The firm wants to reign in video games and challenge Intel’s power in PCs with a new line of processors. The current period is not conductive to semiconductor manufacturers. Jerome Powell, the chair of the Read more…
Market picture Bitcoin managed to claw its way to a meaningful round level early in the week, trading at $20,400 on Tuesday morning (+2.8% in 24 hours). Ethereum showed an even more decisive rebound, adding Read more…
Inflation may well take its time coming down, yet the likely root causes have all been addressed in full or in part. The U.S., along with the U.K., the eurozone countries, and many other nations Read more…
Baidu delivered a smaller-than-expected drop in second quarter sales despite what CEO Robin Li described as “a challenging macro environment caused by Covid-19.” Baidu (BIDU) – Get Baidu Inc. Report shares jumped higher Tuesday after the China-based Read more…
Amazon founder took his first steps into the working world at a company with a household name. Jeff Bezos, 58, founded and built one of the biggest tech companies in the world. Amazon (AMZN) – Read more…
The Japanese yen is in positive territory today after starting the week with sharp losses. USD/JPY is trading at 138.22, down 0.34%. Japan releases a host of events on Wednesday, including retail sales and consumer Read more…
Meme-stocks favorite Bed, Bath & Beyond was back on the march Tuesday ahead of the retailer’s turnaround strategy update later in the week. Bed, Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Read more…
Eurozone Economic Sentiment Indicator dropped from 98.9 to 97.6 in August, well below expectation of 102.0. Employment Expectation Indicator rose from 107.2 to 108.0. Industry confidence dropped from 3.4 to 1.2. Services confidence dropped from Read more…
Stock futures bounce as dollar, oil retreat; Bed, Bath & Beyond surges as memers await strategy update; Lucid Group files plans to raise $8 billion in new capital; Peloton delays 10-K filing amid complicated restructuring Read more…
WTI oil is consolidating after 4.2% advance on Monday (the biggest one-day gains since July 18), but keeping positive near-term stance, following a bullish signal on Monday’s close above 200DMA ($95.87) which capped the action Read more…