On Wednesday, Target reported fiscal third-quarter results that surpassed expectations. The company won market share by turning shoppers’ pandemic habits into lasting gains. Based on the information provided by the company, it grabbed market share across all of its core categories. Importantly, year to date, the discount retailer won $6 billion in market share, with …
Global container shipping rates have surged to records. A spike in restocking demand in the US and Europe. Container scarcity at export hubs causes rates to soar. Moreover, the changes in freight flows, because of the coronavirus pandemic, shipping sources said. The Freightos Baltic Global Container Index (FBX) increased to $2,359 per forty-foot equivalent (FEU) …
Tesla is one of the most famous electric car manufacturers in the world. The Palo Alto-based company has the potential to reach formidable results. It is worth mentioning that Tesla got a spot on the S&P 500. Interestingly Tesla will be added to the S&P 500, a milestone that will expand its investor base. Moreover, …
Tesla Will be Added to S&P 500 in the Nearest Future Read More »
Millions of people across the U.S. and elsewhere lost their jobs. Moreover, some of them are still out of work. Hopefully, U.S. retail sales increased in October. However, retail sales missed expectations. However, this is not the end of the story. Retail sales could slow further, affected by rising new Covid-19 infections and declining household …
U.S. Retail Sales, Economy, and Commerce Department Read More »
The yen sat near a one-week high in forex and a steady U.S. dollar held commodity currencies in check. Worries about the growing number of virus cases tempered optimism around promising vaccine trials. At 104.14 per dollar, the Japanese currency has regained more than half of the losses it suffered last week. That was after …
Yen Recovers as Looming Winter Chills Vaccine Hopes Read More »
The world’s second-largest economy continues to recover from the damage caused by the coronavirus pandemic, and this fact once more underlines the strength of the country’s economy. Interestingly, China’s factory output rose faster-than-expected in October. According to the National Statistics Bureau, industrial production grew 6.9% in October from a year earlier. People should take into …
Google Maps is a very popular web mapping service developed by Google. Recently, the tech giant announced several improvements for its popular mapping service. Let’s have a look at the improvements. For example, updated to its COVID overlay, as well as takeout ordering features and real-time crowdedness information for public transport. According to the tech …
Tech Giant Announced Several Improvements for Google Maps Read More »
Goldman Sachs analysts maintain their bullish outlook for gold through 2021. In a report released this Friday, the investment bank said it would keep its 2021 gold target price of $2,300 an ounce as the world economy balances on the positive news of potential vaccines for the Covid-19. Goldman Sachs economists expect to see a …
Companies in different parts of the world are working hard to create an effective coronavirus vaccine. Recently, Moderna released the information that helped to boost its shares. On Monday, shares of Moderna added 9.58% to $97.95. It is worth noting that shares of the company hit a new 52 week high. The previous record was …
Shares of Moderna Reached a new 52-Week High on Monday Read More »
The coronavirus pandemic created a lot of problems for various businesses. Moreover, the pandemic is not over yet and it is hard to determine how long it would take to improve the situation. As a result, when it comes to forex trading people should pay more attention to the pandemic and its impact on trading. …
Coronavirus Pandemic and its Impact on Forex Trading Read More »
It was a positive day for stocks in Asia-Pacific, after China and 14 other countries located in the region signed a deal that formed the world’s largest trade alliance. It is worth mentioning that, the trade deal signed on November 15, aims to gradually reduce tariffs across many areas. People should take into account that …
Millions of people around the world like to play video games. Interestingly, Microsoft and Sony both released new video game consoles several days ago. Importantly, it offers $500 Xbox Series X and $300 Series S. Its rival Sony has two models of Playstation 5, starting at $400. As a reminder, the last generation of consoles …
How Microsoft and Sony Plan to Generate More Revenue Read More »
There is no lack of trade agreements in the world. Last week more precisely, on Sunday, China and 14 other countries signed the world’s largest trade agreement. This deal will further strengthen China’s political and economic influence in the region. The signing cemented the Regional Comprehensive Economic Partnership (RCEP) as the world’s largest trading block. …
Importance of the World’s Largest Trade Agreement Read More »
Oil prices climbed in energy commodities on Monday, recouping some losses from the previous session. Hopes that OPEC+ will hold current output curbs are offsetting concerns over weaker fuel demand due to the virus resurgence. In addition to the growing coronavirus infections is the higher production in Libya. Numbers showing a rebound in China and …
The dollar was down on Monday morning in Asia’s forex exchange. The ever-increasing number of coronavirus cases are counterbalancing hopes for a vaccine that works. Once available, it can kickstart the economic recovery from the virus. On Sunday in Asia, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP) trade deal. The agreement stimulates investors’ …
Dollar Down as COVID-19 Cases Continue to Rise Globally Read More »
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