January 11, 2021 10:28 am
GBP/USD extended the loss from last week and touched a fresh two-week low on Monday, as the US Dollar gained across the board with rising US bond yields and due to prospects of more fiscal stimulus. The yield on 10-year US government bonds has risen by over 20 basis points to 1.1187% so far in […]
Read moreJanuary 11, 2021 8:32 am
Cruise, the self-driving unit majority owned by General Motors Co (GM), announced on Friday the appointment of Gil West, the former senior executive vice president and Chief Operating Officer at Delta Air Lines, as its new Chief Operating Officer. General Motors shares closed lower for the fifth time in the past ten trading sessions in […]
Read moreJanuary 8, 2021 10:31 am
Spot Gold extended losses from the previous two trading days on Friday, pressured by a stronger US Dollar and rising US bond yields. The yield on US 10-year government bonds rose to levels not seen since March 2020, while maintaining ground above 1%. “In the short term, we just seem to lack a catalyst to […]
Read moreJanuary 8, 2021 8:45 am
International Business Machines Corp (IBM) on Thursday appointed Martin Schroeter, previously CFO, as head of its new IT infrastructure services unit, which will soon become public. IBM shares closed lower for the third time in the past ten trading sessions in New York on Thursday. The stock went down 0.23% ($0.30) to $128.99, after touching […]
Read moreJanuary 7, 2021 10:23 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior two trading days on Thursday, while hitting highs not seen since late February 2020, after the unilateral decision by Saudi Arabia to slash production during the upcoming two months. Additional support to prices came after a weekly report showed a drop in […]
Read moreJanuary 7, 2021 8:57 am
Ford Motor Co (F) on Wednesday reported a 9.8% drop in its quarterly vehicle sales in the United States, as higher sales of Sport-utility vehicles (SUVs) were outweighed by a slump in sales of profitable trucks. As many as 542,749 vehicles were sold during the fourth quarter compared with 601,862 vehicles in the year-ago quarter. […]
Read moreJanuary 6, 2021 10:31 am
Granite Construction Incorporated (GVA) said earlier this week that it had opened its Solari Aggregate facility in Arvin, California, to provide aggregate and asphalt to private and public clients in the Bakersfield market. Shares of Granite Construction Inc closed higher for the fifth time in the past ten trading sessions in New York on Tuesday. […]
Read moreJanuary 6, 2021 8:45 am
Amazon.com Inc (AMZN) announced on Tuesday the purchase of 11 Boeing 767-300 aircraft, as the company seeks to bolster its delivery capabilities. The jets, which include 7 from Delta Air Lines and 4 from WestJet Airlines, are expected to be introduced into Amazon’s air cargo network by 2022, the company said. Amazon shares closed higher […]
Read moreJanuary 5, 2021 10:23 am
AUD/USD rebounded on Tuesday after the People’s Bank of China (PBOC) lifted the official yuan exchange rate by the biggest margin since 2005, while prompting broad US Dollar selloff. The official yuan midpoint was set at 6.4760 per dollar, or 1% firmer compared to the previous fixing. “If the Chinese currency is going up, it’s […]
Read moreJanuary 5, 2021 8:37 am
Argus has assigned a new 12-month price target of $305 on FedEx Corp (FDX) and maintained a “Buy” rating on the stock, while citing FDX’s “attractive valuation.” FedEx shares closed lower for a seventh consecutive trading session in New York on Monday. It has also been the steepest single-session loss since December 18th. The stock […]
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