June 8, 2021 9:03 am
AUD/USD edged down on Tuesday since uncertainty surrounding the Federal Reserve’s policy outlook seemed to have offset upbeat macro data coming out of Australia. A softer-than-anticipated US Non-Farm Payrolls report somewhat allayed fears of an early monetary policy tightening by the Fed, which helped the Aussie to recoup earlier losses last week. Next, on the […]
Read moreJune 8, 2021 7:18 am
United Airlines Holdings Inc (UAL) said last week that it would begin to require new employees to provide proof that they have been vaccinated against the novel coronavirus. Under the new rule, all external job candidates with offers made after June 15th will have to provide confirmation they have been fully vaccinated by their start […]
Read moreJune 7, 2021 9:02 am
GBP/USD was a notch weaker at the start of the new week as doubts emerged that the British government would stick to its plan to entirely lift coronavirus-related restrictions on June 21st. Hopes of a rapid re-opening of the UK economy seemed to have waned in recent weeks due to a surge in cases of […]
Read moreJune 7, 2021 7:18 am
CSX Corp (CSX) said on Friday that its board of directors had approved a 3-for-1 stock split, which would be distributed to the company’s shareholders as a stock dividend. Every shareholder of record at the close of business on June 18th will receive 2 additional shares of CSX’s common stock for each share held, CSX […]
Read moreJune 4, 2021 9:18 am
Following a sharp sell-off on Thursday, Spot Gold was hovering just above a fresh two-week trough on Friday, as the US Dollar strengthened to a three-week high, while the 10-year US Treasury yield surged to 1.63%, increasing the opportunity cost of holding the non-yielding metal. “A much stronger dollar, a rise in U.S. Treasury yields […]
Read moreJune 3, 2021 9:04 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior two trading days on Thursday, driven by expectations of a recovery in fuel demand later in 2021, most notably in the United States, Europe and China. Market forecasters, including the Organization of the Petroleum Exporting Countries and allies (OPEC+), largely project that […]
Read moreJune 3, 2021 7:26 am
Tesla Inc (TSLA) will recall almost 6,000 vehicles in the United States due to an issue involving loose brake caliper bolts, a company filing with the National Highway Traffic Safety Administration (NHTSA) showed. Loose caliper bolts could allow the brake caliper to separate and come in contact with the wheel rim, which could result in […]
Read moreJune 2, 2021 7:55 am
Exxon Mobil Corp (XOM), Equinor and Petrogal Brasil said in a joint statement on Tuesday that they would begin developing an $8 billion Bacalhau oil field in Brazil. The field is to be operated by Norway’s Equinor, the companies said, while first oil from the site is expected in 2024. “Estimated recoverable reserves for the […]
Read moreJune 1, 2021 8:46 am
AUD/USD rose on Tuesday despite that the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. The pair benefited mostly from US Dollar’s weakness, as the greenback was hovering just above 4 1/2-month lows against a basket of six major peers. An additional […]
Read moreJune 1, 2021 7:07 am
Tesla Inc’s Chief Executive Elon Musk said in a tweet over the weekend that deliveries of the Model S Plaid vehicle would be postponed until June 10th, since the car requires ”one more week of tweak.” The Model S Plaid was showcased as part of Tesla’s Battery Day presentation in September 2020, while the company […]
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