November 4, 2020 9:06 am
NZD/USD, along with other risk-sensitive assets, retreated sharply on Wednesday, as early results from the US presidential election revealed a tight race while market players were prompted to wind back bets on Biden victory. Donald Trump was having a lead in key states such as Florida and Ohio, while investors were expecting to see if […]
Read moreNovember 3, 2020 10:38 am
AT&T Inc (T) said on Monday that it had finalized the sale of its wireless and wireline operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for $1.95 billion in cash. AT&T shares closed higher for a third consecutive trading session in New York on Monday. The stock went up 1.18% […]
Read moreNovember 3, 2020 8:45 am
AUD/USD rebounded from earlier lows, hit right after the Reserve Bank of Australia’s decision to ease policy, but moves were limited due to caution ahead of US Election Day. Market players have remained focused on the US election result later Tuesday, with many investors relying on the safety of the US Dollar so that they […]
Read moreNovember 2, 2020 10:34 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading days on Monday and hit lows not seen since late May, as markets prepare for high volatility during the US presidential election week. Concerns that the re-imposition of lockdown measures in Europe to slow down coronavirus spread could further weaken demand […]
Read moreNovember 2, 2020 8:20 am
Lowe’s Companies Inc (LOW) announced last Friday plans to hire 20,000 associates across its US stores and regional distributors, as it makes preparations to meet higher consumer demand during the holidays. Other retailers such as Walmart Inc, United Parcel Service and Dollar Tree have also said they will hire seasonal personnel in an attempt to […]
Read moreOctober 30, 2020 10:32 am
Following two straight trading days of losses, GBP/USD edged up during mid-European trade on Friday and looked set for a monthly gain. Still, however, moves were limited due to lack of new headlines concerning Brexit trade deal talks. EU-UK negotiations were resumed this week, with fisheries and rules governing state subsidies remaining the two critical […]
Read moreOctober 30, 2020 8:22 am
According to a report by Electrek on Thursday, citing a source with knowledge of the matter, Tesla Inc (TSLA) intends to open at least one new service center every week during next year. Currently, the auto maker operates 466 service centers across the globe, the same media reported. Tesla shares closed higher for the fourth […]
Read moreOctober 29, 2020 10:47 am
After its steepest single-day slump since October 13th on Wednesday, Spot Gold was mostly steady during European trade on Thursday as recent US Dollar rally paused, while accelerating virus spread globally and uncertainty surrounding the US presidential election next week were factors supporting safe haven demand for the precious metal. Recent polls show that Democrat […]
Read moreOctober 29, 2020 8:33 am
Mastercard Inc (MA) said on Wednesday that overall travel spending would probably not pick up anytime soon, as it reported a sharp drop in its third-quarter earnings. The company also said that cross-border volume recovery would depend on the timing and the availability of coronavirus vaccines. Mastercard shares closed lower for a fourth consecutive trading […]
Read moreOctober 28, 2020 10:32 am
According to a Tuesday report by Reuters, ByteDance-owned TikTok intends to hire nearly 3,000 engineers in Singapore, Canada and Europe during the upcoming three years. “To support our rapid global growth, we plan to continue expanding TikTok’s global engineering team, including adding approximately 3,000 engineers in Canada, Europe, Singapore, as well as the U.S., over […]
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