The coronavirus pandemic continues to dominate the headlines for more than half a year and it is hard to determine, how long it would take to cope with this challenge. In this situation, it is not surprising that investors in different parts of the world are monitoring the situation. Let’s have a look at the …
New Coronavirus Cases in Europe, U.S., and Stocks Read More »
Oil prices dropped on Monday in energy commodities extending last week’s losses. Increasing COVID-19 cases in the United States and Europe raised worries about energy demand. Libya’s fast growing production also weighed on prices. By 0934 GMT, Brent (LCOc1) was down $1.08, or 2.6% at $40.69. U.S. West Texas Intermediate (WTI) fell $1.05, or 2.6% …
Countries in different parts of the world are trying to minimize the damage, caused by the coronavirus pandemic. However, in the case of many countries, it won’t be easy to handle all problems. Unfortunately, it could take years to stabilize the situation. Zambia is also struggling to cope with issues, as the country has only …
The dollar has remained firm in forex exchange on Monday. Coronavirus cases in Europe and the United States have surged. The virus spread and a lack of progress toward a U.S. stimulus package put traders in a watchful mood. On the other hand, the sterling held steady on hopes for a Brexit trade deal. In …
Dollar Firm Despite Virus Spread and Stimulus Stalemate Read More »
It is no secret that airlines are working round the clock to cope with challenges. Moreover, the rising coronavirus cases in Europe and other parts of the world, have the potential to inflict additional damage to the airline industry. For example, American Airlines posted another big quarterly loss. It is not surprising as the coronavirus …
American Airlines Lost More than $2 Billion in the Quarter Read More »
In less than a month, Sony will launch its latest video home video console PlayStation 5. Interestingly, Sony’s new console offers more than gaming. Customers who would like to stream movies and TV shows on Netflix or play music on Spotify will appreciate Sony’s decision. Importantly, its next-generation console will support some of the more …
Sony’s Next Generation Console and New Opportunities Read More »
The world’s largest economy is struggling to cope with problems created by the coronavirus pandemic. Unfortunately, many people from New York to Los Angeles lost their jobs. Moreover, it won’t be easy to replace so many jobs lost in 2020. Hopefully, new filings for jobless claims in the U.S. totaled 787,000 last week. Interestingly, this …
Weekly Jobless Claims in the U.S. and Coronavirus Read More »
Gold was up on Friday morning in Asia’s precious metals despite a stronger dollar. The U.S. presidential candidates President Trump and Democratic candidate Biden made their cases in the final debate. Investors continued to track progress on the latest stimulus measures. By 12:14 AM ET (4:14 AM GMT), gold futures climbed 0.20% at $1,908.35. The …
Gold Up, Strengthening Dollar, Presidential Debate Read More »
The dollar steadied at the end of a poor week in forex exchange on Friday. It shed about a cent against the euro and suffered its largest weekly drop against the yen in a month. Investors began to bet on a Joe Biden presidency and a big U.S. stimulus. In the Asia session, daily moves …
The Coca-Cola Company is a famous multinational corporation headquartered in Atlanta. The company’s third-quarter revenue fell 9% as the coronavirus pandemic affected the demand for fountain soft drinks, Powerade, and Dasani. Nevertheless, the company topped earnings estimates, despite all challenges. The quarter ended on September 25. Let’s have a look at the results to learn …
Coca-Cola’s Third-Quarter Revenue Fell 9% Due to Coronavirus Read More »
Facebook is one of the most popular social media platforms in the world. It is worth mentioning that, Facebook made an important announcement on Thursday. It expanded its dating service to Europe. Interestingly, the purpose of the platform, known simply as “Facebook Dating” is to help users find partners thanks to their common interests such …
Microsoft (MSFT) announced on Thursday its plans to buy alternative jet fuel for some Alaska Airlines flights. This is the company’s latest effort to reduce carbon emissions. This time, it’s those generated by its frequent business travel. The coronavirus pandemic has hurt air travel demand, particularly for lucrative business trips. But even the maker of …
On Wednesday, the International Monetary Fund (IMF) released its latest Regional Economic Outlook report for Asia and the Pacific. This report contains interesting details. Let’s have a look at the report to learn more about the situation. Unfortunately, Asia’s economic contraction this year will be worse than expected. It makes sense as several emerging markets …
Latest Regional Economic Outlook and Risk Factors Read More »
The dollar edged higher in early European forex trade on Thursday. Traders cautiously studied the ongoing negotiations in Washington over a potential new U.S. stimulus package. The Dollar Index was up 0.1% at 92.713 at 2:55 AM ET (0655 GMT). It slightly rebounded after falling to its lowest level since Sept. 2 overnight. Elsewhere in …
Cathay Pacific is the flag carrier of Hong Kong, as well as one of the founding members of the Oneworld Alliance. Interestingly, shares of Cathay Pacific jumped 2.27% on October 21, after the company made an important announcement. Hong Kong’s flag carrier made the decision to close its subsidiary Cathay Dragon. The airline used to …
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