Nigeria is the most populous country in Africa, as well as the largest economy. Moroever, Africa’s largest economy has a huge potential when it comes to cryptocurrencies. It is worth mentioning that, peer-to-peer (P2P) Bitcoin volume in Nigeria continues to rise. The country remains a bastion for crypto adoption. The country ranks second only to …
Darden Restaurants is a multi-brand restaurant operator based in Florida. On Friday, the company quarterly revenue missed expectations, as another wave of pandemic-related dining restrictions affected its same-store sales. The parent company of Olive Garden expects sales to decline even further in the next quarter, plunging 30% to 35%. Interestingly, shares of the company fell …
Darden Restaurants and its Fiscal Second-Quarter Net Income Read More »
On Friday, the U.S. dollar consolidated losses after a week of falls that pushed it to its lowest in two and a half years. The dollar index increased by 0.1% on the day to just short of 90. However, remained on track of a decline of above 1% over the week. Significantly, on December 17, …
Natural gas prices also disappointed to capitalize on a major snowstorm – nor’easter – directing the northeast part of the US that could spillover south. It had been considered that natural gas would keep the momentum with these improvements. However, investors may have taken advantage of the larger prices and sold the gains. January natural …
Natural Gas Prices Drop Despite Bigger Supply Drawdown Read More »
Google, as well as other tech giants, are working hard to offer new services and products. This week, the executive arm of the European Union (EU) conditionally approved Google’s $2.1 acquisition of Fitbit. It is worth noting that, the European Commission set out several commitments that Google must follow over the next 10 years. According …
European Union approved Google’s Fitbit with some conditions Read More »
Poverty is a serious challenge not only for developing countries but for the developed countries as well. Unfortunately, people are struggling to deal with financial problems. It is worth mentioning that, nearly 8 million Americans fell into poverty since June. This is due to a combination of rising coronavirus cases as well as dwindling federal …
Bitcoin is one of the most if not the most well-known cryptocurrencies in the world. On Wednesday, bitcoin’s price surpassed $20,000 for the first time in history. According to crypto enthusiasts, the demand from institutional investors helped to boost the price of the world’s most valuable cryptocurrency. It is worth noting that, bitcoin traded 5.6% …
Bitcoin Made a History as Price Surpassed $20,000 Read More »
Oil prices hit a nine-month high on Thursday in energy commodities. This came after government data showed a fall in U.S. crude stockpiles last week. Progress towards a U.S. fiscal stimulus deal and strong Asian demand also supported prices. At 0436 GMT, Brent crude futures rose 45 cents, or 0.9%, to $51.53 a barrel. U.S. …
Oil Hit a 9-month High after U.S. Crude Stock Draw Read More »
The offshore yuan quickly lost an advance after hitting 6.5 per dollar. This level could be a new line for a currency set to climb for the third quarter. The yuan traded in the overseas market lost a gain of as much as 0.2% within 30 minutes. This came after the currency hit 6.5 in …
Yuan Reversal New Line of Resistance 6.5 per Dollar Read More »
It was an interesting day, for the stocks in Asia-Pacific. Interestingly, stocks were mostly higher on Thursday, as investors reacted to the latest announcements from the U.S. Federal Reserve. Let’s start with mainland Chinese stocks. Importantly, mainland Chinese stocks strengthened their positions on December 17. The Shanghai Composite advanced 1.13% to 3,404.87. In the meantime, …
How U.S. Federal Reserve Affected Investor Sentiment Read More »
Brokereo Review: The Broker of a New Generation If you have been searching for the review that will help you make one of the most important decisions in your trading career – you came to the right place as our priority is to provide you with enough information to make the most calculated choice possible. …
The National Aeronautics and Space Administration (NASA) is one of the most famous space agencies in the world. On Wednesday, NASA made an important announcement. According to the announcement, one of Canada’s astronauts will be sent around the moon as part of the partnership between NASA and the Canadian Space Agency (CSA). It is worth …
NASA, Canadian Space Agency, and a Historic Achievement Read More »
The U.S. economy suffered losses due to the coronavirus pandemic, and unfortunately, the pandemic is not over yet. It is worth mentioning that, U.S. retail sales fell more than expected in November, weighed down by the number of coronavirus cases. As well as decreasing household income. People should take into account that, retail sales declined …
U.S. Retail Sales, Coronavirus Pandemic, and Challenges Read More »
The U.K.’s Financial Conduct Authority (FCA) made an important as well as timely decision. The regulator issued temporary regulations to crypto companies that have already submitted applications, but the regulator was not able to process all applications. Let’s have a look at the announcement. This decision will allow the companies to continue trading for an …
Financial Conduct Authority and Crypto Companies Read More »
It was a tough day for China’s largest chipmaker, but before discussing the shares of SMIC, let’s have a look at the stocks in Asia-Pacific. Interestingly, stocks in Asia-Pacific were higher on Wednesday, after an overnight bounce on Wall Street as optimism grew over the possibility of more stimulus. Let’s start with Japan. The Nikkei …
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