Category: Business

Image-sharing company Pinterest Inc projected a 60% sales growth for the current quarter, off the back of a healthy rebound in ad spending by businesses after the early months of COVID-19 pandemic wreaked havoc in the industry. The forecast, which the company termed an ‘informal’ one, compares to a 35% growth modeled by Wall Street […]

Ford Motor Co F.N on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading. Ford CEO Jim Farley, who took over on Oct. 1, is tasked with completing the No. 2 U.S. automaker’s $11 billion […]

Equity and currency volatility shot higher on Wednesday and the cost of sourcing dollars rose, reflecting fears that the U.S. election and resurgent COVID-19 pandemic could tip markets back into the sort of chaos endured earlier this year. A selloff in March wiped a third off the value of U.S. stock indexes .DJI.SPX.IXIC over a […]

Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand. Crude prices fell almost 5% and gold was under pressure from the rising dollar. On Wall Street, the energy and technology sectors […]

Financial stocks have lagged the broader equity market since the start of the year and since the late March crisis-low. But not all stocks are created equal in the S&P index that tracks the industry, which is down 23% year-to-date. In fact, so far in 2020, the lead performers of the S&P 500 Financial sector […]

EBay Inc’s EBAY.O quarterly profit topped Wall Street expectations on Wednesday and the e-commerce company forecast fourth-quarter sales above estimates, as people staying at home due to the COVID-19 pandemic took to online shopping. EBay said it expects fourth-quarter revenue in the range of $2.64 billion to $2.71 billion, while analysts estimate $2.54 billion, according […]

Visa Inc V.N missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending. The payments processor said total spending decreased 10% on a constant dollar basis, and the number of processed transactions tumbled 13% from a year earlier. Cross-border volume slid […]