January 11, 2022 10:50 am
AUD/USD was a notch stronger on Tuesday, but remained stuck within a narrow daily range, since a hawkish US interest rate outlook outweighed recent upbeat macro data from Australia. Retail sales in Australia were reported to have risen at a monthly rate of 7.3% in November, which far exceeded a consensus of analyst estimates of […]
Read moreJanuary 11, 2022 9:17 am
Luxury car maker Rolls-Royce announced on Monday that its vehicle sales had risen 49% year-on-year to an all-time high in 2021 despite the COVID-19 pandemic, as global demand for luxury vehicles remained robust. Rolls-Royce, which is a unit of German auto maker BMW, said it had sold 5,586 vehicles to clients in over 50 countries. […]
Read moreJanuary 10, 2022 11:03 am
GBP/USD traded mostly flat on Monday, while being in proximity to a fresh two-month peak, as market players have bolstered expectations that the Bank of England will lift borrowing costs in February after an unexpected hike in December. Particular attention will be paid to the preliminary UK GDP figures for November due out on Tuesday. […]
Read moreJanuary 10, 2022 9:54 am
Momentus Inc, a US commercial space company that intends to offer transportation and other in-space infrastructure services, announced last week that President Fred Kennedy had resigned from the company, effective January 21st. Momentus Chief Executive Officer John Rood will assume the role of President, while Chief Technology Officer Rob Schwarz will serve as interim Head […]
Read moreJanuary 10, 2022 8:09 am
FedEx Corp (FDX) said last week that a surge in new Omicron infections had led to staff shortage and delays in shipments transported on aircraft. “The explosive surge of the COVID-19 Omicron variant has caused a temporary shortage of available crew members and operational staff,” the package delivery company said in a statement. FedEx said […]
Read moreJanuary 7, 2022 11:25 am
Spot Gold was mostly steady on Friday and was heading for its steepest weekly loss since late November ahead of the keenly anticipated US Non-Farm Payrolls data, with the precious metal being pressured by higher Treasury yields. Benchmark US 10-year bond yields remained in proximity to highs not seen since March 2021, while increasing the […]
Read moreJanuary 7, 2022 9:20 am
Michigan-based startup Our Next Energy (ONE) said earlier this week it had tested a prototype of its new battery in a Tesla Model S, which achieved a driving range of 752 miles with a single charge. The company said it intended to initiate production of battery packs that will deliver similar range, nearly double that […]
Read moreJanuary 6, 2022 10:36 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh six-week peak on Thursday after the United States reported a larger-than-expected fuel inventory build. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had increased by 10.128 million barrels during the week ended December 31st, or the […]
Read moreJanuary 6, 2022 8:42 am
BMW said earlier this week it had registered record sales of more than 2.2 million vehicles from its BMW brand last year, while exceeding 2019 sales even amid a global chip shortage. “For the first time ever, more than 2.2 million vehicles of the BMW brand were sold,” a spokesperson for the German auto maker […]
Read moreJanuary 5, 2022 11:07 am
Walmart Inc (WMT) said earlier this week it intended to hire over 3,000 delivery drivers in the United States and to build a fleet of fully-electric delivery vans in support of its “in-home” grocery delivery service. Currently, the US retailer employs about 100 drivers and services 6 million homes. It said it expected to reach […]
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