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Gold prices settle around $1,800 as ETF demand hits record high

[Jul 10 10:34 AM] Gold has done extremely well for itself so far in 2020, and for a good reason. While some economists had hoped that the economy would recover during the summer months as lockdowns eased up, it seems that the economic damage from this pandemic is…

Epic Games debuts facial expression tool

[Jul 9 3:59 PM] New third-party technology is working with Apple systems to innovate a different kind of facial recognition.   In reporting of the last couple of months, we’ve highlighted the ingrained skepticism that government and business parties have for…

United Airlines considers laying off 45% of all workers

[Jul 9 12:34 PM] The airline industry as a whole is in a terrible state at the moment. Industry experts have said that things have never been this bad for airline companies, while rumors of potential bankruptcies continue to circulate. As investor confidence in…

Good times for Dogecoin

[Jul 8 2:37 PM] One of the big gainers in today’s cryptocurrency market is an unlikely contender with a dog’s face. Zack Voell at Coindesk reports today that dark horse digital asset Dogecoin gained 35% in value, while volume spiked to 2000%, in recent days…

Walmart plans to launch program to compete with Amazon prime

[Jul 8 12:53 PM] Among other developments, news broke out on Tuesday that Walmart (NYSE: WMT) is preparing to launch its own delivery membership that would compete with Amazon Prime. Considering just how successful the Amazon Prime program has proven to be so far…

Flare-up in coronavirus cases weighs on U.S. stock futures

[Jul 8 12:43 PM] Stocks set to open lower U.S. stock futures were trading slightly lower on Wednesday morning as the number of confirmed coronavirus cases reported nationwide neared 3 million, undermining hopes for a speedy economic rebound. The death toll…

Deutsche Telekom ties to Huawei under scrutiny

[Jul 7 4:31 PM] Deutsche Telekom says it’s not so, but German newspapers are uncovering indications that the German firm may be broadening its contacts to blacklisted Chinese telecom company Huawei.   Although Deutsche Telekom spokespersons contend this is…

Uber officially makes an offer to buy out Postmates

[Jul 7 11:41 AM] While some might consider now to be a bad time to be making out buyout proposals, there are still quite a few companies willing to take the risk at this time. With the uncertainty with the coronavirus, shares of many companies are trading more…

Covid hotspots a boon to workers under pressure

[Jul 6 2:20 PM] In the pandemic era, millions more of us are now working remotely for the first time. Remote work setups do a lot to implement key social distancing, to limit the spread of the dangerous virus. They primarily require two things – adequate hardware…

Boeing’s canceled 737 airliners to begin tests soon

[Jul 6 12:53 PM] The airline industry as a whole has been having a difficult time due to this coronavirus pandemic. While this isn’t anything new, a potential second major outbreak could end up further hurting the already financially hurting the airline…

Oil prices hits highest point since March

[Jul 3 12:50 PM] Just a couple of months ago, oil prices were trading in the negative for the first time in history. However, prices have since staged a pretty impressive recovery, especially since many traders had been scared that prices might go back to negative…

TSLA comes on strong in Q2

[Jul 3 12:47 PM] Amazingly, Tesla seems to have blown through estimates of production numbers for the second quarter of this year, despite the high-profile closing of the Fremont, California plant for coronavirus and all of the setbacks that entailed for the…

Major tech CEO’s set to testify before Congress in July

[Jul 2 1:47 PM] Big tech scrutiny is continuing to mount despite everything else that’s been going on with the coronavirus and other issues. With many companies accused of violating antitrust laws, including using information gathered from third-party…

U.S. stocks set to open slightly lower as new quarter dawns

[Jul 1 12:51 PM] Futures edge lower U.S. stocks were trading slightly lower on Wednesday morning, suggesting that Wall Street will kick off the new quarter on a negative note after capping its best three months since 1998. As of 5:50 a.m. ET, futures for the Dow…

FedEx reports better-than-expected second quarter results

[Jul 1 11:52 AM] E-commerce companies around the world reporting significant increases in online revenue. As such, it should come to no-one’s surprise that many delivery companies around the world have also seen a significant increase in sales as well. Most…

Stocks poised for mixed open ahead of Powell, Mnuchin testimony

[Jun 30 12:43 PM] Powell, Mnuchin testimony eyed U.S. stock futures pointed to a mixed start for Wall Street on Tuesday as traders awaited Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin to appear before the House Financial Services…

German agencies respond to Wirecard scandal

[Jun 29 4:48 PM] The latest from the Wirecard scandal rattling German markets involves the national regulator dropping a third party called the Financial Reporting Enforcement Panel (FREP) that was supposed to be checking up on firms in the industry.   Reuters…

Facebook shares fall as ad boycott continues to grow

[Jun 29 12:58 PM] Major advertisers have been changing how they use social media giants in light of everything that’s going on right now. Among many other companies, Facebook is one social media platform that derives almost all of its revenue from advertising…