December 8, 2020 9:39 am
According to a report by Reuters, citing two sources familiar with the matter, J.P. Morgan Chase (JPM) has appointed UBS banker Peihao Huang as the co-head of its Equity Capital Markets (ECM) business in Asia, excluding Japan. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 7, 2020 10:43 am
GBP/USD retreated more than 1.2% on Monday, while touching lows unseen since November 19th, as market players became more concerned about the possibility of Britain and the European Union not managing to secure a post-Brexit trade deal as last-minute negotiations resumed. A senior EU diplomat said that European Union’s chief negotiator Michel Barnier was “rather […]
Read moreDecember 7, 2020 8:45 am
According to Tesla Inc’s first US diversity report, black employees occupy only 4% of the company’s US leadership roles and account for 10% of its total US workforce. Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.95% ($5.66) to $599.04. The latter also was the […]
Read moreDecember 4, 2020 10:39 am
Spot Gold was mostly flat in Europe on Friday, but headed for its first gain in four weeks, as the US Dollar weakened to levels not seen since late April 2018 on growing optimism regarding US stimulus. Weaker dollar makes the yellow metal less expensive for international investors holding other currencies. “Upward momentum (in gold) […]
Read moreDecember 4, 2020 8:45 am
Delta Air Lines Inc (DAL) said on Thursday that it forecast a cash burn rate within the range of $12 million to $14 million per day during the fourth quarter amid slowing demand for air travel and surging new COVID-19 infections. Delta Air shares closed higher for a second consecutive trading session in New York […]
Read moreDecember 3, 2020 10:36 am
After gaining over 1.6% on Wednesday, futures on US West Texas Intermediate Crude Oil retreated on Thursday, as oil producers argued over the need to extend unprecedented production cuts that were put into place at the start of the coronavirus pandemic. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, are expected […]
Read moreDecember 3, 2020 8:37 am
Ford Motor Co (F) reported on Wednesday a 20.9% year-on-year slump in its total vehicle sales in the United States to 149,931 units in November. Last month Ford’s truck sales plummeted 20.9% year-on-year to 78,630 units, car sales plunged 39.1% year-on-year to 11,037 units, while sales of SUVs went down 16.4% year-on-year to 60,264 vehicles. […]
Read moreDecember 2, 2020 10:34 am
AUD/USD extended gains from the prior trading day on Wednesday and traded not far from Monday’s three-month high of 0.7408, as upbeat Australian GDP data as well as hopes of additional US economic stimulus and more positive headlines regarding coronavirus vaccines supported investor risk sentiment. A report by the Australian Bureau of Statistics showed earlier […]
Read moreDecember 2, 2020 8:34 am
Kohl’s Corp (KSS) said on Tuesday that it had inked a long-term strategic partnership with Sephora, under which 850 Sephora shops will be opened inside Kohl’s own sites by 2023. Kohl’s shares closed higher for the sixth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest […]
Read moreDecember 1, 2020 9:04 am
Loop Capital has raised its rating on Apple Inc (AAPL) from “Hold” to “Buy”, while assigning a 12-month price target of $131, as the firm highlighted stronger iPhone build and shipment outlook. Apple shares closed higher for a fourth consecutive trading session on NASDAQ on Monday. It has also been the sharpest single-session gain since […]
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