Boeing (BA) Q2 2020 earnings

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Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington.

David Ryder | Getty Images

Boeing posted a $2.4 billion loss for the second quarter and said it plans to slow production of its main commercial aircraft as the coronavirus pandemic hurts demand for new planes and its best-selling 737 Max jets remain grounded.

Revenue fell 25% from the year-ago quarter to $11.8 billion below analysts estimates.

The pandemic has driven up financial losses at Boeing’s airline customers and hurt demand for new planes, though

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General Motors (GM) earnings Q2 2020

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General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks.

GM

General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories and devastated sales.

The second quarter is expected to be “likely to be the toughest in modern history” for the automotive industry, according to Bank of America Merrill Lynch analyst John Murphy, noting that companies “grappled with close to a zero revenue environment for a

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General Electric (GE) earnings Q2 2020

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Larry Culp, CEO, General Electric

Scott Mlyn | CNBC

General Electric reported on Wednesday a revenue figure for the second quarter that slightly beat analyst expectations, sending the stock higher. However, the industrial giant’s bottom line took a bigger-than-expected hit as the company weathers the coronavirus pandemic. 

Here’s how the company’s results compared to analyst expectations:

  • Revenue:  $17.7 billion vs $17.12 billion forecast
  • Loss per share: 15 cents per share vs a loss of 10 cents per share expected by Refinitiv

GE’s stronger-than-forecast revenues were mainly driven by sales in the company’s power and renewable energy divisions. Revenues from power

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Best Buy joins Walmart, Target in closing Thanksgiving Day

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Customers shop for electronics items during ‘Black Friday’ at a Best Buy store.

Sandy Huffaker | Getty Images

Shoppers who want to snag a deal on a giant TV or laptop after their Thanksgiving meal will have one fewer store to visit this year. Best Buy said Tuesday that it will close on the holiday.

The company, known for its extensive assortment of TVs, tech and home appliances, has joined a growing list of retailers that will not be open this Thanksgiving Day. Target and Dick’s Sporting Goods said Monday that they will close for turkey day. Walmart announced the

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