U.S. Consumer Confidence Index falls in October 2020
The U.S. Consumer Confidence Index in October was 100.9, down from September’s 101.3 and below expected 102.0, according to the CEIC press release. The fall in consumer confidence reflects low…
SpaceX’s Starlink Satellite Internet Service Priced at $99 per Month, Email Reveals
SpaceX is expanding its beta test of the Starlink satellite internet service, referring to an email sent on Monday to people who have expressed interest in signing up for the…
Eurozone Banks set to Tighten Credit Access despite Pandemic Concerns
Eurozone banks tightened corporate credit access in Q3 and will curtail further as worries of a fresh wave of coronavirus infections rise, according to European Central Bank’s press release. Credit…
The U.S. Leads Economic Upturn, as Europe Stagnates on Virus Containment Measures
Flash PMI data for the G4 developed economies remained largely unchanged in October as rising COVID-19 restrictions slowed recovery, especially in the service sector, according to IHS Markit. In the…
Microsoft Partners with Adobe and C3.ai to compete with Salesforce
Microsoft Corporation will partner with Adobe Inc. and C3.ai to compete with Saleforce.com Inc., the market leader of customer-software, according to Bloomberg. Microsoft, the globe’s leading software maker, has been…
Demand Uncertainties and Libyan Production Dampening Oil Prices
Oil prices declined on Monday, extending the losses sustained last week after the resurgent of the coronavirus pandemic in the U.S. and Europe and Libya’s growing production, according to Reuters.…
Bayer Is Making Inroads in Gene Therapy through Asklepios Acquisition
Bayer AG will acquire Asklepios BioPharmaceutical Inc. (AskBio), a U.S. biotech firm, for $4 billion as the German pharmaceutical and chemical market bets on gene therapy, according to the company's…
Pandemic Recovery. U.S. Economy Starts Q4 on Strong Footing
The U.S. economy has started Q4 solidly as private sector business activity in September grew to a rate not seen since early 2019 despite being weaker than August level, according…
Speculative nature: Getting Started with Derivatives
Have you been thinking about diversifying to ensure passive sources of income? Are you hoping to put away your cash and thrash the rising swelling in the economy? Derivatives have…
FDA Approves Gilead’s Antiviral Drug Veklury
The U.S. Food and Drug Administration (FDA) has approved Gilead Sciences Inc.’s Veklury (remdesivir), an antiviral drug for the treatment of patients with COVID19 requiring hospitalization, according to the company’s…
Trump and Biden: Remarks on Final Presidential Debate
The U.S. final presidential debate held in Nashville, Tennessee on Thursday evening saw Trump and Biden raise key points to woe undecided American voters, according to Reuters. Here are the…
Barclays Q3 2020 Results Presentation
Barclays Group Q3 2020 income was £5.2 billion, down 6% from the prior year, according to the company’s press release. Earnings per share (EPS) is 7.6 pence down from Q3…
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