January 22, 2021 10:35 am
Spot Gold retreated on Friday, pressured by higher US bond yields. However, stimulus expectations have put the yellow metal on course for its best weekly performance since the business week ended on December 18th. The yield on US 10-year government bonds remained firmly above 1%, while providing certain support to the US Dollar. The latest […]
Read moreJanuary 22, 2021 8:30 am
BlackRock Inc (BLK) intends to introduce bitcoin futures as an eligible investment to two of its funds – BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc, a regulatory filing showed. BlackRock shares closed higher for a third consecutive trading session in New York on Thursday. The stock inched up 0.09% ($0.66) to $742.20, […]
Read moreJanuary 21, 2021 10:20 am
After two straight trading days of gains, futures on US West Texas Intermediate Crude Oil eased on Thursday, as an industry report revealed an unexpected increase in US crude oil stocks, which once again brought forth concerns over demand. The American Petroleum Institute (API) reported on Wednesday that US crude oil inventories had risen by […]
Read moreJanuary 21, 2021 8:37 am
Walt Disney Co’s (DIS) top executives received no performance-based bonuses during the past fiscal year, the company said earlier this week, as it seeks to cushion the impact of the pandemic. Walt Disney shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest single-session gain […]
Read moreJanuary 20, 2021 10:37 am
General Motors Co (GM) and Cruise, in which the auto maker holds a majority stake, announced on Tuesday a partnership with Microsoft Corp, aimed to commercialize self-driving vehicles. General Motors shares closed higher for the eighth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest single-session […]
Read moreJanuary 20, 2021 8:46 am
AT&T Inc (T) said earlier this week that it intended to cut its headcount in Slovakia, since the coronavirus crisis has delivered a blow to customer demand. According to a report by Reuters, Martin Horkavy, the chairman of trade union uniJA representing AT&T workers, claimed such a decision could affect as many as 300 jobs. […]
Read moreJanuary 19, 2021 10:58 am
Having touched a two-week low on Monday, AUD/USD firmed on Tuesday, as investor risk sentiment improved on renewed optimism that China will continue to drive growth in the Asia Pacific area. The latest macro data showed that Chinese economic growth had accelerated during the fourth quarter, while the nation’s economy had been among the few […]
Read moreJanuary 19, 2021 8:44 am
Deliveroo said over the past weekend that it had secured additional $180 million in raised funds from existing investors. As a result, the company’s business is now valued at over $7 billion. The London-based company intends to use the $180 million raised to expand its delivery-only kitchen sites, on-demand grocery deliveries and subscription services. “This […]
Read moreJanuary 18, 2021 10:12 am
GBP/USD fell to a one-week low on Monday, as the greenback held on to recent gains. Still, prospects for the Sterling remain rather positive, analysts noted, while the latest CFTC futures data revealed the largest net long position on GBP since last March. With a no-deal Brexit scenario now avoided thanks to a last-minute EU-UK […]
Read moreJanuary 15, 2021 10:23 am
After a flat performance a day earlier, Spot Gold rose on Friday, as the prospect of a huge US coronavirus relief package increased the commodity’s appeal as a hedge against inflation. Additional support to prices came after rather dovish remarks from Federal Reserve’s Chairman Jerome Powell. US President-elect Joe Biden on Thursday announced a $1.9 […]
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