Source: Pixabay | Owner: MasterTux
Reading time: six minutes
The world has entered the second half of 2020 just as troubled (if not more so) as it did in the first half. And as financial forecasts grow grimmer by the day, one thing is starting to become painfully clear to all—we might not see a full recovery in 2020, and even one happening in 2021 would depend on a lot going right.
Source: Pixabay | Photographer: MabelAmber
Reading time: two minutes
The latest earnings report by the popular denim maker Levi Strauss & Co revealed that the company’s sales for the fiscal period tumbled by a whopping 62% as even online sales couldn’t compensate for the fact that the chain’s physical stores were closed for 10 weeks straight due to the COVID-19 pandemic.
Source: depositphotos.com
Reading time: ten minutes
The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.
In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.
Source: Unsplash.com | Photographer: Trent Yarnell
We are informing all our clients that, due to the upcoming Independence Day holiday in the U.S. (July 4th, Saturday), the trading hours of some CFD markets will change.
Source: Dreamstime
Reading time: two minutes
The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Source: Depositphotos
Reading time: two minutes
The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.