Finland’s Supercell reports sales up 2% while core earnings slip
Finland’s biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2% to 1.39 billion euros ($1.52 billion) although core earnings slipped 4%....
S&P 500, Nasdaq hit new highs at open on coronavirus optimism
The S&P 500 and the Nasdaq opened at all-time highs on Tuesday after top Chinese health adviser said the coronavirus outbreak may peak this month,...
Under Armour shares drop after surprise profit decline warning for 2020
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in...
Fed’s Powell says economy ‘resilient,’ but warns on coronavirus, productivity
Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress on...
WeWork says to become free cash flow positive by 2022
Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects...
IKEA new CEO targets ‘even more affordable’ furniture as habits shift
IKEA named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world’s biggest furniture brand on Tuesday as it adapts to...
Oil rises from 13-month low as new virus cases slow
Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some...
Under Armour forecasts surprise sales drop, coronavirus hit; shares fall
Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, largely due to weakness in North America, and said the coronavirus outbreak in...
Futures rise on hopes virus may be over soon; Sprint soars
U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while...
Sleeping giant awakens? Downside risks for euro grow
A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic...