February 5, 2021 8:53 am
Ralph Lauren Corp (RL) on Thursday projected a sharper-than-anticipated decrease in its fourth-quarter revenue, as it cited new lockdowns in key markets such as Europe and Japan. The company said that it forecast a mid-to-high single-digit drop in its revenue for the fourth quarter of fiscal 2021, while a consensus of analyst estimates had pointed […]
Read moreFebruary 4, 2021 10:05 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday after OPEC+ maintained oil production cuts, while crude oil inventories in the United States dropped to levels not seen since March 2020. During a meeting on Wednesday, the Organization of the Petroleum Exporting Countries and allies, a group […]
Read moreFebruary 4, 2021 8:31 am
According to an announcement by the US Department of Labor earlier this week, Alphabet Inc’s Google will seek to settle allegations, that it underpaid female employees and unfairly passed over female and Asian candidates for job openings, by spending $3.8 million. Alphabet shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. […]
Read moreFebruary 3, 2021 9:31 am
Ford Motor Co (F) said earlier this week that it intended to invest $1.05 billion in its manufacturing operations in South Africa. The amount above includes $683 million for technology upgrades and new facilities at Ford’s Silverton-based plant and $365 million for tooling upgrades at major supplier factories. Ford shares closed higher for a second […]
Read moreFebruary 2, 2021 10:15 am
AUD/USD eased on Tuesday, but remained supported just above the 0.7600 mark, after the Reserve Bank of Australia surprised markets by extending its bond-purchasing program and also stressed on its commitment to keep interest rates on hold until at least 2024. The RBA left its benchmark cash rate intact at a record low level of […]
Read moreFebruary 2, 2021 8:51 am
According to a regulatory filing, the annual compensation for Wells Fargo & Co’s Chief Executive Officer Charles Scharf will be almost 12% lower in 2020 compared to a year ago. Scharf’s total compensation for 2020 will decrease to $20.3 million from $23 million in 2019, the filing revealed. Wells Fargo shares closed higher for the […]
Read moreFebruary 1, 2021 10:07 am
GBP/USD edged higher on Monday, while trading not far from last Wednesday’s 2 1/2-year high of 1.3759, as risk sentiment improved on hopes that retail investors who recently launched an assault on hedge fund positions had shifted their focus to other assets such as Silver. Global risk sentiment improved with a rally in Asian shares […]
Read moreFebruary 1, 2021 8:24 am
Several executives from BlackBerry Ltd (BB) have sold $1.7 million of the company’s stock during the early days of January’s considerable share price surge, according to regulatory filings. The three executives have sold their stock holdings on January 20th at price levels within the range of $12.63 to $13.01, or almost double the stock’s price […]
Read moreJanuary 29, 2021 9:48 am
Spot Gold traded within a narrow range on Friday and looked set to register its fifth loss out of six months amid lack of proper catalysts to support prices, while the US Dollar strengthened. The dollar has gained more than 0.8% against a basket of major peers so far in January, supported by higher US […]
Read moreJanuary 28, 2021 10:25 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, because of renewed fuel demand concerns stemming from travel curbs and vaccine delays in various parts of the globe. A stronger dollar also pressured the USD-denominated commodity. The US Dollar Index was last up 0.08% on the day at 90.71, after earlier rising as […]
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