In 2019 two factors had a huge impact on General Motors. The first one was the autoworkers strike and the second one relates to China. U.S. automaker experienced problems in China due to falling sales. It is important to mention that China has the world’s largest market when it comes to vehicles. On Wednesday, General …
Investors and traders sell and buy billions worth of futures every day. And as a rule, they depend on banks during these exchanges. That’s why Vanguard’s recent announcement is revolutionary. The U.S.-based head of forex trading stated that its plans to launch new computer-run algorithms. With them, it can trade FX with other funds directly, …
Vanguard’s New Algorithms will Connect Buyers and Sellers Read More »
Facebook is a very popular social media network, with two billion users around the world. In 2019, the company unveiled the cryptocurrency project Libra. The backlash from various lawmakers and organizations showed that it would be quite hard to launch this cryptocurrency due to various reasons. The California-based company was struggling to deal with the …
Facebook’s Cryptocurrency Project and Mastercard Read More »
Copper recovered on Tuesday after traders and funds reversed bets on a decline in the price of the metal, after a coronavirus outbreak. In the London Metal Exchange, copper rose 1.7% to $5,618 per ton. Metal prices had fallen on Monday to five-month lows pf 5,523, which means a slump of almost 13% since January …
General Motors is a world-famous automaker thanks to its vehicles. Recently, GM released the fourth-quarter results. Based on the information, the automaker lost $194 million in the fourth quarter of 2019 due to 40-day autoworkers strike. This strike had a huge impact on General Motors as the automaker was losing money due to the situation. …
General Motors lost $194 million in the Fourth Quarter Read More »
Less than one year ago, in June 2019, Facebook presented its cryptocurrency project Libra. The list of partners that agree to participate in the development of the blockchain network included many famous companies. Libra association was created to develop and distribute Libra. One explanation of why they decided to create this association was to comply …
Mastercard’s CEO and His Position Regarding the Libra Read More »
Vanguard, the U.S.-based head of forex trading, plans to launch a revolutionary project. It trades about $225 billion each month in currencies. The fund giant will start using new, computer-run algorithms this year. With this algos, it can trade FX with other funds directly, without go-betweens. As these mediators are banks, it means that they …
Vanguard Plans to Sidestep the Banks with New Algorithms Read More »
Africa’s second-most populous country was one of the poorest countries at the beginning of the 21st century. In 2000, it was the third poorest country in the world. Ethiopia’s annual GDP per capita was about $620 in 2011 dollars. Moreover, more than half of the population lived below the global poverty line. It was the …
Android and Apple users alike are still waiting for Samsung to launch the new Galaxy Buds+. The company launched an app for the upcoming product in the Apple App store, and fans can’t wait to compare. The app will allow iOS users to enjoy an “optimized experience on the go,” said a Samsung spokesperson. It …
Samsung Teases New Galaxy Releases | Wibest Broker Read More »
Cryptocurrencies such as Bitcoin, Ethereum, and others became more popular thanks to their decentralized nature. They offer a number of advantages to crypto owners. However, there are some problems as well. One of the main problems relates to crypto ransoms. Recently, hackers compromised five U.S. law firms. Such cases create bad publicity for the crypto-related …
The spread of coronavirus continues to dominate the headlines as it created many questions regarding the future of the global economy. Another factor that affected the stock markets was the decision of the Reserve Bank of Australia. On February 4, the central bank decided to leave the cash rate at 0.75%. The Governor of the …
The Reserve Bank of Australia and Stock Markets in Asia Read More »
The Chinese stock market is officially open. China’s central bank injected 1.2 trillion yuan of liquidity to help the stocks after the big downfall. As a result, the offshore yuan rose slightly over its one-month low of 7.0230 per dollar, trading at 7.0127 yuan per dollar. On the other hand, the Australian dollar fetched $0.6690. …
Asian Stocks Rose Slightly While the Dollar Hit High Read More »
On Monday, mainland Chinese stocks experienced serious problems due to the coronavirus outbreak. It was the first day of trading after an extended Lunar New Year Holiday. Chinese indexes fell by more than 7%. It was the worst day for stock indexes in years. Hopefully, on Tuesday, Chinese stocks started to recover after sustaining huge …
Stocks in China, Japan, and South Korea Recovered on Tuesday Read More »
Oil futures ended sharply lower on Monday. The prices hit their lowest settlement in more than a year. All as a result of fears of declining demand in China, the biggest oil importer in the world. Brent crude scored $54, and WTI crude $49.99 on Monday. The rapid spread of the virus and the precautionary …
Crypto crimes continue to rise as more and more people are using cryptocurrencies for illegal activities. Recently, the hacker group called Maze compromised five U.S. law firms and demanded two 100 Bitcoin ransoms from each firm. The first one to restore access to the data and the second one to delete their copy instead of …
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