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US stocks dropped on yesterday’s closing affected by the Federal debt ceiling headed for a crucial vote in Congress. At ...
01/06/2023

US stocks dropped on yesterday’s closing affected by the Federal debt ceiling headed for a crucial vote in Congress. At the same time, the strong labor market data has confused investors’ direction who fear the Federal Reserve might hike interest rates again in June. The Dow Jones Industrial dropped 0.41% to 32,908.27, S&P 500 dropped 0.61% to 4,179.83 and Nasdaq lost 0.63% to 12,935.29.

The California Journalism Preservation Act has come out with a requirement for the ONLINE PLATFORMS to pay publishers. C...
01/06/2023

The California Journalism Preservation Act has come out with a requirement for the ONLINE PLATFORMS to pay publishers. Caused the Meta platform plans in removing news content in California mentioned on Wednesday in order to pass the state government legislation forcing tech companies to pay publishers.

Risk of buying foreign stocks as of currency risk which foreign stocks are denominated in foreign currencies. Even thoug...
29/05/2023

Risk of buying foreign stocks as of currency risk which foreign stocks are denominated in foreign currencies. Even though you may choose to buy in local currency, when you sell, there is still a currency risk. Currencies in some countries may fluctuate more rapidly due to many factors that are beyond our control.

Global shares futures rose on Monday after the news regarding U.S. President Joe Biden on Sunday finalized a budget agre...
29/05/2023

Global shares futures rose on Monday after the news regarding U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy. The Nikkei jumped to enter the midday break up 1.32% at 31,325.84. While Brent crude futures added 0.7 to $77.51 a barrel and U.S. West Texas crude gained 0.1% to $73.4 a barrel. Gold prices were 0.2% lower at $1,943.19 per ounce.

The market shares limp toward the U.S. debt denouement. Meanwhile, aside from notable results in Japan, the AI rally tak...
26/05/2023

The market shares limp toward the U.S. debt denouement. Meanwhile, aside from notable results in Japan, the AI rally takes a breather. MSCI's broadest index added 0.3%. While one of the U.S. officials told Reuters, PM Joe Biden, and top congressional Republican Kevin McCarthy are near a deal to raise the United States government’s $31.4 trillion debt ceiling for two years. Sport gold dropped heavily to $1,949 an ounce.

Ford CEO Jim Farley announced in the public said that a joint with Tesla owner Elon Musk. As mentioned in the Reuters ne...
26/05/2023

Ford CEO Jim Farley announced in the public said that a joint with Tesla owner Elon Musk. As mentioned in the Reuters news, Tesla is in the process to open its network of superchargers In the United States and Canada to supply Ford electric vehicles from 2024. Their target in early 2024, is 12,000 Tesla supercharges and high-speed supercharges across the US.

Asia shares dropped to a two-month low on Thursday due to the negotiations on the U.S. debt ceiling which cause investor...
25/05/2023

Asia shares dropped to a two-month low on Thursday due to the negotiations on the U.S. debt ceiling which cause investors worries which may hit the global economy if the U.S. government defaults. China shares eased 0.01% and Hong Kong’s Hang Seng index dropped 1% in early trading. The yen dropped 0.11% to 139.62 per dollar and the sterling last traded at $1.2347 which fell 0.14%. U.S. crude dropped 0.35% to $74.08 per barrel and Brent down 0.22% to $78.19.

Indonesia and Malaysia the most well-known palm oil producers will send their representatives to the European Union next...
25/05/2023

Indonesia and Malaysia the most well-known palm oil producers will send their representatives to the European Union next week to raise the concern about the new deforestation law as both of the producers said the new law may be detrimental to small farming businesses. The exports have reached 85% of global palm oil and the EU is the third largest market order from them.

WeWork Inc said on Wednesday that the current CFO Andre Fernandez who work for the company for less than a year intends ...
25/05/2023

WeWork Inc said on Wednesday that the current CFO Andre Fernandez who work for the company for less than a year intends to resign on June 1. However, the company said the resignation was not a result of any disagreement. WeWork shares have fallen about 87% in the year 2023. In the year 2019 the valued at $47 billion and now has a market capital of $404.7 million as of the last close.

Virgin Orbit an Aerospace company has shut the firm operations as reported on Tuesday while the good has been sold after...
24/05/2023

Virgin Orbit an Aerospace company has shut the firm operations as reported on Tuesday while the good has been sold after closing at $36.4 million. The sell of assets to small-launch firm Rocket Lab USA Inc. The purchase agreement includes machinery and equipment that had been used to manufacture Virgin Orbit's flagship LauncherOne rockets.

As a final step to jump out from being blocked by British regulators, who prevented the Facebook owner from purchasing t...
24/05/2023

As a final step to jump out from being blocked by British regulators, who prevented the Facebook owner from purchasing the platform. Meta sell the Giphy at the price of $53 million to Shutterstock yesterday reported by BS News. Giphy with 1.7 billion daily users and partners with social media companies including Facebook, Instagram, WhatsApp, Tiktok, and Twitter.

Gold prices were calm down in early Asian trade on Tuesday as the long-drawn U.S. debt ceiling discussion after the U.S....
23/05/2023

Gold prices were calm down in early Asian trade on Tuesday as the long-drawn U.S. debt ceiling discussion after the U.S. PM Joe Biden and the top congressional Republican struggled to make a deal. Spot gold edged 0.1% higher at $1,971.09 per ounce and U.S. gold futures fell 0.3% to $1,972.10. Spot silver fell 0.1% to $23.64 per ounce, platinum shed 0.3% to $1,063.97, and palladium lost 0.3% to $1,487.07.

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