Investors will hold U.S. companies accountable to diversify and be representative of the country at large.
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U.S. pressure could accelerate growth for markets in Greater China
While U.S. authorities put pressure on Chinese assets, investors remain intent on chasing opportunities in the world’s second-largest economy.
Starbucks says it lost $3 billion in revenue in latest quarter due to coronavirus pandemic
Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the pandemic.
Macy’s stock rally collapses, shares tumble after company warns ‚gradual‘ recovery ahead
During a virtual fireside chat with Cowen & Co. analyst Oliver Chen, Macy’s Chief Financial Officer Felicia Williams said the company does not expect sales trends to normalize until 2021 or possibly 2022.
Tiffany says same-store sales fell 44%, LVMH deal clearing regulatory hurdles
The U.S. jewelry maker said Tuesday in an earnings release that its same-store sales were down about 44% in the fiscal first quarter, but said demand has picked up again in China.
Stitch Fix sales fell 9% as coronavirus delayed orders, sees sales growth ahead as backlog clears
Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss.
Slack shares close down more than 14% after earnings show far slower growth than Zoom
Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.
ForexLive European FX news wrap: Dollar firms on post-Fed hangover
Forex news from the European trading session – 11 June 2020
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; E-minis down 2.1%
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; E-minis down 2.1%
EU regulators propose to restart travel with the rest of the world in July
Regulators urge a partial reopening of external borders starting 1 July
– Urges a single list of eligible visitors from non-EU countries
– Says the list should be drawn up over the next two weeks
For bank trade ideas, check out eFX Plus
– Urges a single list of eligible visitors from non-EU countries
– Says the list should be drawn up over the next two weeks
For bank trade ideas, check out eFX Plus
GBP/JPY continues move lower this week but runs into cluster of key support levels
GBP/JPY approaches some key technical levels in the downside run this week
For bank trade ideas, check out eFX Plus
The pair is down for its fourth consecutive day as the yen remains the best performing major currency in trading this week. The pair managed to break above its 200-day MA (blue line) towards the end of
For bank trade ideas, check out eFX Plus
The pair is down for its fourth consecutive day as the yen remains the best performing major currency in trading this week. The pair managed to break above its 200-day MA (blue line) towards the end of