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Walmart Beats First Quarter Earnings As Online Sales Surge With 74%

  Walmart Inc (NYSE: WMT) reported a profit for its fiscal 2021 first-quarter that rose from the comparable period last year. Both earnings and revenue surpassed analysts’ estimates. Even same-store sales were far higher than the Street view. The retail

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Japan Falls Into Recession and the Worst Is Yet to Come

   The US dollar rallied against the yen yesterday despite the Federal Reserve’s warning that the economy could contract by up to 30% in the second quarter of this year. The greenback’s gain was aided by news reports indicating

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Stack Funds Document Claims Negative Rates May Trigger a Bitcoin Rally

  The cryptocurrency market remains range bound with slight bullish bias. Bitcoin (BTC), which touched a high of $9,919.60 yesterday, has lost 1.3% in the past 24 hours to trade at $9,618.13. Ether (ETH) has gained 1.6% to trade at

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Qualcomm Stock Plummets As China Vows Retaliatory Action Against the United States

  Qualcomm Inc (QCOM: NASDAQ) shares were dumped by investors on Friday after reports from China indicated likely retaliation against the U.S. companies, mostly in the tech space, if the U.S. moves forward with its plan to prohibit shipments of

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Cisco Beats Third Quarter Earnings Estimates and Issues Upbeat Fourth Quarter View

  Routers, wireless, and security systems manufacturer Cisco Systems Inc (Nasdaq: CSCO) reported its fiscal 2020 third-quarter profit that declined from the comparable period last year. However, both earnings and revenues beat analysts’ estimates. The networking solution provider’s fourth-quarter guidance

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United States Producer Price Index Declines to an Alarming Eleven Year Low

  The greenback fell against the pound yesterday after the release of worse-than-anticipated producer price index data. The pound’s gain was also fueled by a series of better-than-anticipated economic data from the UK, even though none of them are on

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Austria to Utilize the Ignis Blockchain to Identify Unused Heat Spots in Vienna and Graz

  The cryptocurrency market has turned bullish with Bitcoin (BTC) staying firmly above $9,000 level. In the past 24 hours, Bitcoin has gained 4.4% to trade at $9,304. Ether (ETH) has gained 4.3% to trade at $198.54. XRP has gained

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Elon Musk Defies Orders by Restarting Production at the Tesla California Facility

  The CEO of Tesla Inc (Nasdaq: TSLA), Elon Musk, officially announced the restart of production at its Fremont, California plant, even though the local shutdown order to limit the spread of Covid-19 is still in force. The reopening of

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Turkey’s BRSA Lifts Lira Trading Ban on Citi, UBS & BNP

  The Turkish lira gained ground against the greenback to trade at 7.07 on Monday after the country’s Banking Regulation and Supervision Agency (BRSA) removed prohibitions on Forex trades with the lira by Citibank, BNP Paribas, and UBS as the

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Global Stock Exchange Launches a Tokenized Securities Platform Called Grid

  The cryptocurrency market remains range-bound with a slight bearish bias. Notably, Bitcoin (BTC) blockchain underwent a halving event without any glitch. However, to a certain extent, market participants were disappointed as the price of Bitcoin did not flare up.

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