What Moved Markets Today: Wednesday FXAudit Review
U.K auto sales recording the lowest levels since 1992, followed by Fiat Chrysler U.S auto sales declining more than the industry average. Tiffany posting record net sales boosted by China’s…
U.K Auto Sales Plummet to Hit Lowest Since 1992 Despite Surge in EV
Sales of new cars in the U.K fell by almost 30% in 2020 due to the coronavirus pandemic and shuttering of showrooms, reports CNBC. New car registrations amounted to 1,631,064…
Tiffany Banks on China’s Online Sales to Post Record Net Sales
Tiffany's holiday net sales rose by 2% to hit a record high, mainly due to China sales and online transactions, according to MarketWatch. Chinese mainland sales increased more than 50%…
Fiat Chrysler’s U.S Auto Sales Tumbled 17.4% in 2020 on Pandemic Woes
Fiat Chrysler sales in the U.S dropped by 17.4% in 2020, more than the expected industrial decline of 15%, CNBC reports. Sales decline narrowed in the fourth quarter, recording a…
China Stock Index Hits a 13-Year High, Tops the 2015 Bubble Peak
The CSI 300 Index rose 1.9% on Tuesday to surpass the 5,353.75-point mark registered on June 8, 2015. The Tuesday average was the highest since 2008 for a benchmark that…
Bitcoin will Rise to $146,000 in the Long-term, Says JP Morgan
JPMorgan Chase & Co projects Bitcoin to hit a record $146,000 in the long term as it competes with gold as an asset class, reports Yahoo! finance. The outlook depends…
Why Paypal Stock Is A Buy On A Pullback
PayPal is seeing growing demand for its digital payment services. The company has been a beneficiary of the pandemic. Digital payments uptake has increased as people try to reduce cash…
Pandemic Helps Ackman’s Pershing Square to Hit a Record 70% Return
Bill Ackman’s Pershing Square Capital Management reported a straight record performance in 2020 with a fund return of 70%, according to Bloomberg. The fund had a net return of 4.6%…
NYSE will no Longer Delist Three Chinese Telco Giants
The New York Stock Exchange said on Monday it will no longer delist three Chinese telecommunication giants, CNBC reports. The NYSE dropped the plans after “further consultation with relevant regulatory…
Slack on a 2021 Rocky Start, Asks Users to Check Updates
Slack was down for many users on Monday morning as it faced a bumpy start on the first workday of 2021, reports Business Insider. DownDetector showed over 15,000 reports detailing…
Mexico Set to be World’s Largest Legal Cannabis Market
Mexico will become the world’s largest legal cannabis market if Congress legislation is passed in the coming weeks, according to the Wall Street Journal. Lawmakers in the lower house say…
Pelosi Narrowly Re-Elected as House Speaker Despite Political Uncertainty
Nancy Pelosi was re-elected speaker of the U.S House of Representatives on Sunday by a 216-209 margin as the new Congress took office, according to Reuters. Her re-election comes when…
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