Source: PaxForex Premium Analytics Portal, Fundamental Insight Under previous CEO Randall Stephenson, AT&T took on huge debt to build an entertainment empire. But the high costs of rolling out a 5G network and the aggressive character of the U.S. telecommunications market have prompted current CEO John Stankey, who is only in his first year in the job, to back away from his predecessor's decisions. AT&T's stock price fell after it said that its WarnerMedia unit would merge with Discovery to form a new entertainment company...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of Chinese tech giant Alibaba Group Holding fell 14.4 percent in August, according to S&P Global Market Intelligence. Although Alibaba became the first major Chinese tech company to face fines and regulations late last year, the punishment continued in July, when shares fell 13.9%, and in August, when shares fell another 14.4%. The culprits behind Alibaba's continued August decline in shares were an earnings report that fell short of expectations for the top line...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Construction PMI for August is predicted at 56.9. Forex traders can compare this to the UK Construction PMI for July, reported at 58.7. Eurozone Sentix Investor Confidence for September is predicted at 19.7. Forex traders can compare this to Eurozone Sentix Investor Confidence for August, reported at 22.2. Trading volumes today might be lower with the Labor Day weekend in the US, resulting in reduced trading, which can cause more volatility on thinner volume. September...
Source: PaxForex Premium Analytics Portal, Fundamental Insight International Business Machines continues to transform itself into more of a cloud computing company. Since it acquired Red Hat a couple of years ago, it has increasingly distinguished itself as a hybrid cloud leader. In addition, the spin-off of the managed infrastructure services business may allow IBM to focus solely on that growth. Nevertheless, while IBM offers investors many reasons to buy, one key issue may scare off some investors in the near term. The first...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Markit/CIPS Services PMI for August is predicted at 55.5, and the UK Markit/CIPS Composite PMI is predicted at 55.3. Forex traders can compare this to the UK Markit/CIPS Services PMI for July, reported at 59.6, and the UK Markit/CIPS Composite PMI reported at 59.2. The US NFP Report for August is predicted to show 750K job additions and an unemployment rate of 5.2%. Forex traders can compare this to the US NFP Report for July, which showed 943K job additions and an...
