Archive

US Economy Grows Better-than-anticipated in Q3

  The euro traded sideways with slight bearish bias against the US dollar yesterday after the US Commerce Department reported a slight slowdown in the economic growth in the third quarter, compared to the previous quarter, but better-than-anticipated by economists.

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AirCarbon Unveils Tokenized Carbon Credits Exchange

  aircarbonThe cryptocurrency market remains under selling pressure with a majority of top tokens in negative region. Bitcoin (BTC) continues to lose ground. The cryptocurrency has lost 2% in the past 24 hours to trade at $9,126.40. Ether (ETH) has

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AT&T Q3 EPS Beats Estimates, Announces 3-Year Guidance

  AT&T Inc. (NYSE: T) reported better than anticipated fiscal 2019 third-quarter results. Additionally, the company also published its 3-year financial forecast and capital expenditure plan, allowing the enterprise to invest in areas of growth, slash debt, and retire shares.

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Bank of Lithuania Issues Guidelines for Blockchain STOs

  Last week, Chinese President Xi Jinping stated that the country must capitalize on the opportunity offered by blockchain technology. He opined that disruptive technology could benefit a wide range of industries, including education, healthcare, and finance. The news provided

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US Dollar Rises On Optimism Over Trade Deal With China

  The US dollar rose against the Swiss franc yesterday after news reports indicated that “phase one” of the Sino-American deal is nearing finalization. As optimism returned to markets, traders have started unwinding long positions in safe-haven currencies such as

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Intel Beats Q3 Estimates, Raises FY 2019 EPS, Revenue View

  Intel Corporation (Nasdaq: INTC) reported better-than-anticipated fiscal 2019 third-quarter results, led by the strong performance of Mobileye and memory business. The company also lifted its FY 2019 earnings outlook, while announcing an increase in stock repurchase program. Following the

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3M Slashes FY19 Profit View Despite Q3 Earnings Beat

  The post-it manufacturer 3M Company (NYSE: MMM) reported fiscal 2019 third-quarter earnings that beat analysts’ estimates. The company, however, missed 3Q19 revenue estimate of analysts. The abrasives manufacturer also lowered its FY 2019 profit outlook in the middle of

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Opera Browser Facilitates Direct Bitcoin Payments

  The cryptocurrency market is under heavy selling pressure with Bitcoin (BTC) breaking below $8,000 levels.  At the time of writing this article, Bitcoin was trading at $7,427, down 7.5% in the past 24 hours. The market capitalization of Bitcoin

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Canadian Dollar Declines On Drop in Wholesale Sales

  The greenback rose against the Canadian dollar yesterday after Statistics Canada reported a sharp decline in wholesale sales in August. The loonie was battered by speculators despite a drop in crude oil inventories. Before the report was released, the

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SAP Reveals 3-year Cloud Partnership With Microsoft

  Enterprise software developer SAP SE (NYSE: SAP, XETRA: SAP-DE) said on Monday that it had entered into a three-year agreement with Microsoft to assist its long-list of enterprise clients move their business activities into the cloud. The agreement resolves

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