Posts From Richard W

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

Pfizer Seeks EU Emergency Authorization for COVID-19 Vaccine

  The US pharmaceutical company Pfizer Inc (NYSE: PFE) and its collaborator BioNTech SE (Nasdaq: BNTX) stated that they have submitted an application to the European Medicines Agency (EMA) for contingent marketing approval of their COVID-19 vaccine. Following the news,

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Disney to Lay Off 32,000 Employees As Disneyland Remains Closed

Walt Disney Co. (NYSE: DIS) intends to trim employee count by 32,000 in the first half of FY 2021 as the world’s leading producers of entertainment face many issues in continuing its business operations against the backdrop of the COVID-19

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United States Durable Goods Orders Surge by 1.3% in October

  The Australian dollar remained range-bound against the greenback yesterday, despite the Australian Bureau of Statistics’ release of weak construction work data. The economic data published by the US government organizations were mixed. That enabled the Aussie to retain its

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General Motors to Launch 30 New Electric Vehicles in 5 Years

   General Motors Company (NYSE: GM) stated that it intends to launch 30 electric vehicles (EVs) worldwide by 2025 under its plan to manage climate change. Following the news, the stock ended Friday’s trading session at $43.04, almost flat

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PNC Financial Services to Acquire BBVA in a $11.6 Billion Deal

  Diversified financial services company PNC Financial Services Group Inc (NYSE: PNC), the holding company of PNC Bank, is acquiring the US business of Spanish financial group BBVA in an all-cash deal worth $11.60 billion. It is the second-largest takeover

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Deutsche Post Q3 Profit Up 51.7%, Reaffirms FY 2020 EBIT View

  The German logistics firm Deutsche Post AG (OTC: DPSGY) reported a fiscal 2020 third-quarter profit that increased from the similar period last year. The company’s revenues also increased primarily from the robust performance of the global e-commerce business. Deutsche

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Euro Rises as Biden Wins Election and Starts Transition Process

   The eurodollar surged against the yen at the start of this week on reports of robust German trade surplus and better-than-anticipated Sentix Eurozone investor sentiment data. The victory of Joe Biden in the US Presidential election has also

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Eurozone Manufacturing PMI Hits 27-Month High in October

   The Eurodollar remained range-bound against the Japanese yen yesterday despite the release of better-than-anticipated Eurozone final manufacturing PMI data. The au Jibun Bank Japan manufacturing PMI data indicated a contraction of the manufacturing sector in October, but the

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Apple Beats Q4 Earnings Despite Drop in China iPhone Sales

   The stock of Apple Inc (Nasdaq: AAPL) fell 5.60% or $6.46 to close at $108.86 following the release of fiscal 2020 fourth-quarter earnings that declined from the comparable period last year. The downtrend was also fueled by the

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Ford Crushes Q3 Earnings Estimates, Sees Profit in FY 2020

   Ford Motor Co (NYSE: F) crushed Wall Street’s earnings forecasts for the fiscal 2020 third quarter on robust demand for its vehicles, despite being grappled with the COVID-19 pandemic. Both the top and bottom line grew from last

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