Source: PaxForex Premium Analytics Portal, Fundamental Insight In 2016, International Business Machines (IBM) embarked on a multi-billion-dollar venture into the realm of data and the Internet of Things through the acquisition of The Weather Company's business-to-business, mobile, and web assets. Although the exact financial details were never disclosed by IBM, industry experts approximated the deal's value to exceed $2 billion. The driving force behind this acquisition was the pivotal role of data. The Weather Company's...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary French HCOB Manufacturing PMI for August is predicted at 45.0, the Preliminary French HCOB Services PMI at 47.5, and the Preliminary French HCOB Composite PMI at 47.5. Forex traders can compare this to the French HCOB Manufacturing PMI for July, reported at 45.1, the French HCOB Services PMI at 47.1, and the French HCOB Composite PMI at 46.6. The Preliminary German HCOB Manufacturing PMI for August is predicted at 38.7, the Preliminary German HCOB Services PMI...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Each investor is guided by unique timelines and objectives, shaping their portfolio composition in alignment with these aspirations. While dividends might hold little appeal for some, they hold significant value for others, even if it entails sacrificing certain market gains. This distinction is particularly evident in the case of AT&T investors, who are presented with an enticing 7.9% yield, ranking among the market's finest. Curious about whether AT&T stock should...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Bitcoin-inspired sell-off has applied downward pressure on the entire cryptocurrency sector, but the bearish implications begin to fade as long-term investors seek entry opportunities to add to their portfolios. The massive correction also eliminated many speculative positions, allowing stability to return to established projects. Ethereum faces a standoff between bulls and bears, which could result in a volatility spike. Short-term selling pressure increased after Ethereum...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla's second-quarter results, which concluded on June 30, revealed revenue of $24.9 billion and adjusted earnings per share of $0.91—both significantly exceeding expectations set by Wall Street. By that juncture, the stock had surged an impressive 137% in 2023. However, the narrative changed drastically after the earnings announcement on July 19, as Tesla's shares plummeted by 21% by August 16. Evidently, shareholders are grappling with a sense of disappointment...
