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U.S. gold futures rose 0.1% to $1,867. "With tension between the United States and China rising, U.S. bond yields continuing to edge lower, and a weaker dollar very much in evidence, the case for higher gold prices remains strong," said Jeffrey Halley, a senior market analyst at OANDA. In a marked escalation between the world's two biggest economies, the United States gave China until Friday to close its consulate in Houston amid accusations of spying, which also hit risk sentiment....
Digital sales for the quarter - including customers who order ahead through Chipotle's mobile app to pick up in special drive-thru "Chipotlanes" - grew 216% to nearly 61% of total sales. In the third quarter, margins and earnings per share will likely remain bumpy, executives said during a conference call. With more Americans staying home due to the coronavirus health crisis, Chipotle has relied heavily on online orders in recent weeks....
Jul.22 -- Global coronavirus cases have reached another milestone, topping 15 million infections. Hong Kong, Japan and California all reporting daily records. But there is some hope ahead as the U.S. seals a pact with Pfizer for a vaccine. Bloomberg’s Yvonne Man reports on “Bloomberg Markets: China Open.”...
Tesla said it earned net income of $104 million from April to June, or $0.50 per share, marking the first time the company has posted a profit for four straight quarters, a condition for it to be considered for the stock index of the largest U.S. companies. The performance is a major accomplishment for Chief Executive Elon Musk, whose mission of leading the global auto industry into an electric future has frequently been questioned by investors who doubted Tesla's viability. Many analysts believe the rally has been fueled in part by expectations of Tesla's imminent inclusion in the stock index, which would unleash a flood of demand for shares....
(Bloomberg) -- The hottest stock in Asia since markets hit their nadir in March amid the peak of the coronavirus impact is an Australian payment company that is seeking to cash in on the global change in spending habits.Installment payment platform operator Afterpay Ltd. has surged 713% to become the top performer on the 1,574 member MSCI Asia Pacific Index since the gauge’s March 23 low, according to data compiled by Bloomberg. Flowing government stimulus, a shift to digital payments and stuck-at-home shoppers have bolstered expectations for the firm as it expands across the U.S., U.K. and Canada.Afterpay’s market value surged above A$20 billion ($14.3 billion) after underlying sales more than doubled and the company unveiled overseas expansion plans including deals with Apple Inc. and Google Pay. Better-than-expected credit quality and wider customer usage amid the pandemic prompted Morgan Stanley to almost triple its price target earlier this month.While the stock’s...
(Bloomberg) -- The hottest stock in Asia since markets hit their nadir in March amid the peak of the coronavirus impact is an Australian payment company that is seeking to cash in on the global change in spending habits.Installment payment platform operator Afterpay Ltd. has surged 713% to become the top performer on the 1,574 member MSCI Asia Pacific Index since the gauge’s March 23 low, according to data compiled by Bloomberg. Flowing government stimulus, a shift to digital payments and stuck-at-home shoppers have bolstered expectations for the firm as it expands across the U.S., U.K. and Canada.Afterpay’s market value surged above A$20 billion ($14.3 billion) after underlying sales more than doubled and the company unveiled overseas expansion plans including deals with Apple Inc. and Google Pay. Better-than-expected credit quality and wider customer usage amid the pandemic prompted Morgan Stanley to almost triple its price target earlier this month.While the stock’s...
According to ACT Research, U.S. trailer orders in June totaled 13,441 units, a more than 300% jump from May’s total of a little more than 3,100 trailers and 112% higher than June 2019’s level of around 6,200 units. ...
