Monday was an eventful day for stock traders as Spotify announced it would layoff workers, it was officially confirmed that Uber would join the S&P 500, and Starbucks hit a record low.
UBS, Uber, Disney, and Canopy will report their earnings this week hence providing traders and analysts with valuable insights on the state of the economy and the financial markets. What should you expect?
This week, companies from various industries are expected to report their quarterly earnings. What can be expected from the upcoming earnings announcements and what might this reflect about the state of the economy?
Following the publication of a new proposal that may increase labour costs for ride-sharing apps like Uber and Lyft, the shares of the two showed significant drops.
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