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AT&T earnings will be released on Thursday before the market opens and analysts expect them to fall as the communications and media conglomerate deals with thorny issues to do with the coronavirus pandemic’s impact on US consumer spending. Analysts expect AT&T to report 79 cents in second-quarter adjusted earnings per share, down from 89 cents…
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The UK has asked Japan for help with 5G network, days after banning the use of kit from Huawei from the country, joining an increasing list of countries that are shunning Chinese telecoms giant A source from Japanese tech firm NEC told Nikkei that the company is “in discussions” with the British government while rival…
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Coca-Cola is expected to report lower revenues and profits in the second quarter when it reports next Tuesday. The beverage industry has not been immune to the pandemic which has hit Coca-Cola harder than its soft drinks rival Pepsi. Zacks consensus estimates show that analysts expect Coca-Cola’s second-quarter revenues to fall 24% year over year…
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Hedge fund manager Diego Parrilla (pictured), who returned 47% in 2020 by investing in gold and Treasuries, says the next decade will be marked by inflation that central banks are unable to control. Parrilla heads the $450m Spanish-based Quadriga Igneo fund, which profited from the market crash early this year. His stance on the unprecedented…
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Huawei reported its slowest growth in seven years on Tuesday, as the UK kicked the Chinese telecoms giant off its 5G network. Huawei reported revenues of $64.23bn in the first half of 2020 but the year-over-year growth of 13.1%, while looking impressive on a standalone basis, was the lowest since the first half of 2013….
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Tesla shares price, that’s up over 500% over the last year, could rise even further if it is included in the S&P 500 just like Yahoo shares rallied 64% in 5 trading sessions in 1999 on news of inclusion in the index. Tesla share has been on a fire since last October 2019. It has…
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Results from the latest trading session point to investors moving away from U.S. stock futures towards the safety of government bonds as jitters mounted about the recovery from Covid-19 lockdowns. Stock futures linked to the S&P 500 were down 0.4%. European stocks traded slightly higher, with the Stoxx Europe 600 index up 0.3%. Asian markets…
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After US-China relations soured this year to the lowest level ever, the on-going tension left the Chinese yuan further from a ‘safe-haven’ asset. As the outlook of the yuan against the US Dollar worsened, China seems to be looking at reconciliation. There have been several flashpoints between the United States and China this year including…
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US dollar weakened today amid concerns over economic recovery, the slump in energy markets, and rising infections due to the pandemic. Major Asian markets barring those in China closed with losses today while European markets were trading in red in early trade today. US stock markets also closed with significant losses yesterday and futures are…
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Global stock markets have risen over the last week powered by strong gains in China amid strong economic data. However, analysts warn that a bubble is building that will eventually burst. China’s Shanghai Composite Index has gained 12% so far in July taking its year to date gains to almost 10%. China, which was the…
