A stock market sustained by little more than hope all year is getting evidence 2021 will bring more tangible support, lifting it above an assortment of dramas. Optimism is being
Continue reading »The Fed could disappoint markets Wednesday, even if it keeps a super dovish tone
The Fed is expected to release a new outlook for the economy, which is expected to be improved in the longer term because of the availability of vaccines. The Fed
Continue reading »Small Stocks in India May Continue to Beat Large Caps in 2021
India’s smaller stocks are beating their larger peers for the first time in three years, and some strategists say that outperformance will likely continue at least through next year. The
Continue reading »New Profit Alerts From Nigerian Banks Have Less to Do With Virus
In this article It’s not just the pandemic that’s putting Nigerian bank earnings at risk: Competition for customers in the recession-hit economy is driving interest rates on loans lower. Mid-tier
Continue reading »McDonald’s Warns U.S. Franchisees of Higher Bills Next Year
McDonald’s Corp. is rolling out a series of financial changes that will result in heftier bills for its U.S. franchisees beginning next year, a move that is stoking tensions with
Continue reading »Salesforce Earnings Aren’t Even The Biggest Mover For This Stock
Salesforce.com, Inc. (NYSE: CRM) released fiscal third-quarter financial results after markets closed Tuesday. The firm said that it had $1.74 in earnings per share (EPS) and $5.42 billion in revenue,
Continue reading »Covid vaccine maker AstraZeneca expects to release trial data by year-end
AstraZeneca expects vaccine data to be available this year. It reported a solid rise in third-quarter sales. It is behind on a target to deliver millions of doses of its
Continue reading »Verizon Q3 Profit Tops Estimates, Operating Revenue Down 4.1%; Raises Guidance
Verizon Communications Inc. (VZ) said the company delivered strong third quarter results with an increased cash flow, wireless service revenue growth, and the most Fios Internet net adds since fourth
Continue reading »Santander sees better core profits for 2020 on more cost savings
Banks across Europe are struggling to cope with record low interest rates and the economic downturn sparked by the coronavirus pandemic is forcing lenders to focus on further cutting costs.
Continue reading »Southwest Airlines posts biggest-ever loss as coronavirus slams demand
Southwest has reduced capacity less than its competitors. The Dallas-based carrier recently asked unionized employees to take a 10% pay cut to avoid furloughs through next year. Southwest Airlines on
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