Year: 2020

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GlaxoSmithKline plc (LON:GSK) is about to trade ex-dividend in the next three days. This means that investors who… …read more […]

Investors in AstraZeneca PLC (LON:AZN) had a good week, as its shares rose 9.1% to close at UK£84.73 following the… …read more […]

Shares of CVS Health Corp. rose 5.8% on Friday after the retail pharmacy chain operator and healthcare services provider reported stronger-than-expected 3Q results and raised its profit and cash flow guidance for the full-year 2020.CVS Health’s (CVS) 3Q adjusted EPS of $1.66 decreased 9.8% from the year-ago quarter but came ahead of consensus estimates of $1.33. Revenues of $67.06 billion grew 3.5% year-over-year and topped Street estimates of $66.7 billion.CVS CEO Larry J. Merlo said, “Our strong third quarter results demonstrate continued execution of our long-term strategic plan that is transforming the way health care is delivered. As an integrated …read more […]

Shares of Maxar Technologies plunged 24.5% on Friday after the company reported weaker-than-expected 3Q sales results. The space technology company’s revenues increased 5.6% year-on-year to $436 million but fell short of analysts’ expectations of $453.7 million.Maxar Technologies’ (MAXR) 3Q earnings of $1.34 per share flipped from a loss of $0.42 per share in the year-ago quarter. The company’s CFO Biggs Porter said, “Performance in the quarter was solid, with both year-over-year revenue and profit growth on a consolidated basis and positive free cash flow. While the existence of the COVID pandemic remains a risk to our operations and the operations …read more […]

(Bloomberg Opinion) — This was supposed to be a time when things were getting closer to normal for OPEC. A recovery in oil demand after the first wave of the pandemic, coupled with a deep slump in U.S. production, was meant to leave the world needing more of its members’ crude. But it isn’t turning out like that.Two things have conspired against the Organization of Petroleum Exporting Countries. The coronavirus outbreak is threatening to put an already stalling recovery in oil demand into reverse. At the same time, supply is rising from a variety of sources over which it has …read more […]

It’s a quieter week on the economic calendar. Brexit, COVID-19, and U.S politics will remain the key drivers. The RBNZ is also in action. …read more […]

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It’s a mixed start to the day for the majors. A Bitcoin move back through to $15,000 levels would be needed to support the pack. …read more […]

How Jack Ma’s clash with the Chinese authorities stopped the biggest-ever share market debut. …read more […]

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The win by Joe Biden and Kamala Harris is getting a warm reception by investors, after media outlets announced the Democrats’ win in the U.S. presidential race on Saturday.What Happened: Markets have experienced their best week since April following Election Day. Although the tax plan proposed by Biden has not been embraced, investors and prominent Wall Street figures have been expressing support and called for the country’s unity after today’s announcement.Jim Awad, senior managing director at Clearstead Advisors, expressed assurance over a Biden presidency, saying “markets are going to like it because Biden is not going to go too far …read more […]

Joe Biden is returning to the White House to lead the United States in the midst of an economic crisis after beating President Donald Trump in Tuesday’s election, a turn of events likely to conjure an eerie sense of deja vu for the Democratic former vice president. Unlike in 2008, when the country elected Democrat Barack Obama and his running mate Biden as the global economy teetered from the sub-prime mortgage crisis and collapse of the Lehman Brothers investment bank, the worst of the current economic downturn may have passed already, economists and analysts say. “We were still …read more […]

(Bloomberg) — In the battle of the next-generation gaming machines, two key players are moving in different directions.Microsoft Corp. is making a serious attempt to attract fans in Japan with its new consoles and network services. Meanwhile, Tokyo-based Sony Corp. moved its PlayStation business headquarters to California in 2016 and has built the U.S. into its largest single market.New Xbox and PlayStation devices launching this week will likely face an uphill battle in Japan, where Nintendo Co.’s Switch enjoys dominance with a family-friendly lineup of games.But Microsoft’s targeting of the world’s third-largest video-game market — including with services that can …read more […]