Day: October 5, 2020

First-Time Jobless Claims and Coronavirus Pandemic, The state of the U.S. economy

First-Time Jobless Claims and Coronavirus Pandemic

Millions of people across the world lost their jobs due to the coronavirus pandemic. Moreover, the pandemic is far from being over. The world’s largest economy suffered losses, as companies are struggling to avoid the worst-case scenario. Interestingly, first-time claims for unemployment insurance totaled 837,000 totaled two weeks ago based on the information provided by …

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oil

Oil Rallied by 2% on Monday. What Caused the Price’s Boost?

Oil prices jumped by approximately 2% on Monday after U.S. President Donald Trump’s doctors suggested he could be discharged from hospital as soon as Monday. Trump tested positive for the coronavirus a few days ago, causing turbulence on the markets. However, the U.S. president’s health update eased political uncertainty, lifting Brent to $39.96 a barrel, …

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google

Google’s New Billing System and Indian App Developers

Alphabet Inc’s Google made an important decision. It is worth mentioning that Google extended its deadline for the Indian app developers to comply with a new billing system for commission fees by six months. Hence, the tech giant made this announcement on Monday. People should take into account that Google will now enforce its global …

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Euro, Yen, Dollar

Trump and His Wife Are COVID-Positive: Euro, Yen, Dollar

Let us check the market. After Trump’s positive test, the United States dollar made modest, nevertheless broad gains. The Australian dollar index showed -0.5%. Meanwhile, the greenback was at +0.2%. Thus, analysts forecast face disruption of the campaign. The United States President Donald Trump tested positive for COVID-19. Thus, he entered quarantine. So, the safe-haven …

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Bitcoin

Cryptocurrency Market: Bitcoin, Traders, and Other News

Let us check the crypto market. Volume and Open interest of the Bitcoin futures have been in steady decline. Nonetheless, it can help to catalyze the next rally. Open interest and Bitcoin futures volume are declining rapidly. Since September, futures of Bitcoin volume has dropped by sixty percent from over twenty-five billion dollars to around …

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