Posts From Sammy

Sammy

Sammy

Sammy is our forex expert, with over 20 years experience in the financial sector, she will be keeping you up to date with the ups and downs of currencies around the world

Walmart Beats Q3 Earnings, Lifts FY2020 Earnings View

  Retail chain Walmart Inc. (NYSE: WMT) posted fiscal 2019 third-quarter profits that more than doubled from Q3 2018, led by an increase in revenues and a strong performance of Walmart US and International. Notably, non-GAAP earnings per share exceeded

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Pound Surges as UK Avoids Recession in Q3 2019

  The pound rose sharply against the yen yesterday after the data published by the UK Office for National Statistics indicated that the country had avoided a recession in Q3 2019, aided by services and construction. Additionally, the rally was

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Xerox Ends 57-year Partnership With Fujifilm

  Xerox Holdings Corporation (NYSE: XRX) has announced the sale of its 25% stake in Fuji Xerox to Fujifilm in a deal worth $2.30 billion, effectively terminating a 57-year partnership between the two office automation giants. A joint venture deal

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US Economy Grows Better-than-anticipated in Q3

  The euro traded sideways with slight bearish bias against the US dollar yesterday after the US Commerce Department reported a slight slowdown in the economic growth in the third quarter, compared to the previous quarter, but better-than-anticipated by economists.

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Intel Beats Q3 Estimates, Raises FY 2019 EPS, Revenue View

  Intel Corporation (Nasdaq: INTC) reported better-than-anticipated fiscal 2019 third-quarter results, led by the strong performance of Mobileye and memory business. The company also lifted its FY 2019 earnings outlook, while announcing an increase in stock repurchase program. Following the

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Fidelity Unveils Full Cryptocurrency Custody Service

  The cryptocurrency market has turned slightly bullish with the exception of Bitcoin (BTC) and Ethereum (ETH). These two major cryptocurrencies continue to remain under selling pressure. While Bitcoin is trading at $8,187, representing a loss of 0.4% in the

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New Zealand Inflation Accelerates In 3Q 2019

  The New Zealand dollar fell against the greenback yesterday despite the Statistics New Zealand reporting a better-than-anticipated increase in consumer prices in 3Q 2019. Notably, global dairy prices increased slightly in the auction conducted on Tuesday. The main reason

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Goldman Sachs Downgrades Cisco on Weak Corporate Spending

  The shares of Cisco Systems Inc. (Nasdaq: CSCO) declined with 1.47% or $0.69  to close at $46.15 on Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to “neutral” from “buy” rating, on the assumption that nervous enterprises

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Eurozone Investor Confidence Drops To Six-Year Low

  The Eurodollar started the week in a poor form against the greenback. In the European session yesterday, the euro declined against the US dollar following the release of unimpressive factory orders data for August. The euro dollar’s decline was

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GoPro Up On Launch Of HERO8 and HERO MAX Cameras

  The shares of GoPro Inc. (Nasdaq: GPRO) closed on Tuesday at $5.28, up $0.10 or 1.83% from the previous close, following the launch of a new range of action cameras. The launch of the high-end range of cameras is

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