Fri, April 19, 2024

Day: May 21, 2020

Hands student holding pen for testing exams writing answer sheet.

Students Fail AP Tests over Image Formats | Wibest Broker

Nick Bryner, a high school senior in Los Angeles, had just completed his Advanced Placement English Literature and Composition test. He took a photo of a written answer with his iPhone and attempted to upload it to the testing portal. But then it stopped responding. The website froze on the loading screen until Bryner’s time …

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Big retailer and financial problems

Best Buy’s Earnings Fell in the First Quarter of 2020

The coronavirus pandemic is a major challenge for the global economy. Consumer electronics retailer Best Buy said its revenue, as well as earnings, dropped in the first quarter of 2020. Importantly, later in the quarter, it decided to shut stores and switched to only curbside pickup outside of the stores. Moreover, Best Buy temporarily suspended …

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U.S. dollar declined while riskier currencies hit high

U.S. dollar declined while riskier currencies hit high

The U.S. dollar plummeted on Thursday, while riskier currencies held gains. Traders shrugged off negative forecasts and rising Sino-U.S. tensions, hopeful about a fast recovery from the COVID-19 pandemic. The risk-sensitive Australian dollar managed to break free from two months of rangebound moves in bullish overnight trading. The Aussie hit a ten-week high of $0.6616. …

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Crypto industry in Africa

Cryptocurrency Ownership in Sub-Saharan Africa

African countries have a huge potential when it comes to developing the local crypto industry. A new report prepared by Arcane Research contains interesting details about the cryptocurrency ownership in African countries. Importantly, African countries have some of the highest cryptocurrency ownership rates around the world. For example, South Africa is one of them. Interestingly, …

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The country’s central bank and economy

Turkey’s Central Bank Wants to Boost the Economy

Central banks around the world are trying to support the economy and Turkey’s central bank is not an exception. The country’s central bank decided made to the decision to reduce interest rates by 50 basis points on May 21. The confidence in the local currency lira encouraged this move. Interestingly, the lira strengthened modestly after …

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U.S. dollar remains low. Risk aversion on FX markets

U.S. dollar remains low. Risk aversion on FX markets

The U.S. dollar still traded low, near to 99.225 points on Wednesday. The Euro’s gains caused the greenback’s drawback. Traders waited for the outcome of the Fed’s policy minutes from the last meeting, avoiding any sudden moves. Broader currency market volatility tumbled down to its lowest level in more than two months as well. Meanwhile, …

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S&P/ASX 200 on May 20

Stocks: Australia’s S&P/ASX 200 Advanced 0.24%

It was turbulent for the stocks across the Asia Pacific, as China decided to keep the benchmark lending rate. Interestingly, Australia’s S&P/ASX 200 added 0.24% to 5,573. However, mainland Chinese stocks saw losses on the day. For example, the Shanghai Composite dropped 0.51% to end its trading day at around 2,883.74. Moreover, Shenzhen Composite fell …

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Investor Shapiro vs AT&T

American Company AT&T Failed to Convince the Court

Recently, the world’s largest telecommunications company AT& asked the U.S. District Court Judge to dismiss a lawsuit. However, the company was unable to convince Consuelo Marshall. Moreover, Marshall made the decision to reject AT&T’s bid and the suit will continue despite the AT&T position. Let’s have a look at this crypto-related lawsuit and how this …

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IG Group company logo displayed on Huawei smartphone.

IG Group System-wide Outage Now Resolved | Wibest Broker

IG Group clients have reported problems using their trading terminals. Several users complained about problems logging into, or using the broker’s platforms on Thursday. There were also complaints about reaching their help phone lines.  According to some traders, the problem had been resolved with their broker. But they were still unable to specify what the …

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