Month: January 2021

Billionaire restaurateur and casino operator Tilman Fertitta told CNBC on Tuesday he expects strong consumer spending to fuel the U.S. economic recovery from the coronavirus pandemic. “The consumer is coming back. I’m telling you, where we can do business, we are doing business,” the Landry’s chairman and chief executive said on “Power Lunch.” “This is
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Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is expected to report its fiscal first-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 55 cents expected Revenue: $6.93 billion expected At the coffee giant’s investor day in December, CFO Pat Grismer reiterated the company’s
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What you need to know on Monday, February 1: Investors attention was diverted away from the FX board, amid turmoil in equities. The American dollar benefited from a dismal market mood but traded within familiar levels against its European rivals. Commodity-linked currencies and the JPY were the most affected by risk-aversion. Gamestop shares soared amid
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Another big week for earnings next week Next week is another big earnings week. This week’s results, although mostly better than expectations, saw investor sell into the bounces (generally speaking).   So what reaction will the results next week bring? Below is a list of the major releases: Monday Warner music group NXP Tuesday UPS Pfizer Alphabet
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That puts an end to Western Australia’s 10-month coronavirus-free streak This comes as the security guard working at the hotel – which serves as a quarantine facility for inbound travelers – tested positive for COVID-19 with fears it could be a UK or South African variant. Western Australia premier, Mark McGowan, said that: “Beginning at
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This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Dec. 16. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in
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China’s China’s National Bureau of Statistics (NBS) official survey PMIs  Manufacturing 51.3Non-manufacturing 52.4Composite 52.8  prior 55.1 The PMI index of manufacturing sentiment hit a 38-month high of 52.1 in November last year. Its been above 50, and in ‘expansion’ for most of 2020 despite the pandemic impact. China’s policy of “internal circulation” (in a nutshell business
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NEW DELHI: Gold and silver futures prices in the domestic market traded with gains in the morning trade on Thursday, as low level buying pushed precious metals higher. Investors are awaiting any development on the stimulus front. While there is a buzz that the government may reduce duty on gold to raise demand in the
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