Goldman said it generated $2.42 billion in profit, or $6.26 a share, crushing the $3.78 a share estimate of analysts surveyed by Refinitiv. It was the New York-based bank’s biggest earnings outperformance in nearly a decade. Revenue of $13.3 billion was more than $3.5 billion higher than the estimate, fueled by strong results in its trading and investment …
(Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.That’s how much was promised to executives only weeks or in some cases days before bankruptcy, according to a Bloomberg analysis of regulatory filings. Of the 100 or so …
Continue reading "Executives at Bankrupt Companies Scored $131 Million in Bonuses"
https://www.weforum.org/agenda/2017/01/worlds-biggest-corporate-giants/ 7. Facebook HQ: US Age of company: 13 years No of employees: 15,724 Facebook was founded in 2004 after a college experiment. In September 2016 it had 1.79 billion daily active users, approximately 85% of whom were outside the US and Canada. 6. Amazon HQ: US Age of company: 22 years No of employees: …
Continue reading "These are the world’s 10 biggest corporate giants"
Analysts are bullish on some of these counters despite the Covid-19-induced uncertainties. Source: Stocks to buy: Covid-proof stocks! 12 posted 50% profit growth in Q4, 20 turned around business - The Economic Times
Since the start of the pandemic, collective U.S. billionaire wealth has surged by more than $584 billion, while $6.5 trillion in household wealth has disappeared. That's according to an Institute for Policy Studies and Americans for Tax Fairness analysis published on Friday which stated that the U.S. billionaire class saw its wealth climb 20% between …
Continue reading "U.S. Billionaire Wealth Surged Since The Start Of The Pandemic – Forbes"
A Financial Times' list of businesses that performed well during the COVID-19 pandemic suggests, in terms of equity value-added, several big and established companies prospered despite the tough conditions, in turn, adding to the wealth of their owners. But how do these large corporations maintain dominant positions while small and medium enterprises struggle to stay …
Continue reading "The rich are getting richer during COVID-19"
Politicians, when they are running for office, claim they love and support small businesses — but many of them lie. Over the last three months, the political class has waged an intense war against those people who have risked their savings and countless time and effort to build viable small businesses — including personal and …
Continue reading "Politicians use COVID-19 war to destroy small businesses – Washington Times"
Ericson Report 