December 30, 2020 8:31 am
J.P. Morgan Chase & Co (JPM) announced on Monday plans to acquire the global loyalty unit of cxLoyalty Group Holdings Inc. Yet, financial details of the agreement remained undisclosed. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New York on Tuesday. The stock edged down 0.26% […]
Read moreDecember 29, 2020 10:27 am
GBP/USD, along with other risk-sensitive assets, rose on Tuesday in the wake of EU-UK post-Brexit trade agreement and supported by optimism regarding US COVID-19 relief package. Last Thursday Britain secured a narrow trade deal with the European Union, just several days before it parts ways with one of the largest trading blocs worldwide. Investor risk […]
Read moreDecember 29, 2020 8:14 am
According to a report by German paper Augsburger Allgemeine, BMW intends to accelerate its production of electric vehicles. The luxury auto maker aims at least 20% of its sold vehicles to be made electric by 2023. Shares of Bayerische Motoren Werke AG (BMWG) were edging up 0.22% (EUR 0.165) in Frankfurt on Tuesday to trade […]
Read moreDecember 24, 2020 10:05 am
Wells Fargo revised up its 12-month price target on Walt Disney Co (DIS) from $182 to $201 and maintained an “Overweight” rating on the stock, as it projects success in streaming growth into next year. Walt Disney shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […]
Read moreDecember 23, 2020 10:49 am
Futures on US West Texas Intermediate Crude Oil retreated for a third straight trading day on Wednesday, as an industry report revealed a surprise crude oil inventory build in the United States, while President Donald Trump threatened not to sign an $892 billion COVID-19 relief bill. Trump demanded that Congress raise the amount in the […]
Read moreDecember 23, 2020 8:35 am
According to a recent report by Reuters, Apple Inc (AAPL) intends to begin production of a passenger vehicle by the year 2024 by using its own battery technology. Apple’s new battery design could lead to a “radical” reduction of battery costs and also improve the vehicle’s range, the report stated. Apple shares closed higher for […]
Read moreDecember 22, 2020 10:18 am
AUD/USD continued to retreat on Tuesday, disregarding an upbeat domestic retail sales report, as a new, more infectious strain of COVID-19 kept pressuring demand for risk-sensitive assets because of global recovery-related concerns. Yesterday the Aussie fell to a 1 1/2-week low of 0.7462 against its US counterpart, before recouping a portion of that loss later […]
Read moreDecember 22, 2020 8:36 am
Lockheed Martin Corp (LMT) said over the weekend that it would acquire US rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at $4.4 billion, including debt and net cash. The deal is expected to be finalized during the second half of 2021, subject to regulatory approvals. Lockheed Martin shares closed lower for […]
Read moreDecember 21, 2020 10:15 am
GBP/USD plummeted over 2% in early European trade on Monday, while extending losses from last Friday, after the UK government tightened restrictive measures in London and nearby areas in an attempt to curb the spread of a more infectious strain of the coronavirus. This led countries such as France, Germany, Belgium, Italy, the Netherlands, Canada […]
Read moreDecember 21, 2020 8:28 am
According to a report by Reuters, citing sources with knowledge of the matter, Blackstone Group Inc (BX) is exploring a merger of US benefits services provider Alight Solutions LLC with a blank-check acquisition company backed by investor Bill Foley. Blackstone shares closed lower for the fifth time in the past ten trading sessions in New […]
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