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…
Walmart Revenues Grew up 5.2% in the Third Quarter. U.S. E-Commerce Sales Rose 79%
Walmart’s revenue in Q3 was $134.7 billion, up to $6.7 billion or 5.2%, year over year, according to WMT earnings report. U.S. e-commerce sales rose 79% with strong results across…
Fed Voting Obstacles, Expiring Aid Programs, and ECB Policy
In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments: Shelton’s time is running out in…
Overheating Batteries are a Hindrance to the EV Push-Reuters
Vehicle recalls and investigations are facing major electric vehicle (EV) makers worldwide, according to Reuters. The EV makers are facing challenges after a series of fires from overheating batteries in…
Boeing 737 Max to Fly Passengers Again after FAA Approval. Stocks Soar
The Federal Aviation Administration issued an order on Wednesday allowing Boeing 737 Max to carry passengers again, sending stock up 5% in premarket trading, according to the FAA press release.…
Airbnb Files to go Public, Despite 19% Profit Falls in Last Quarter
Airbnb filed its prospectus on Monday as it seeks to debut on NASDAQ under the ticker symbol "ABNB," according to the company’s S-1 filling. The company's revenues fell nearly 19%…
Amazon Expands Push into Healthcare with Online Pharmacy
Amazon announced new pharmacy offerings on Tuesday as it pushes into the healthcare industry through affordable and accessible medicine, according to the company’s press release. Amazon Pharmacy, the new store,…
Samsung Invests $116 Billion in Chip Business to Close Gap with TSMC
Samsung Electronics poured $116 billion into its next-generation chip business, as semiconductors’ wars intensify. That includes fabricating silicon for external clients, according to Bloomberg. Samsung is betting it can close…
Tesla Surges on Joining S&P 500 in December
Tesla shares rose 15% to $467.50 in extended New York trading and 9.6% on Germany’s Tradegate exchange on Tuesday following news that it will Join S&P 500 on December 21,…
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