Analysts and investors are closely watching tech giants including Microsoft. This week, the company reported better-than-expected earnings, as well as revenue, for the fiscal second quarter. Its revenue grew by 20% from a year earlier, compared with almost 22% growth in the first quarter. The tech giant’s income jumped by 21% to $18.77 billion. The …
Microsoft Once More Demonstrated its Capabilities Read More »
On Tuesday, the International Monetary Fund (IMF) released its report. The IMF downgraded its global growth forecast for 2022 as rising Covid-10 cases, supply chain disruptions, as well as higher inflation, hamper economic recovery. Its report contains many interesting details about the global economy. The fund said it expects global gross domestic product (GDP) to …
International Monetary Fund Changed its Position Read More »
The situation regarding Ukraine is not ideal, to say the least. President Joe Biden even threatened to impose devastating sanctions on Russia if Vladimir Putin invades Ukraine. Nevertheless, big corporations and business groups are pushing Biden’s administration and lawmakers to be cautious. A trade group representing General Electric, Chevron, as well as other big corporations …
U.S. Corporations Are Trying to Prepare for Sanctions 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 »
Companies across central Europe are trying to adapt to the ever-changing environment. Let’s take for example Czech foundry Benes. The company has seen its energy bill double in 2021 and its finance director is racing to get client contracts rewritten so it can pass on some of the burdens. Thousands of companies across Central Europe …
Companies in Central Europe Are Struggling to Solve Issues 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 »
On Tuesday, oil prices rose, recovering some of the previous day’s losses. Interestingly, oil prices rose as growing tensions over Ukraine and the Middle East fuelled concerns regarding possible supply disruptions. Brent crude futures gained 61 cents or 0.7% to $86.88 a barrel at 07:22 GMT. On Monday, Brent crude futures dropped 1.8%. U.S. West …
What is the Connection Between Oil Prices and Tensions? Read More »
On Tuesday, stocks in Asia-Pacific suffered losses after a volatile session overnight on Wall Street. In Japan, the Nikkei 225 dropped 2.13% as auto and tech stocks were largely down. The Topix declined 2.13%. In Hong Kong, the Hang Seng index fell more than 2% before recovering slightly to decline 1.65%. Australia’s ASX 200 pared …
The state of the labor market is not ideal. For example, jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge hit the labor market. Initial filings for the week that ended on January 15 reached 286,000. The result surpassed expectations. More importantly, the total was the …
Jobless Claims Reached Its Highest Point in Several Months Read More »
Oil prices benefited from tensions around the world. Prices rose on Monday on worries regarding supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East. Brent crude gained 33 cents or 0.4% to $88.02 a barrel by 11:49 GMT. U.S. West Texas Intermediate (WTI) crude added 24 cents or 0.3% to …
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 »
Today’s exchange rate between the Naira and the US dollar closed at N416 per dollar. This represents an increase of 1.2% on the previous day’s rate. The Naira has continued to strengthen against the dollar since June 19. However, the Naira has weakened against the dollar in the unofficial market, closing at N446 today. On …
Exchange rate gains as forex turnover records boost Read More »
Stock futures jumped on Monday morning. They rose, following the S&P 500’s worst week in a long time, more precisely since March 2020, as investors awaited more corporate earnings results as well as a key policy decision from the central bank. U.S. stocks declined on Friday. Notably, the Nasdaq Composite was hit the hardest with …
Stock Futures Strengthened Their Positions on Monday Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
