Source: PaxForex Premium Analytics Portal, Fundamental Insight It was a tough two years for Boeing, which first faced a situation wherein March 2019, after a couple of fatal accidents, air travel on 737 Max aircraft was suspended, and the pandemic hit the company hard. The company's shares have fallen by about 50% to date, and the second-quarter results of Boeing reminded investors that there is no quick solution to the problem. Boeing lost $4.79 per share, as well as losses in cash equivalents amounted to $5 billion this quarter....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin was rejected by the 12,000 psychological resistance level and is now at the beginning of a corrective phase. The BTC/USD has formed a visible correlation with gold, which dropped below the 2,000 level. Positive developments continue to flare up, like software company MicroStrategy and its allocation of $250 million into Bitcoin as part of its capital allocation strategy. It turned the US-based competitor of IBM and Oracle into a Bitcoin-play, which could further...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Twitter has negotiated with the extremely popular short video sharing application TikTok and its Chinese parent company ByteDance about a potential merger, The Wall Street Journal reported. The merger will affect application users in the U.S., Canada, Australia, and New Zealand. It is not clear whether the negotiations have progressed beyond the preliminary stage. TikTok has over 100 million users in the U.S. who are attracted by the convenience of video creation and the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Bank Lending for July increased by 6.3% annualized. Forex traders can compare this to Japanese Bank Lending for June, which increased by 6.2% annualized. The Preliminary Japanese Current Account Balance for June was reported at ¥167.5B. Economists predicted a figure of ¥110.0B. Forex traders can compare this to the Japanese Current Account Balance for May, reported at ¥1,176.8B. The Japanese Eco Watchers Survey Current Index for July was reported at 41....
Source: PaxForex Premium Analytics Portal, Fundamental Insight As we know, the pandemic poses many health problems, ranging from hospitals trying to treat patients with the disease to patients who have refused the necessary care. But it also highlights how important and vital health care companies and drug manufacturers are now. And one of the biggest names in the industry is Pfizer. Pfizer's business is undergoing many changes, and in a year, it may look very different. The company is also working on a potential vaccine for COVID-19...
