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 …
Silver prices decreased by more than 15%, from $29 to $24.40 in one single day. Analysts suggest not to buy much of an asset that is as explosive on the downside as it is on the upside. However, the silver bull market has not finished yet. Right now there is fear in the white metal …
The New Zealand dollar collapsed to a three-week low in Asian trading at $0.6564, on Wednesday. Auckland resumed lockdowns as four new coronavirus cases were detected after 102 virus-free days. Analysts were waiting for a crucial central bank policy decision, which was due later on Wednesday. However, they haven’t expected any change in rates as …
New Zealand Dollar Plunged to a Three-Week Low on Wednesday Read More »
The overdue correction in gold and silver prices has begun. It has been anticipated highly. Carsten Fritsch, an analyst at Commerzbank, asserts that there’s no need to worry and get desperate about it. After some profit-taking, the precious metals are likely to resume their rally. On Monday, after gold failed in an attempt to reach …
It was full of challenges for the stocks in the Asia Pacific, as stocks recovered slightly from earlier losses in afternoon trade. Importantly, investors are closely monitoring the situation connected with coronavirus. Russian President Vladimir Putin made an important announcement. According to Putin, his country registered the world’s first coronavirus vaccine. Moreover, he mentioned that …
Investors, Stocks, and World’s First Coronavirus Vaccine Read More »
Two days ago, the 30-stock Dow Jones Industrial Average gained about 350 points in regular trading. Importantly, it was the seventh positive session in a row. Furthermore, it was the longest winning streak since September 2019. Also, the S&P 500 advanced by 0.2%. However, Nasdaq dropped 0.4% as investors rotated out of some of the …
The dollar rose on Wednesday after finding support. U.S. yields surged forward, pushing the U.S. currency higher against the Japanese yen. Traders wagered on a broader and deeper U.S. coronavirus recovery. The yield on 10-year U.S. debt made its steepest gain in two months overnight ahead of a record $38 billion auction which is due …
U.S. dollar is soaring. What about the New Zealand dollar? Read More »
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