Archive

Yen Declines On Worse-Than-Expected May Retail Sales Data

  The Canadian dollar rallied against the yen yesterday following the release of upbeat building permits in May. The yen’s decline was also aided by the worse-than-anticipated May retail sales data published in the Asian session. In the past 24

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Bitfinex Launches Open Source P2P Data Streaming Platform

  The cryptocurrency market remains range bound with slight bearish bias. Bitcoin (BTC) is struggling to stay above $9,000. In the past 24 hours, Bitcoin has gained 0.5% to trade at $9,177. Ether (ETH) has gained 0.9% to trade at

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Microsoft to Write-Off $450m On Shut Down of Physical Stores

  Microsoft Corp (Nasdaq: MSFT), on Friday, issued a statement revealing its plan to shut down all the retail stores it operates and start focusing on an online store, which can be accessed via Microsoft.com. Microsoft owns 116 physical stores

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Accenture Beats Third Quarter Estimates, Narrows Fiscal Year 2020 View

  Global consulting firm Accenture PLC (NYSE: ACN) reported fiscal 2020 third-quarter earnings and revenues above the Street estimates. However, the reported Q3 earnings were slightly down from the same period last year. The company also narrowed its FY 2020

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Foundation Reveals USDC Stablecoin Hosted on Algorand

  The cryptocurrency market has once again turned bearish, with Bitcoin (BTC) falling below $9,500 after failing to cross above $10,000 two days ago. At the time of writing this article, Bitcoin was trading at $9,277.24, down 3.7% in the

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EUR/USD Drops as U.S.A Mulls Import Duties On European Goods

  The euro dollar declined against the greenback yesterday despite the release of better than anticipated Ifo Business Climate index data from Germany. Even the data published by the National Bank of Belgium indicated an improvement in business conditions. The

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Starbucks Partners with Impossible For Plant-Based Menu

  Starbucks Corp (Nasdaq: SBUX) announced yesterday that it has started offering a plant-based breakfast sandwich provided by Impossible Sausage. The coffee chain further stated that the summer menu is now offered at a majority of its approximately 15,000 restaurants

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MyEtherWallet Launches Decentralized Website Hosting

  The cryptocurrency market is once again making an attempt to turn bullish, with Bitcoin (BTC) gaining 2.8% in the past 24 hours to $9,639.51. Ether (ETH) has gained 3.6% to trade at $242.25. However, XRP has gained 0.5% to

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Pound Rebounds From 3-Month Low On Likely Brexit Solution

  The British pound rallied against the greenback yesterday, mainly due to optimism about a possible solution to the Brexit issue. A slight improvement in order backlog data, even though negative, also fueled the pound’s uptrend. Furthermore, the existing home

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Goldman Sachs Downgrades Slack Tech to Sell From Neutral

  The shares of communications software firm Slack Technologies Inc. (NYSE: WORK) was beaten Friday after Heather Bellini, an analyst at Goldman Sachs, downwardly revised the stock to “sell” from “neutral” rating, citing increasing competition from software giant Microsoft (Nasdaq:

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