Archive

Elon Musk Says Tesla Is Lagging In Vehicle Deliveries

  In his internal memo to employees, the second one in the past two weeks, Tesla Inc.’s (NASDQ: TSLA) CEO Elon Musk has opined that the company is lagging in deliveries but continues to see robust demand for its models.

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Lira Strengthens On Easing Of Tensions between Turkey & US

  Turkey’s lira soared nearly 1.5% yesterday on anticipations that its relationship with Washington would strengthen after the leaders of both countries decided to meet in late June while discussing (via telephone call) Ankara’s intention to buy Russian S-400 missile

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Yen Remains Weak On US-China Trade Uncertainty

  The Japanese yen gained against the greenback yesterday as investors sought safe-haven assets amid the ongoing US-China trade spat. From a high of 109.52, the USD/JPY pair fell to a low of 109.13. However, the currency pair reversed trend

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Bahamas Central Bank To Launch Govt. Backed Crypto By 2020

  The cryptocurrency market continues to remain range-bound with a slight bullish bias. Notably, Bitcoin (BTC) continues to trade near 8,700 levels, with a gain of 13.2% in the past one week. In the past 24 hours, Bitcoin has gained

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AMD Steals Computex 2019 With Launch of Five Processors

  Shares of the semiconductor chip manufacturer Advanced Micro Devices, Inc. (Nasdaq: AMD) rallied nearly 8.06% or $2.13 to close at $28.57 yesterday after the company unveiled a range of PC and gaming chips with eyebrow-raising specifications and more affordable

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Canadian Dollar Declines On Housing Sector Concerns

  The Canadian dollar started its downward trend against major G10 rivals yesterday even as the federal government brought a motion that would approve the historic USMCA (US-Mexico-Canada Agreement). One of the reasons for the weakness seen in the loonie

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Aussie Rallies on Unexpected Win of Liberal coalition

  Yesterday, the Aussie reversed trend to move above 0.69 against the US dollar after the unexpected general election results. Analysts, however, believe that the reversal may be short-lived as the housing market, which reflects the strength of the Australian

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Swiss Watch Maker To Use Blockchain For Authentication

  The cryptocurrency market continues to remain range-bound with a slight bullish bias. Bitcoin (BTC) seems to be consolidating above 8,000 levels. Even though the crypto traded with a gain of only 0.3% ($8,768) in the past 24 hours, the

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Novartis Receives FDA Approval For $2.1mln. Gene Therapy

  The shares of Swiss pharmaceutical company Novartis AG (NYSE: NVS) recorded a new 52-week high of $88.04 after the US Food and Drug Administration endorsed the world’s costly drug – $2.1 million gene therapy for spinal muscular atrophy. The

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Entrenched US-China Trade War Keeps US Dollar Weak

  The US dollar stood last, but for one, in the list of weakest currencies during the latest trading week mainly due to the heightening tension surrounding the trade war between the US and China. While the greenback typically strengthens

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