January 4, 2021 10:22 am
GBP/USD extended gains from last week and touched highs not seen since May 2018 on Monday, mostly due to dollar weakness as global risk sentiment remained buoyant. The US Dollar Index registered its first annual drop since 2017 in 2020 and was last down 0.56% on the day to 89.43. The Pound has also gained […]
Read moreJanuary 4, 2021 8:44 am
Delta Air Lines Inc (DAL) is still expected to achieve positive cash flow by the spring, Ed Bastian, the company’s Chief Executive Officer, said in a Friday memo. Delta Air shares closed lower for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the steepest single-session […]
Read moreDecember 31, 2020 10:02 am
Following a two-day rally, futures on US West Texas Intermediate Crude Oil eased on Thursday and were set to register a 21% slump in 2020, as COVID-19-related lockdown restrictions delivered a blow to many segments of the global economy, while crippling fuel demand. Still, oil prices have rebounded from their decade-lows registered in April, as […]
Read moreDecember 30, 2020 10:30 am
AUD/USD extended gains from the previous trading day on Wednesday, while reaching highs not seen since June 2018, as the US Dollar continued to retreat and riskier assets were bolstered by vaccine-driven global growth prospects and US fiscal stimulus optimism. “The start of COVID-19 immunization campaigns in several countries as well as additional U.S. fiscal […]
Read moreDecember 30, 2020 8:31 am
J.P. Morgan Chase & Co (JPM) announced on Monday plans to acquire the global loyalty unit of cxLoyalty Group Holdings Inc. Yet, financial details of the agreement remained undisclosed. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New York on Tuesday. The stock edged down 0.26% […]
Read moreDecember 29, 2020 10:27 am
GBP/USD, along with other risk-sensitive assets, rose on Tuesday in the wake of EU-UK post-Brexit trade agreement and supported by optimism regarding US COVID-19 relief package. Last Thursday Britain secured a narrow trade deal with the European Union, just several days before it parts ways with one of the largest trading blocs worldwide. Investor risk […]
Read moreDecember 29, 2020 8:14 am
According to a report by German paper Augsburger Allgemeine, BMW intends to accelerate its production of electric vehicles. The luxury auto maker aims at least 20% of its sold vehicles to be made electric by 2023. Shares of Bayerische Motoren Werke AG (BMWG) were edging up 0.22% (EUR 0.165) in Frankfurt on Tuesday to trade […]
Read moreDecember 24, 2020 10:05 am
Wells Fargo revised up its 12-month price target on Walt Disney Co (DIS) from $182 to $201 and maintained an “Overweight” rating on the stock, as it projects success in streaming growth into next year. Walt Disney shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […]
Read moreDecember 23, 2020 10:49 am
Futures on US West Texas Intermediate Crude Oil retreated for a third straight trading day on Wednesday, as an industry report revealed a surprise crude oil inventory build in the United States, while President Donald Trump threatened not to sign an $892 billion COVID-19 relief bill. Trump demanded that Congress raise the amount in the […]
Read moreDecember 23, 2020 8:35 am
According to a recent report by Reuters, Apple Inc (AAPL) intends to begin production of a passenger vehicle by the year 2024 by using its own battery technology. Apple’s new battery design could lead to a “radical” reduction of battery costs and also improve the vehicle’s range, the report stated. Apple shares closed higher for […]
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