News Formal

Terrible or merely bad? Investors brace for ugly Q1 earnings | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

NEW YORK, April 13 ― The month of March opened with US unemployment near a 50-year low and concluded with countless companies turning to Washington for help as the coronavirus ravaged the economy. Quarterly earnings season ― which kicks off this week with reports from major banks ― will...

People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease, at an Arkansas Workforce Centre April 6, 2020. — Reuters pic

While the reports will no doubt be weak, it is difficult to know exactly how bad the first-quarter results will be because the first two months of the year saw fairly strong economic activity that was halted in sudden and dramatic fashion in March as governments imposed lockdown orders to halt the spread of the virus.

More than 10 million people were suddenly put out of work, major auto plants closed down, thousands of small businesses shuttered as did restaurants, malls and movie theaters, major sporting events were canceled or postponed and thousands of commercial flights were axed or flew with fewer than 25 per cent of the seats filled.

“Visibility is extremely limited at this time,” said Francois Trahan, a strategist at UBS, expressing a sentiment shared by other market watchers who are hesitant to predict when profits might rebound.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 1. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Ride-hailing app offers delivery services to boost taxi drivers’ earnings | Malay MailKUALA LUMPUR, April 12 — Taxi-oriented ride-hailing PICKnGO app is offering users delivery service options to boost drivers’ earnings during the movement control order (MCO) period. PICK N GO Sdn Bhd executive director Valerie Chan said taxi drivers had been finding it hard to make ends meet...
ソース: malaymail - 🏆 1. / 86 続きを読む »

Virgin Galactic to run as a critical infrastructure business during Covid-19 pandemic | Malay MailLONDON, April 13 ― Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many US states in which it operates have mandated business closures during the coronavirus outbreak. “We are an aerospace...
ソース: malaymail - 🏆 1. / 86 続きを読む »