Financial performance

FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo/Carlos Osorio, File)
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May 05, 2020 - 8:12 am
MILAN (AP) — Fiat Chrysler Automobiles on Tuesday reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales during the coronavirus pandemic. The Italian-American carmaker has withdrawn full-year earnings forecasts due to the volatility of the...
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Amid concerns of the spread of COVID-19, few shoppers are seen at the Galleria Dallas mall in Dallas, Monday, May 4, 2020. (AP Photo/LM Otero)
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May 04, 2020 - 6:19 pm
NEW YORK (AP) — Many Americans are getting their first taste of what pandemic shopping looks like at their local mall. Simon Property Group, the nation’s largest mall operator, reopened several dozen shopping centers across Texas, Georgia and roughly ten other states between Friday and Monday...
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A man wearing a mask walks by a window display at a J Crew store in Rockefeller Center, Saturday, May 2, 2020, in New York. On April 30, the company announced it would apply for bankruptcy protection amidst the COVID-19 pandemic. (AP Photo/Mark Lennihan)
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May 04, 2020 - 2:15 pm
NEW YORK (AP) — Struggling fashion brand J.Crew has filed for bankruptcy protection, the first major retailer to do so since the coronavirus pandemic forced most stores across the United States to close their doors. More retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
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May 02, 2020 - 9:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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Taxi driver Mor Gob, wearing a mask to protect against coronavirus, delivers boxes with prepared meals to people in need in the Bronx borough of New York, Thursday, April 30, 2020. More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. (AP Photo/Mary Altaffer)
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April 30, 2020 - 8:27 pm
NEW YORK (AP) — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe’s economies have gone into an epic slide. And as bad as the numbers are,...
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A woman sits with his soon in a boulevard in Barcelona, Spain, Thursday, April 30, 2020, as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti)
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April 30, 2020 - 7:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ EARNINGS RESULTS: The busiest week of the earnings season...
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A person wearing a mask jogs past an Amazon Go store, Thursday, April 30, 2020, in downtown Seattle. Amazon.com is expected to announce earnings for the first quarter of 2020 at the close of markets Thursday, a report that is expected to be closely watched due to the effects of the coronavirus outbreak on the company. (AP Photo/Ted S. Warren)
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April 30, 2020 - 7:13 pm
NEW YORK (AP) — Amazon’s sales soared in the first three months of the year, as more home-bound people shopped online amid the coronavirus pandemic. But getting millions of packages to shopper’s doorsteps is expensive. The rising costs pushed Amazon’s first-quarter profit down 29% and its earnings...
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FILE - This Aug. 11, 2019, file photo shows a Visa logo on a credit card in New Orleans. Visa said Thursday, April 30, 2020, that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. (AP Photo/Jenny Kane, File)
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April 30, 2020 - 6:14 pm
Visa said Thursday that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. The San Francisco-based company reported net income of $3.08 billion, or $1.38 per share, in the three months ended March...
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FILE - In this April 20, 2020 file photo, a new sign lets drive-thru customers know that the available menu at a local McDonalds is no longer complete due to the ongoing coronavirus restrictions in Phoenix. Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first-quarter sales. McDonald’s said Thursday, April 30, its sales fell 6% to $4.71 billion in the January-March period. (AP Photo/Ross D. Franklin, File)
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April 30, 2020 - 10:32 am
McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been slow to return as lockdown orders continue to disrupt consumers' routines. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March...
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FILE - In this March 31, 2020 file photo, American Airlines planes stored at Pittsburgh International Airport sit idle on a closed taxiway in Imperial, Pa. American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. (AP Photo/Gene J. Puskar, File)
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April 30, 2020 - 9:40 am
DALLAS (AP) — American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. The situation facing the airline industry has...
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