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Sterling faces a possible correction as election nears

The British pound has been on a roller-coaster ride in the years since the U.K.’s EU membership referendum back on June 23, 2016 (subsequently better known as the Brexit referendum). It’s seen a range against the U.S. dollar between $1.50 on the night of the referendum, sinking as low as …

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Starbucks (SBUX) earnings Q4 2019 meet estimates

Starbucks on Wednesday reported quarterly revenue that topped analysts’ expectations as cafes in the U.S. and China attracted more customers. Shares of the company jumped more than 2% in extended trading. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales …

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Apple (AAPL) earnings Q4 2019

Apple reported fourth-quarter earnings that beat analyst expectations on Wednesday, thanks to strong performance in services and its fast-growing wearables business. Apple stock rose over 1% in after-hours trading. Here’s how the company did compared with Refinitiv consensus estimates: Revenue: $64 billion vs. $62.99 billion estimate. EPS: $3.03 vs. $2.84 estimate. …

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Mattel shares spike after earnings beat, CFO to step down, whistleblower probe ends

Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Shares of Mattel jumped as much as 20% in extended trading Tuesday after the company posted better-than-expected earnings for the third quarter and announced it would be hiring a new chief financial officer. The company also said auditors …

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Argentina could send investors for a wild ride again as election looms

Argentine stocks could suffer another bout of volatility as the country is on the cusp of a leadership shake-up while in the middle of an economic crisis. Market-friendly President Mauricio Macri is expected to lose his reelection bid on Sunday to leftist Alberto Fernandez and his running mate, former President …

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Intel (INTC) earnings Q3 2019

Intel Justin Sullivan | Getty Images Intel stock jumped 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth. Here are the key numbers: Earnings: Excluding certain items, $1.42 per share, vs. $1.24 per share as expected by analysts, according to Refinitiv. Revenue: …

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It will take 100 years for women to earn the same as men at this rate

10’000 Hours | DigitalVision | Getty Images It could take a century for women to be paid as much as men, if things stay as they are now. The wage gap between men and women is 20%, meaning women get paid 80 cents for every $1 men earn. In the …

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Twitter (TWTR) earnings Q3 2019

Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square Mike Segar | Reuters Twitter shares tanked as much as 20% Thursday after the company reported advertising and revenue “headwinds” and missed Wall Street expectations on the top and bottom lines for its third-quarter.   Here’s what the company reported, …

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RBS swings to losses after missing expectations for third quarter

The Royal Bank of Scotland (RBS) reported a third-quarter attributable net loss of £315 million ($406.9 million) on Thursday, missing the £988 million profit forecast from Reuters. The British lender was hit by a £900 million charge in the last quarter to settle mis-selling claims in the fallout of a …

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Hong Kong housing policies target affordability, public developments

Residential units are seen clustered tightly together in an apartment complex in the Quarry Bay area of Hong Kong. Alex Ogle | AFP | Getty Images Hong Kong’s new housing policy package may ease some tensions, but it is unlikely to cure social unrest in the city, says JLL’s Hong …

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