Starbucks on Tuesday (Jan 26) reported a bigger-than-expected fall in quarterly comparable sales as the rising number of coronavirus cases in the United States kept customers at home, sending its shares 2 per cent lower in extended trading.
U.S. stocks edged up on Tuesday to push the S&P 500 to a new high as investors digested a batch of corporate profit results, including Johnson & Johnson's strong profit forecast and 3M's quarterly profit beat as the pace of earnings season picks up.
U.S. stocks edged up on Tuesday to push the S&P 500 to a new high as investors digested a batch of corporate profit results, including Johnson & Johnson's strong profit forecast and 3M's quarterly profit beat as the pace of earnings season picks up.
Booming sales at LVMH's fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group.
Tesla's quarterly report on Wednesday could trigger a US$7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker's soaring stock are keen to hear the company's target for 2021 deliveries.
LVMH, the world's biggest luxury company, said on Tuesday (Jan 26) that a strong pickup in Asian sales and robust online business helped contain the damage from Covid-19 in its 2020 results.
American Express Co said on Tuesday it expects an uptick in holiday travel this summer, but not business travel, as it seeks to recover from a year which dented airline traffic and hotel bookings, knocking 15per cent off its bottom line.
The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.
Preliminary estimates show US President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost US economic output by 5 per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday (Jan 26).
Preliminary estimates show U.S. President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost U.S. economic output by 5per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday.
