The White House’s executive order on messaging app WeChat would have a significant negative impact on revenues for companies in China subject to U.S. jurisdiction, according to a survey released Wednesday by the American Chamber of Commerce in Shanghai.
Dick’s Sporting Goods crushes Wall Street estimates as online sales surge 194%, shares soar
Dick’s Sporting Goods reported eye-popping quarterly earnings and sales growth as consumers flocked to its website for hiking gear, kayaks, weights and workout clothes to stay busy during the coronavirus crisis.
Salesforce soars on big earnings beat
An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.
Nordstrom’s sales fall 53% as department store chain suffers store closures amid pandemic
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic.
Laura strengthens into Category 3 major hurricane
NHC with the latest on Hurricane Laura
Saying that it has strengthened into a major hurricane i.e. Category 3 now, adding that it is rapidly evolving into a catastrophic storm i.e. Category 4. The winds are anticipated to peak at around 130 mph and is expected to make landfall – currently swirling in the gulf of
Saying that it has strengthened into a major hurricane i.e. Category 3 now, adding that it is rapidly evolving into a catastrophic storm i.e. Category 4. The winds are anticipated to peak at around 130 mph and is expected to make landfall – currently swirling in the gulf of
ForexLive European FX news wrap: Dollar mixed in more quiet trading
Forex news from the European trading session – 26 August 2020
Headlines:
Markets:
– NZD leads, EUR lags on the day
– European equities mixed; E-minis flat
– US 10-year yields up 3 bps to 0.714%
Headlines:
Markets:
– NZD leads, EUR lags on the day
– European equities mixed; E-minis flat
– US 10-year yields up 3 bps to 0.714%
ECB’s Schnabel: Negative interest rate policy has been successful
Comments by ECB executive board member, Isabel Schnabel
The crux of negative rates is that it punishes savers at the expense of borrowers. The Schnabel is trying to make relates more towards inflation and stimulating the economy, and to be honest there hasn’t been stellar progression on both fronts.
The crux of negative rates is that it punishes savers at the expense of borrowers. The Schnabel is trying to make relates more towards inflation and stimulating the economy, and to be honest there hasn’t been stellar progression on both fronts.
Italian health minister rules out another lockdown despite rising virus cases
Italy says no to another lockdown
This is via comments from Italian health minister, Roberto Speranza, speaking to Bloomberg in an interview. As mentioned before, this is all very much a political exercise and public expectations have very well changed from the beginning of the pandemic.
This is via comments from Italian health minister, Roberto Speranza, speaking to Bloomberg in an interview. As mentioned before, this is all very much a political exercise and public expectations have very well changed from the beginning of the pandemic.
US MBA mortgage applications w.e. 21 August -6.5% vs -3.3% prior
Latest data from the Mortgage Bankers Association for the week ending 21 August 2020
– -3.3%
– Market index 770.6 vs 824.5 prior
– Refinancing index 3,423.0 vs 3,809.7 prior
– -3.3%
– Market index 770.6 vs 824.5 prior
– Refinancing index 3,423.0 vs 3,809.7 prior