Tuesday 20 July 2021

Reuters Business: Netflix provides anemic growth forecast, shares fall

Netflix provides anemic growth forecast, shares fall

Netflix Inc (NFLX.O) provided a weak forecast for customer growth in the current quarter as the streaming video pioneer faces growing competition, the return of movie theaters and a lifting of pandemic restrictions that had kept people at home.

United Airlines revenue tops estimates as travel rebounds

United Airlines (UAL.O) on Tuesday reported its sixth consecutive quarterly loss due to the coronavirus pandemic, though revenue quadrupled from a year ago as speedy U.S. vaccinations fueled a domestic travel rebound in the second quarter.

Wall Street reverses sell-off despite COVID variant concerns

Wall Street made a comeback on Tuesday with all the major indexes rising, and yields on other safe havens including U.S. Treasuries bounced off lows even as worries remained about a resurgence in COVID-19, spurred by the Delta variant.

Wall Street bounces back on renewed economic optimism

Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.

Wall Street rallies on renewed economic optimism

Wall Street ended sharply higher on Tuesday, bouncing back from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.

Moderna dominates Wall St trading ahead of S&P 500 debut

Moderna's (MRNA.O) stock dropped 2% in a volatile session on Tuesday, with the COVID-19 vaccine maker the most heavily traded company on Wall Street ahead of its debut in the S&P 500 on Wednesday.

Air Canada has enough pilots to meet demand as U.S. tourists return

Canada's largest carrier Air Canada (AC.TO) said on Tuesday it has all the "fully qualified" pilots it needs to meet higher travel demand with the planned return of U.S. tourists to the country.

U.S. states ending federal unemployment benefit saw no clear job gains

U.S. states putting an early end to federal unemployment benefits saw a larger jump in local labor supply in June than those planning to maintain the $300 weekly supplement until early September, new data show, though there was no clear sign ithad led to significantly more hiring.

Wall Street reverses losing streak on renewed hopes of economic revival

Wall Street rebounded on Tuesday, snapping a multi-day losing streak as a string of upbeat earnings and revived economic optimism fueled a risk-on rally.

Back to basics may propel Harley's profit although Street is wary of volume gains

The big question hanging over Harley Davidson Inc's (HOG.N) second-quarter results on Wednesday will be a familiar one: has the 118-year old brand sold enough bikes?

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