Coronavirus hits profits at corporate America
Image copyright Getty Images
Some of America’s biggest companies are offering investors a peek into how they are faring amid coronavirus shutdowns – and for many, the picture isn’t pretty.
US carmaker Ford lost $2bn (£1.6bn) in the first three months of the year, as sales dropped 15%.
Starbucks saw sales fall 10% – and 50% in China, where lockdown measures in place for most of the quarter.
Pro…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.