Under Armour beats analysts' expectation through increased sale for masks and sports items. As per Under Armour Inc’s forecast, its “annual revenue” has surpassed Wall Street expectation as the pandemic increased the demand for “running shoes and face masks” with the rowing trend for outdoor...

Recovered oil prices and cost reduction have resulted in surprise Q3 profits. Chevron Corp came out with a surprise Q3 profit with oil prices recovering from “spring lows” while cutting down on the spending budget helped in “operating results”.   Given the drop in demand as well as crude...

The protests against racial injustice that took place earlier in the year has pushed several corporate giants to take a pledge for the cause. American Express Co has informed about its investment of “$1 billion” to promote gender as well as racial equality, whereby joining other U.S. companies to...

The United States has opposed the move to make Nigeria's ex-finance minister as the head of the World Trade Organization (WTO) and therefore her appointment now has been thrown into doubt.   WTO’s 164 members were recommended to appoint Ngozi Okonjo-Iweala as the organizations leader by a...

A mixed bag of quarterly reports from top-tier technology companies resulted in stocks of Alphabet rallying while those of Apple and Twitter tumbled on Thursday.   These are the stocks that have caught the fancy of investors so far this year to power a stock market rally through the...

American microchip manufacturer Marvell Technology is preparing a deal to buy its competitor Inphi Corp., The Wall Street Journal (WSJ) reports with reference to its own sources. According to the magazine, the parties have already agreed on the terms of the merger and the deal will be officially...

Shell, a major oil company, decided to increase dividends as the company's profit in the third quarter exceeded expectations, CNBC reports. The oil giant reported adjusted profits of $955 million in the third quarter. For the same period last year, it was $4.77 billion. However, compared to the...

Amazon shifted its marketing event whereby increasing the chances of increasing sales given the extra shopping weeks added to the customers’ calender. Keep an eye out for the “latest financial results” of Amazon, while Wall Street waits to find out if the online retailer can maintain the heightened...

Robots that were built hastily helped several lenders cope with the deluge at banks that were overwhelmed with loan requests from businesses struggling with the impact of the coronavirus pandemic.   During the crisis, these bots were among the many quick technology fixes that were used by...