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Tag: Featured


Energy, Industries

Oil edges higher, but fears about coronavirus-fueled hit to demand weigh

September 28, 2020

Via: Market Watch

Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe. Those concerns were amplified after major energy officials said that they […]


Enterprise, Industries, Retail & Wholesale

Nike rallies after profits show signs of bouncing back from pandemic

September 23, 2020

Via: Fortune

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]


Finance Tech, Liquidity

Gold prices see muted trade as dollar’s run-up steadies

September 22, 2020

Via: Market Watch

Gold prices on Tuesday saw lackluster moves as the dollar’s recent jump, on the back of concerns about fresh COVID-19 lockdowns implemented in London and other parts of Europe, subsided somewhat. Rising cases in Europe and in the U.S. have […]


News

Powell pledges the Fed’s economic aid ‘for as long as it takes’

September 22, 2020

Via: CNBC

Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work. In remarks the central bank leader will deliver Tuesday to the House Financial Services Committee, Powell reiterated […]


Finance Tech, Liquidity

Treasury yields slide amid fear of new COVID-19 restrictions in Europe

September 21, 2020

Via: Market Watch

U.S. Treasury yields fell early Monday as a global stock-market selloff bolstered demand for haven assets such as government bonds, amid renewed worries over the spread of COVID-19. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.656% fell […]


Financial Services, Industries

Deutsche Bank, JPMorgan lead drop in financial shares amid report the banks moved suspicious funds

September 21, 2020

Via: CNBC

Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of Deutsche Bank dropped nearly 8%, while JPMorgan fell […]


Industries, Retail & Wholesale

What retailers should expect going into a holiday season during a pandemic

September 16, 2020

Via: Fortune

Despite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales […]


News

U.S. import prices rise sharply for third month in a row, but inflation still low

September 15, 2020

Via: Market Watch

The cost of imported goods rose sharply in August for the third straight month, but they still haven’t recovered to pre-pandemic levels and inflation more broadly is still quite low. The import price index advanced 0.9% last month, following increases […]


Financial Services, Industries

Citigroup Resumes Job Cuts Ahead of Risk-Related Reprimand

September 15, 2020

Via: TheStreet

Citigroup will resume slashing its workforce this week, joining some of its rivals including Wells Fargo (WFC) – Get Report that are now reducing headcount in a bid to rein in costs ahead of what is anticipated to be a […]


Energy, Industries

OPEC cuts oil demand forecasts, BP sees ‘peak oil’ in 2020s

September 14, 2020

Via: ABC News

LONDON — Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday as it cut its forecasts. OPEC cut its estimates for world […]