Source: PaxForex Premium Analytics Portal, Fundamental Insight When the pandemic first caused local authorities to introduce quarantine restrictions, the use of social media applications reached unprecedented levels around the world. However, this did not always lead to an increase in the income of these companies as could be expected. Facebook and other social network companies receive the vast majority of their income from advertisers. But spending more time on their platforms is not always profitable if marketers are not interested in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore Industrial Production for September increased by 10.2% monthly and by 24.2% annualized. Economists predicted a decrease of 7.8% and an increase of 2.5%. Forex traders can compare this to Singapore Industrial Production for August, which increased by 15.5% monthly and by 15.4% annualized. The German IFO Business Climate Index for October is predicted at 93.0. Forex traders can compare this to the German IFO Business Climate Index for September, reported at 93.4. The...
Source: PaxForex Premium Analytics Portal, Fundamental Insight CEO Warren Buffett and his company Berkshire Hathaway have long invested in bank shares. Out of the ten largest holdings in the Berkshire portfolio, four of them are banks. But as the coronavirus pandemic hit the economy and the banking sector was severely affected, Bank of America became a clear favorite of Buffett among his banking stocks, as well as among his portfolio holdings. Next, we will talk about what Bank of America means for Berkshire's portfolio. Oracle from...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK GfK Consumer Confidence for October was reported at -31. Economists predicted a figure of -28. Forex traders can compare this to UK GfK Consumer Confidence for September, reported at -30. UK Retail Sales for September increased by 1.5% monthly and by 4.7% annualized. Economists predicted an increase of 0.4% and 3.7%. Forex traders can compare this to UK Retail Sales for August, which increased by 0.9% monthly and by 2.7% annualized. UK Core Retail Sales for September...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chip giant Intel, best known for its PC and data center processors, which have long dominated both markets, is also one of the leading manufacturers of NAND memory chips used in SSDs and smartphones for data storage. While Intel's core business is extremely (and consistently) profitable, the memory chip business is a very different story. NAND chips are marketable products, which means that chips from different vendors are basically the same. Most people have no idea which...
