December 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 […]
Read moreDecember 22, 2020 10:18 am
AUD/USD continued to retreat on Tuesday, disregarding an upbeat domestic retail sales report, as a new, more infectious strain of COVID-19 kept pressuring demand for risk-sensitive assets because of global recovery-related concerns. Yesterday the Aussie fell to a 1 1/2-week low of 0.7462 against its US counterpart, before recouping a portion of that loss later […]
Read moreDecember 22, 2020 8:36 am
Lockheed Martin Corp (LMT) said over the weekend that it would acquire US rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at $4.4 billion, including debt and net cash. The deal is expected to be finalized during the second half of 2021, subject to regulatory approvals. Lockheed Martin shares closed lower for […]
Read moreDecember 21, 2020 10:15 am
GBP/USD plummeted over 2% in early European trade on Monday, while extending losses from last Friday, after the UK government tightened restrictive measures in London and nearby areas in an attempt to curb the spread of a more infectious strain of the coronavirus. This led countries such as France, Germany, Belgium, Italy, the Netherlands, Canada […]
Read moreDecember 21, 2020 8:28 am
According to a report by Reuters, citing sources with knowledge of the matter, Blackstone Group Inc (BX) is exploring a merger of US benefits services provider Alight Solutions LLC with a blank-check acquisition company backed by investor Bill Foley. Blackstone shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 18, 2020 10:24 am
Having touched a one-month high of $1,896.32 on Thursday, Spot Gold eased during European trade on Friday, but was still poised to register its third successive week of gains due to growing optimism over further stimulus measures in the United States. Congressional Republicans and Democrats scrambled to pass a new round of coronavirus relief yesterday, […]
Read moreDecember 17, 2020 10:45 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior several trading days on Thursday, while hitting highs not seen since late February, after a government report revealed a drop in weekly US crude oil inventories. Media reports of progress being made on US fiscal stimulus deal provided some additional support. A […]
Read moreDecember 17, 2020 9:00 am
Southwest Airlines Co (LUV) said on Wednesday that it would take delivery of 35 Boeing 737 MAX jets through the end of next year. Those deliveries will include 16 leased aircraft, Southwest said. The air carrier also noted that the 737 MAX would probably return to revenue service in March. Shares of Southwest Airlines closed […]
Read moreDecember 16, 2020 11:00 am
AUD/USD rose to a fresh 131-week high on Wednesday, as prospects of a vaccine-led global economic recovery kept risk-sensitive assets supported. Yesterday the Australian dollar took a hit after China confirmed a ban on Australia’s thermal coal exports amid continuing trade frictions between the two countries. According to Daniel Hynes, a senior commodity strategist at […]
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