CVS Health Corp Raises Its 2020 Earnings Guidance After Q3 Revenue Exceeded Expectations

Earnings analysis of CVS Health Corp for Q3 2020

Source: Pixabay

Reading time: 2 minutes

Last Friday, CVS shares were up by nearly 6% at market close on the news that the company has generated higher-than-expected income after it expanded its drugstore chain business to also include health services covering all needs – from basic health insurance to COVID-19 testing. In its latest earnings call, CVS Health Corp also announced a new CEO.

Read more

5 more “fat finger” errors that (nearly) destroyed the markets

Sad person sitting on laminate flooring

Source: | Photographer: HolgersFotografie

As we witnessed in our previous article on the topic, flash crashes can sometimes be sparked by typical human flaws, such as greed or carelessness. This time around, we’ll examine 5 extra cases where the markets crashed not just under the hasty fingers of nervous traders, but also due to some serious malfunctions in the automated trading software they used. However, before we do that, we should probably briefly explain something first.

Read more

Business Impossible: How COVID-19 Led to the Bankruptcy of World-renowned Companies

Businesses gone bankrupt due to COVID-19

Source: Dreamstime

Reading time: 6 minutes

As expected, the unprecedented crisis, provoked by the global COVID-19 pandemic, led to significant economic problems and bankrupted many businesses of all sizes and in all economic sectors. 

Аccording to some estimates, the negative effects of the downturn have already outweighed those of the 2008 crisis. “I’m pretty confident we will see more bankruptcies this year than ever before,” recently commented for Fortune magazine James Hammond, CEO of New Generation Research – the data analytics company that runs Bankruptcy Data. 

Read more

Biden Vs. Trump: What Do the 2020 Presidential Elections Hold for Europe’s Economy?

Trump and Biden on boxing match with Merkel as referee

Source: Dreamstime

Reading time: 7 minutes

In the past four years, it has become apparently clear that Europeans are not especially fond of Trump’s presidency. So much so, in fact, that, according to the Pew Research Center, some would go so far as to place more faith in Chinese President Xi Jinping – the heart of a well-oiled Communist regime – in “doing the right thing” than in the current U.S. president.

This is why Brussels and Europe, in general, have placed such great hopes on Joe Biden – the presidential candidate who is believed to be able to reforge the transatlantic alliance, re-enter the U.S. in the Paris Agreement and revoke the trade tariffs, imposed by the Trump administration, on China and the U.S. allies, among other things. But will this really be the case?

Read more