Posts From Janine

Janine

Janine

Janine is our editor for related stock market news. Andrew and Janine will be focusing on providing the latest trends and where the next hit could be

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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Oil Field Service Provider Schlumberger Beats Q4 Estimates

  International oil field services company Schlumberger Ltd. (NYSE: SLB) published fiscal 2019 fourth-quarter profit that declined from the corresponding quarter last year. In other related news, the company’s CFO Simon Ayat has announced his plan to step down this

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China’s Central Bank Finishes Joint Trial of its CBDC

658+The heightened tensions between the US and Iran have once again lured investors to the cryptocurrency market. Bitcoin (BTC) has rebounded above the critical resistance level of $8,300. At the time of writing this article, Bitcoin (BTC) is trading at

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Yen Loses Steam as Markets Brush Off US-Iran War Scenario

  The Japanese yen, a safe-haven asset, rose against the greenback in the Asian session yesterday on the news report that Iran attacked two of the US military bases in Iraq. However, the risk-off mode waned in the European session

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Barclays Upwardly Revises Cisco to “Overweight”

  Shares of Cisco Systems Inc. (Nasdaq: CSCO) rose $1.24 or 2.66% to close at $47.88 after Tim Long, an analyst at Barclays upwardly revised the stock to “overweight” from “equal weight” on the basis of numerous product cycles that

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Australia Downwardly Revises Budget Surplus on Slower Growth

  The euro dollar rose against the Aussie after the Eurozone posted a mild growth in December, ending the final quarter of the year with output at its weakest pace since the economy started recovering in 2Q 2013, as per

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Needham Downgrades Netflix on Increasing Competition

  Shares of Netflix Inc. (Nasdaq: NFLX) lost 3.10% or $9.38 to close at $293.12 after Laura Martin, an analyst at Needham, downgraded the stock’s rating to “underperform” from “hold,” assuming a drop in US customers by 4 million in

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Deutsche Boerse’s DLT Platform Sees First Transaction

  The cryptocurrency market remains range bound with a slight bearish bias. Bitcoin (BTC) continues to hover between $7,100 and $7,300 levels. At the time of writing this article, Bitcoin was trading at $7,192.64, representing a gain of 0.4% in

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Cleveland-Cliffs Buys AK Steel in $1.1bln All-Stock Deal

  Mining and natural resources company Cleveland-Cliffs Inc (NYSE: CLF) is acquiring steel products manufacturer AK Steel Holding Corp (NYSE: AKS) in an all-stock deal valued at roughly $1.10 billion. The merger deal has been announced a day after President

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BNY Melon Joins Blockchain Focused Marco Polo Network

  The cryptocurrency market saw huge volatility yesterday, with Bitcoin (BTC) dipping below $7,000 and rebounding quickly to reach $7,500 levels. The news of South Korea’s Upbit cryptocurrency exchange hacking incident triggered panic selling in the market. However, the market

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