The U.S. services sector contracted for the first time in about a decade in April 2020. The coronavirus pandemic caused a lot of problems for the U.S. economy. The Institute for Supply Management released its manufacturing index, which highlights the impact of the coronavirus on the economy. According to the ISM manufacturing index fell to …
U.S. Services Sector Declined for the First Time since 2009 Read More »
The update is now out for the beta version of Slack on Android. Slack’s mobile apps have always tried to replicate the desktop and web experience with a single home screen. This includes a reliance on swipe-based navigation and cumbersome menus. But now, the company is rolling out a new update on its Android beta …
Slack Tests its New Android Beta App | Wibest Broker Read More »
Oil linked currencies gained on Tuesday as the oil prices surged forward. The Australian dollar rose by more than 64 cents to $0.6454. The Reserve Bank of Australia left three-year government bond yields and its targets for the cash rate unchanged at 0.25%, further boosting the Aussie. The Norwegian crown soared as well, along with …
Oil-linked currencies rose on Tuesday. How did Yuan fare? Read More »
Once-thriving aviation industry came to a standstill due to the coronavirus pandemic. Moreover, many airlines cloud stop to exist with financial aid. Governments around the world are ready to support the aviation industry. Moreover, people should not forget that the aviation industry is cash-intensive and has a narrow economic moat. Also, the pandemic had a …
Stocks: Buffett is no Longer Investing in Aviation Read More »
It is not a secret that Bitcoin is the biggest and the oldest cryptocurrency on the market. Recently, the survey conducted by crypto services firm RockX once more highlighted the importance of Bitcoin. Let’s have a look at the results of this survey. Notably, more than 57% of respondents believe that Bitcoin’s hashrate won’t change …
Biggest Cryptocurrency Bitcoin and Crypto Firm RockX Read More »
Aurubis, Germany-based Europe’s biggest copper smelter company, won European Union antitrust approval. According to the European Commission, the company acquired on Monday the Belgian-Spanish metal recycling group Metallo. The commission stated that the company would not affect competition in the copper recycling sector negatively. In May 2019, Aurubis agreed to buy Metallo for 380 million …
Crypto services firm RockX conducted a survey connected with the crypto industry. According to this survey, a majority of Chinese miners expect a huge influx of new Bitcoin buyers within the next six months. Importantly, 57% of Chinese miners expect a large number of Bitcoin buyers to join the market in the near future. Moreover, …
Chinese Crypto Miners, Bitcoin Halving and New Buyers Read More »
Warren Buffett is one fourth-richest person in the world, and this fact shows that Buffett knows how to cope with various challenges. The aviation industry is not an exception. Moreover, Berkshire Hathaway owns significant minority holdings in the U.S. public companies such as American Express, Apple, Bank of America, The Coca Cola Company, etc. However, …
Warren Buffett Sold his Entire Position in Major Airlines Read More »
The U.S. dollar continued rising on Tuesday due to the investors’ concerns about rising tensions between the United States and China. The dollar climbed up by 0.1% to 99.55 against a basket of its rival currencies. It was near an almost two-week high of 100.83 in late April. The greenback strengthened after U.S. President Donald …
U.S. dollar is still high. What about Euro and Chinese Yuan? Read More »
The U.S. has the largest economy in the world followed by China and Japan. However, even for the largest economy, the coronavirus crisis created a lot of problems. Millions of Americans lost their jobs. Moreover, it is hard to say when the economy will get back on track. In this situation, the U.S. Treasury Department …
Treasury Department Plans to Borrow Trillions of Dollars Read More »
Intel also has a partnership with Chinese EV startup Nio to build electric autonomous vehicles.
There are numerous factors that may affect stocks across the world. Tensions between the largest economies fall under this category. Two days ago, U.S. President Donald Trump said he believed that a “mistake” in China was the cause of the spreading coronavirus pandemic. However, he did not present any evidence to support his claim. Meanwhile, …
Largest Economies, Coronavirus Pandemic and Stocks in Asia Read More »
The U.S. dollar rallied on Monday against most major currencies due to U.S. President Trump accusing China of spreading the virus. Concerned investors bought the dollar. The safe-haven Japanese yen was the only currency that rose versus the greenback, last trading up by 0.2% at 106.71. On the other hand, European currencies declined. The euro …
U.S. dollar hit high on Monday. What about the Euro and Yen? Read More »
Crypto exchanges continue to expand their services. Last week, crypto exchange Bitfinex announced the launch of the Bitfinex Pulse social network. This social media platform will help crypto traders to collaborate and exchange ideas. However, unlike most social media platforms, this network will focus on the niche of Bitfinex’s users. The network will produce high-quality …
Rising tensions between the Us and China over the coronavirus weakened risk sentiment. Reuters reported that growing unease at the gulf between asset prices and gloomy economic reality turned investors cautions. Mike Pompeo, the US secretary of the state, said that a significant amount of evidence exists uncovering that the coronavirus developed from a Chinese …
US-China tensions affect Gold; Traders remain cautious Read More »
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