Tag Archives: Market News

The geopolitical tensions are high as Iran said that it will no longer abide by uranium enrichment limits and Donald Trump has claimed to attack them like “they’ve never been before”.While this is happening, WTI oil prices increased by as much as 2% overnight (and it is quite impressive, right?) as Brent Crude topped $70 per barrel. Since September this is the first time that such a situation has happened. Also, it’s worth mentioning that gold managed to almost reach $1,600/ounce which is the...

Lora Haddock was banned from the Consumer Electronics Show. This year, she returns with more toys while the morale fans keeping calm.Sex Toys Industry Significantly Evolved during 2019The company has introduced its products to women at the beginning of 2019. But the Consumer Technology Association has revoked the award from the tech startup called Lora DiCarlo. They thought that it is not an innovation in the pleasure industry, but just a new generation of vibrators.However, the sales stats...

It’s the very first week of 2020 and we are having a big-bang announcement from tech giant Samsung. The Korean tech giant has announced a ‘Lite’ version of its two flagship handset – Galaxy Note 10 and Galaxy S10.While carrying its flagship ballpark, both these handsets cater to the needs of users looking for mid-range devices. Both these new versions will restore some of the key features of the flagship models. This includes the Signature S Pen, the latest camera technology, long-lasting...

The price of oil has now jumped and is on its way to $70, in the wake of a recent U.S. airstrike on a top general from Iran. Authorized by President Donald Trump, the airstrike targeted and killed General Qassem Soleimani. The general was the leader of the Revolutionary Guards’ Quds force.In response to the development, brent futures jumped over 4% even as tensions began to heighten.According to a report from the Pentagon, Soleimani was killed because he was “actively developing plans to...

Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When US President Donald Trump ordered an airstrike that killed Iranian general Qassem Soleimani, he also unleashed a shockwave through global financial markets. Major stock indices cratered as investors fled into safe-haven assets like gold, and oil prices...

Tesla will begin deliveries for the company’s first-ever Tesla Model 3 vehicles produced in China. According to a Reuters report, a Tesla representative confirmed that the company will begin on Tuesday the 7th of January. Deliveries will happen during an event that will take place at the Tesla factory in Shanghai.For a while now, the company has been making specific efforts to bite a bigger share of the global auto market. Apart from this, Tesla’s move is a direct way to fend off the effects...

Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree.In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment.Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at...

As far as the S&P 500 index is concerned, Amazon seems to have hit a new record this holiday season. According to a Bloomberg report, the e-commerce giant’s sale of “tens of millions” of Amazon products, cemented a “record-breaking” end of the year.Amazon S&P 500 RecordAmazon’s low-volume trading, shortly after Christmas, ensured its top spot on the S&P 500 as it jumped by 3.4%. As holiday shopping continued to increase, other stores including J.C. Penney Co., Macy’s Inc. and...

Beijing-Shanghai High-Speed Railway Co. is said to kick off its initial public offering on January 6, 2020. This will be the first IPO, where investors will be able to buy shares in what we can call the world’s largest network of this kind.The operator of China’s high-speed rail line between Beijing and Shanghai is a unit of state-owned China Railway Corp. It said to sell as many as 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai. Still, the company...

The general consensus this year, even by people who aren’t exactly deep into financial metrics, is that 2019 has been mostly good. On average, global stock markets have performed impressively and still push on. For specifics, Deutsche Bank’s Chief Economist Torsten Slok has highlighted the global stock markets’ 2019 pump to be over $17 trillion.For several reasons including more attention by government and financial authorities, the progress has been quite noticeable. According to Slok,...