Source: Dreamstime
Reading time: 2 minutes
Last week’s earnings season was all about apparel as the popular U.S. clothing company crushed Wall Street estimates and showed that people are still willing to shop for clothes the “old-school way” despite the pandemic.
Source: Dreamstime
Reading time: 2 minutes
On Monday, 4th January 2021, the U.S. financial services company Jefferies Group announced a strong Q4 and annual performance across all divisions: from its investment banking branch to its asset management services. This growth is expected to be sustained throughout 2021 as well.
Source: Dreamstime | Photographer: Michael Spring
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On Thursday (10.12), Lululemon Athletica reported profits that overshadowed Wall Street expectations by a wide margin thanks to record Thanksgiving and Black Friday sales.
After initial gains following the news, the company’s shares fell by around 1% in the after-hours trading session. So far this year, Lululemon’s shares have grown by 59%.
Source: Pixabay | Photographer: geralt
Reading time: 6 minutes
In an age of fast-spreading viruses and instant contactless payments, it makes perfect sense that the nations of the world are toying with the idea of bringing their currencies in the digital realm. Following the steps of People’s Bank of China and Sweden’s Riksbank, at the beginning of October, the European Central Bank was the latest financial institution to propose the digital equivalent of its official currency – the euro.
Source: Dreamstime
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On Tuesday, the popular U.S. home supply chain reported that its Q3 earnings for 2020 greatly exceeded expectations, with sales rising 24% compared to last year.
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.