Archive

Caterpillar Tops 2Q18 Estimates, Raises FY18 EPS View

  Earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) defied slow down expectations to post better than anticipated fiscal 2018 second quarter earnings and revenue. The company also raised its FY18 profit outlook while saying that it would significantly offset

Read More

Kiwi Dollar signals Uptrend On Strong Inflation Data

  Anticipation of a rate hike on Thursday is keeping the Pound strong against the currencies of developed economies. On the other hand, the fourth consecutive decline in the price of dairy products and rise in energy prices keeps the

Read More

The Leading Cryptocurrency Stories for 30th July 2018

Cryptocurrency market saw zigzag moves through Thursday and Friday last week. After rising to a level of $8400, Bitcoin plunged to $7,800 levels when the US SEC (Securities & Exchange Commission) rejected the application for a Bitcoin ETF (Exchange Traded

Read More

Boeing Beats 2Q18 EPS View, Raises FY18 Revenue Outlook

  Despite beating fiscal 2018 second-quarter earnings and revenue estimate of analysts, the stock of Boeing Company (NYSE: BA) initially lost more than $10 yesterday, but later closed at $355.92. Lower-than-expected commercial aircraft revenue and FY18 EPS outlook sparked a

Read More

Yen Turns Weak On Poor Core CPI data

  The USDJPY started declining on Friday last week after the US President Trump stated that he was not happy with the greenback’s value. Trump blamed the Federal Reserve’s interest rate policy, while alleging currency rate manipulation by both China

Read More

The Leading Cryptocurrency Stories for 25th July 2018

The cryptocurrency market continues remains buoyant, with Bitcoin trading near $8,300. Multiple factors have contributed to it’s steep rally from a level of about 5,750; the inclusion of Bitcoin in the CFA curriculum, news of Blackrock exploring blockchain and cryptocurrencies,

Read More

Tesla Demands Refund From Suppliers To Boost Profits

  On July 1st, Elon Musk, the founder and CEO of electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) tweeted that the California factory achieved the production target of 5,000 Model 3 in a week. The news boosted the stock price

Read More

Euro Remains Weak on 3-yr Low Current Account Surplus

  Lower-than-anticipated trade surplus and soft core inflation data triggered a euro dollar sell off last week. The Canadian dollar, in the meanwhile, gained against its G10 rivals after the Bank of Canada raised interest rates by 25 basis points,

Read More

The Leading Cryptocurrency Stories for 23rd July 2018

The solid rise of Bitcoin from around $5,800 to over $7,500 has turned skeptics silent. In fact, the rise was so sharp that $180 million worth of short positions were forcibly closed due to lack of margin within an hour

Read More

Novartis Beats Q2 Estimates, Reaffirms FY18 Sales View

  Pharmaceutical company Novartis AG (NYSE: NVS) easily surpassed earnings and revenue expectations when it reported fiscal 2018 second quarter results yesterday. Cosentyx and Entresto drugs were revealed as the main driver of growth in the second-quarter. The company also reiterated

Read More