Koninklijke Philips NV said Monday that net profit for the second quarter fell, but exceeded expectations, and that it continues to expect to return to sales growth and improved profitability in the second half of the year.
Barstool Sports founder and mouthy trader Dave Portnoy got plenty of heat last month for calling Warren Buffett an “idiot” after the Berkshire boss, in an untimely misfire, unloaded his airline stocks and missed out on a big rebound in the beaten-down sector. According to Shane Parrish of the popular Farnam Street blog, that’s all part of the plan:
A federal dashboard that provides information to the public about COVID-19 data that is provided by hospitals has not been updated since a rapidly implemented rule for how hospitals report that kind of data was put into place.
Charmin toilet paper-maker Procter & Gamble Co. has joined other consumer-product conglomerates with its own updated climate-change campaign, agreeing with rivals that the next decade is a critical time for action, but drawing fresh concern from natural-resource groups.
Freakish Siberian heat and a record string of high-temperature days during the already typically soupy Washington, D.C., summer are just two of a handful of weather phenomena adding to the public-health stress of COVID-19.