Beyond Meat reported Q1 earnings that beat expectations as concerns about a meat-shortage rise. Yahoo Finance's Jen Rogers, Myles Udland and Brian Sozzi discuss....
EUR/USD Current Price: 1.0848 * US ISM Non-Manufacturing PMI contracted to 41.8 in April, better than anticipated. * The market's mood was upbeat amid economic re-openings. * EUR/USD at risk of extending its decline once below 1.0790.A better market mood lifted the greenback, particularly against its European rivals this Tuesday. The EUR/USD pair fell to 1.0825 as shared currency was the worst performer, affected by news coming from Germany. The German Constitutional Court ruled on the ECB stimulus program introduced back in 2015. The court said that the program had not violated any law, yet gave a three-month ultimatum to the ECB in order to demonstrate the proportionality between the plan and its effects. The news triggered a sell-off in local bonds, weighing also on local indexes, which anyway closed in the green. The upbeat sentiment was underpinned by economic re-openings, as some European countries and US states are slowly returning...
Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash. The company has been struggling with debt taken on in last year's $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on rising shale oil prices ahead of a market dive. Occidental's results included a $1.4 billion impairment charge on its Western Midstream pipeline assets, a $580 million writedown of oil and gas properties and $670 million loss on interest-rate swaps....
Pinterest missed investors’ expectations on earnings per share but beat on revenue in its first-quarter earnings report. The company said monthly active users jumped 26% to 367 million globally during the quarter and it saw record levels of engagement.Pinterest withdrew its full-year outlook in April. Yahoo Finance’s Myles Udland and Jennifer Rogers break down the earnings report....
On Tuesday, Disney announced its second-quarter earnings report which beat investors’ expectations on the top line while missing on the bottom. The entertainment company cited that coronavirus had a major impact on the parks and experiences sector, though it offered no guidance for the third quarter. Yahoo Finance’s Myles Udland and The Final Round panel break down the earnings report....
Pfizer and BioNTech announced the start of the BNT162 clinical trials on Tuesday, boosting confidence that a potential treatment or vaccine could be around the corner. Yahoo Finance’s Anjalee Khemlani joins The Final Round panel to break down the latest news about the coronavirus. ...
Advertisers have pulled or cut marketing budgets to rein in costs due to the coronavirus-related uncertainty, impacting social media platforms including Pinterest, Facebook Inc and Twitter Inc, that rely on digital advertising sales. Pinterest noted that it saw a sharp deceleration in sales in the middle of March as advertisers responded to changes in demand due to the virus outbreak....
