September 20, 2021 7:25 am
J.P. Morgan (JPM) intends to launch its long-planned digital retail bank Chase in the United Kingdom this week, according to reports in the media. “This is a very big strategic commitment from the firm’s standpoint,” Sanoke Viswanathan, head of J.P. Morgan’s international consumer division, said in an interview with the Financial Times. “We will spend […]
Read moreSeptember 17, 2021 8:47 am
Spot Gold rebounded from an over one-month low on Friday, but was still poised to register a weekly loss as the US Dollar held ground near a three-week peak ahead of the highly anticipated Federal Reserve policy meeting next week. A stronger dollar reduces Gold’s appeal for international investors holding other currencies. “While support at […]
Read moreSeptember 16, 2021 9:04 pm
Skoda Auto, which is part of the Volkswagen group, plans to stop production at its facilities across the Czech Republic for one week at the end of September because of chip shortages, according to the head of Skoda’s union. Jaroslav Povsik, the head of the company’s union, said in a union newsletter that cancelled shifts […]
Read moreSeptember 16, 2021 8:18 am
Futures on US West Texas Intermediate Crude Oil remained mostly steady on Thursday, following a 3% surge in the previous session that came after a sharper-than-expected drop in US crude oil inventories. Refiners in the US Gulf area and offshore oil facilities were still in a process of recovery from Category-4 Hurricane Ida, the Energy […]
Read moreSeptember 15, 2021 9:07 pm
AutoNation Inc (AN), the largest automotive retailer in the United States, said earlier this week that it had opened the AutoNation USA Denver 104 store. The latter is the first out of two AutoNation stores in Denver, which the company plans to open this year, and is located at 759 W 104th Avenue, Northglenn, CO […]
Read moreSeptember 15, 2021 8:42 am
US premium athleisure and footwear retailer Hibbett Sports, which operates more than 1,000 stores across the country, said earlier this week it had opened the first Orange County, California store in Fullerton. The 6,300 square foot store is located at 1365 S. Harbor Blvd., in the Fullerton Metro Center, while the Grand Opening celebration will […]
Read moreSeptember 14, 2021 9:05 pm
According to a report by Reuters, Fox Entertainment has purchased the TMZ entertainment platform and its media assets from AT&T Inc’s WarnerMedia. According to Variety, the deal was valued at about $50 million. As part of the agreement, Fox will own and operate all TMZ-branded media assets, including the syndicated TV shows ‘TMZ’ and ‘TMZ […]
Read moreSeptember 13, 2021 9:05 pm
Walt Disney Co (DIS) said last week that it would release “Eternals,” “West Side Story” and the remainder of its 2021 movies exclusively in theaters prior to sending them to its streaming platform. The Walt Disney Animation Studios musical Encanto will be released in theatres on November 24th, before being released on Disney+ on December […]
Read moreSeptember 13, 2021 9:02 am
GBP/USD extended a pullback from recent one-week peak on Monday, as the US Dollar strengthened ahead of key macro data that may provide clues over the timing of the Federal Reserve’s asset purchase tapering. Having registered its first weekly gain in three last week due to increased safe haven demand and higher US bond yields, […]
Read moreSeptember 13, 2021 6:38 am
Toyota Motor Corp (7203) said last week that it had revised down its annual production target by 300,000 vehicles due to coronavirus-related output slowdown at parts facilities in Vietnam and Malaysia as well as because of a global shortage of auto chips. The largest auto maker worldwide now projects to manufacture 9 million vehicles during […]
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