U.S. President Donald Trump on Thursday said he was very disappointed in China after the novel coronavirus broke out soon after the two countries agreed on a Phase 1 trade deal.
Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Walgreens… …read more […]
Top news and what to watch in the markets on Thursday, May 14, 2020. …read more […]
Credit card spending among some of JP Morgan Chase & Co’s U.S. customers fell 40% during March and early April compared to last year, as Americans stayed home to protect against the novel coronavirus, according to a new report on Thursday.
(Bloomberg) — Saudi Arabia will trim oil shipments to the prized Asian market in June and cut exports even more aggressively to Europe and the U.S., in a possible sop to President Donald Trump and hard-pressed American shale producers.OPEC’s biggest member is seeking to shore up a tentative recovery in crude markets after the coronavirus crushed energy demand and sparked the oil industry’s worst crisis in decades. The Saudis are voluntarily reducing supply to the lowest level in 18 years as they lead a global effort to drain a glut that has dragged down prices by more than half this …read more […]
U.S. electric vehicle maker Tesla Inc said on Thursday it had started producing Long Range Model 3 vehicles in its Shanghai factory and aimed to deliver them to customers soon.
Shares in Cisco Systems Inc. (CSCO) rose after its third-quarter profit topped market expectations as work-at-home orders drove demand for its tools and virtual networking products. The stock appreciated 2.3% to $42.93 in pre-market trading on Thursday.In the third quarter ended April 25, earnings per share, excluding items, stood at 79 cents exceeding analyst expectations of 69 cents. Total revenue in the reported quarter dropped 8% to $12 billion year-on-year which is slightly higher than the analysts’ average estimate of $11.7 billion.”The pandemic has driven organizations across the globe to digitize their operations and support remote workforces at a faster …read more […]
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away.
BMW on Thursday said China sales of luxury passenger cars rebounded in April but the German premium car and motorbike manufacturer cautioned that other markets including the United States will be “very slow” to recover from the corona pandemic.
Nokia, which axed its dividend after a profit warning in October to preserve cash, is battling with China’s Huawei [HWT.UL] and Sweden’s Ericsson in the race to build next-generation 5G networks. “We are pleased to have pre-financed our 2021 and 2022 maturities in-line with our prudent capital structure management,” Chief Financial Officer Kristian Pullola said in a statement. Nokia said it accepted 66% of notes tendered and 350 million euros of its March 2021 notes would remain outstanding after settlement of the offer. …read more […]
Merck KGaA said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV screens and is putting couples off seeking the German group’s fertility treatments.
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