Month: October 2020
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European Shares Lack Direction while Wall Street Has a Strong Opening
Shares managed to recoup some of their early Friday losses and the dollar reached a one-week low, as cautious investors made adjustments to risk exposure ahead of the U.S. presidential […]
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US has other Priorities than Establishing its CBDC; says Jerome Powell
Chairman of US Federal Reserve, Jerome Powell commented on Monday that the US has one of the most dynamic payment mechanisms. He said that the US does not need to […]
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Vaccine Hopes Boost Stocks Higher on Anniversary of ‘Black Monday’
On Monday, the dollar slipped and world stocks climbed up amidst rising hopes of a COVID-19 vaccine to be introduced by the end of the year and a U.S. stimulus […]
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Coinbase Creates Grant Program for Bitcoin Development
Since politics are quite polarizing nowadays, Coinbase didn’t receive a lot of appreciation for trying to eliminate politics from its work environment. Even so, the latest development may just bring […]
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U.S. Stocks Close Higher on Vaccine Update and Retail Beat
On Friday, the S&P 500 advanced, as buyers returned to the market amidst news of additional clarity on the timeline for the development of the COVID-19 vaccine and a mostly […]
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European Shares to Make Weekly Losses as Virus Cases Increase
On Friday, European shares finally bounced back from their two-week lows, but they were still on track for weekly losses after a sell-off. This was prompted by fears of a […]
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Australian Dollar Hits Two-Week Low
On Thursday, the Australian dollar reached a two-week low after hints by the head of the central bank about a possible monetary easing. In contrast, the risk-off sentiment supported the […]
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Swift Funds Recovery – Don’t Let Them Scam You Twice
Everyday millions of individuals and even large and small businesses prefer internet to take part in lucrative business opportunities. But in their pursuit of finding a helping hand for themselves, […]
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European Shares Dip due to Fear of Second Wave
On Wednesday, European shares dipped as countries began to cancel surgeries and close schools due to a resurgence of the COVID-19 pandemic, even though Sterling rose in the market amidst […]
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‘Blue Wave’ Expectations in U.S. Elections Trigger Green Stocks Frenzy
The growing expectations of a strong victory of Democratic presidential candidate, Joe Biden, in the U.S. presidential elections have prompted investors to focus their attention on renewable energy stocks. This […]