Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 million for the year ended
Month: March 2021
Crude oil markets trade higher on Wednesday, having so far shrugged off nerves being observed in US equity markets. WTI has been picking up following an initially choppy reaction to the release of eye-watering weekly EIA inventory data. Oil market participants now await more clarity on OPEC+ production plans. Crude oil markets trade higher on
In an ongoing effort to battle escalating transaction fees while creating a unified ecosystem, Ethereum co-founder Vitalik Buterin has proposed a solution for a particular type of cross-rollup scaling. The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability. Rollups are layer-two solutions that are essentially smart
Gold up $10 on the day Is anything more hated than gold right now? Sentiment has turned wildly against the shiny stuff as bitcoin and other high-flying cryptocurrencies steal its luster. Add in the technical break below the November lows and it’s tough to find a short-term bull. Given the chart and the negative seasonals
The Department of Health in Hong Kong said on Tuesday night that it received a suspended serious adverse event following COVID-19 vaccination involving a 63-year-old man who received a COVID-19 vaccine on February 26. The man subsequently developed shortness of breath on Sunday and attended the Queen Elizabeth Hospital for treatment, and passed away on
MELBOURNE: Oil prices were down in early trade on Wednesday, extending several days of losses, amid uncertainty over how much supply producing countries will push to restore to the market at a meeting this week while the coronavirus pandemic persists. U.S. West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $59.57 a
As widely anticipated, the RBA left all monetary policy measures unchanged. As a summary, the cash rate target, the 3-year Australian Government Bond ‘Yield Curve Control’ (YCC) target and the Term Funding Facility (TFF) interest rate all stay at 0.1%. While acknowledging the upbeat economic developments, policymakers pledged to make further adjustments to its purchases
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021. Facing pressure from activist investors, the company said it will reinstate its dividend and
Gold (XAU/USD) is consolidating its solid recovery from multi-month troughs on Wednesday, as the upbeat market mood weighs on the traditional safe-haven. The vaccine optimism seems to have helped the risk-recovery, especially after US President announced the US will have enough vaccine supply significantly sooner, which will cover all adults by the end of May.
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Charlie Lee, the creator of major cryptocurrency Litecoin (LTC), believes that the ongoing spike in popularity of the nonfungible token, or NFT, industry has much in common with the 2017 initial coin offering, or ICO, mania. Lee provided at least five similarities between 2021’s NFT popularity and 2017’s ICO mania, also comparing both to the
Oil claws back earlier losses to unchanged levels around $60.65 Invest in yourself. See our forex education hub. WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting
Commodity boom in everything extends to milk Fronterra’s GlobalDairyTrade auction put the average price at $4231, which is a 15.0% increase, including 21.0% in whole milk powder. Not only is that huge jump, but it’s the 8th consecutive auction with higher prices. Prices are up around 40% since November. Invest in yourself. See our forex
NEW DELHI: Silver futures on Tuesday dropped by Rs 1,373 to Rs 67,427 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 1,373, or 2 per cent, to Rs 67,427 per kg in a business turnover of 12,801 lots. Silver traded
Euro is under some pressure today after a heavy ECB official indicated the readiness to response to surging yields. But Swiss Franc is not too far behind. The forex markets are mixed elsewhere. Dollar is currently the stronger one, together with Aussie and Sterling. Meanwhile, Kiwi is the weaker commodity currencies. Canadian Dollar is mixed,
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumult in the