On Wednesday, the euro climbed for a third straight day from a 20-month low last week. The euro rose on Wednesday after inflation in the eurozone hit a new record high, signaling that the European Central Bank’s aggressive monetary policy is starting to bear fruit. The single currency was trading at 1.1411 francs in early …
Google parent Alphabet announced a 20-for-1 stock split on Wednesday, which would create a stock currently valued at around $US1,050. On the news, Alphabet shares closed at $US1,082.50, up around 3%. Alphabet is the parent company of Google, which is the world’s most valuable company. Shares in the company were on a tear in 2017, …
Google parent Alphabet reveals a 20-for-1 stock split Read More »
The dollar fell again, while the British pound and Aussie gained and recovered from an overnight drop. On Tuesday, the U.S. dollar fell while risk-sensitive currencies such as the Australian dollar recovered and the British pound rose. The Australian dollar recovered against its U.S. counterpart after the greenback dropped to its lowest level in almost …
China has assigned some cities and entities for trial blockchain applications, highlighting Beijing’s importance to this technology. China has named the areas where it will carry out its first government-backed blockchain trials. The move follows a government crackdown on cryptocurrency, banned in the country. Moreover, the trials are part of a wider initiative to boost …
Spotify will add content advisories to any material mentioning Covid. The company will direct its users to public health sites for additional information. On Sunday, the audio streaming giant said it would add content advisories to anything mentioning Covid. Spotify faces adverse reactions to its decision to air the famous podcast “The Joe Rogan Experience.” …
Spotify to add content advisory when podcasts mention Covid Read More »
Monetary policy and other changes affected the overall image of the Dollar and other assets. Economic data appeared to take a back seat, with a more hawkish than expected Fed considering heavily riskier assets, affecting Dollar. It turned out to be a busy week on the economic calendar, ending 28th January. A total of 58 …
Monetary Policy Left the Kiwi and Aussie Dollar in Red Read More »
Apple’s iPhone market share in China beat a record high in the fourth quarter last year. The iPhone maker is reclaiming that China is the number one spot for the first time in six years. According to Counterpoint Research, the Cupertino giant had 24% of the market, and sales rose 31% in the December quarter. …
Apple’s Number 1 spot is China hitting record high in sales Read More »
After rebounding to a four-year high, the yuan faces stiff resistance from a Fed-driven dollar. The Chinese currency faces increasing headwinds. PineBridge Investments says the yuan is on track to test 6.25% for the first time since August 2015 due to China’s current-account excess. Mobius Capital Partners LLP doesn’t dismiss a move to 6.21 this …
Yuan to Confront with Resurgent Dollar as China Stands Back Read More »
Tesla reported positive quarterly results while experiencing supply chain issues. Thanks to strong demand for its electric vehicles, the electric carmaker reported better-than-expected quarterly results on Wednesday. Tesla also reported a massive jump in sales of its semi-trucks. But Musk said that the temporary supply chain issue would continue this year. Shares dropped around 5% …
Tesla beats on revenue, experiencing supply chain issues Read More »
The dollar rose to multi-week highs against other currencies on Thursday with the possibility of rate hikes. It appeared supported by the prospects for quicker and more significant interest rate hikes in the months ahead. As London trade opened, the dollar index maintained its highest levels since December. The euro declined at two-month lows of …
Dollar floats as markets brace for faster rate hikes Read More »
YouTube CEO Susan Wojcicki said that the company would expand to support creators capitalize on new technologies like NFTs. In her annual letter, Wojcicki wasn’t clear about YouTube’s plans. But she said that the popular video site would keep up with the current hype. Wojcicki talked about crypto, NTFs, and even decentralized autonomous organizations (DAOs). …
YouTube CEO says the company has plans to capitalize on Web3 Read More »
The Nigerian Naira strengthened by 0.01% traded against the US dollar at I&E. This result came after the Naira closed the week at a session on Thursday at N304.95 to the dollar. Meanwhile, a speech by the European Central Bank affected the Euro. Analysts expect it to be hawkish this week which may also fuel …
Low Forex Trades supported Naira by 0.01% at I&E Read More »
NetEase has opened another gaming studio in Japan as the company continues to expand overseas. The new studio will work on online games and mobile games, much like the company’s existing operations in Asia, Europe, and North America. The Japanese studio will focus on working with Japanese developers and is the second such office for …
Chinese NetEase to open another gaming venture in Japan Read More »
The dollar rose to a two-week high against a basket of major currencies on Monday. Investors sought haven assets following hawkish comments from Federal Reserve officials. Fed raised concerns about an escalation in the Ukraine crisis. The dollar index, which measures the greenback against a basket of six major peers, was up 0.4% at 95.842 …
The dollar keeps rising while tensions in Ukraine grow Read More »
The metaverse ecosystem is changing rapidly. The metaverse is a collection of online communities and services that allow you to engage with others in a shared virtual world. You can meet new people, socialize, share experiences, and also explore new ideas and interests. So, the metaverse is a platform for communities to come together, share …
Blockchain metaverse ecosystem and digital experiences Read More »
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