January 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 […]
Read moreJanuary 27, 2021 8:45 am
General Electric Co’s fourth-quarter free cash flow, reported on Tuesday, topped Wall Street estimates, while the company set a target for that essential performance measure at $2.5 billion to $4.5 billion for the full-year 2021, citing better operational management. General Electric shares closed higher for the fifth time in the past ten trading sessions in […]
Read moreJanuary 26, 2021 10:25 am
AUD/USD slipped to a one-week low on Tuesday, as doubts regarding the speed and size of US stimulus package prompted market players to avoid risk ahead of the Federal Reserve’s two-day policy meeting. The US Dollar Index advanced overnight to 90.65, or its highest level since January 20th, and was last up 0.06% on the […]
Read moreJanuary 26, 2021 8:47 am
Google workers from all over the globe were reported to have formed a union alliance. The news came weeks after over 200 employees at Google and other Alphabet Inc units established a labor union for offices in Canada and the United States. Alphabet shares closed lower for the fifth time in the past ten trading […]
Read moreJanuary 25, 2021 10:27 am
Having eased from a more than 2 1/2-year high from last week, GBP/USD remained mostly stable on Monday, as market players were weighing hopes of a $1.9 trillion fiscal stimulus plan in the United States as well as coronavirus vaccine rollout push in Britain. Reports emerged over the weekend that 5.9 million people in Britain […]
Read moreJanuary 22, 2021 10:35 am
Spot Gold retreated on Friday, pressured by higher US bond yields. However, stimulus expectations have put the yellow metal on course for its best weekly performance since the business week ended on December 18th. The yield on US 10-year government bonds remained firmly above 1%, while providing certain support to the US Dollar. The latest […]
Read moreJanuary 22, 2021 8:30 am
BlackRock Inc (BLK) intends to introduce bitcoin futures as an eligible investment to two of its funds – BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc, a regulatory filing showed. BlackRock shares closed higher for a third consecutive trading session in New York on Thursday. The stock inched up 0.09% ($0.66) to $742.20, […]
Read moreJanuary 21, 2021 10:20 am
After two straight trading days of gains, futures on US West Texas Intermediate Crude Oil eased on Thursday, as an industry report revealed an unexpected increase in US crude oil stocks, which once again brought forth concerns over demand. The American Petroleum Institute (API) reported on Wednesday that US crude oil inventories had risen by […]
Read moreJanuary 21, 2021 8:37 am
Walt Disney Co’s (DIS) top executives received no performance-based bonuses during the past fiscal year, the company said earlier this week, as it seeks to cushion the impact of the pandemic. Walt Disney shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest single-session gain […]
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