Archive

Coke Posts Q4 Beat on a Rise in Demand for Namesake Brand

  Coca-Cola Co. (NYSE: KO) posted a 16% increase in fiscal 2019 fourth-quarter earnings, led by robust sales growth of concentrate and price/product mix growth. Organic revenues also increased by 7% on a y-o-y basis. The company also issued FY

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Pound Turns Volatile as Market Awaits BoE’s Rate Decision

  The British Pound rallied against the greenback in the European session yesterday after the data from the UK’s Nationwide Building Society (NBS) indicated that house prices rose at the quickest rate in over a year in January. However, the

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Saudi Aramco Invests in Blockchain Oil Trading Platform

  After remaining bullish for the past few days, the cryptocurrency market is undergoing price correction, with Bitcoin (BTC) losing 0.6% in the past 24 hours to trade at $9,240 levels. Ether (ETH) has lost 2% to trade at $172.09.

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BoFA Downgrades Wynn Resorts on Coronavirus Concern

  The shares of the resort and casino operator Wynn Resorts (Nasdaq: WYNN) was battered for the past few days after Shaun Kelley, an analyst at Bank of America Global Research, downgraded the company to “neutral” from “buy” rating. In

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Ukraine to Block Crypto Wallets Used for Illegal Assets

  The spread of coronavirus across the globe has forced investors and speculators to run for cover and cryptocurrencies, in addition to traditional safe-haven assets, are turning out to be one of the options to protect wealth. Bitcoin (BTC) has

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Swiss Franc Strengthens on Coronavirus Risk-Off Mode

  The eurodollar continues to decline against the Swiss franc after Germany’s Ifo institute reported an unexpected decline in the business sentiment index. The downtrend was also aided by the market’s switch over to risk-off mode due to increasing concerns

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American Express Beats Q4 EPS Estimates, Revenue In-Line

  American Express Co (NYSE: AXP) reported its fiscal 2019 fourth-quarter profit that declined from last year. However, the financial institution’s quarterly results surpassed analyst anticipations, primarily due to an increase in card fees. Following the impressive results, the stock

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P&G Beats Q2 Estimates, Upwardly Revises FY20 View

  Procter & Gamble Co (NYSE: PG) posted fiscal 2020 second-quarter profits that rose from the previous year and surpassed analysts’ estimates. The company also upwardly revised its fiscal 2020 outlook. However, quarterly revenues fell below the Street estimates for

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South Korea’s Q4 GDP Growth Beats Estimates

  The US dollar lost ground against the Korean won after the Bank of Korea, the central bank of the Republic of Korea, stated that the country’s gross domestic product rose by a seasonally adjusted 1.2% in the fourth quarter

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Turkey to Use Blockchain for Delivering Public Services

  The cryptocurrency market remains range bound with slight bearish bias. Bitcoin (BTC) continues to move around 8,600 levels. Bitcoin (BTC), at the time of writing this article, is trading at $8,580, down 1.3% in the past 24 hours. Likewise,

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