Professional services firm KPMG has published a report predicting that blockchain will be one of five emerging technology sectors to see increased investment from enterprises over the next 12 months. Titled Enterprise Reboot, the report was compiled by KPMG International and HFS Research. It draws on a survey of 900 executives from organisations on the
Month: August 2020
Dow lagged all day The S&P and NASDAQ both make bonds at all time highs (and all time high closes) but gave up just ahead of the levels and are closing mixed. The the NASDAQ was the only index to hold onto gains today. The Dow industrial average lagged the broader indices all day. The NASDAQ is well off its highs but still
The number of confirmed coronavirus cases rose to 221,413 with a total of 9,225 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Friday. Cases increased by 1,449 in Germany on Friday versus Thursday’s +1,445. The death count rose by 14, the tally showed. The total active cases
The foreword to Michael Cohen’s book on Trump is available here, its an interesting read. A post for once the markets are closed for the weekend. Cohen pulls no punches: I bore witness to the real man, in strip clubs, shady business meetings, and in the unguarded moments when he revealed who he really was:
NEW DELHI: Gold and silver prices witnessed dramatic swings this week, thanks to huge demand followed by a bout of profit booking, and this has kept bullion traders on their toes. Analysts are at a loss trying to predict where these precious metals are headed. Gold futures hit a record high at the start of
European majors turn slightly stronger today, in mixed markets. Euro appears to be supported by news that US is refraining from tariffs hikes on Airbus subsidies retaliation. Though, except versus Yen, Euro’s strength is not too convincing yet. Dollar turns soft again following strong rally in US stocks overnight. But surprisingly, commodity currencies are not
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Santander, the large scale Spanish bank and one of Ripple’s major partners, is still hesitant to adopt XRP as part of its international payment network, One Pay FX. The company reasoned that the token “was not actively traded in enough markets” to support the company’s banking needs. During an interview with the Financial Times, Cedric
Seeing some dollar buying all of the sudden The dollar has reversed back higher in the last 30 minutes of trading. The EURUSD is back down testing the trend line on the 5 minute chart. The 100 bar MA on the same chart has been broken, but the trend line continues to hold the support.
The US economy is doing well despite issues, COVID-19 hotspots and the backsliding on the reopening, White House economic adviser Larry Kudlow said on Thursday. Key takeaways “Restraint on the economy from flare-ups of COVID was low and we may be bouncing back.” “The threat is not over but numbers are turning a little bit in
Expectations were for a $23 billion auction As the treasury auctions continue at an increasing pace, the US treasury has a announced that they will auction off $25 billion of 20 year bonds next week. That was higher than the 23 billion expected. Later today the treasury will complete their refunding for the week with the
By Swansy AfonsoThe biggest drop in gold prices in nearly seven years wasn’t enough to pull Indian buyers back to stores and they are likely to stay on the sidelines as volatility increases. Domestic gold prices fell by the most since October 2013 on Tuesday, capping this year’s rally at 33%. Gold has recouped some
Dollar continues to trade with a soft tone despite better than expected jobless claims data. The decline in claims data is seen more as a result of expiration USD 600 a week supplemental federal benefits, rather than the improvement in the labor market conditions. For now, though, New Zealand Dollar and Yen are the worst
Chuck Robbins, chief executive officer of Cisco Technologies Inc., pauses during a panel session on day two of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a
One million South Koreans have foregone their physical drivers license in favour of a blockchain-powered digital alternative used in conjunction with the PASS smartphone app. This represents more than 3% of the entire driving population in South Korea, which sat at 32.6 million licensed drivers in 2019 according to Statista. This is the first authorized
Nasdaq rises 2.13% on the day The major indices are all closing higher led by the Nasdaq index. The Dow and S&P are up 9 of the last 10 days The Nasdaq broke the 3 day losing streak. The S&P rose to above the all time highest close at 3386.15 intraday, but has closed just
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