Solo will Trade Back to $2 – Citron Research
Citron Research has termed ElectraMeccanica Vehicles Corp.’s stock, SOLO, a complete joke and said it is overvalued in a Citron’s Tweet. Andrew Left’s Research company believes the stock will trade…
Nike will Pay 12% Higher Dividends Ahead of Sales Bounce
Nike announced on Friday it would raise its quarterly dividend by 12% or 3 cents per share, a rare reflection of financial strength in the middle of COVID-19 pandemic, according…
Ether Wallets with at least 1 ETH hit a Record Figure above 1.17 Million
Ethereum's number of addresses holding 1+ coins reached 1,170,598 on Friday, according to Cointelegraph. Ether traded at over $500, continuing a strong upward trend that started in early November. The…
Vaccine Hopes Rekindle Oil Prices for the Third Week
Brent crude futures gained 28 cents or 0.6%, at $44.46 a barrel at 1027 GMT, and were on track for a third consecutive weekly rise following successful COVID-19 vaccine trials,…
Mnuchin-Powell Differences a Rare Discord Amid a Struggling Economy
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell clashed over whether the U.S. should maintain emergency lending programs to support the economy. In a letter to Fed on…
G-20 Countries have Jointly Deployed $11 Trillion to Support Post-COVID Recovery
G-20 countries have deployed about $11 trillion to accelerate equitable and sustainable recovery from the coronavirus, according to CNBC. The spending is, by comparison, more than twice the gross domestic…
What Moved Markets Today: Thursday FXAudit Review
ECB fiscal support, G-20 joint economic stimulus, Nvidia Q3 revenues and U.S. jobless claims, existing home sales. What impacted the markets today? Global Insights U.S. stocks were weighed down by…
Sales of Existing Homes in the U.S. Rose 4.3% in October, Surpassing Expectations
U.S. sales of existing homes in October rose 4.3% from September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, above expected 6.47 million, according to…
The U.S. Initial Jobless Claims Rise Above Expectations
U.S. seasonally adjusted initial claims for the week ending November 14 was 742,000, up 31,000 from the previous week's revised level and above expected 700,000, according to the Department of…
Nvidia’s Third Fiscal Revenues Rose by 57%. Issues Guidance
Nvidia recorded revenue of $4.73 billion in Q3 2020, a rise of 57% from the prior year and above Q2 revenues of $3.87, according to the company’s press release. Revenue…
Lagarde Calls for Joint Fiscal Support in the European Union
Lagarde has promised a forceful monetary stimulus package in December and urged governments to avail of pandemic relief without delay, reports Bloomberg. European Central Bank President has urged European Union…
What Moved the Markets Today: Wednesday FXAudit Review
Boeing 737 Max approval, Walmart’s gamechanging e-commerce and solid revenues, and top monetary policy moves. What impacted markets at mid-week? Global Insights Despite the push for electric vehicles, top producers…
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