Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Uber shares dropped as much as 4% after the company reported third quarter revenue on Thursday that missed Wall Street’s expectations, including a revenue decline of 18% from
Germany’s daily new coronavirus infections hit a record high on Thursday. The number of confirmed coronavirus cases increased by 21,506 bringing the total case tally to over 597K. Cases have surged over the past couple of weeks, forcing the government to reimpose a month-long lockdown. The US, too, reached a new record high of 121,054 daily new coronavirus cases,
Pair reaches toward recent highs The GBPUSD has had its share of ups and downs over the last few days, but the pair is currently on a run to the upside which is approaching swing high levels going back to October 20 -23 and yesterday. The high price just reached 1.3114. The next upside target comes in at 1.31217 which was
Isn’t this fun The market does not care about the election at the moment as the fall in volatility leads to massive options activity. Biden’s campaign said they are at 254 electoral college votes now but it may take time to see the full result in Arizona and the margin may tighten. Any additional states
New Delhi: Nickel prices on Thursday rose by 0.19 per cent to Rs 1,159 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 2.20, or 0.19 per cent, to Rs 1,159 per kg
Dollar’s selloff finally takes off as market enters into US session today. While the final result of US presidential election is still unknown, investors couldn’t wait to push stocks higher. At the time of writing, Canadian Dollar is trading as a distant second weakest. Sterling is also relatively weak after BoE delivered larger than expected
First-time claims for unemployment insurance continued a modest trend down last week, though the total remains well above what was considered normal prior to the coronavirus pandemic and was a touch higher than Wall Street estimates. The Labor Department reported Thursday that 751,000 U.S. workers filed for benefits, compared with 758,000 the previous week. Economists
General Motors CEO Mary Barra speaks to the news media June 12, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images General Motors is set to report its third-quarter earnings before the bell on Thursday. Here’s what Wall Street is expecting, based on average analysts’ estimates compiled by Refinitive. Adjusted EPS: $1.38 Revenue: $35.51 billion
Former Vice President Joe Biden’s campaign manager said on Thursday they are nearing parity with US President Donald Trump in Pennsylvania and expect remaining ballots to tilt the odds in their favour, as reported by Reuters. Additional takeaways “Victory is imminent.” “Trump’s response to election result is desperate.” “Rural, in-person votes might be next to
But problems with the small-cap. Russell 2000 index closes unchanged. The major indices closed sharply higher despite the uncertain election outcome. The NASDAQ index led the way to the upside. Some highlights for the day include: Major indices closed higher for the 3rd straight day. S&P closed as highest level since June 5 NASDAQ leads
S&P500 futures on Globex have given back their earlier gains and are a touch lower for the session as I update. AUD/USD is also down the session. Eyes are on US election developments, the latest from Arizona is breathing life back into Trump’s hopes for a victory in that state. which seems to be weighing
The long awaited deposit contract for Ethereum 2.0 has finally been deployed opening the doors to staking opportunities for ETH holders. Deposits began in earnest with over $1 million in ETH landing in the contract within the first half an hour according to observers like The Crypto Cactus. “$1,000,000 locked in $ETH 2.0 in 30
Gold prices were little changed on Thursday after early U.S. election results suggested a lead for Democrat contender Joe Biden, even as the possibility of a contested result remained. FUNDAMENTALS Spot gold was little changed at $1,904.66 per ounce by 0111 GMT. U.S. gold futures rose 0.5% to $1,905.50 per ounce. Biden said on Wednesday
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture portraited by most main steam media. Overall picture in the forex market is very mixed
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020. Kevin Lamarque | Reuters The Fed’s two-day meeting is expected to end
Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock rose over 6% in extended trading as its revenue and adjusted earnings per share handily beat Wall Street expectations. Here’s how Qualcomm did versus Refinitiv consensus estimates for the quarter ended Sept. 27: Earnings: $1.45 per share
Analysts at Nomura believe that the Bank of England (BOE) is unlikely to adopt negative interest rates at its policy meeting this Thursday. Although the bank may expand its QE programme by £100bn. Key quotes “An extension of the Bank of England’s QE programme by £100bn. We see such an expansion as representing a good
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