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August 3, 2020

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Stock market live updates: Futures higher, stimulus talks continue, reopening trades slip

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by CNBC010
CNBC – For more and to sign up click here Futures moved higher ahead of the first trading session of August. Source – Click here for more To Return to the Main Aggregate News Page – click here...
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U.S. stock futures flat as earnings season, stimulus talks continue

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by CNBC07
CNBC – For more and to sign up click here The U.S. Capitol Building in Washington, D.C. Adam Jeffery | CNBC Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Sunday evening as investors turned their attention back to Washington and......
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The jobs report and congressional politics may matter more for markets than earnings in the week ahead

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by CNBC015
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CNBC Business

How to play Activision Blizzard stock rally into earnings

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by CNBC01
CNBC – For more and to sign up click here One of the hottest video game stocks is gearing up to report next week. Activision Blizzard, set to report on Tuesday, has rallied 39% this year. For comparison, the S&P 500 has risen just 1%. Todd Gordon, managing director of......
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CNBC Business

Strong online sales help stem revenue declines at Under Armour during pandemic, shares jump

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by CNBC014
CNBC – For more and to sign up click here Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its fiscal second-quarter revenue fell 41%, but overall its results came in better than the retailer was expecting......
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CNBC Business

Pharma giant Merck raises 2020 outlook, saying the worst of the coronavirus impact is behind it

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by CNBC019
CNBC – For more and to sign up click here Budrul Chukrut | SOPA Images | Getty Images Pharmaceutical giant Merck on Friday beat Wall Street expectations in the second quarter and raised its overall earnings guidance for the year, saying the worst of the coronavirus pandemic is behind it.  The company,......
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CNBC Business

Shares of Caterpillar jump 3% after the Dow component reports better-than-expected results

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by CNBC016
CNBC – For more and to sign up click here Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday morning that cost reduction and prioritized......
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CNBC Business

Ford beats Wall Street earnings expectations after coronavirus shuttered factories

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by CNBC014
CNBC – For more and to sign up click here Ford (F) earnings Q2 2020 SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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CNBC Business

Alphabet reports first revenue decline in company history

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by CNBC08
CNBC – For more and to sign up click here Google parent-company Alphabet beat expectations for its second quarter earnings Thursday, but marked its first revenue decline in company history as the coronavirus pandemic slowed economic growth and advertisers pulled back spending during the quarter. The company’s stock barely moved after hours.......
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CNBC Business

Stocks are set to jump Friday after four tech giants post strong earnings, Nasdaq futures gain 1%

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by CNBC021
CNBC – For more and to sign up click here Saul Loeb | AFP | Getty Images Stock futures jumped on Thursday night, priming Wall Street to end the week on a high note as some of the biggest tech stocks — Facebook, Amazon, Alphabet and Apple — reported quarterly results that......
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CNBC Business

Remdesivir maker Gilead Sciences sees 10% drop in second-quarter sales as demand for non-coronavirus drugs falls

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by CNBC07
CNBC – For more and to sign up click here A lab technician visually inspects a filled vial of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California. Gilead Sciences | via REUTERS Gilead Sciences‘ sales fell 10% in the second quarter from......
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CNBC Business

Apple suggests new iPhones won’t arrive in September

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by CNBC02
CNBC – For more and to sign up click here Tim Cook announces the iPhone 11 at a launch event in Cupertino, Calif on Sept. 10, 2019. Source: Apple Apple Chief Financial Officer Luca Maestri suggested during the company’s fiscal third-quarter 2020 earnings call on Thursday that new iPhones may not......
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CNBC Business

Amazon cloud revenue growth slows to 29% in Q2

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by CNBC08
CNBC – For more and to sign up click here The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon’s cloud division grew its revenue by 29%......
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CNBC Business

Amazon sales soar as pandemic fuels online shopping

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by CNBC024
CNBC – For more and to sign up click here Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon reported blowout second-quarter results on Thursday, including a huge beat on the top line and double-digit revenue growth year-over-year. The stock climbed about 4.5% after hours after the company beat on both the......
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CNBC Business

Procter & Gamble sales rise 4% as consumers buy more cleaning products

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by CNBC09
CNBC – For more and to sign up click here Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020. Smith Collection | Gado | Getty Images Procter & Gamble on Thursday reported strong quarterly revenue growth as consumers stuck at home......
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Food Business News

Bunge earnings soar 141%

FoodBusinessNews
by FoodBusinessNews01
ST. LOUIS — Execution against committed crush capacity and “exceptional” coordination of trade flows contributed to strong second-quarter performance at Bunge Ltd. The improved performance followed a first quarter in which Bunge sustained a loss of $184 million, dragged down by approximately $385 million of temporary mark-to-market losses on forward......
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CNBC Business

Comcast reports strong internet customer growth, 10 million sign-ups for Peacock

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by CNBC016
CNBC – For more and to sign up click here Brian Roberts, chief executive officer of Comcast, arrives for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images Comcast reported its second-quarter earnings before the bell on Thursday, beating......
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CNBC Business

UPS shares soar 10% after reporting a surge in quarterly revenue on pandemic-led demand

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by CNBC014
CNBC – For more and to sign up click here A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images United Parcel Service on Thursday reported a 13.4% rise in quarterly revenue, as the Covid-19 pandemic led to a surge in......
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CNBC Business

‘We don’t know’: AstraZeneca CEO says ‘unpredictable’ coronavirus may require annual vaccinations

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by CNBC013
CNBC – For more and to sign up click here A future coronavirus vaccine might need to be administered every 12 months, the pharmaceutical giant AstraZeneca warned Thursday. The British firm is just one company working on a potential coronavirus vaccine. It said Thursday that late-stage trials are taking place......
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