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 »
Snapchat is one of the most popular social media platforms in the U.S. and other countries as well. The company that developed Snapchat is working hard to modernize the multimedia messaging app. It makes sense as Snap wants to make sure that it has the capability to compete with other companies. It is worth noting …
Snapchat Wants to Make Life Easier for its Users Read More »
The oil rally was principally a result of the positive market sentiment created by the outlook for fiscal stimulus in the United States and reports regarding covid-19 vaccines’ effectiveness. The optimism damaged the dollar, supporting commodities priced in the US currency. But it seems like the optimism has been declining as traders have been shifting …
The U.S. has the largest economy in the world, but millions of workers across the country are struggling to deal with financial problems. One of the main obstacles is what do with the federal minimum wage. Let’s have a look at the report prepared by the Congressional Budget Office (CBO). Interestingly, the Biden administration wants …
Federal Minimum Wage and its Impact on the Labor Market Read More »
One of the most renounced internet-related service provider giant releases tons of products each year to shut them down and throw them in trash google Cemetery is not an unknown thing: it is a list of dead Google products that used to be loved by millions but now became a part of history. . The …
The Mondays started wonderfully got stock-index futures as they rose y, indicating major benchmarks would build on their strongest week since November. What are major benchmarks up to now? The Dow Jones Industrial Average YM00, 0.44%, rose 141 points or 0.5%. Meanwhile S&P 500 shares ES00, 0.40% riled up 155 points, or 0.4%. NASDAQ-100 …
Stocks point to the biggest weekly rise since November Read More »
Gold prices also served from the harsh tone in the wider financial markets amid a bitter January jobs report. With inflation matters likely to control gold prices for the next couple of weeks, could the yellow metal retest $1,850? April gold futures rose $16.30, or 0.91%, to $1,807.50 an ounce at 15:14 GMT on Friday …
On February 8, risk-sensitive currencies, the Australian and New Zealand dollars, traded water. Moreover, positive market sentiment was weakened by disappointing reports about the efficacy of coronavirus vaccines against new strains of the disease. On Monday, the Australian dollar starting the week slightly lower. However, it increased as much as 0.03%. By midday, the currency …
The Australian dollar rose 0.03%, the Kiwi stood at $0.7199 Read More »
Cuba was struggling to cope with problems even before the coronavirus pandemic. However, the pandemic created even bigger challenges for the local economy. Importantly, the pandemic, as well as U.S. sanctions, introduced by the Trump administration caused a lot of problems for Cuba. The country made an important announcement. According to this announcement, it will …
How Cuba Wants to Save its Economy from Collapse Read More »
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