The U.S., the world’s largest economy, is struggling to cope with the economic impact of the coronavirus pandemic. Thankfully, first-time jobless claims fell below 1 million for the first time since mid-March. This means the labor market is continuing its recovery from the coronavirus pandemic. Interestingly, there were total claims of around 963,000 for the …
First-Time U.S. Weekly Jobless Claims Fell Below 1 Million Read More »
The dollar climbed up on Friday, supported by strong U.S. jobs data and firmer global demand for safe-havens amid concerns about the coronavirus recovery. However, moves were modest in the Asian session as investors awaited Chinese trade data. They expect the data to show a rise in industrial output and a solid rebound in retail …
The U.S. Dollar Edged Up Against the Aussie and Kiwi Read More »
Liam Porr, a College student, used the language-generating AI tool GPT-3 to create a fake blog post. This recently landed in the No. 1 spot on Hacker News. Porr demonstrated that the content produced by GPT-3 could fool people into believing it was written by a human. He said it was very easy which was …
Silver consumption in India, the country with the highest demand for the metal in the world, will be cut in half this year. This is the result of the dangerous state of its economy, especially in rural areas. On the other hand, the metal’s current price will force many citizens to postpone their purchases. According …
Stocks in the Asia Pacific mostly traded higher on Friday. However, investors are closely monitoring the situation related to the coronavirus stimulus bill. Importantly, investors remained cautious after lawmakers in the U.S. seemed unable to reach a coronavirus stimulus bill. In Japan, the Nikkei 225 gained 0.17% to 23,289.36. At the same time, the Topix …
Apple has removed Fortnite, Epic Games’ battle royale game from the App Store. This was after the developer implemented its own in-app payment system on Thursday. The payment system bypassed Apple’s standard 30% fee. This marks a significant escalation in the feud between Epic and one of the world’s most dominant mobile software marketplaces. It …
In 2020, American citizens will have to choose between the current President Donald Trump and former vice president of the country. This month Joe Biden made an important decision, as he announced his running mate. Senator Kamala Harris will be his running mare in the 2020 presidential election. Importantly, Harris shares of the former vice …
The impact of the Covid-19 pandemic on the global economy is changing the behavior of many investors. It is especially visible in the interest of precious metals. Besides, other changes are taking place. For example, the citizens of Egypt have stopped buying gold jewelry and are opting for bullion and coins. According to Al-monitor, a …
Egyptians Put Aside Jewelry and Buy Coins and Gold Bars Read More »
This week, Tencent released information for the second quarter of 2020. As a reminder, the Chinese tech giant is the owner of WeChat. It is worth mentioning that, U.S. President Donald Trump signed an executive order that prohibits any transaction related to WeChat. The executive order comes into effect in September. However, analysts don’t think …
India is the second-most populous country as well as the most populous democracy in the world. It is no small task to conduct elections in such a big country. However, a blockchain-based electronic voting system has the potential to facilitate remote voting. Recently, the Election Commission of India as well as the Tamil Nadu E-Governance …
How Blockchain-Based Voting Systems Can Help India Read More »
Tencent Holdings Ltd. is a famous company based in Shenzhen, China. On Wednesday, the Chinese tech giant reported results for the second quarter of this year. Notably, results surpassed expectations. Tencent is the owner of WeChat, a very popular messaging app. Last week, U.S. President Donald Trump signed an executive order that prohibits any transaction …
Chinese Tech Giant Tencent and its Second-Quarter Earnings Read More »
Apple plans to unveil a range of subscription bundles alongside its new iPhones this October. Internally, the bundles are referred to as “Apple One.” That’s not necessarily the name they will launch it under, though. A number of different tiers will be available. It will start with a basic combo of Apple Music and Apple …
Apple to Launch Subscription Bundles with New iPhones Read More »
People all over the world have at least some knowledge regarding the U.S.-China trade tensions. However, relations between the U.S. and the European Union (EU) are also quite complicated. The U.S. government decided to maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods. Importantly, the EU tried to resolve a long-term …
U.S. Government Decided to Maintain 15% on Airbus Aircraft Read More »
The U.S. dollar tumbled down against most of its peers on Thursday amidst fading hopes for a compromise between Democrats and Republicans over additional stimulus for the U.S. economy. The currency stalled due to a decline in Treasury yields. However, analysts think that this is likely only a temporary setback. They believe that U.S. lawmakers …
The Euro and Sterling Surged Forward Against the U.S. Dollar Read More »
On Wednesday, stocks in the Asia Pacific reacted to the news connected with the coronavirus pandemic and its vaccine. Mainland Chinese stocks recovered slightly from earlier losses. The Shanghai Composite fell 0.63% to 3,319.27. In the meantime, the Shenzhen Composite dropped 1.26% to 2,215.12. Moreover, the Shenzhen Component fell 1.17% to end its trading day …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
