U.S. stock futures mostly gained on Monday after the Dow Jones Industrial Average closed its third positive week in a row at a record. Notably, the rise was due to better-than-anticipated earnings reports. Dow futures advanced 25 points, whereas S&P 500 futures were gained around 0.2%. Futures for Nasdaq 100 were trading up by 0.3% …
U.S. Futures up After Dow Closed Its Third Positive Week Read More »
Twitter CEO Jack Dorsey announced that inflation in the U.S. is going to get considerably worse. On Friday, Jack posted on his Twitter that hyperinflation will change everything and added that it’s happening. Hyperinflation happens when inflation (the rising price of goods and services) increases uncontrollably for a while. Remarkably, it is typically caused by …
Twitter CEO Says U.S. Is Going to Get Considerably Worse Read More »
The U.S. dollar, or the greenback as many people call it, fell on Tuesday. It could not gain momentum, with most major currency pairs little changed as investors waited for major central bank meetings this week. One major bank, the Bank of Canada, meets on Wednesday. European Central Bank and Bank of Japan meetings are …
U.S. Dollar Suffered Losses Ahead of Central Bank Meetings Read More »
The new MacBook Pro community has already seen the light of day. Apple has brought back the best parts of the beloved 2015 MacBook Pro and taken the screen and performance to new heights. Demand for the laptop has increased since the company released the 13-inch MacBook Pro M1 and MacBook Air with chips. MacBook …
On Monday, the Turkish lira fell to 9.85, its another all-time low after President Tayyip Erdogan said he ordered the expulsion of ambassadors from the U.S. as well as nine other Western countries. A combination of problems stoked market volatility and sent Turkey’s sovereign dollar bonds tumbling. After touching the record low against the U.S. …
Erdogan’s Decisions Continue to Affect the Turkish Lira Read More »
The United Kingdom’s economy unexpectedly regained momentum in October. According to a survey on Friday, cost pressures increased by the most in more than 25 years which could encourage the Bank of England to raise interest rates for the first time since the COVID pandemic. Remarkably, the preliminary flash IHS Markit/CIPS flash Composite Purchasing Managers’ …
The UK’s Economy Unexpectedly Regained Momentum in October Read More »
The Food and Drug Administration has approved a virtual reality-based treatment for children with visual impairment or lazy eyes. Patients watch movies and modified TV shows through a virtual reality headset to improve vision. According to Scott Xiao, founder of Luminopia, this is the first digital therapy tool that allows patients to watch their favourite …
VR Treatment for Lazy Eye in Children Receives FDA Approval Read More »
China’s thermal coal futures fell on Friday. They returned in their most critical week in five months. They followed Beijing’s most robust intervention in years to increase the commodity’s supply. This would cool runaway prices amid a widespread power crisis. The most-traded contract on Zhengzhou Commodity Exchange, for delivery in January, scored the lower daily …
After May Government Intervention Coal Prices Slump Read More »
The dollar declined against its rivals on Friday. The greenback is on track for a second consecutive week of decline as news that China Evergrande Group averted a default buoyed appetite for risky assets. Concerns regarding Evergrande sent investors flocking to the perceived safe-haven currencies like the dollar and government debt. It is not hard …
U.S. stock futures were muted today morning after weak earnings reports from technology companies. Futures of the Dow Jones Industrial Average surged 6 points. Meanwhile, S&P 500 futures and Nasdaq-100 futures both witnessed declines. Shares of Intel recovered more than 8% after hours following a weaker-than-anticipated sales report. The semiconductor firm blamed an industry-wide chip …
U.S. Stock Futures Changed After Weak Earnings Reports Read More »
Putin told Russians to take a paid week off work to attempt to fight the current pandemic crisis in the country, as the number of daily deaths hit its highest level since the beginning of the pandemic. On Wednesday, the President announced that to prevent more spread of the Covid virus and defend public health, …
Putin gives Russians a paid week off due to Covid deaths Read More »
Oil caught a three-year high of over $86 per barrel on Thursday inspired by tight supply and a global energy crunch. However, prices reduced as some investors took profits on signs the rally was looking overstretched. Serving to drive the latest gain, a supply report from the U.S. Energy Information Administration on Wednesday conferred crude …
The S&P 500 advanced on Wednesday for a sixth day as investor sentiment was raised by better-than-anticipated earnings reports and a new record for the dominant cryptocurrency, Bitcoin. The Dow Jones Industrial Average (DJIA) increased by 100 points or 0.02%. Meanwhile, the S&P 500 soared 0.2%. Meanwhile, the Nasdaq Composite declined by 0.05%. Bitcoin climbed …
S&P 500 surges after better-than-expected reports Read More »
The latest news showed that the Bank of England will be the first major bank to raise interest rates in the post-pandemic cycle. However, according to economists polled by Reuters, the first hike will now come until early next year. Like its peers, the Bank of England cut borrowing costs to a record low as …
Bank of England to raise interest rates to 0.25% Read More »
Risk-sensitive currencies slipped from multi-month highs on Thursday after their rally on strong raw material prices was sideswiped by sudden selling against the Japanese yen, in what traders described as inevitable profit-taking after a long rally. The Australian dollar dropped 0.2% against the U.S. dollar. Earlier in the day, the Aussie reached a 3 1/2 …
Australian Dollar Fell Against the U.S. Dollar and Yen Read More »
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