Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel said it will invest $254 million in Jio Platforms platforms, joining the list of major investors including Facebook, General Atlantic and Silver Lake, which have supported India's leading telecom operator in recent months. Intel Capital is the 12th investor to buy a stake in Jio Platforms. In a statement, Intel Capital president Wendell Brooks said Jio Platforms is focused on its engineering capabilities that enable it to bring low-cost digital services to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Global Covid-19 cases continue to rise, led by daily records in the US, on track to exceed 60,000 infections per day. Healthcare experts believe the country is headed towards more than 100,000 daily cases over the next few weeks. The global economic fallout keeps safe-haven demand elevated. Central banks continue to expand quantitative easing measures, keep interest rates at record lows, and governments issue more debt to stimulate the economy. As the pandemic depresses...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for May was reported at A$8,025M. Forex traders can compare this to the Australian Trade Balance for April, reported at A$8,800M. Exports for May decreased by 4.0% monthly, and imports decreased by 6.0%. Forex traders can compare this to exports for April, which decreased by 11.0% and, and to imports, which decreased by 11.0%. US Initial Jobless Claims for the week of June 27th are predicted at 1,355K, and US Continuing Claims for the week of June...
Source: PaxForex Premium Analytics Portal, Fundamental Insight AT&T (NYSE: T) appears on the radar of many traders as the company's long history provides some security. And wireless access today is practically an indispensable service. The telecommunications giant generates billions of dollars in revenue and free cash flow, but it is also burdened with problems. Here is all you need to know before you decide to trade AT&T. The state of AT&T has deteriorated recently. It has spent billions building a media empire by buying...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The shares of Tesla (NASDAQ: TSLA), a renewable energy company, jumped to a record high, and the ground for it is not that obvious. CEO Elon Musk sent out letters to talk about "break-even", recalling Wall Street that the stock may have only a few weeks away from being added in the S&P 500. As of 14:00 EDT, Tesla shares rose by 6.5%. But at the beginning of the session, it rose slightly higher and reached a market capitalization of $200bn for the first...