March 25, 2021 10:03 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday, since new pandemic-related lockdowns once again brought to life concerns over oil demand, even as a stranded container ship was still obstructing oil carriers in the Suez Canal. “Oil is shifting lower, and in addition to lockdown woes, the slow uptake […]
Read moreMarch 25, 2021 8:51 am
Bank of America Securities analyst Michael Carrier raised his rating on Bank of New York Mellon (BK) from ”Underperform” to ”Buy”, while citing favorable revenue and earnings outlook. The firm also raised its 12-month price target on the stock from $43 to $50, which compares with a median price target of $49.00. According to Carrier, […]
Read moreMarch 24, 2021 10:38 am
Lockheed Martin Corp (LMT) on Tuesday announced a collaboration with communications provider Omnispace LLC, aimed to develop a space-based 5G network to be used by both commercial entities and government agencies. A 5G global network based in space is expected to allow users to switch between satellite and terrestrial networks, which would remove the need […]
Read moreMarch 24, 2021 8:43 am
Apollo Global Management Inc said earlier this week that Jay Clayton, former US Securities and Exchange Commission chief, had been appointed as non-executive chairman after company’s founder Leon Black revealed plans to step down from his executive roles. In January, Black, aged 69, agreed to step down from the post of Chief Executive Officer. Back […]
Read moreMarch 23, 2021 9:58 am
AUD/USD retreated to a two-week low on Tuesday, as the US Dollar rose ahead of Fed Chair Powell’s testimony later in the day while the Aussie took a hit from a steep drop in oil prices. The black liquid retreated over 3% on Tuesday due to concerns that fresh pandemic-related restrictions and slow vaccine roll-outs […]
Read moreMarch 22, 2021 10:22 am
Having touched a one-week low in Asia, GBP/USD remained mostly stable during Monday’s European session, as Forex market jitters resulting from Turkey’s surprise decision had insignificant effect on the Sterling. Meanwhile, the latest CFTC data showed that speculators had cut their net long position on GBP/USD during the week to March 16th, but still, the […]
Read moreMarch 22, 2021 8:37 am
Facebook Inc (FB) has resolved a technical issue, which led to a global outage of its services, including Instagram. Reports in the media stated that the issue had affected Facebook’s online messaging services Whatsapp and Messenger as well. According to outage tracking website Downdetector.com, more than 1 million users had complained about having issues with […]
Read moreMarch 19, 2021 10:01 am
After a 0.5% loss on Thursday, Spot Gold edged up on Friday, but upside seemed limited amid rising US bond yields after the Federal Reserve projected the strongest economic growth in four decades. The US Dollar rebounded from lows unseen in two weeks as US bond yields held in proximity to an over one-year peak, […]
Read moreMarch 19, 2021 8:35 am
Alphabet Inc’s Google announced on Thursday plans to invest more than $7 billion in offices and data centers across the United States at a time when Internet traffic rises, as COVID-19-related restrictive measures prompted more users and advertisers to go online. The latest investment aims to expand Google’s data centers in Nebraska, South Carolina and […]
Read moreMarch 18, 2021 9:54 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous four trading days on Thursday after an official report revealed US crude and fuel stocks continued to increase, as refineries in some southern states were forced to shut because of the mid-February deep freeze. An official report by the US Energy Information […]
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