Futures lower on fears of another wave of virus infections
U.S. stock index futures fell on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.
Marriott quarterly profit misses lowered estimates as bookings plunge
Marriott International Inc fell short of already drastically lowered expectations for quarterly profit on Monday, as bookings plunged due to coronavirus-led travel restrictions.
Under Armour’s quarterly revenue slumps on lockdowns hit
Athletic apparel maker Under Armour Inc on Monday reported a 23% fall in quarterly revenue, as retailers across the world remained shut due to the COVID-19 pandemic.
BA owner says burning cash, quarantine plan will make it worse
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.
Under Armour’s quarterly revenue tumbles 23% amid health crisis
Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
Starbucks to reopen UK drive-thru locations this week
Starbucks Corp said on Monday it would begin a phased reopening of all its drive-thru locations and some takeaway-only stores in the United Kingdom as the country eases coronavirus-led restrictions on road travel.
Futures slip on fears of new wave of coronavirus cases
U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.
Stocks stumble on fears of second wave of coronavirus cases
Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens to slow or reverse the loosening of lockdown measures.
Oil falls on fears of coronavirus second wave
Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from supply cuts by the world’s biggest producers.
Over 80% of U.S. small businesses expect longer impact of pandemic: survey
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monda…
