The coronavirus pandemic continues to dominate the headlines for more than 9 months. Unfortunately, the pandemic is not over yet, and people should be aware of this fact. It is worth noting that, stocks in Asia-Pacific fell on December 22, as a new coronavirus strain in the U.K. affected investor sentiment on Wall Street one …
New Coronavirus Strain in the U.K. and Investor Sentiment Read More »
A cryptocurrency mining company made an interesting announcement on December 21. It is worth mentioning that, Riot Blockchain signed another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. Let’s get back to the announcement. According to the information provided by the company based in Colorado, it expects that the new purchase will contribute …
Cryptocurrency Company Riot Blockchain Invested $35 Million Read More »
The U.S. economy suffered heavy losses due to the coronavirus pandemic. Millions of Americans are struggling to cope with problems. Hopefully, Congress passed a huge coronavirus relief and the government spending package on Monday. Interestingly, Congress as well Senate approved the more than $2 trillion legislation in votes that dragged late into the night. Congressional …
Coronavirus Relief Package and the State of the U.S. Economy Read More »
Tech giants have to deal with numerous challenges. Interestingly, a group of famous tech companies including Microsoft, Cisco, Google, have filed an amicus brief in support of Facebook’s legal action against NSO Group according to the statement released by Microsoft. As a reminder, Facebook-owned WhatsApp sued the spyware vendor in 2019, alleging that its software …
The euro was down 0.31% and stood at $1.2209 at 0802 GMT. Meanwhile, the sterling was losing 0.33% at $1.3422 after a 2.5% decline during the previous trading session. Furthermore, the British sterling was also flat at 90.95 pence versus the euro after sustaining heavy losses amid the transport crisis on Monday. According to Ulrich …
New virus strain weighed on the euro and sterling Read More »
The yellow metal had been wavering within positive and negative territory during the session as financial markets weigh the U.S. COVID-19 stimulus package, the new COVID-19 strain in the U.K., and a strengthening U.S. dollar. January gold futures fell $1.80, or 0.21%, to $1,884.70 per ounce at 16:49 GMT on Monday on the New York …
Gold Fights For Direction Within U.S. Fiscal Stimulus Read More »
Cryptocurrencies gained popularity around the world, as more and more people are willing to invest in Bitcoin, Ethereum as well as other cryptocurrencies. It is desirable to have at least some knowledge about the crypto market capitalization. The market capitalization applies as much to stock markets as it does to cryptocurrencies and blockchain projects. Importantly, …
Interactive Brokers has asked the European clients to migrate their accounts to its subsidiary in Hungary. Interactive Brokers Headquarters is in Connecticut and the new subsidiary is called the Interactive Brokerage Central Europe Zrt (IBCE). The brokerage is sending emails to its clients across Eastern Europe seeking their approval on the migration. They want them …
Interactive Brokers Wants Its Clients to Migrate to Hungary Read More »
It was an interesting day across Asia-Pacific. Importantly, stocks were mixed on December 21, as the coronavirus situation in parts of North Asia remains quite complicated. Let’s start with mainland Chinese stocks. The Shanghai Composite added 0.76% to 3,420.57. In the meantime, the Shenzhen Component gained 2.026% to end its trading day at 14,134.85. It …
U.S. Congress, Coronavirus in North Asia, and Stocks Read More »
Recently, Russia’s second-largest bank VTB Bank piloted a new blockchain-based system to issue bank guarantees. It is worth mentioning that, VTB Bank provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider MTS. People should take into account that, the bank issued MTS a guarantee for the fulfillment of payment obligations worth …
Russia’s Second-Largest Bank and a Blockchain-Based System Read More »
International Business Machines Corporation (IBM) made an important announcement. According to this announcement, it acquired Norwegian cloud consulting services provider Nordcloud for an undisclosed sum. The company wants to gain an advantage in the increasingly fierce cloud wars. The history of Nordcloud dates back to 2011. The company is based in Helsinki, Finland. It is …
IBM Acquired Norwegian Cloud Consulting Services Provider Read More »
China has the second-largest economy in the world and this fact underlines the significance of its economy. Importantly, China’s manufacturing recovery, fuelled in part by demand from COVID-constrained from abroad, surpassed expectations in 2020. Moreover, factories are struggling to find employees to deal with mounting orders. Interestingly, China’s output of industrial robots, computer equipment, as …
China’s Manufacturing Sector Benefited from Strong Demand Read More »
Soybean prices rose to end the trading week on increasing foreign demand and worries about South American weather and domestic inventories. If market estimates are correct, soybean could affect the commodities growth in 2021. January soybean futures ended the Friday trading session up $0.2075, or 1.73%, to $12.22 per bushel on the Chicago Board of …
Soybean Rises To Six-Year-High On Foreign Demand Read More »
The U.S. dollar increased from two and a half year lows as uncertainties about an agreement on U.S. coronavirus aid and Brexit trade negotiations deflated investor confidence. On Friday, the U.S. congress seemed unlikely to agree on $900 bn in new coronavirus aid. They may pass a third stopgap spending bill to keep the government …
The dollar increased from two and a half year lows Read More »
When you are not immersed in the world of finance all the time, it is sometimes difficult to know the difference between a trader and a broker. While both are involved in buying and selling securities, we will highlight the differences while focusing on their respective incomes. What is a Broker? A broker is an …
Difference Between Trader and Broker: Who Makes More Money? Read More »
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