The world’s largest economy suffered losses due to the coronavirus pandemic, and it is not surprising that investors are closely monitoring the situation that comes from the U.S. Interestingly, stocks in Asia-Pacific traded mixed on Monday. It is worth noting that investor sentiment improved last week around coronavirus vaccine rollouts as well as the negotiations …
Coronavirus Vaccine, Stimulus Package and Stocks in Asia Read More »
Electric cars step-by-step gained popularity across the world. It is not surprising that companies are willing to invest in this business. Interestingly, the UK’s first all-electric car charging station opened on Monday near Braintree in Essex. The company that operates this charging station plans to build more than 100 stations over the next five years. …
First All-Electric Car Charging Station in the UK Read More »
Countries around the world are trying to minimize the damage caused by the pandemic, and it is not an easy task. However, the world’s second-largest economy continues to gain strength, as can be seen from the data. It is worth noting that China’s exports rose at the fastest pace in almost three years in November. …
China’s Exports Rose at the Fastest Pace in Almost 3 Years Read More »
Oil prices fell on Monday as COVID-19 vaccines and OPEC+ deal on oil production cuts were undermined by surging virus cases. They were also further weakened by heightened tensions between the United States and China. By 0911 GMT, Brent crude was down 76 cents, or 1.5%, to $48.49 a barrel. U.S. crude fell 82 cents, …
Oil Down amid Surging Virus Cases, U.S.-China Tensions Read More »
The dollar was on the back foot in forex trade on Monday. Soft U.S. jobs data further strengthened hopes for a fresh economic package. The Sterling eyed last-ditch Brexit talks between the United Kingdom and European Union. The dollar index stood little changed at 90.726. On Friday, it hit a 2 1/2-year low of 90.471. …
Google is working hard to expand its services. Importantly, the tech giant is rolling out five Android features in the coming weeks. Let’s have a look at the new features. Google Play Audiobooks, Voice Access, etc. Moreover, Google is also making Android Auto available in 36 more countries. Let’s start with Google Maps. The tech …
This week, the U.S. Department of Defense added China’s largest chipmaker as well as national offshore oil and gas producer to a blacklist of alleged Chinese military companies. Shares of Semiconductor Manufacturing International Corp (SMIC) fell on Friday. Let’s have a look at stocks in Asia-Pacific before discussing the shares of this company. It is …
Shares of China’s Largest Chipmaker and the Pentagon Read More »
Pfizer Inc cut the number of COVID-19 vaccine doses that it will roll out. By 11:48 PM ET (3:48 AM GMT), gold futures were up 0.26% at $1,845.80. Investors were slowly turning to the safe-haven precious metal. From 1,191.28 tons, holdings of the SPDR Gold Trust fell 0.1% to 1,189.82 tons on Thursday. On the …
Gold Rises on Cautious U.S. Stimulus Hopes, Vaccine Read More »
The unemployment rate in the U.S. was low, but the coronavirus pandemic changed the situation. Unfortunately, millions of people all over the country lost their jobs. This is not the end of the story, as some of them are still out of work. Hopefully, initial jobless-claims applications last week reached their lowest level of the …
Initial Jobless Claims Dropped to the Lowest Level Read More »
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
Global progress toward energy efficiency has slowed to its lowest rate in a decade. Prices were subdued amid the COVID-19 pandemic, the International Energy Agency said on Thursday. Energy intensity is likely to improve by only 0.8% this year. This is a result of the health crisis and continuing low energy prices. That’s roughly half …
Many countries around the world are struggling to cope with the problems caused by coronavirus pandemic. However, in the case of China, the government successfully contained the spread of the virus. Interestingly, most stocks in Asia-Pacific strengthened their positions on Thursday, as investors to the release of a private survey on China’s services sector activity …
This week Salesforce made a very important announcement. According to this announcement, Salesforce is buying chat software developer Slack for more than $27 billion. Importantly, through a combination of cash and stock, Salesforce is acquiring Slack for $26.79 a share and .776 shares of Salesforce. Notably, that comes to about $45.86 a share. It is …
Salesforce To Pay More than $27 billion for Slack Read More »
Australia’s economy was growing for decades, but the coronavirus pandemic changed the situation. Fortunately, the country’s economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades. The local economy recovered from pandemic-related shocks. According to Treasurer Josh Frydenberg, it would take a lot to get the economy back …
Australia’s Economy Grew by 3.3% in the Third Quarter Read More »
The dollar continues to head south in early European forex trade on Thursday. The prompting risk-on trades is caused by optimism over the rollout of vaccines and talk of new U.S. fiscal stimulus. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 90.925. It was trading around levels last seen well …
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