The Euro continued gaining on Friday, hitting a two-month high. It jumped up by 0.2% to $1.111, reaching its highest point since March 30. The common currency got a boost following the European Commission’s stimulus plan issued earlier this week. After the 750 billion-euro coronavirus recovery fund fuelled optimism about the eurozone economy, the Euro …
The Euro hit new high while the British pound declined Read More »
Costco Wholesale Corporation is one of the largest corporations in the United States when it comes to total revenue. On Thursday, Costco released information about the fiscal third quarter. Interestingly, sales grew in the quarter despite the coronavirus pandemic. However, the stay-at-home orders influenced the growth. Let’s have a look at the results. The fiscal …
Costco’s Sales Increased in the Fiscal Third Quarter Read More »
Russia’s largest bank made the decision to purchase thousands of ATMs with a built-in graphic card capable of supporting “blockchain operations”. The state-owned bank has called for tenders to provide 4,917 ATMs equipped with a graphics card. Interestingly, the most obvious reason to purchase such ATMs is to use them for crypto mining. Let’s have …
Russia’s Largest Bank wants to Purchase Blockchain ATMs Read More »
Oil futures prices climbed by 2% on Thursday. The consistent improvement in US factory activity compensated for the surprise build-up in crude and diesel inventories. On the other hand, some in the market worry that China’s new Hong Kong security law could cause trade sanctions. Brent crude July futures climbed 55 cents, or 1.6%, to …
Higher US refinery rates offset surprise crude build Read More »
Famous automaker acknowledged that it set the bar too high regarding its global ambitions. Renault made the decision to cut the number of employees by 15,000. Moreover, the automaker plans to downsize production as well as restructure plants located in France. Renault was struggling to cope with problems even before the coronavirus pandemic. However, a …
French Carmaker Renault Plans to Change its Business Model Read More »
DoorDash launched a new initiative on Thursday called Storefront. They intend for it to help restaurants create websites. Storefront enables restaurant owners to directly manage online pickup and delivery orders. The coronavirus pandemic has forced restaurants to pause sit-down services. Consequently, more people are now becoming increasingly reliant on delivery platforms like DoorDash, Grubhub, Postmates, …
DoorDash’s Storefront will Help Businesses Create Websites Read More »
The Euro skyrocketed on Thursday. European Union put aside 750 billion euro to help the economies affected by the virus. The plan was approved recently, and such stimulus boosted the currency. The Euro hit an eight-week high of $1.1035, but it soon lowered to $1.1006 due to doubts about delivering the scheme. The U.S. dollar …
Euro surged forward on Thursday. What about the U.S. dollar? Read More »
Hong Kong’s Hang Seng index fell on May 28 to close at 23,132.76. Moreover, stocks in the Asia Pacific were mixed due to rising tensions. Notably, Japenese stocks led gains among the major regional markets. The Nikkei 225 gained 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing jumped 3.7%. In the …
Hong Kong’s Hang Seng Index, Security Law and Stocks Read More »
World-famous multinational conglomerate Samsung is the biggest business group in South Korea. Moreover, it also continues to sell more smartphones than any other company in the world. However, the list of accomplishments is quite impressive. Moreover, the tech giant became an early leader in smartphone Bitcoin and cryptocurrency support. Notably, Samsung introduced the Blockchain Keystore …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDNOK The better than expected conditions of the oil production in Norway is helping bearish investors to rally in sessions. The downward momentum is projected to last until the first half of June and …
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