Source: PaxForex Premium Analytics Portal, Fundamental Insight Walmart is getting rid of its risky dependence on third-party suppliers. At first glance, this may seem like a casual announcement on a day of uneventful news. But there is actually more to last week's announcement that Walmart is investing in a Nebraska beef processing facility owned by a consortium of livestock farmers. The move is just one of many steps the world's largest retailer is taking to ensure that it has enough of the right products to sell to consumers....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK GDP for July increased 0.2% monthly, came in flat at 0.0% for the three-month-over-three-month period ending in July, and rose 2.3% annualized. Economists predicted an increase of 0.4%, 0.1%, and 2.6%. Forex traders can compare this to the UK GDP for June, which decreased 0.6%, contracted 0.1% for the three-month-over-three-month period ending in July, and expanded 1.9% annualized. UK Construction Output Seasonally Adjusted for July decreased 0.8% monthly and increased 4...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Most families in the U.S. can be described as Disney families, but lately many have been questioning their commitment to the House of Mickey. While the company has been drawing attention lately with its recent Disney+ Day event, investors should pay attention to the negative talk among the company's biggest fans. That's why good news at the moment could turn out to be bad news in the future. Disney is a public company, which means it is obligated to maximize profits for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrency traders and Ethereum enthusiasts count the day to the long-awaited Merge, which Ethereum has labeled the “biggest event in crypto history.” It switches the energy-intensive proof-of-work (PoW) protocol to a more efficient proof-of-stake (PoS) protocol, which could lower power consumption by 1,000 times. It means miners are no longer required to verify transactions on the blockchain. Ethereum has already completed the first phase of the Merge, known as...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of industrial conglomerate 3M ended July on impressive notes but failed to maintain momentum. They were down 13.2% in August, according to S&P Global Market Intelligence. In July, 3M made a huge announcement that helped its stock soar, but a protracted lawsuit that could cost the company billions of dollars caused investors to panic and caused the stock to plunge to multi-year lows. 3M faces huge legal risks, including lawsuits by veterans over defective earplugs...