Safra Catz, co-chief executive officer of Oracle Corp., speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., on Monday, June 19, 2017. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI)
Month: December 2020
The Dow was supported by a melt-up in Disney’s share price, but the S&P 500 and Nasdaq Composite indices both fell on Friday. A lack of progress in both US fiscal stimulus and Brexit discussion is being cited as weighing on sentiment. The S&P 500 and Nasdaq Composite Indices both closed Friday’s session with losses
2nd tested this week The NASDAQ index continues its run to the downside. It currently trades down -141 points at 12263.81. The low price reached 12257.069. Technically looking at the hourly chart, the pair is testing its 100 hour moving average currently at 12263.18. The low on the last hourly bar dipped below the moving average
MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more Bitcoin (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset. The company confirmed Friday that it had sold $650 million worth of convertible senior notes at a rate of 0.750%
US electoral vote. FOMC, Bank of England, Swiss National Bank and Bank of Japan interest rate decisions What’s on tap for next week. Monday: US electoral vote Tuesday: Bank of Canada Gov. Macklem speaks. 2:30 PM ET/1930 GMT. Wednesday: OPEC meeting all day France flash PMI services index, 3:15 AM ET/0815 GMT. Estimate 39.1 vs. 38.8 last
Gold futures on Friday fell by 0.13 per cent to Rs 49,015 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined by Rs 62, or 0.13 per cent, to Rs 49,015 per 10 gram in a business turnover of 11,849 lots.
Sterling’s selloff accelerates further today after leaders from both EU and UK admitted that their negotiations positions are still part. No-deal Brexit is now seen as the most likely scenario, and we should know very soon by the end of Sunday. Dollar and Yen recover mildly today, on mild risk-off mode ahead of the weekend.
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
Gold remained depressed for the third consecutive session on Friday. Resurgent USD demand was seen exerting pressure on the commodity. A turnaround in the global risk sentiment helped limit any further losses. Gold edged lower during the mid-European session and dropped to the lower end of its weekly range, around the $1824 region, albeit lacked
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S&P and Dow industrial average fall The US stocks end the session with mixed results. The NASDAQ index rebounded a portion of its sharp -1.94% decline from yesterday. The S&P index in the down industrial average each closed lower for the 2nd consecutive day. The S&P and Dow are on pace for the 1st weekly
Forex news for Asia-Pacific trade on December 11, 2020: Markets: Gold up $1 to $1837 Nikke down 0.4% AUD leads, NZD lags Newsflow was minimal but there was some decent price action for a ‘quiet’ Friday. The direction was a continuation of the Friday trade in New York as the dollar was sold once again
Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version. The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further. Developers ConsenSys identified that DeFi protocols are currently too inefficient
NEW DELHI: Gold futures edged higher while silver futures were trading flat in Friday’s session as concerns over the delays in the US stimulus package, rising unemployment in the world’s largest economy and Brexit overshadowed optimism over ECB stimulus announced in the previous session. A weak dollar that hovered near a two-and-a-half-year low also pushed
Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away, with help from oil prices. Sterling remains the worst one, on the “strong possibility” of
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