May 20, 2021 9:23 am
Futures on US West Texas Intermediate Crude Oil retreated for a third straight trading day on Thursday, as an increase in US oil inventories added to demand concerns amid rising new coronavirus infections in parts of Asia, including India where more movement restrictions have been imposed. An official report by the US Energy Information Administration […]
Read moreMay 20, 2021 7:53 am
Southwest Airlines Co (LUV) on Wednesday revised down its average core cash burn forecast for the second quarter by $1 million per day, since a recovery in leisure travel demand is likely to more than compensate for higher fuel prices. According to Southwest, leisure passenger travel demand and bookings have improved in May and June […]
Read moreMay 19, 2021 9:35 am
International Business Machines Corp (IBM) announced on Tuesday that it would acquire Waeg, a consulting partner for Salesforce. The acquisition is expected to extend IBM’s range of services and also to support its hybrid cloud and artificial intelligence strategy. The deal follows another acquisition by IBM in January – that of 7Summits, a US-based firm […]
Read moreMay 19, 2021 8:16 am
AT&T Inc (T) announced earlier this week that it had reached an agreement to merge its content unit, WarnerMedia, with Discovery. Under the terms of the deal, AT&T expects to receive an aggregate amount of $43 billion that combines cash, debt as well as WarnerMedia’s retention of certain debt. As a result of the agreement, […]
Read moreMay 18, 2021 9:05 am
AUD/USD rose over 0.5% on Tuesday due to a weaker US Dollar and after the RBA Minutes, released earlier in the day, pointed to rapid economic recovery. Investors were also looking for more clues over inflation and possible tightening of monetary policies. Market players’ focus has been set on any new pieces of data that […]
Read moreMay 17, 2021 9:23 am
GBP/USD was a notch stronger at the start of the new week, while trading not far from last week’s 2 1/2-month high of 1.4167, as the British government took another step towards economic re-opening by further easing COVID-19-related restrictive measures. Cafes, bars and restaurants will be allowed to service customers indoors, while an international travel […]
Read moreMay 17, 2021 7:47 am
All new US hires at Delta Air Lines Inc (DAL) will need to be vaccinated against COVID-19, the company announced last week. ”Any person joining Delta in the future, future employees, we’re going to mandate they be vaccinated before they can sign up with the company,” Delta Air’s Chief Executive Officer Ed Bastian said in […]
Read moreMay 14, 2021 9:05 am
Spot Gold extended a rebound from this week’s low on Friday due to a softer US Dollar, but gains were limited by key macroeconomic data that bolstered the case of a sooner-than-anticipated increase in interest rates. This week’s macro data showed a sharper-than-expected surge in US consumer prices in April and initial jobless claims hitting […]
Read moreMay 13, 2021 9:07 am
After a two-day rally, futures on US West Texas Intermediate Crude Oil plunged over 2% on Thursday, despite forecasts of a rebound in oil demand globally, as the COVID-19 crisis in India worsened. The International Energy Agency (IEA) said yesterday that oil demand was already exceeding supply, while that shortfall will probably increase even if […]
Read moreMay 13, 2021 7:30 am
The Wendy’s Co (WEN) on Wednesday reported first-quarter revenue and earnings above Wall Street estimates and raised its full-year profit forecast. The burger chain is confident that its breakfast menu, which it launched just prior to last year’s lockdowns, will bring back customers as restaurants reopen for business. Wendy’s shares closed lower for the fourth […]
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