) To Improve Balance Sheet Position Through Debt Repayment

AT&T Inc. (NYSE:T) is seeking to ease its debt burden by repaying its upcoming debt maturities. The company recently issued notices to redeem three series of bonds, amounting to $1.2 billion to improve its liquidity position. AT&T wants to improve its capital structures as it navigates the global recession caused by the COVID-19 pandemic. As […]

Uber Eats Overtakes Ride-Sharing As Uber Technologies Inc (NYSE:UBER)’s Leading Source Of Revenue

Uber Eats has overtaken Uber ride-hailing service as Uber Technologies Inc (NYSE:UBER)’s leading source of revenue. According to the company’s 2Q 2020 results, Uber rides registered a whopping 75% drop in gross bookings compared to the same quarter last year. The ride-sharing unit reported $3 billion in revenue. On the other hand, Uber’s delivery unit […]

Pharmacy Services Back on the Radar (MDRX, WBA, RXMD, CVS)

The big step from here is an improvement and normalization in terms of our relationship with healthcare. But, because of what we have all endured through the pandemic process in recent months, and the months ahead, many changes that may have occurred in any course over coming years have suddenly happened all at once. One […]

Slack Technologies Inc (NYSE:WORK) Files Antitrust Complaint Against Microsoft Corporation (NASDAQ:MSFT)

Slack Technologies Inc (NYSE:WORK) filed a competition complaint against Microsoft Corporation (NASDAQ:MSFT) with the European Commission. The workplace-communication software maker said it launched legal proceedings against Microsoft over its Team software, its meeting software. There has been growing scrutiny of major tech companies, especially regarding their market share and influence. Team is Slack’s main competitor […]

AT&T Inc. (NYSE:T) Reports Drop In Profit Due To Growing Competition From Satellite TV And COVID-19 Effects

AT&T Inc. (NYSE:T) reported a drop in its profit for the second quarter, what the telecom and media giant attributes to effects of the COVID-19 and a market overcrowded by satellite-TV. The growing competition from satellite TVs has led the company to hold on from launching its video streaming services. According to the company’s Q2 […]

Ford Motor Co.’s (NYSE:F) YoY Q2 2020 Sales In China Rebound By 3% As COVID-19 Restrictions Ease

Ford Motor Co. (NYSE:F) car sales in China grew 3% in the June quarter compared to the same quarter a year ago due to strong demand following the easing of coronavirus pandemic restriction. Ford reports a 78.7% sequential growth in sales in China For the US automaker, this will be the first time in almost […]

Energy Transfer (NYSE:ET) Invokes Force Majeure To Prevent Customers From Abandoning Expansion Of Dakota Access Pipeline

Energy Transfer (NYSE:ET) invoked force majeure to prevent oil companies from abandoning the expected expansion of the disputed Dakota Access pipeline. Crude oil output dropped 33% in North Dakota. The US company is seeking almost double the size of the pipeline, but some oil firms that signed up indicated that it is not necessary anymore. […]

AT&T Inc. (NYSE:T) To Lay Off More Than 3,000 Jobs And Close 250 Stores

AT&T Inc. (NYSE:T) announced plans to cut more than 3,000 jobs and close 250 stores. Although the company is yet to confirm the exact number of jobs affected, around 3,400 jobs, clerical jobs, technician, and managerial and executive roles, will be affected. In addition to job cuts, the company will close 250 retail stores, among […]

Marry Barra Of General Motors Company (NYSE:GM) Expects To Run Plants At Full Capacity To Produce Popular Vehicles Soon To Realize Profits In China And Other Nations

CEO of General Motors Company (NYSE:GM) plans to operate all the plants to manufacture EV and derive handsome profits mainly in China because she expects a pickup in demand. She anticipates a recovery in demand for new vehicles despite ongoing coronavirus crisis. Low inventory Several auto plants are closed during coronavirus crisis for two months, […]

Novavax, Inc (NASDAQ:NVAX) Chooses Australia For Its COVID-19 Clinical Trials

The deadly COVID-19 pandemic continues to affect lives globally, with many people hardly affording to pay their house rent. It is frustrating that until no scientific cure to help handle the condition has been established yet. However, any good efforts mean a lot to frustrated people globally. There are reports about another candidate that is […]

The Coronavirus Coping Portfolio (QDEL, GILD, QBIO, CYDY)

The COVID-19 pandemic has forced a dramatic realignment of social, cultural, and economic agendas because, in all cases, the healthcare issue has priority. It’s not a genuine public debate – if you don’t solve the healthcare crisis, you can’t solve any of the other crises that have been boiling over in the public discourse. That […]

Ford Motor Co. (NYSE:F) And General Motors Co. (NYSE:GM) Report Sales Growth In China Through Ventures

It seems the largest auto market in the world is starting to recovers from the effects of the COVID-19 pandemic after Ford Motor Company’s (NYSE:F) two joint ventures reported growth in YoY sales in April. Ford Sales growth in China through a joint venture Chongqing Changan Automobile Ltd, which is the company’s main joint venture, […]

Ford Motor (NYSE:F) Compelled To Delay The Unveiling Of Its Autonomous Vehicle Service

Ford Motor (NYSE:F) won’t unveil its autonomous vehicle service as had been planned earlier on. Reports indicate that the business guru will postpone the launch until 2022. It is for the same reason that has paralyzed many operations in other businesses, the COVID-19 pandemic. The deadly virus was for the first time reported in China, […]

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