Thu, March 28, 2024

Day: May 28, 2020

Charles Schwab Office Building Exterior Signs.

Lawsuits Hit Schwab,TD Ameritrade Merger

The Boards of Charles Schwab and TD Ameritrade have invited their respective shareholders to agree on an all-stock merger. It was valued at $26 billion, despite many lawsuits challenging the deal. The discount brokers are taking their final step towards integration, and the mega-deal is not going on without criticism. According to almost identical disclosures …

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Stock markets and risk factors

China Passed the Controversial Hong Kong Security Law

On Thursday, stocks in the Asia Pacific were mixed due to mounting tensions between the U.S. and China. Tensions affected investor sentiment. Interestingly, Japenese stocks reached the best results among the major regional markets. For example, the Nikkei 225 added 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing soared 3.7%. At …

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Asian currencies remain Low. What about the U.S. dollar?

Asian currencies remain Low. What about the U.S. dollar?

Asian currencies fluctuated on Thursday due to the rising Sino-U.S. tensions and optimism over recovering global growth. On the other hand, the U.S. dollar remained steady. As the U.S. and China continue to exchange scathing comments, the Chinese Yuan remains under heavy pressure. It negatively influences the Antipodean currencies as well. On Wednesday, the Yuan …

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Smartphone giant and crypto exchange

Samsung’s Blockchain Wallet and Crypto Exchange Gemini

The world has become a global village thanks to modern technologies. Moreover, cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others became more popular around the globe. However, the crypto industry has the potential to play a bigger role in everyday life. Recently, South Korean tech giant Samsung made a step forward as Samsung’s Blockchain Wallet …

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Aviation giant and financial problems

Boeing Reduced the Number of Employees by more than 12,000

The aviation industry is struggling to deal with numerous problems associated with the coronavirus pandemic. Once-thriving company Boeing is not an exception. Recently, Boeing laid off 6,770 employees as part of the plan to reduce 16,000 jobs. The company decided to reduce the number of employees due to the rapid decrease in air travel during …

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Chinese Yuan fell on Wednesday. Market is in a risk-off mood

Chinese Yuan fell on Wednesday. Market is in a risk-off mood

The Chinese Yuan collapsed to its lowest point in almost nine months as tensions escalated in Hong Kong. In onshore trading, the Chinese currency declined to 7.1595 per dollar. A seasonal rise in Chinese corporate demand for the greenback also influenced the Yuan, further exacerbating its fall. Chinese companies listed in Hong Kong bought the …

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