February 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 […]
Read moreJanuary 28, 2021 9:05 am
According to a report by broadcaster ITV earlier this week, Amazon.com Inc has stopped selling wines, beers and spirits in Northern Ireland and intends to de-list more items as a result of new Brexit customs rules. According to ITV, Amazon will now have to pay excise duty twice on alcohol shipments, sent from the British […]
Read moreJanuary 27, 2021 10:34 am
Twitter Inc (TWTR) announced on Tuesday the acquisition of Revue, an email newsletter startup. However, the financial terms of the agreement remained undisclosed. Following the acquisition, Revue is to operate as a standalone service, while it plans to hire for essential roles in areas such as engineering, design, data science and research. Twitter shares closed […]
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