Gold Holds Decline After Fed Minutes as Dollar, Yields in Focus By Bloomberg

© Reuters. Gold Holds Decline After Fed Minutes as Dollar, Yields in Focus (Bloomberg) — Gold held a drop, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks. Minutes from the Fed’s March 16-17 meeting released Wednesday showed officials… Continue reading Gold Holds Decline After Fed Minutes as Dollar, Yields in Focus By Bloomberg

Published
Categorized as Market

Vernon Jordan, activist and former Clinton adviser, has died at 85

ATLANTA (AP) — Vernon Jordan, who rose from humble beginnings in the segregated South to become a champion of civil rights before reinventing himself as a Washington insider and corporate influencer, has died, according to a statement from his daughter. He was 85. Jordan’s daughter, Vickee Jordan Adams, released the statement Tuesday to CBS News.… Continue reading Vernon Jordan, activist and former Clinton adviser, has died at 85

Published
Categorized as Market

Instacart valued at $39bn in funding round ahead of IPO

Grocery delivery app Instacart has raised $265m from its existing investors, doubling the company’s valuation following the pandemic boom in demand. Instacart, the US market leader in the grocery app sector, said the round valued the company at $39bn, up from $17.8bn at the time of its previous fundraise, which closed in November last year.… Continue reading Instacart valued at $39bn in funding round ahead of IPO

Published
Categorized as Market

Graph Blockchain Announces Acquisition of the Chainlink Token (“LINK”) INN

Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (“Graph” or the “Company”) as a follow up to our news release on April 6, 2021 is pleased to announce the Company has deployed capital into a third cryptocurrency, Chainlink’s token (“LINK Token”), for the purpose of staking. As part of our recent deployment of $2,000,000 previously announced… Continue reading Graph Blockchain Announces Acquisition of the Chainlink Token (“LINK”) INN

Published
Categorized as Market

Coca-Cola FEMSA (KOF) Q4 2020 Earnings Call Transcript The Motley Fool

Image source: The Motley Fool. Coca-Cola FEMSA (NYSE:KOF)Q4 2020 Earnings Call Feb 25, 2021, 9:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, everyone, and welcome to Coca-Cola FEMSA’s fourth quarter and full-year 2020 conference call. As a reminder, today’s conference is being recorded. [Operator instructions] During this conference call,… Continue reading Coca-Cola FEMSA (KOF) Q4 2020 Earnings Call Transcript The Motley Fool

Published
Categorized as Market

Carry Trades, Margin Rates and all the Fakes for FX:USDCHF by IanSinclaire

For some strange reason the retail trade still appears to believe that the good old stand-bys are working as carry trades” ( AUDJPY , NZDJPY , GBPJPY , etc.) The fact remains that today, those don’t even make the Top 5 of professional traders’ (e.g., the industry) preference list. Interest rate differentials combined with existing… Continue reading Carry Trades, Margin Rates and all the Fakes for FX:USDCHF by IanSinclaire

Published
Categorized as Market

Oil executives say demand will rise, despite emphasis on renewables By Reuters

© Reuters. A view shows railroad freight car in Omsk By Jessica Resnick-Ault NEW YORK (Reuters) – Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp (NYSE:) Chief Executive John Hess… Continue reading Oil executives say demand will rise, despite emphasis on renewables By Reuters

Published
Categorized as Market

Sadbhav Engineering Rating: Buy; execution, order book got a boost

The company is targeting Rs 40–45 bn worth of order-wins in FY21, and Rs 40–50 bn in FY22. Sadbhav Engineering (SEL) posted 26% y-o-y growth in Q3FY21 top line to Rs 5.6 bn as execution normalised post-pandemic. The uptick in Ebitda margin by 80bps y-o-y to 13.2% and a low tax rate lifted reported PAT… Continue reading Sadbhav Engineering Rating: Buy; execution, order book got a boost

Published
Categorized as Market