Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GLOBAL MARKETS LIVE: Another vaccine announcement, Nasdaq makes new acquisition…

11/19/2020 | 10:18am EDT

The potential vaccine developed by AstraZeneca and Oxford University produces a robust immune response in older adults, Nasdaq announced the acquisition of financial crime prevention software publisher Verafin, Starbucks has planned a huge salary increase for its employees, while industrial job cuts continue in Europe, at ThyssenKrupp in particular.

Earnings season. Intuit, Netease, Knorr-Bremse, Bouygues, CNP Assurances, Kingfisher, Halma, Altice Europe, Colas, Cofinimmo, ThyssenKrupp and Royal Mail are among companies reporting their results today.

 

A few results:

  • L Brands, the parent company of the Victoria's Secret brand, reported better than expected quarterly results thanks to strong demand for its lingerie. The group reported third quarter net income of $330.6 million, compared to a loss of $252 million a year earlier. Revenues increased to $3.06 billion from $2.68 billion.
  • Macy's stores recorded a loss of $91 million in the third quarter of 2020, compared to a profit of $2 million a year earlier. Sales did better than expected at $3.99 billion.
  • Nvidia presented better than expected results and forecasts. The processor and graphics card specialist saw its net income increase by 49% to $1.336 billion. Revenues jumped 57% to $4.73 billion, exceeding expectations at $4.41 billion.
  • ThyssenKrupp: in addition to its quarterly results, the German steelmaker announced it will cut 5,000 additional jobs.

 

In other news:

  • The potential vaccine developed by AstraZeneca and Oxford University produces a robust immune response in older adults, according to data from the mid-term trials published today in the Lancet. The phase 3 study is ongoing.
  • Nasdaq announced the acquisition of financial crime prevention software publisher Verafin for $2.75 billion in cash.
  • Starbucks plans to raise U.S. employee wages by at least 10 percent, according to documents obtained by Reuters.
  • U.S. airlines are once again calling on Congress for help.
  • Former Wirecard boss Markus Braun is on the grill of German MPs today.
  • Google is strengthening its banking services offer, Google Pay, including the ability to open a current account directly in the app from next year in the United States.
  • Goldman Sachs carries out a second round of redundancies in three months.
  • According to the Financial Times, Cineworld could start industrial action in the UK to survive the crisis.
  • Apple will pay $113 million for a dispute over the iPhone slowdown.
  • Muddy Waters attacks Joyy, believing that YY Live is "an ecosystem of mirages".
  • Affirm applies for an IPO in the United States.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.16% 148.79 Delayed Quote.12.13%
ASTRAZENECA PLC 0.16% 8152 Delayed Quote.11.16%
BOUYGUES 0.17% 36.03 Real-time Quote.7.07%
CINEWORLD GROUP PLC -3.51% 60.5 Delayed Quote.-5.62%
CNP ASSURANCES 0.18% 13.915 Real-time Quote.5.58%
COFINIMMO 0.83% 134.1 Real-time Quote.10.10%
COLAS 0.00% 132 Real-time Quote.6.88%
GOLDMAN SACHS BDC, INC. -0.63% 18.86 Delayed Quote.-0.73%
HALMA PLC 0.93% 3045 Delayed Quote.24.30%
INTUIT INC. 0.13% 572.88 Delayed Quote.50.61%
JOYY INC. -1.27% 54.31 Delayed Quote.-32.10%
KINGFISHER PLC 2.14% 368 Delayed Quote.36.09%
KNORR-BREMSE AG 0.29% 102.3 Delayed Quote.-8.40%
L BRANDS 2.13% 66.51 End-of-day quote.114.90%
MACY'S, INC. 3.80% 22.12 Delayed Quote.89.42%
NASDAQ, INC. -0.21% 195.43 Delayed Quote.47.23%
NETEASE, INC. -0.73% 84.34 Delayed Quote.-11.93%
NVIDIA CORPORATION -0.44% 222.42 Delayed Quote.70.37%
ROYAL MAIL PLC 0.84% 490.2 Delayed Quote.45.16%
STARBUCKS CORPORATION 0.03% 114.67 Delayed Quote.7.19%
THYSSENKRUPP AG -2.33% 9.14 Delayed Quote.12.51%
VICTORIA'S SECRET & CO. 0.54% 61.36 Delayed Quote.0.00%
WIRECARD AG 7.56% 0.249 Delayed Quote.-25.83%