In an interview with Cointelegraph, Hedera Hashgraph CTO Leemon Baird said that while interest in blockchain greatly increased in 2020, he expects much bigger things to come in 2021. Baird, who holds a doctorate in computer science from Carnegie Mellon University, explained that “the world as a whole looks at this industry as blockchain or DLT
Month: November 2020
KOLKATA: Multi Commodity Exchange of India (MCX) has invited proposals from technology companies to set up an advanced commodity derivatives platform for trading and clearing services, as its contract with 63 Moons will expire in September 2022, said a senior MCX executive. MCX plans to launch spot exchange in metals in less than a year,
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with Yen and Swiss Franc. Australian Dollar left RBA’s rate cut behind and lead the chart
People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks is expected to report its fiscal fourth-quarter earnings after the bell Thursday. Here’s what
Florida is a do-or-die state for Trump this year, as it was in 2016 and the volatility of the results will be a driver for markets. 76% of the vote is now in for Florida with the votes counted very quickly. For now, it is seen as 50.4% for Trump and Biden at 48.7%. The NY
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What’s that about election jitters again? The market is seemingly less worried about a tightly contested election for the time being as we see the dollar sold off in European morning trade, while stocks are feeling rather comfortable with European indices pushing near 2% gains now. US futures are also trading up by over 1%
A look at the key times to be wary about when we get to the end of voting Adam put up a post yesterday on when the last six elections were called, and that gives a bit of an idea to what we can expect this year as well. But with the number of votes
By Tapan Patel Commodity prices traded higher witnessing rebound across non-agri segment on weaker dollar. Bullion prices rose on Monday ahead of US Presidential elections and worries over surge in virus cases. Crude oil futures pared previous losses while base metals gained on demand growth prospects from China. The dollar index ended marginally down which
As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under the Term Funding Facility were also lowered to 0.1%. Meanwhile, the central bank also cut
Google parent company Alphabet‘s stock rose as much as 9% in after-hours trading as it crushed expectations for both earnings and revenue in its third-quarter earnings results, showing strong growth in advertising revenue across the board. Here are the results. Earnings per share: $16.40 vs $11.29 expected, according to Refinitiv estimates Revenue: $46.17 billion vs $42.90 billion
Ho Woei Chen, CFA, Economist at UOB Group, reviewed the recent PMI figures and recovery prospects in the Chinese economy. Key Quotes “The Markit/Caixin China manufacturing PMI rose 0.6 points to 53.6 in October from 53.0 in September, recording its 6 th consecutive month of expansion (above-50 reading). This is also the highest reading since
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Dow has best day since October 7 but off intraday high of +541 points The major indices closed higher with the Dow industrial average leading the way to the upside. Dow 30 had his best day cents October 7. Honeywell and Walgreens leads the charge in the industrials Stocks close higher for the 2nd time