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NVIDIA Beats Q2 EPS Estimates, Issues Weak Q3 View

  The computer hardware manufacturer NVIDIA (NASDAQ: NVDA) posted higher earnings in fiscal 2020 second quarter, compared with the similar period last year. However, on a y-o-y basis, the company posted a decline in revenue, primarily due to the poor

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US Dollar Weakens On Drop In UoM Consumer Sentiment Index

  The greenback fell against the euro on Friday after the University of Michigan consumer sentiment data did not meet analysts’ expectations. The decline in housing starts also fueled the US dollar’s weakness. However, the euro was unable to record

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Walmart Beats Q2 Earnings Expectations, Boosts FY20 View

  The world’s largest retailer Walmart Inc. (NYSE: WMT) reported a swing to profit in the second quarter of fiscal 2020, compared to a net loss in the year-ago period. The third-largest employer in the world also exceeded the Wall

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Aussie Strengthens On Strong Job Data

  The Aussie gained against the G10 currencies yesterday following the release of strong employment data for July, decreasing the chances of a rate cut by the RBA (Reserve Bank of Australia) in the September policy meeting. The postponement of

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Yuan Down on 17-yr Low Industrial Production Growth Rate

  The Chinese yuan fell against the greenback yesterday after economic data revealed that industrial production recorded a 17-year low growth rate as trade issues with the US poured cold water on manufacturing activities. Furthermore, retail sales growth declined, mirroring

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Power Ledger, KEPCO bring P2P energy trading to Japan

  The cryptocurrency market continues to remain weak with all the major cryptocurrencies in the red. Bitcoin (BTC) once again succumbed to selling pressure, losing 7.4% in the past 24 hours to trade at $9,813. One of the reasons for

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Euro Remains Weak As German ZEW Indicator Hits 8yr Low

  The eurodollar remains range-bound against the greenback despite reports of a sharp decline in German investor confidence in August. Notably, a rise in the US consumer price index in July was unable to lend enough momentum for the US

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JD.com Rallies 13% On Swing To Q2 Profit

  Shares of JD.com Inc. (NYSE: JD), one of the world’s largest e-commerce platforms based on sales, jumped 12.89% or $31.50 to close at $30.66 after the company swung to profit in the second quarter of fiscal 2019. The company

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Yen Up On Global Economic Volatility & Uncertainty

  The yen recorded its 1-1/2 year high against the greenback as investors increased bets that the Japanese currency could strengthen further in case of an extended trade war between the US and China. The currency markets also recorded low

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€750mln. ‘Eco-Friendly’ Loan Issued Via Blockchain

  The cryptocurrency market has once again turned red after Bitcoin (BTC) failed to cross above $12,000. At the time of writing this article, Bitcoin was trading at $11,363.47, down 0.4% in the past 24 hours. The US Internal Revenue

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