March 10, 2021 8:28 am
According to a report by Bloomberg News earlier this week, Tesla Inc (TSLA) intends to build a mega battery that could power about 20,000 households during the peak summer season and which will be connected to the Texas grid. Gambit Energy Storage LLC, which is registered as a subsidiary of Tesla Inc, has embarked on […]
Read moreMarch 9, 2021 8:32 am
According to a recent report by Bloomberg News, Goldman Sachs Group Inc (GS) could generate nearly $100 million in earnings from February’s winter storm, which left many households across Texas and some other southern states without electricity, heat and clean water. The media also said that Goldman’s earnings from the physical sale of power and […]
Read moreMarch 8, 2021 10:07 am
Having touched a three-week trough on Friday due to a broadly stronger dollar, GBP/USD traded mostly stable above 1.3800 during the European session on Monday, as the latest CFTC futures data showed Pound speculators had been the most bullish in three years. Against a basket of six major peers, the US Dollar continued to gain […]
Read moreMarch 5, 2021 10:11 am
Spot Gold extended losses from the previous two trading days on Friday, while hitting a fresh nine-month low, following some disappointing remarks on rising bond yields by Federal Reserve Chair Jerome Powell, which further bolstered bond yields and the US Dollar. The precious metal also looked set to register its third consecutive week of losses. […]
Read moreMarch 5, 2021 8:28 am
Britain’s Competition and Markets Authority (CMA) said on Thursday that it had launched a probe into Apple Inc (AAPL) following allegations the tech giant’s terms and conditions for app developers are anti-competitive and unfair. The investigation aims to determine whether Apple has a monopoly over app distribution on its devices in the United Kingdom, the […]
Read moreMarch 4, 2021 9:50 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading day on Thursday, as OPEC+ producers may decide to stick with oil output cuts at a meeting later today, which provided support to oil prices. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may roll over production […]
Read moreMarch 3, 2021 10:15 am
Capital One Financial Corp (COF) said on Tuesday that it had appointed two new members to its Board of Directors – Ime Archibong and Craig Williams, who will stand for election by Capital One shareholders in May. Ime Archibong is Head of New Product Experimentation at Facebook. Previously, he served as Vice President of Product […]
Read moreMarch 3, 2021 8:30 am
Exxon Mobil Corp (XOM) said earlier this week that it had appointed activist investor Jeff Ubben and Michael Angelakis, previously Chief Financial Officer at Comcast Corp, to its board of directors. The news came after Tan Sri Wan Zulkiflee Wan Ariffin, previously Chief Executive Officer of Malaysia’s state energy company Petronas, became part of the […]
Read moreMarch 2, 2021 10:01 am
AUD/USD retreated on Tuesday after the Reserve Bank of Australia (RBA) once again pledged to continue bond purchases and reassured that accelerated growth would not lead to an early policy tightening. The RBA also left its official cash rate without change at a record low level of 0.10% at its policy meeting on Tuesday, in […]
Read moreMarch 1, 2021 10:24 am
After a sharp retreat against the US Dollar at the end of last week due to an aggressive sell-off in global bond markets, the Sterling and other risk-sensitive currencies stabilized during Monday’s European session, recouping a portion of losses. Bond sell-off reflected a bet by investors that central banks across the globe will have to […]
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