Under Armour is expecting its annual revenue to appear above Wall Street estimates due to a surge in demand for face masks and running shoes during the pandemic-related trend for outdoor exercises.
The US consumer spending surged more than anticipated in September, the Commerce Department reported on Friday, but warned that decreasing unemployment benefits and rising coronavirus cases could affect the Q4 spending.
Shares in Apple plunged about 5% after the US tech giant reported a sharp decline in its Chinese iPhone sales, tumbled by its new model launch's delay amid the coroavirus pandemic.
The United States has granted its approval for 50 Lockheed Martin F-35 aircraft sale to the UAE in a potential deal that worth $10B.
Exxon Mobil has reported on Friday another quarterly loss, adding it expects deeper spending cuts in the future, as the coronavirus pandemic hit prices and energy demand.
On Friday, Chevron Corp reported a surprise Q3 profit on oil prices recovery from spring plunge and spending trims benefited operating results.
On Friday, the main indexes of Wall Street dropped at the open, tumbled by the tech heavyweights selloffs after the underwhelming business updates and rising coronavirus cases.
Retail investors have placed their bids for the record $3 trillion for Ant Group's IPO, which is set to become the world's largest listing.
Sony Corp has entered final negotiations with AT&T over the acquisition of Crunchyroll, the US animation-streaming service, in a potential deal valued over $957M, according to the Nikkei.
On Friday, Reuters reported that Apple lost nearly $100 billion in market cap due to its late launch of 5G phones.
Amazon.com is expecting a surge in its holiday sales and costs caused by the pandemic, as consumers keep shopping online.
Twitter Inc reported it had missed the Wall Street's forecasts for new subscribers, adding it was expecting expenses growth to accelerate in the Q4, sending its shares down 16%.
Apple reported the sharpest decline in its iPhone sales in the last two years, caused by the delay of the new iPhone 12 launch that prompted the customers to postpone buying new devices.
Alphabet's Google reported its sales growth revived, topping analysts' estimates for its Q3 as the pandemic had resumed advertising with internet's largest supplier of ads.
Exxon Mobil Corp announced on Thursday that the company would cut its global workforce by approximately 14,000 jobs.
Electronic cigarette maker Juul announced on Thursday that the company would decrease its valuation to $10 billion from $38 billion.
On Thursday, crude oil prices declined, as demand continued to decrease due to global coronavirus measures.
During Thursday's US trading hours, the Euro reached a four-week low level against the US Dollar.
Siemens agreed to sell Flender mechanical drives unit to the US buyout company Carlyle Group for €2.025B, the German engineering group stated.
Sony and OmniVision Technologies were granted US licences to resume shipping image sensors to China's Huawei Technologies, Nikkei Asia reported.
American Express announced that it invested $1B to advance gender and racial and equality, aiming to promote social justice.
Car production in the UK declined 5% to 114,732 units in September, compared to the same period the prior year, the British Society of Motor Manufacturers and Traders reports.
The US economy expanded at an annualized rate of 33.1% in the third quarter of 2020 after a slump in the previous quarter, data published by the US Commerce Department show.
Marvell Technology Group announced on Thursday it would acquire the Inphi peer in a $10B cash-and-stock deal to broaden the chip supplier's footprint in 5G network infrastructure and data centres.