Stocks fell slightly on Tuesday as traders pored over the latest batch of corporate earnings results and the GOP coronavirus relief plan.
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McDonald’s revenue falls 30% despite progress at U.S. restaurants
McDonald’s global same-store sales improved sequentially during the quarter.
Pfizer shares rise after better-than-expected earnings and higher 2020 outlook
Pfizer reported better-than-expected second-quarter earnings and raised its outlook for 2020, despite a 32% drop in profit as demand fell for some of its drugs during the coronavirus pandemic.
JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarter
JetBlue Airways swung to a second-quarter loss after revenue plunged more than 90% because of the coronavirus.
Five things investors are watching as GM and Ford report coronavirus-ravaged earnings
The coronavirus pandemic brought the U.S. automotive industry to a standstill. Investors will see just how bad the damage is when all three Detroit carmakers report earnings this week.
3M profit misses as coronavirus crisis hammers sales
Industrial conglomerate 3M reported a 12% drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.
ForexLive European FX news wrap: Markets cautious, gold encounters pullback
Forex news from the European trading session – 28 July 2020
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
US‘ Fauci: Cautiously optimistic that vaccine will be available by late fall
Fauci says that he has not misled the public under any circumstances
This comes after Trump retweeted posts yesterday calling Fauci a fraud and that he has misled the public on the whole virus situation.
This comes after Trump retweeted posts yesterday calling Fauci a fraud and that he has misled the public on the whole virus situation.
UK PM Johnson: Seeing signs of second virus wave in some other European countries
Johnson throwing some coronavirus shade at other European nations
– We had to take swift, decisive action on Spain quarantine decision
– We will continue to take action where it is necessary
Well, the situation in the UK may be a bit calmer for now but as the economy reopens you can sort of bet that the odds
– We had to take swift, decisive action on Spain quarantine decision
– We will continue to take action where it is necessary
Well, the situation in the UK may be a bit calmer for now but as the economy reopens you can sort of bet that the odds
UK think tank says unemployment will reach 10% this year
UK think tank, NIESR, comments on the UK economy
For now, a lot about UK economic data – especially in relation to the labour market – is largely masked by the fact that the government’s furlough program is in place.
For now, a lot about UK economic data – especially in relation to the labour market – is largely masked by the fact that the government’s furlough program is in place.