Global markets live: LVMH, Michelin, Tesla, Amazon, Activision...

07/27/2021 | 10:48am

The session sees a flurry of quarterly results typical of late July, with names such as Starbucks, Kering and UPS. Tesla earned for the first time more than one billion dollars in a quarter. Amazon is interested in cryptocurrencies but denied it will soon accept bitcoin. Anger rises at Activision, where management is facing criticism in a sexism case.

Key earnings reports. United Parcel, Texas Instruments, McDonald's Corporation, Starbucks , Kering ...etc

 

  • LVMH: H1 results exceed expectations thanks to its Fashion and Leather Goods division.
  • Michelin: raises 2021 guidance on rebound in production volumes.
  • Tesla earns for the first time more than one billion dollars in a quarter.
  • BioNTech aims to develop a malaria vaccine.
  • Amazon is interested in cryptocurrencies but denies it will soon accept bitcoin.
  • American Airlines warns against a possible fuel shortage, asking pilots to save it.
  • ABB sells its Mechanical Power Transmission division to US-based RBC Bearings.
  • Logitech International beats expectations in the first quarter.
  • Anger rises at Activision, where management is facing criticism in a sexism case.
  • Vontobel posts strong first-half results.
  • Intel announced Monday that its factories will begin producing Qualcomm chips and unveiled a roadmap to expand its foundry business to catch up with rivals like Taiwan Semiconductor Manufacturing and Samsung Electronics by 2025.
  • General Electric on Tuesday raised its free cash flow forecast to a range of $3.5 billion to $5 billion (from $2.5 billion to $4.5 billion previously) for this year on the back of a recovery in the aviation market that should boost demand for the U.S. conglomerate's engines and parts. The stock gained 3.7% in pre-market trading.
  • United Parcel Service (UPS) on Tuesday reported better-than-expected quarterly revenue and profit on increased shipments and distribution of healthcare products such as COVID-19 vaccines.
  • Centene - The health insurer reported a lower-than-expected second-quarter profit on Tuesday, due in part to higher medical costs.
  • Raytheon Technologies on Tuesday raised its full-year adjusted profit forecast on higher demand for its products and services amid a recovery in air travel. The stock is up 1.2 percent in premarket trading.

 

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