March 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 […]
Read moreMarch 17, 2021 10:15 am
Microsoft Corp (MSFT) said on Tuesday that glitches causing problematic access to some services, including Teams and Outlook.com, had been fixed after an update roll back. In a tweet, the tech giant had said that the access issues were associated with a “recent change to an authentication system.” Microsoft shares closed higher for the fourth […]
Read moreMarch 17, 2021 8:30 am
Deliveroo said earlier this week that it aimed to sell nearly GBP 1 billion ($1.4 billion) of new shares in its upcoming initial public offering (IPO). The British company also said that the listing would include the sale of shares by some existing shareholders as well, which could potentially push the size of the deal […]
Read moreMarch 16, 2021 10:25 am
AUD/USD was a notch weaker on Tuesday, but losses seemed to remain limited, as market players were expecting to see what the Federal Reserve’s response to the recent surge in bond yields would be, as the central bank concludes its two-day policy meeting on Wednesday. “The market is really sitting tight waiting for the Fed […]
Read moreMarch 16, 2021 8:42 am
According to a report by Reuters, citing an internal memo sent to Boeing Co’s (BA) employees, the plane maker has appointed veteran engineer Ed Clark to head its 737 MAX jetliner program. Clark, who served as chief mechanic and engineer for the company’s cash cow narrowbody program, will head Boeing’s manufacturing hub at Renton, Washington. […]
Read moreMarch 15, 2021 10:04 am
GBP/USD rebounded on Monday after a 0.6% drop last Friday ahead of central bank policy meetings, as the success of the UK vaccination program continued to underpin the Sterling. The latest data showed that more than 512 000 people in the UK had received their first dose of a COVID-19 vaccine on Saturday, while the […]
Read moreMarch 12, 2021 9:03 am
Spot Gold extended losses from the previous trading day on Friday, pressured by a surge in US Treasury yields and a firmer US Dollar. The yield on benchmark US government bonds rose after a pullback earlier this week, while the US Dollar rebounded from lows not seen since March 4th. Rising bond yields lead to […]
Read moreMarch 12, 2021 8:02 am
General Electric Co (GE) said earlier this week that it forecast full-year free cash flow of between $2.5 billion to $4.5 billion and full-year adjusted earnings within the range of $0.15 to $0.25 per share. GE actually reiterated the guidance it had provided in January. The company expects to generate higher cash flow in 2021 […]
Read moreMarch 11, 2021 10:01 am
Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after US gasoline inventories dropped for a second straight week, while successful vaccine roll-outs added to economic outlook optimism. On the other hand, US crude oil inventories rose for a third straight week following the mid-February deep freeze in Texas. An official report […]
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