8.5.2020

Square surges after reporting 64% jump in revenue, more customers using Cash App - CNBC

"Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and stong growth in its consumer payment app."

 

Euro-Area Economy Stages Stronger Rebound With Demand Picking Up - Bloomberg

"Businesses in the euro zone saw stronger growth than initially reported in July, with output expanding for the first time since coronavirus lockdowns hit the economy in March."

 

Activision Blizzard Reported Earnings. Wait Till You See the Forecast. - Barron's

"Much like rival videogame producers Take-Two Interactive Software and Electronic Arts, Activision Blizzard said late Tuesday that its quarterly earnings benefited from people being stuck at home during the Covid-19 pandemic."

 

Disney Earnings Report Reveals Rare Loss - WSJ

"The Covid-19 pandemic has closed Disney's theme parks, virtually eliminated movie distribution and curtailed live sports, a key programming source for Disney TV networks. However, the world's shut-in nature has helped the company's Disney+ streaming service secure more than 60 million users in nearly nine months, a mark that Netflix took about eight years to achieve."