Thu, May 02, 2024

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Intel logo on SSD Inside a high performance computer.

Intel Teams Up with Crystal Dynamics Game Studio

Intel has teamed up with Square Enix’s Crystal Dynamics game studio. This is to optimize the graphics for the upcoming Avengers game, specifically for PC players. The partnership crops up for graphics card companies like AMD or Nvidia. This deal includes a two-year commitment to continue to support Avengers. Intel largely focuses on the CPU, …

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Japan

Japan’s Longstanding Prime Minister and Stocks in Asia

Stocks in the Asia Pacific were mixed on the last day of August. Interestingly, Japanese stocks led gains among the region’s markets. It is worth noting that, investors are closely monitoring the political situation in the country. Interestingly, mainland Chinese stocks fell on Monday. The Shanghai Composite dropped 0.24% to about 3’395.68. At the same time, the …

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The Japanese Yen and united states dollar

U.S. dollar gained insignificantly. What about the Yen?

The U.S. dollar edged up by 0.1% to 92.356 against a basket of currencies in Europe on Monday. However, the currency is still down 1.2% for the month. Last Thursday, Federal Reserve Chair Jerome Powell outlined an accommodative policy change. Inventors believe that this change could result in inflation moving slightly higher and interest rates …

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The state of Chinese economy

How the World’s Second-Largest Economy Deals With Pandemic

People, as well as companies all over the world, are working hard to deal with the economic impact of the coronavirus pandemic. To have a better understanding of the situation, it is important to learn more about the world’s second-largest economy. Based on the information provided by the National Bureau of Statistics, the official manufacturing …

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The oil pump

Brent Oil Hits 5-month High on Abu Dhabi Supply Cuts

Oil was up in Commodities on Monday, with Brent hitting the highest in five months. It was underpinned by a 30% cut in Abu Dhabi crude supplies.  This encourages Chinese data even as global demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November (LCOc1) advanced to $46.50 …

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Members of the media view an Atlas V rocket

ULA Aborts Launch of Delta 4 Heavy, 3 Seconds to Liftoff

The United Launch Alliance has aborted the launch of the Delta IV Heavy early Saturday morning. That was just 3 seconds to lift off after the engines initially ignited, and then, quickly shut off. An unexpected condition prompted the abort, said ULA. The spacecraft service provider CEO, Tory Bruno, noted the vehicle is in good shape.  …

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Gold bars

Gold’s Gains From Powell Speech Capped by Virus Worries

Gold was up in commodities on Friday morning, due to the U.S. Federal Reserve’s new monetary policy. However, overshadowing this positive, there was data suggesting a COVID-19-induced economic slump. Gold futures were up 0.80% at $1,948. Fed Chairman Jerome Powell unveiled the central bank’s new monetary policy strategy. This was during his speech at the …

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Inflation

How Coronavirus Pandemic Affected the U.S. Labor Market

The coronavirus pandemic continues to dominate the headlines, and it is not surprising as millions of people around the world lost their jobs. There are other problems as well. However, unemployment is a very serious issue. Notably, more than 1 million Americans made the decision to apply for unemployment benefits for the first time, for …

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oil

Oil Prices Fall as Hurricane Spares Gulf Refineries

Crude oil prices fell moderately in early trading in New York on Thursday. It appeared that Hurricane Laura would pass through Texas and Louisiana without lasting disruption to the region’s refineries and pipelines. By 9:15 AM ET (1315 GMT), U.S. crude futures were down 0.3%, at $43.23 a barrel. The international benchmark Brent contract fell …

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Forex trading has grown exponentially in South Africa

Forex trading has grown exponentially in South Africa

The coronavirus lockdowns have caused millions of job losses. Lots of people have been forced to eat into their life’s savings to survive. However, the economic crisis caused a surge in the number of active Forex traders in South Africa. Their number has grown exponentially in recent months as people are looking for alternative ways …

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Gap Inc. and interesting details

Salesforce Reported Better Than Expected Results

Salesforce is a famous American cloud-based software company based in San Francisco. This week, the company reported fiscal second-quarter earnings that exceeded expectations. Interestingly, the S&P Dow Jones Indices made the decision to replace Exxon Mobil with Salesforce in the 30-stock Dow Jones Industrial Average on August 31. Let’s have a look at the results. …

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