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U.S. President Donald Trump signed two executive orders on Thursday giving American citizens and businesses 45 days to sever any relations with popular Chinese social media and video-sharing platform TikTok, owned by ByteDance and messaging app WeChat, a unit of gaming and internet conglomerate Tencent Holdings. Trump administration officials have urged the president to delist

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ViacomCBS Inc beat Wall Street’s expectations for quarterly revenue and profit on Thursday as coronavirus shut-ins of millions of American households boosted demand for streaming, sending shares up 7% before the bell. Although it logged a 12% drop in revenue, dragged down by a steep decline in advertising, the fall was less than expected and

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Walt Disney Co. suffered a major decline in earnings in its third fiscal quarter, illustrating the severe damage dealt with the world’s most powerful entertainment company by the COVID-19 pandemic, which has kept Disneyland closed, cratered global tourism and delayed movie releases for months. Disney’s parks, experiences and products segment showed the most pronounced impact

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Apple on Thursday announced in its fiscal third-quarter earnings that the Board of Directors has approved a four-for-one stock split. Apple announced a stock split on Thursday and it may not bode well for future gains in the Dow Jones Industrial Average. Apple reported a historically strong quarter of fiscal 2020 ended June 27, 2020,

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Exxon Mobil Corp reported a $1.1 billion loss for the second quarter on Friday, the first back-to-back quarterly loss for the U.S. oil giant in at least 36 years. Exxon stood out among its supermajor peers for not taking a large write-down on the value of its assets as the industry outlook darkens on the

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MasterCard Inc. shares are up 1.5% in premarket trading on Thursday after the payments giant delivered better-than-expected results for its second quarter even as revenue and earnings declined due to weaker consumer spending during the pandemic. MasterCard shares are up 3% from the beginning of the year but are still down 10.9% from their 52-week