March 31, 2021 9:15 am
Spotify Inc on Tuesday announced the acquisition of Betty Labs, the creator of sports-focused social audio app Locker Room, in an attempt to speed up its move into live audio. The cost of the acquisition, however, remained undisclosed. The company said that it intended to “evolve and expand” Locker Room during the upcoming months to […]
Read moreMarch 31, 2021 7:38 am
Southwest Airlines Co (LUV) said earlier this week that it had ordered 100 737 MAX aircraft from Boeing Co and would take delivery of the first 30 planes in 2022. Every 737 MAX 7 jet costs about $100 million at list prices, but these planes usually sell for less than 50% of their official price […]
Read moreMarch 30, 2021 9:00 am
AUD/USD traded a notch higher on Tuesday, as investor risk sentiment seemed to have recovered in Asia and Europe after US shares trimmed losses triggered by a hedge fund default. The Australian currency also largely ignored a drop in prices of iron ore and crude oil on Tuesday, with shipping traffic through the Suez Canal […]
Read moreMarch 29, 2021 9:17 am
GBP/USD managed to extend gains from late last week on Monday, while regaining the area just above 1.3800, supported by diminishing concerns over Britain’s COVID-19 vaccine supply from the European Union. The UK seems to be on track to accelerate its vaccine roll-out during the upcoming months after the EU stopped short of imposing a […]
Read moreMarch 29, 2021 7:40 am
Citigroup Inc (C) announced on its website last week that it had appointed Erika Irish Brown to head its global diversity strategy. Brown will join the Wall Street bank as its chief diversity, equity and inclusion officer from rival Goldman Sachs, where she had been head of diversity and inclusion strategy since mid-2018. With Brown […]
Read moreMarch 26, 2021 9:31 am
Spot Gold traded little changed in proximity to Thursday’s one-week low on Friday and was poised to register its first weekly loss in three weeks, as recent upbeat US macro data and accelerating vaccine roll-outs pushed the US Dollar to highs not seen since mid-November. An official government data showed yesterday that the number of […]
Read moreMarch 25, 2021 10:03 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday, since new pandemic-related lockdowns once again brought to life concerns over oil demand, even as a stranded container ship was still obstructing oil carriers in the Suez Canal. “Oil is shifting lower, and in addition to lockdown woes, the slow uptake […]
Read moreMarch 25, 2021 8:51 am
Bank of America Securities analyst Michael Carrier raised his rating on Bank of New York Mellon (BK) from ”Underperform” to ”Buy”, while citing favorable revenue and earnings outlook. The firm also raised its 12-month price target on the stock from $43 to $50, which compares with a median price target of $49.00. According to Carrier, […]
Read moreMarch 24, 2021 10:38 am
Lockheed Martin Corp (LMT) on Tuesday announced a collaboration with communications provider Omnispace LLC, aimed to develop a space-based 5G network to be used by both commercial entities and government agencies. A 5G global network based in space is expected to allow users to switch between satellite and terrestrial networks, which would remove the need […]
Read moreMarch 24, 2021 8:43 am
Apollo Global Management Inc said earlier this week that Jay Clayton, former US Securities and Exchange Commission chief, had been appointed as non-executive chairman after company’s founder Leon Black revealed plans to step down from his executive roles. In January, Black, aged 69, agreed to step down from the post of Chief Executive Officer. Back […]
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