Daily Market News: China’s economy expands 4.9% as positive economic signs post Covid-19 continue LeapRate

October 19, 2020 BY Steffy Bogdanova

Daily Market News: China’s economy expands 4.9% as positive economic signs post Covid-19 continue

What to watch IBM: IBM’s post-market close earnings report today will be an interesting one, after the firm announced on October 8 that it plans to spin off its IT outsourcing business. That division accounts for $19bn of the firm’s $59bn in revenue, according to MarketWatch. It leaves behind a hardware, software and services business…

October 16, 2020 BY Steffy Bogdanova

Daily Market News: Third straight day of losses for US stocks

What to watch BNY Mellon: Continuing the run of earnings reports this week from major US banks, Bank of New York Mellon delivers its own quarterly earnings update on Friday. The company is down 26% year-to-date, behind the broader financial sector’s 18.9% drop but ahead of the 34.5% loss suffered by banks specifically. In recent…

July 09, 2020 BY Valentina Kirilova

Daily Market News: United Airlines signals plans to lay off nearly 50% of staff

What to watch Walgreens Boots: This week, pharmacy retailer Walgreens Boots announced it has reached a deal with a primary care firm to open doctors’ offices in more than 500 drug stores over the next five years, targeting underserved markets. That partnership will likely be one focus for analysts when the company reports its latest…

April 02, 2020 BY Valentina Kirilova

Daily Market News: Stocks slide on grave virus warnings while first oil firm goes bankrupt

BAT spikes as it joins race to develop a Covid-19 vaccine London-listed stocks sank on Wednesday after the UK reported its largest daily death toll from the coronavirus, at 563, taking the total past 2,000. The FTSE 100 and FTSE 250 both sank by just under 4%, with the former now down 27.7% year-to-date. It…

Tag: Walgreens Boots