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by Swissquote Analysts
Chip giant Intel Corp. may be seeing an end to the work-from-home boost it enjoyed during the pandemic, with earnings hit by consumers gravitating to cheaper laptops and data-center sales softening. The company on Thursday said revenue dropped 4% to $18.3 billion after it enjoyed strong sales in...
23.10.2020
Tesla Inc. extended its profitability streak in the third quarter and promised global production increases, in the latest sign the coronavirus pandemic has done little to dent Chief Executive Elon Musk's push to take electric vehicles mainstream. The Silicon Valley car maker on Wednesday posted...
22.10.2020
Snap Inc.'s revenue surged in the latest quarter, as the company attracted more users to Snapchat as well as advertisers looking to reach people spending more time online and on mobile devices as a result of the coronavirus pandemic. Quarterly revenue rose 52% to $678.7 million, well ahead of...
21.10.2020
UBS Group AG has set aside capital reserve of $1.5 billion for buying back its shares after a strong performance at its investment bank, as well as gains from the sale of a business, fueled a sharp increase in quarterly profits, which almost doubled. The world's largest wealth manager by assets...
20.10.2020
Shares of Navistar International Corp. soared 22.9% on heavy volume in afternoon trading Friday, after the commercial trucks and diesel engines maker said it is prepared to accept Germany-based Volkswagen AG subsidiary Traton SE's higher buyout bid of $44.50 a share in cash. Trading volume was...
19.10.2020
LVMH Moet Hennessy Louis Vuitton SE said Thursday that revenue declined organically in the third quarter compared with the same period of the previous year, but noted a return to growth in some areas following a difficult first half affected by the coronavirus pandemic. The French luxury-goods...
16.10.2020
Roche Holding AG said Thursday morning that sales in the period from January to September fell on year, but it backed its outlook for 2020. Sales at the Swiss pharmaceutical major were 43.98 billion Swiss francs ($48.15 billion) for the period, down from CHF46.07 billion in the same period last...
15.10.2020
Citigroup Inc. said Tuesday that its third-quarter profit slumped 34% and the bank set aside billions of dollars to cover potential losses in the coronavirus recession. Citigroup posted a profit of $3.23 billion, or $1.40 a share, down from $4.91 billion, or $2.07 a share, one year ago. Analysts...
14.10.2020
AstraZeneca PLC said that it has received $486 million from the U.S. government to support the development and supply of its long-acting antibody combination AZD7442 for the prevention of Covid-19. The pharmaceutical giant said AZD7442 will advance into Phase 3 clinical trials with more than 6...
13.10.2020
London Stock Exchange Group PLC said that it has agreed to sell its entire stake in the parent company of Borsa Italiana to Euronext NV for 4.33 billion euros, which LSE Group expects will support potential European Commission clearance for its deal to buy data provider Refinitiv. LSE Group said...
12.10.2020
 
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