Earnings

Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm said the delay could cause billions in loans to be called in as soon as Friday.

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Carnival Corp reported a record $4.4 billion in quarterly losses on Thursday, as the COVID-19 pandemic crippled the world's biggest cruise operator and forced it to take major write-downs on the disposal of now redundant ships.

Short sellers' months-long pursuit of Wirecard paid off spectacularly on Thursday when shares in the German fintech company plunged a record 60%.

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

German online fashion retailer Zalando said on Wednesday it expected a bigger increase in sales and operating profit in the second quarter than analysts are forecasting as the coronavirus pandemic prompts more people to shop online.

Domino's Pizza Group on Wednesday said core earnings for the first half would be lower than last year, dragged down by weak results from its Irish operations and the cost of social distancing measures at its restaurants.

Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.

U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator.