Trading Ideas
Year: 2020
Trading Ideas
Southwest warns that revenue could drop as much as 95% in May
Southwest Airlines reports first quarter earnings as it prepares to cut back on more of its flights due to the coronavirus crisis. …read more […]
Trading Ideas
Trading Ideas
Business News
Merck sees $2.1 billion hit to full-year sales from coronavirus pandemic
Merck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is expected to hammer sales of medically administered drugs including its blockbuster Keytruda treatment.
Business News
PepsiCo says snacks to ease, not cure its lockdown blues
PepsiCo Inc warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants, theaters and stadiums, were forced to shut down to help control the spread of the coronavirus.
Business News
Lufthansa still considering protection from creditors: company source
The idea of German flagship carrier Lufthansa using a type of protection from creditors is not yet off the table, a source at the airline said on Tuesday.
Business News
Bavarian premier says Lufthansa CEO’s warning should be taken seriously
The premier of the German state of Bavaria on Tuesday said a warning issued by Lufthansa’s CEO – that governments should not have too much influence on the airline – should be taken seriously.
Business News
Futures jump with focus on earnings, easing of lockdowns
U.S. stock index futures rose on Tuesday after a round of quarterly earnings reports brought upbeat signs from Pfizer and respiratory mask-maker 3M for investors increasingly hopeful of a relaunch of business across the economy.
Trading Ideas
Warren Buffett offers his 2 best pieces of advice for aspiring young investors
“The proper attitude toward investing is much more important than any technical skills,” Buffett says. …read more […]
Trading Ideas
Shanghai gold boss wants super-sovereign currency for post-crisis times
The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic. Wang Zhenying, who heads the world’s largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency …read more […]
Trading Ideas
KPMG audit finds fault with Wirecard, shares slump 19%
An independent investigation by auditor KPMG into Wirecard found on Tuesday the German payments company did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times. Following the release of the report, Wirecard said the KPMG audit had not uncovered incriminating evidence to support allegations it manipulated its accounts and it would not restate its accounts for the years 2016 through 2018. “I would like to underline that, overall and in every point, the allegations were not confirmed,” CEO Markus Braun told a conference call with reporters. …read more […]
Business News
Harley-Davidson cuts dividend payout, suspends share buybacks
Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves even as it reported a smaller-than-expected decline in quarterly profit.
Business News
Merck profit beats, coronavirus uncertainty weighs on forecast
Merck & Co Inc beat analysts’ estimates for quarterly profit on Tuesday on strong demand for its blockbuster cancer drug, Keytruda, but expects coronavirus-led lockdowns to weigh on the treatment’s sales in the next few quarters.
Business News
Lufthansa may seek creditor protection alongside Berlin rescue talks
Lufthansa might seek some form of protection from creditors while talking to the Berlin government about a 9 billion euro ($9.76 billion) rescue package, a company source said on Tuesday after government and airline sources said talks on a deal were continuing.