Google is one of the most famous tech companies in the world and millions of people around the world are using its services and products on a daily basis. However, even for the tech giant, it is not always easy to deal with challenges. The company made an important announcement on Friday. According to the …
Millions of people across the country lost their jobs due to the problems caused by the coronavirus pandemic. Unfortunately, some people are still out of work and it won’t be easy to solve this issue in a short period of time. Based on the information provided by the Labor Department, jobless claims totaled 900,000 for …
Coronavirus and its Impact on Weekly Jobless Claims Read More »
According to the latest news, EUR/USD is trying to get back above the resistance at 1.2130, while the United States dollar is losing ground versus a basket of other currencies. The greenback index fell below the support at the 20 EMA at 90.35. The American currency is slowly moving towards the 90 level. Significantly, if …
The dollar fell below the support at the 20 EMA at 90.35 Read More »
The agricultural commodity fell, notwithstanding the Russian government announced its intention to increase its export tax on wheat for a second time. This is important news for the grains market. Russia is one of the leading suppliers of wheat, and US production is projected to tighten in the following months. Can wheat quickly test the …
Wheat Drops Notwithstanding Russia Increasing Export Tax Read More »
This week, Joe Biden was inaugurated as the 46th president of the U.S. He took the oath of office at the U.S. Capitol. Interestingly, shares in major Asia-Pacific markets saw gains on the day after stocks on Wall Street jumped to record highs as Biden was sworn into the office. Let’s have a look …
The coronavirus pandemic created a lot of challenges in 2020 and the pandemic continues to dominate the headlines even in 2021. Unfortunately, it affected millions of people around the world. Moreover, it won’t be easy to solve all issues caused by the pandemic in a short period of time. Hopefully, public as well as private …
The aviation industry suffered heavy losses in 2020 and it could take several years to return to pre-coronavirus levels. Airlines are working hard to adapt to the ever-changing environment. The International Airlines Group (IAG) had agreed to buy Spain’s Air Europa for 500 million euros ($606.7 million). Interestingly, the coronavirus pandemic cut the price in …
Stocks in major Asia-Pacific markets were mostly higher on January 20, but before discussing stocks, let’s have a look at the shares of world-famous tech giant Alibaba. It is worth noting that, Hong Kong-listed shares of Alibaba jumped 8.52% following the reappearance of founder Jack Ma. As a reminder, the company’s founder appeared in a …
Shares of Chinese Tech Giant Alibaba Jumped More than 8% Read More »
According to the latest news, the British pound declined against a strengthening euro. It increased against a weaker U.S. currency ahead of U.S. Treasury Secretary nominee Janet Yellen’s testimony before Congress. The U.S. dollar declined, giving the British pound a lift of 0.1% to $1.3601. The euro strengthened on the weakening greenback however it dropped …
British pound declined against a strengthening euro Read More »
YouTube is popular all around the world. It is not surprising that it has the ability to influence many aspects of the modern world. Importantly, the world’s largest video platform made an important decision. YouTube decided to extend its suspension of President Donald Trump’s channel for another week. As a reminder, this decision comes after …
Thanks to rising foreign demand and more cutting supplies, soybean prices had been trading at their most favorable levels in almost seven years. Is this a case of a simple near-term drop or a part of a larger downward trend for the commodities sector? March soybean futures fell $0.1975, or 1.39%, to $13.97 per bushel …
Soybean Drops Under $14 As Investors Gain Profit Read More »
North Korea is one of the most if not the most isolated countries in the world. It has retained this status for decades. It is worth noting that, North Korea is struggling to deal with various challenges. As a reminder, the state of the local economy was far from being ideal even before the coronavirus …
The yellow metal is getting off a weekly loss as bullion prices hit a strengthening US dollar. Gold was also affected by President-Elect Joe Biden’s stimulus, and relief spending plans that investors think lawmakers will not allow a large portion. In these unsettled times, where is the precious metal directed? February gold futures turned on …
Stocks in Asia-Pacific were mixed on Monday, but before discussing stocks from across the region, let’s have a look at the shares of firms related to Samsung Group. Importantly, Samsung heir Jay Y. Lee received a 2-½-year jail term. This news affected the shares of the firms related to the group. Importantly, industry heavyweight Samsung …
Investors, Chinese Economic Data, and Stocks on Monday Read More »
The precious metal’s fall was increased by producer prices growing less than anticipated. But gold prices may have narrowed their losses following the Federal Reserve announced that it would not be exiting from its accommodative monetary management strategy anytime soon. February gold futures plunged $23.60, or 1.27%, to $1,827.80 per ounce at 15:39 GMT on …
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