The British pound declined below $1.38 versus the greenback. However, it was steady versus the euro in early London trading on Friday. The moves came as data revealed that the United Kingdom’s economy suffered a record slump in 2020. However, it increased in the last quarter. Britain’s economy declined by 9.9% in 2020, which is …
The pound declined below $1.38 against the dollar Read More »
Social media networks are working hard to remove content that violates their policies. However, it is quite hard to cope with such posts due to the scale of the problem. Hopefully, Facebook is trying to tackle this issue. This, the social media giant released a new moderation transparency report. Let’s have a look at the …
How Facebook is Trying to Deal with Dangerous Content Read More »
The U.K. has one of the largest economies in Europe as well as around the world. However, even for the U.K., the coronavirus pandemic created a lot of challenges. It won’t be easy to solve all problems in 2021, as it would take time to return to pre-coronavirus results. Unfortunately, the country’s economy contracted by …
On Thursday, PepsiCo reported fourth-quarter earnings, and let’s have a look at the details. Interestingly, the company surpassed expectations fueled by pandemic snacking and higher sales of drinks like Gatorade Zero as well as Bubly sparkling water. Pepsi is one most recognizable brands in the world. It is worth noting that, on the heels of …
Metals were more vital after yesterday’s unexpected inflation data in the United States. While the title Consumer Price Index increased by 0.3% in January, as was exacted, the underline CPI was low, whereas analysts had foretold a 0.2% gain. The flat inflation reading implies that the US economy needs an extra boost to improve the …
Metals Increase Throughout Thursday`S Quiet Trading Read More »
Social media networks gained popularity all over the world, and it is hard to imagine everyday life without Facebook, Twitter, etc. However, the popularity of social media networks created additional challenges for governments. It is worth noting that Twitter has refused an order from the Indian government to block individual accounts. This includes accounts of …
Freedom of Expression, Twitter, and the Indian Government Read More »
Climate change is one of the most discussed topics all over the world. It won’t be easy to solve this issue in a short period of time. As a reminder, the oil industry is crucial for many countries. According to a new report, oil and gas producing countries face a multi-trillion-dollar hole in their government …
Oil-Producing Countries, Climate Change, and Economy Read More »
On February 11, the U.S. dollar traded near two-week lows on a holiday-thinned Asia session. Furthermore, soft U.S. inflation and FED’s promise to keep rates low reinforced anticipations of meager returns from the reserve currency. The risk-sensitive currency, the Australian dollar, stood below a two-week low hit overnight. Meanwhile, the euro stood at $1.2119, close …
The Dollar Stands Near Two-Weeks Low, the Pound Boosted Read More »
It was not an easy period for carmakers. However, General Motors reported fourth-quarter earnings that surpassed Wall Street expectations. Nevertheless, the automaker warned that a global semiconductor chip shortage could cut its earnings by $2 billion in 2021. It is worth noting that, carmakers, as well as parts suppliers, began warning of the shortage in …
General Motors Exceeded Wall Street Expectations Read More »
In 2020, millions of people all over the world started to work from home due to the coronavirus pandemic. Moreover, companies are working hard to cope with challenges. Interestingly, Salesforce is joining other famous companies from Silicon Valley in announcing a significant shift in how it allows its employees to work. Based on the information …
Cloud Computing Company Salesforce and Coronavirus Read More »
A lower dollar added to the crop’s substantial rally. Without a meaningful injection of new supply, how much larger can soybean prices go this year? March soybean futures rose $0.185, or 1.33%, to $14.0625 per bushel at 14:12 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybean prices flatted last week, but they …
Soybean Surpasses $14 Within Bullish Usda Report Read More »
The coronavirus pandemic caused a lot of problems for the world’s largest economy. Unfortunately, the pandemic is not over yet and it won’t be easy to solve all issues in a short period of time. People all over the country are trying to cope with the situation. Lawmakers from both parties understand the importance of …
U.S. Economy, Stimulus Checks, and Interesting Details Read More »
Risk-sensitive currencies, the Australian and New Zealand dollars, consolidated recent gains on February 9. Furthermore, a run of upbeat domestic data kept bold yields raised, while optimism on the global outlook declined the greenback. Improved market sentiment and optimistic economic surveys shifted the risk-sensitive currencies to multi-week highs. The Australian dollar increased by 0.32% and …
The Australian and NZ dollars rose to multi-week highs Read More »
It was an interesting day, as stocks in Asia-Pacific mostly advanced on February 9 with mainland Chinese stocks leading gains. However, European stocks closed slightly lower on Tuesday as the rally that’s seen global stocks nudging to record highs appeared to be cooling. It is worth noting that, the benchmark Shanghai Composite added 2.01% to …
According to the latest news, the British pound reached its highest level versus the U.S. dollar since April 2018. The sterling was trading below eight-month highs versus the euro on February 9. Analysts say that the United Kingdom’s lead in coronavirus vaccinations was a positive for the currency. The British currency reached $1.3788 versus the …
The pound hit its highest level versus the dollar since 2018 Read More »
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