America Inc braces for an earnings bloodbath

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Coca-Cola's operating income fell by 34% year on year. LinkedIn said it will lay off nearly 1,000 workers

bled cash at a rate of $40m a day from April to June. That is the good news. Delta, a rival, clocked $43m a day. It was, United said, “the most difficult financial quarter in its 94-year history”, as lockdowns and travel restrictions led to an 87% fall in revenues. The travel industry has been eviscerated by covid-19. But it is not alone.

As America Inc begins to report its latest quarterly earnings—the first to capture the full extent of the economic coma induced to combat covid-19—companies across all sectors are disclosing hits to the bottom line. On July 21st Coca-Cola said its operating income fell by 34% year on year, as fewer restaurants bought its soft drinks and snacks. Not even big tech was spared.

 

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How many of these asshats still want Trump?

Profit goes up and down...that is how it is. Can’t expect profit to grow indefinitely. Besides, it’s only money...why stress over it?

It’s going to continue to plumouth if FDICgov Consistanlty allow cashapp square to allow criminals to steal our unemploymentbenefits StimulusChecks stolencashapp stolenstimuluschecks business this is horrendous to say the least.

Some of us will bounce back, but a some of companies in the area have taken advantage and cut jobs that will not come back.

They all need Xspa ... Xprescheck ✔️ can help restore travel sector

Cause no one can afford luxuries fuck we are making our own Lemonade and iced tea. It is healthier anyway

Y cuando ganan Billones se callan la jeta.

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