Archive

IBM Unveils Multi-cloud Supporting Blockchain Platform

  The cryptocurrency market continues to gain ground steadily against the greenback. Bitcoin (BTC) has gained 1.9% in the last 24 hours to trade at $9,337.  Similarly, Litecoin (LTC), which will undergo halving of mining reward in August, has inched

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Yuan Up On Optimism Over Pending Xi-Trump Meeting

  The Chinese yuan reversed trend yesterday by rallying against multiple major currencies, aided by robust housing prices and retail sales in May. Even though the industrial output and fixed asset investment data did not meet analysts’ estimates, the figures

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Sanofi Partners With Google On Data Technologies

  French pharmaceutical firm Sanofi (Nasdaq: SNY) revealed that it has entered into a partnership with Google to utilize artificial intelligence and other tools for in-depth analysis of data to improve therapies. Following the news, Sanofi stock closed at $43.11,

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US Dollar Declines On Poor Manufacturing Index Data

  The greenback started weakening against its G10 rivals at the beginning of a new trading week, mainly due to weak economic data and unresolved trade tensions between the US and China. As the investors are treading cautiously, the EUR/USD

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Icertis Partners with Microsoft to Widen Blockchain Network

  The cryptocurrency market remains range bound with a slight bullish bias. Bitcoin (BTC) continues to consolidate above $9,000. Litecoin (LTC), which will undergo halving of mining reward, is trading at $132.20, down 2.3% in the last 24 hours and

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Online Pet Retailer Chewy Shares Gain 59% in Market Debut

  On the first day of listing, shares of Chewy, Inc. (NYSE: CHWY) jumped 59.05% or $12.99 to close at $34.99, reflecting a market capitalization of $14.35 billion for the online pet products retailer. Notably, that figure is four times

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Ruble Turns Weak As Bank Of Russia Cuts Interest Rate

  Russia’s central bank, in accordance with its previous outlook, lowered the benchmark interest rate and suggested a further decrease in the future amid easing inflation and softer economic growth. The latest 25 basis point rate cut was the first

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Swiss Franc Weakens On Dovish Statement By SNB

  The Swiss franc rallied yesterday as risk aversion mood grappled the Forex market. However, the Franc was unable to maintain the gains as the focus returned to the monetary policy meeting of the Swiss National Bank and the disappointing

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Morgan Stanley Turns Bullish On Disney’s Streaming Service

  The shares of Walt Disney Company (DIS) recorded a new yearly high of $142.37 yesterday after Morgan Stanley analyst Benjamin Swinburne opined that the Disney+, the media company’s streaming service, will add subscribers faster than anticipated. Swinburne also stated

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Yen Propelled By Strong Core Machinery Orders Data

  The Japanese yen continued to strengthen against the greenback as investors’ risk appetite is waning due to declining expectations for Trump-Xi talks along the sidelines of G20 meeting. Strong domestic macroeconomic data also buoyed the yen. The USD/JPY pair

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