Tag Archives: Recovery

Square Q1 sales surge 266% as transactions jump amid economic recovery, bitcoin revenue soars

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading.  Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg: As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online… Source link

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A dramatically different labor market recovery: Morning Brief

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 6, 2021 One year after carnage, the strongest labor market on record.  The April jobs report tomorrow morning should be a barnburner. But outside of a big number for job gains last month — consensus estimates are that nonfarm payrolls grew by 995,000 last month, according to the latest data from Bloomberg — we also see a labor market recovery that continues to be an almost… Source link

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Lyft beats Q1 earnings estimates, co-founder says ‘recovery is clear’

Bloomberg Pfizer Sees $26 Billion From Covid Shot, Big Potential Ahead (Bloomberg) — Pfizer Inc. laid out a plan to turn its Covid-19 vaccine into a long-term business, clinching supply agreements that will yield $26 billion in sales this year while expanding the shot to children and developing new formulations that can combat variants and be stored more easily.The drugmaker’s revenue forecast was an increase from $15 billion, reflecting the strong demand worldwide for a return to normalcy…. Source link

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Why Southwest CEO Gary Kelly is ‘euphoric’ about airline recovery

Benzinga Fasten Seatbelts Again? New Turbulence For Boeing Ahead Of Q1 Earnings Approaching Q1 earnings a year ago, Boeing (NYSE: BA) investors would have probably loved to hear that by this time, the 737 Max would be back in the air, airlines would be ordering more of that particular plane, and daily U.S. passenger numbers would be around 10 times their deepest Covid-related depths. They probably would also have been pretty happy about a stock price near $250, up from lows near $150 going… Source link

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Bitcoin’s Recovery Stalls; Lower Support Around $52K

Bloomberg Asia Stocks Bounce, U.S. Futures Dip; Dollar Flat: Markets Wrap (Bloomberg) — Asia stocks bounced after U.S. equities rallied, snapping a two-day drop with gains by companies that stand to benefit the most from an economic revival. The dollar stabilized.Japan outperformed, while Australia, South Korea and China had more modest gains. U.S. futures edged lower. Earlier, most major groups in the S&P 500 rose, with raw-material, energy and financial shares leading the charge. The… Source link

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Coca-Cola beats earnings estimates, signals recovery from COVID-19 pandemic

TipRanks 2 “Strong Buy” Momentum Stocks That Could Reach New Highs It’s natural to want to buy into a rising stock, so much so that following upward trends as a market strategy has a name: momentum investing. It’s the art of following the upward trends. Momentum investing has its advocates and detractors, as do all investing styles. While past performance does not guarantee future returns, it’s still a a useful indicator that investors should pay attention to. With this in mind, we… Source link

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Ryan Switzer’s son to make full recovery after surgery

The Telegraph How to cure the bane of slow play in golf The scourge of slow play is back on golf’s agenda after a glacial final day at the WGC Dell World Match Play in Texas on Sunday. The sloth-like pace of Billy Horschel and Scottie Scheffler in the final attracted widespread criticism from figures such as Colin Montgomerie, Catriona Matthew and Sky Sports commentator Ewen Murray. The rise of Bryson DeChambeau, for all his undoubted excellence, has also prompted discussions about pace of… Source link

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Why the airline industry recovery has a lot of runway to go – Yahoo Finance

The New York Times How Cuomo’s Team Tried to Tarnish One of His Accusers Days after Lindsey Boylan became the first woman to accuse Gov. Andrew Cuomo of sexual harassment, people tied to the governor started circulating an open letter that they hoped former staff members would sign. The letter was a full-on attack on Boylan’s credibility, suggesting that her accusations, made in a series of Twitter posts in December, were premeditated and politically motivated. It disclosed personnel… Source link

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Crude Oil Tops $66 as China’s Recovery Aids Outlook for Bulls

(Bloomberg) — Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses on with output curbs to drain global inventories. West Texas Intermediate in New York gained 0.9%, while Brent also climbed. Figures from China for the first two months of the year showed a surge in industrial output, underscoring the strength of its V-shaped recovery and reinforcing expectations for increased… Source link

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‘Fasten your seatbelts’ — The case for a roaring economic recovery: Morning Brief

TipRanks 2 “Strong Buy” Penny Stocks That Could Rally Over 100% Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM. It’s the largest regularly conducted survey of its kind. And BofA most recent findings show that Big Money is feeling… Source link

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