Latest Market News
Shares of Amazon.com Inc. AMZN, +4.50% fell 0.9% in premarket trading Wednesday, to pull back following a two-day rally of 7.2%, after a report that the ecommerce and cloud giant will hold off on some hiring. The stock’s rally had come after it closed at a 2 1/2-month low on Friday. The New York Times […]
U.S. known cases of COVID are continuing to ease and now stand at their lowest level since late April, although the true tally is likely higher given how many people are testing at home, where the data are not being collected. The daily average for new cases stood at 44,484 on Tuesday, according to a […]
Bankruptcy or insolvency is not in “Nexo’s reality,” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an Ask Me Anything (AMA) video posted on YouTube on Oct. 4, founders and managing partners Metodiev and Antoni Trenchev addressed community questions and recent FUD-related rumors that Nexo could soon face insolvency issues. Responding […]
Elon Musk would lose about 13.5 million Twitter TWTR, +22.24% followers, if he pushes through his plan to get rid of most spam accounts, according to data crunched by CodeClan, a Scottish digital skills academy. The Tesla Inc. TSLA, +2.90% CEO on Tuesday gave up a legal battle and agreed to pay $44 billion to […]
The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]
The major currency is ready to test parity on Wednesday. The current quote for the instrument is 0.9990. The key trigger for the EUR right now is a huge rebound in global capital markets, which revived risk attitude. The USD, in its turn, is being failed by a decline in the US bond yield. Investors […]