January 7, 2021 10:23 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior two trading days on Thursday, while hitting highs not seen since late February 2020, after the unilateral decision by Saudi Arabia to slash production during the upcoming two months. Additional support to prices came after a weekly report showed a drop in […]
Read moreJanuary 7, 2021 8:57 am
Ford Motor Co (F) on Wednesday reported a 9.8% drop in its quarterly vehicle sales in the United States, as higher sales of Sport-utility vehicles (SUVs) were outweighed by a slump in sales of profitable trucks. As many as 542,749 vehicles were sold during the fourth quarter compared with 601,862 vehicles in the year-ago quarter. […]
Read moreJanuary 6, 2021 10:31 am
Granite Construction Incorporated (GVA) said earlier this week that it had opened its Solari Aggregate facility in Arvin, California, to provide aggregate and asphalt to private and public clients in the Bakersfield market. Shares of Granite Construction Inc closed higher for the fifth time in the past ten trading sessions in New York on Tuesday. […]
Read moreJanuary 6, 2021 8:45 am
Amazon.com Inc (AMZN) announced on Tuesday the purchase of 11 Boeing 767-300 aircraft, as the company seeks to bolster its delivery capabilities. The jets, which include 7 from Delta Air Lines and 4 from WestJet Airlines, are expected to be introduced into Amazon’s air cargo network by 2022, the company said. Amazon shares closed higher […]
Read moreJanuary 5, 2021 10:23 am
AUD/USD rebounded on Tuesday after the People’s Bank of China (PBOC) lifted the official yuan exchange rate by the biggest margin since 2005, while prompting broad US Dollar selloff. The official yuan midpoint was set at 6.4760 per dollar, or 1% firmer compared to the previous fixing. “If the Chinese currency is going up, it’s […]
Read moreJanuary 5, 2021 8:37 am
Argus has assigned a new 12-month price target of $305 on FedEx Corp (FDX) and maintained a “Buy” rating on the stock, while citing FDX’s “attractive valuation.” FedEx shares closed lower for a seventh consecutive trading session in New York on Monday. It has also been the steepest single-session loss since December 18th. The stock […]
Read moreJanuary 4, 2021 10:22 am
GBP/USD extended gains from last week and touched highs not seen since May 2018 on Monday, mostly due to dollar weakness as global risk sentiment remained buoyant. The US Dollar Index registered its first annual drop since 2017 in 2020 and was last down 0.56% on the day to 89.43. The Pound has also gained […]
Read moreJanuary 4, 2021 8:44 am
Delta Air Lines Inc (DAL) is still expected to achieve positive cash flow by the spring, Ed Bastian, the company’s Chief Executive Officer, said in a Friday memo. Delta Air shares closed lower for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the steepest single-session […]
Read moreDecember 31, 2020 10:02 am
Following a two-day rally, futures on US West Texas Intermediate Crude Oil eased on Thursday and were set to register a 21% slump in 2020, as COVID-19-related lockdown restrictions delivered a blow to many segments of the global economy, while crippling fuel demand. Still, oil prices have rebounded from their decade-lows registered in April, as […]
Read moreDecember 30, 2020 10:30 am
AUD/USD extended gains from the previous trading day on Wednesday, while reaching highs not seen since June 2018, as the US Dollar continued to retreat and riskier assets were bolstered by vaccine-driven global growth prospects and US fiscal stimulus optimism. “The start of COVID-19 immunization campaigns in several countries as well as additional U.S. fiscal […]
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