UBS‘ Art Cashin believes the market may be far too complacent in believing that a highly effective vaccine is imminent.
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Ant Group gets final approvals for its massive dual IPO and reveals share structure
Ant Group will split its stock issuance equally across Shanghai and Hong Kong, issuing 1.67 billion shares in each location.
Coca-Cola earnings top estimates, despite 9% decline in revenue
Coca-Cola reported a 6% decline in organic sales for its third quarter.
Southwest Airlines posts biggest-ever loss as coronavirus slams demand
Despite its biggest loss ever, Southwest Airlines was able to cut its cash burn.
American Airlines reports $2.4 billion net loss in third quarter, cuts cash burn
American Airlines posted another quarterly loss as coronavirus hit summer travel demand.
Tesla shares jump 5% after reporting fifth consecutive quarter of profits
Elon Musk’s carmaker reported net income of $331 million on revenue of $8.77 billion in the third quarter.
Chipotle shares fall despite earnings beat, as robust delivery growth weighs on profits
Shares of Chipotle, which has a market value of $38 billion, have risen 62% so far this year.
ForexLive European FX news wrap: Dollar regains its footing
Forex news from the European trading session – 22 October 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities mixed; E-minis down 0.2%
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities mixed; E-minis down 0.2%
UK finance minister Sunak announces additional support for businesses
UK government raises job support aid, cuts employers‘ contributions
here
Only time will tell if this will be sufficient or if more fiscal aid will be needed.
here
Only time will tell if this will be sufficient or if more fiscal aid will be needed.
BOE’s Bailey: After the crisis, businesses will need equity investment on a scale not seen in normal times
Remarks by BOE governor, Andrew Bailey
There isn’t much else besides the headline comment for now, and it is likely he won’t be touching on policy at all in the panel discussion today as it pertains more towards sustainable finance and climate change.
There isn’t much else besides the headline comment for now, and it is likely he won’t be touching on policy at all in the panel discussion today as it pertains more towards sustainable finance and climate change.