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 »
BNP Paribas is one of the major banks not only in France but around the world as well. This French bank has a rich history. Interestingly, the world’s one of the largest banks reported earnings. It is worth mentioning that, BNP Paribas surpassed expectations. Importantly, the bank reported a net income of 1.59 billion euros …
World’s One of the Largest Banks and its Results in the Q4 Read More »
It was a great quarter for the image-sharing platform. Interestingly, like other online platforms, Pinterest benefited from an uptick in e-commerce advertising during the holiday season. Based on the information provided by the company, revenue rose 76% year-over-year in the fourth quarter. It is worth noting that, Pinterest had 459 global million monthly active users …
Pinterest Benefited from a Strong Holiday Season Read More »
Natural gas prices caught a breather on Wednesday after a meteoric rise earlier in the week. Now that the weekly inventory data is out of the way, investors could be focusing on the weather again. Especially with Arctic temperatures assumed to blanket North America and Europe for the following 14 days. Could this be the …
Natural Gas Posted Modest Gains Matching Estimates Read More »
The U.S. dollar witnessed its best weekly gain in three months on February 4. The American currency was lifter by rising confidence that the U.S. economy rebound will outpace global peers. The dollar index was close to the two-month high hit overnight amid signs of resilience in the labour market, with closely observed nonfarm payroll …
The U.S. dollar saw its best weekly gain in three months Read More »
The world’s largest economy suffered serious losses in 2020 and it is not surprising as the coronavirus pandemic affected many industries. Unfortunately, millions of people across the country lost their jobs in 2020, and some of them are still looking for a job. It won’t be easy to solve this problem in a short period …
Jobless Claims Fell to the Lowest Point in Two Months Read More »
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