January 15, 2021 8:30 am
BlackRock Inc’s quarterly profit, reported on Thursday, topped Wall Street estimates, since higher activity in global markets led to higher investment and advisory fees for the company, while its assets under management rose to a record high. BlackRock shares closed lower for the second time in the past ten trading sessions in New York on […]
Read moreJanuary 14, 2021 10:10 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 47-week high on Thursday, despite that China’s customs data revealed a rise in crude oil imports and crude oil stocks in the US dropped more than anticipated last week, as surging new coronavirus infections worldwide and related oil demand concerns continued to weigh. […]
Read moreJanuary 14, 2021 8:40 am
Visa Inc (V) and fintech firm Plaid said earlier this week that their $5.3 billion merger agreement would be terminated, after the US government filed a lawsuit to stop the proposed transaction due to antitrust concerns. Visa shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […]
Read moreJanuary 13, 2021 10:50 am
According to J.P. Morgan analysts, Ford Motor Co’s decision to shut three facilities in Brazil will allow it to trim losses and bolster profitability in its underperforming international segment. “We expect the move to quickly reduce losses in its South American operations, for which we now model a breakeven result in 2020 compared with a […]
Read moreJanuary 13, 2021 9:01 am
During a J.P. Morgan healthcare conference yesterday, Pfizer Inc’s (PFE) Chief Executive Officer Albert Bourla said that the company forecast full-year 2021 earnings within the range of $3.00 to $3.10 per share. In comparison, analysts on average anticipate full-year earnings per share of $3.07. Pfizer shares closed lower for the third time in the past […]
Read moreJanuary 12, 2021 10:00 am
Following a steep drop a day earlier, AUD/USD traded higher on Tuesday, as the greenback paused a four-day advance, triggered by rising US bond yields. Expected to take office on January 20th, President-elect Joe Biden has promised “trillions” in additional coronavirus relief spending, which pressured government bonds and drove bond yields higher. The yield on […]
Read moreJanuary 11, 2021 10:28 am
GBP/USD extended the loss from last week and touched a fresh two-week low on Monday, as the US Dollar gained across the board with rising US bond yields and due to prospects of more fiscal stimulus. The yield on 10-year US government bonds has risen by over 20 basis points to 1.1187% so far in […]
Read moreJanuary 11, 2021 8:32 am
Cruise, the self-driving unit majority owned by General Motors Co (GM), announced on Friday the appointment of Gil West, the former senior executive vice president and Chief Operating Officer at Delta Air Lines, as its new Chief Operating Officer. General Motors shares closed lower for the fifth time in the past ten trading sessions in […]
Read moreJanuary 8, 2021 10:31 am
Spot Gold extended losses from the previous two trading days on Friday, pressured by a stronger US Dollar and rising US bond yields. The yield on US 10-year government bonds rose to levels not seen since March 2020, while maintaining ground above 1%. “In the short term, we just seem to lack a catalyst to […]
Read moreJanuary 8, 2021 8:45 am
International Business Machines Corp (IBM) on Thursday appointed Martin Schroeter, previously CFO, as head of its new IT infrastructure services unit, which will soon become public. IBM shares closed lower for the third time in the past ten trading sessions in New York on Thursday. The stock went down 0.23% ($0.30) to $128.99, after touching […]
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