Despite there still being work to be done to further diversify the crypto space, many believe the blockchain sector is generally more diverse than other tech industries. This could be because cryptocurrency boasts financial inclusion and the democratization of global economics, attracting a wide variety of people from various nationalities, ethnicities, genders, etc., from around
New Delhi: Gold futures on Thursday slipped 0.32 per cent to Rs 46,371 per 10 gram as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold for the April delivery fell Rs 151, or 0.32 per cent, to Rs 46,371 per 10 grams in a business turnover of 13,350
Surging global yields remain the major focus today, with Germany 10-year bund yield hitting as high as -0.234, while UK 10-year gilt yield reaching as high as 0.818. Earlier in Asia, Japan 10-year JGB yield closed strongly at 0.152. US 10-year yield is also trading above 1.45. In the currency markets, Euro is trying to
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000 new claims for the week ended Feb. 20, the Department of Labor reported. The unemployment rate has also been falling, dropping to 6.3% in January. Signs of improvement in the labor market may create the
An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Daniel Acker | Bloomberg | Getty Images Domino’s Pizza on Thursday reported quarterly earnings missed estimates as pandemic costs weighed on profits and U.S. same-store sales growth slowed. The pizza chain also released a new outlook for the next two to
EUR/JPY has surged sharply higher again and analysts at Credit Suisse stay bullish for the 130.13/16 “measured triangle objective” and now they think higher to 132.55. Key quotes “EUR/JPY has surged higher again for a move with ease above the ‘measured base objective’ and 61.8% retracement of the 2018/2020 bear trend at 128.67/70, leaving the
MUMBAI: The rupee depreciated 6 paise to 72.41 against the US dollar in opening trade on Thursday tracking weakness in Asian peers. At the interbank forex market, the domestic unit opened at 72.35 against the US dollar, then lost further ground and touched 72.41, registering a fall of 6 paise over its previous close. On
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb
Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia beat elevated analyst expectations for both earnings and revenue for the fourth quarter of its fiscal year, which ended in December. Nvidia stock rose under 2% in extended trading. Here’s how Nvidia did: Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by
NZD/USD stays firmer around 42-month high flashed recently. RBNZ’s Orr raised bars for policy tightening, NZ FinMin requires RBNZ to focus on housing, government financial policy. Fed policymakers’ comments, broad US dollar weakness also back the bulls. ANZ Business Confidence and Activity Outlook for New Zealand can offer immediate direction but risk catalysts remain as
In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be “the first digital currency to represent a fiat currency” issued and backed by a North American bank. VersaBank said
NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session. Silver also declined Rs 886 to Rs
Selling focus appears to be turning to Yen as markets enter into US session. Swiss Franc remains weak but the decline is slowing slightly. Dollar and Euro are also soft, but both are supported by buying against Yen and Franc. On the other hand, commodity currencies remain the strongest ones for today as led by
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher
The Bank of Japan (BOJ) must conduct a genuine review that takes a harder look at the rising side-effects of prolonged easing, former central bank Deputy Governor Hirohide Yamaguchi told Reuters. Key quotes “The costs of the bank’s stimulus programme have become too large to mitigate in the review in March.” “It’s unlikely the BOJ
One of Southeast Asia’s biggest crypto exchanges is blaming a technical glitch for the price of Bitcoin dropping down to 300,000 PHP, roughly $6,100, on Feb. 16. An unknown number of customers of the Philippine Digital Assets Exchange, or PDAX, managed to buy thousands of BTC from the exchange at a massive discount, making them
NEW DELHI: Gold and silver futures prices gained on Wednesday following the trend in the international market, as the US Federal Reserve reiterated its vow to support the economy. Federal Reserve Chair Jerome Powell in his testimony before the US Senate Banking Committee pushed back on suggestions that loose monetary policy risked unleashing inflation and
At the testimony before the Senate, Fed Chair Jerome Powell cautioned that the economic recovery is uneven. He pledged to maintain sufficient support to achieving the employment and inflation targets. Concerning economic developments, Powell refrained from sending a too optimistic message. He affirmed that the recovery highly depends on the pandemic situation. He noted that
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