Archive

Swiss Economic Sentiment Plunges To Lowest Level in 5-yrs

  The index reflecting the Swiss economic scenario plunged to a five year low in March as the coronavirus (COVID-19) outbreak continues to create havoc across the globe. However, the Swiss franc managed to gain against the euro as the

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Binance Sets Up Blockchain Focused Research Firm in China

  As investors across the globe look for alternative assets to safeguard their wealth during periods of uncertainty, the cryptocurrency market has turned bullish. Bitcoin (BTC) has gained over 8% in the past 24 hours to trade at $6,493.22. Ether

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KB Homes Beat on Q1 Earnings, Withdraws FY 2020 View

  The house construction company KB Home (NYSE: KBH) reported fiscal 2020 first-quarter earnings that almost doubled from last year. The company also blew away the earnings estimate of analysts. As the market stares at unparalleled levels of uncertainty, the

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Apple Ponders Postponement of 5G iPhone Roll Out by Months

  Apple Inc (Nasdaq: AAPL) is taking necessary steps to postpone the rollout of its first 5G enabled iPhones as the COVID-19 disease continues to spread like wildfire across the globe and unsettles the tech giant’s product designing timeline. The

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New Zealand Posts Better-Than-Anticipated Trade Surplus

  The Kiwi dollar remained range-bound against the US dollar yesterday despite the release of better-than-anticipated trade surplus data by Statistics New Zealand. The release of impressive durable goods orders data by the US Census Bureau was the main reason

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Brave to Facilitate Browser-based Cryptocurrency Trading

  The cryptocurrency market remains bullish with Bitcoin (BTC) trying to break above $7,000. At the time of writing this article, Bitcoin has gained 1.8% to trade at $6,695.42. Ether (ETH) and XRP, however, are trading flat at $136.27 and

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Baird Upwardly Revises Netflix to ‘Outperform’

  The on-demand video provider Netflix Inc (NASDAQ:  NFLX) was upgraded to an ‘Outperform’ from a ‘Neutral’ rating by William Power, an analyst at Baird, citing that the company continues to record a surge in subscriber count in coronavirus infected

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Australia Announces Massive A$66bln Stimulus Package

  The Aussie rose against the greenback yesterday despite the roll-out of another massive round of stimulus package worth A$66 billion by the Australian government. The latest series of incentive measures were aimed at backing households and enterprises and resolving

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Honeywell to Record Carbon Footprint of Houses on Blockchain

  The cryptocurrency market is rebounding, with Bitcoin (BTC) trading above $6,500 level again. Many analysts believe that the cryptocurrency market is now decoupling from traditional markets, which has turned bearish due to the coronavirus outbreak and its likely negative

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BoA Upgrades Nike to ‘Buy,’ but Trims Target Price

  Nike Inc (NKE: NYSE) hogged the limelight on Friday after Robert Ohmes, an analyst at Bank of America, upwardly revised the stock’s rating to ‘buy’ from ‘neutral,’ highlighting resilience in both apparel and footwear. Ironically, the company slashed the

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