December 10, 2020 10:55 am
Futures on US West Texas Intermediate Crude Oil surged 1% on Thursday, as optimism over a faster oil demand recovery following COVID-19 vaccine roll-out outweighed a sharp increase in US crude oil stocks. COVID-19 vaccinations were initiated in the UK this week and are about to begin during the upcoming weekend in the US. WTI […]
Read moreDecember 10, 2020 8:34 am
Daniel Ives, an analyst at Wedbush, revised up his 12-month price target on Apple Inc (AAPL) from $150 to $160 and assigned a Street-high bull case target of $200, as he cited the strongest iPhone trajectory since 2014. Wedbush also maintained an “Outperform” rating on the stock. Apple shares closed lower for the third time […]
Read moreDecember 9, 2020 10:25 am
AUD/USD surged sharply in early European session on Wednesday, while hitting a fresh 29-month high, as hopes over US stimulus as well as COVID-19 vaccine approval fueled investor risk sentiment. The Trump administration proposed on Tuesday a $916 billion coronavirus aid package, after a slimmer proposal had already been rejected by congressional Democrats. Meanwhile, the […]
Read moreDecember 9, 2020 9:01 am
UBS raised its 12-month price target on FedEx Corp (FDX) from $320 to a Street-high level of $380, as the bank is confident that the shipping company will outstrip a consensus of estimates when it reports results on December 17th. The median estimate by analysts points to earnings per share of $3.81. FedEx shares closed […]
Read moreDecember 8, 2020 9:39 am
According to a report by Reuters, citing two sources familiar with the matter, J.P. Morgan Chase (JPM) has appointed UBS banker Peihao Huang as the co-head of its Equity Capital Markets (ECM) business in Asia, excluding Japan. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 7, 2020 10:43 am
GBP/USD retreated more than 1.2% on Monday, while touching lows unseen since November 19th, as market players became more concerned about the possibility of Britain and the European Union not managing to secure a post-Brexit trade deal as last-minute negotiations resumed. A senior EU diplomat said that European Union’s chief negotiator Michel Barnier was “rather […]
Read moreDecember 7, 2020 8:45 am
According to Tesla Inc’s first US diversity report, black employees occupy only 4% of the company’s US leadership roles and account for 10% of its total US workforce. Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.95% ($5.66) to $599.04. The latter also was the […]
Read moreDecember 4, 2020 10:39 am
Spot Gold was mostly flat in Europe on Friday, but headed for its first gain in four weeks, as the US Dollar weakened to levels not seen since late April 2018 on growing optimism regarding US stimulus. Weaker dollar makes the yellow metal less expensive for international investors holding other currencies. “Upward momentum (in gold) […]
Read moreDecember 4, 2020 8:45 am
Delta Air Lines Inc (DAL) said on Thursday that it forecast a cash burn rate within the range of $12 million to $14 million per day during the fourth quarter amid slowing demand for air travel and surging new COVID-19 infections. Delta Air shares closed higher for a second consecutive trading session in New York […]
Read moreDecember 3, 2020 10:36 am
After gaining over 1.6% on Wednesday, futures on US West Texas Intermediate Crude Oil retreated on Thursday, as oil producers argued over the need to extend unprecedented production cuts that were put into place at the start of the coronavirus pandemic. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, are expected […]
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