Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period last year. The stock dipped
Month: August 2020
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VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such
Runs away from the 100 hour MA The USDJPY has caught the dollar buying fever and trades at its highest level since Tuesday. That is not saying much as the pair has been in a narrow range of 105.293 to 105.866 since Tuesday afternoon. That is not a lot of price action. Nevertheless the price is breaking outside of the range and running
The US Federal Reserve’s Main Street Lending facility is very different from facilities central banks traditionally operate in a time of crisis, Boston Federal Reserve President Eric Rosengren said on Friday. “The timing for any future changes to the program depends on the nature of the term sheet,” Rosengren added. “We have seen significant pickup recently in
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Yash Sawant The recovery story of copper has been eye catching as the red metal made up all the lost ground on strong fundamentals. Despite the shackled global economy, copper, often used to gauge the health of the overall economy, climbed about 50 per cent on the LME in the past months after hitting
Reactions to the better than expected job data from US and Canada are rather muted. The greenback is currently trying to extend recovery. Yet, it’s still the worst performing one for the week. Eyes remain on developments of US-China relations. But it probably takes a bit more time for the US to announce follow-up actions
A woman counts U.S. dollar bills. Marcos Brindicci | Reuters With the Federal Reserve and Congress pushing stimulus efforts to new heights, some investors are keeping a close eye on a surge in the U.S. money supply for signs of inflation’s long-awaited return. With a litany of metrics showing rapid growth in the value of
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set
The host of the ‘Week in Ethereum’ Podcast and former Director of ConseSys, Evan Van Ness is the latest person to tokenize himself on the blockchain — a growing trend in the gaming and marketing sectors. Within two hours of launch, a quarter of the EVAN tokens had been sold with the price per token
Oil tries and fails on a break again WTI Crude oil finished the day down 24-cents to $41.95. It rose as high as $42.87 to break the July high of $42.40 for the second day but once again it couldn’t hang onto the level. I’m starting to get worried about OPEC. The last week has
Reserve Bank of Australia (RBA) Assistant Governor Ellis is once again on the wires now, via Reuters, responding to the Q&A session after her speech titled “The Economic Outlook”. Key quotes Recovery will be little stronger due to extension of job support packages. Employment will now not decline as much as forecast. Still a pretty
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Shruti Srivastava and Swansy Afonso Demand for gold in India rebounded in July, with imports jumping by a quarter from a year earlier, as lockdowns to combat the coronavirus in the second-largest consumer of the metal were slowly eased. Overseas purchases rose to 25.5 tons in July from 20.4 tons a year earlier and
Sterling strengthens generally today after BoE stands pat. Even though investments remained weak, the central offered some optimism in the way that spending recovered significantly. At this point, Euro is the second strongest, followed by Yen. New Zealand Dollar and Canadian are the weaker ones. For the week, however, Dollar stays as the worst performing
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