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In an announcement on Friday, American Airlines (NASDAQ: AAL) revealed to have secured a government loan worth £4.32 billion. The company also expressed confidence that it would be able to secure access to an additional £1.57 billion next month once the U.S. Treasury’s £19.62 billion loan package is allocated to several airlines. American Airlines jumped more than 2% in extended trading on Friday. On a year to date basis, shares of the company ar…

Sources confirmed on Saturday that Mitsubishi Motors Corp (TYO: 7211) is planning a voluntary layoff that will affect up to 600 management employees in Japan to minimise costs amidst the Coronavirus pandemic that has weighed heavily on the global auto industry in 2020 The company will seek these workers to retire from mid-November. Shares of the company closed about 2% down on Friday at £1.67 per share. Including the price action, Mitsubishi Moto…

The price of Alibaba stock (NYSE: BABA) has advanced from $185 to $299 in less than six months and the current price stands around $271. Fundamental analysis: Alibaba is a stable company with a good position on the market Alibaba Group Holding Limited is a Chinese multinational technology conglomerate specializing in e-commerce as the online commerce company with hundreds of millions of users on its Taobao, Tmall and Alibaba.com marketplaces. Wit…

Sources confirmed on Friday that Premier Oil plc (LON: PMO) is seeking an extension on a waiver from its debt holders beyond 30th September on its borrowing terms. In the meantime, the company plans on getting the majority of its creditors (75% at least) to vote in favour of raising fresh equity. Shares of the company closed almost flat on Friday. Premier Oil is now exchanging hands at 16.05 pence per share in the stock market that marks its year…

The euro (EUR/USD) is on track for its second consecutive week in the red as investors remain concerned about the state of the Eurozone economy. The currency has also weakened because of the stronger dollar as political temperatures in the United States rise. European economy stalling Recent economic data has shown that the European economy has started to weaken. This week, data from Markit showed that the crucial services sector started to stall…

The USD/HKD remains at the lower range of its currency peg as investors remain optimistic about the Hong Kong dollar ahead of the Ant Financial IPO. The pair is trading at 7.7500, where it has been in the past six months. Ant Financial IPO raises demand for Hong Kong dollar Hong Kong has been an embattled city. Last year, large scale protests led the economy to have its first technical recession in years. They hindered trade leading many firms to…

The USD/CHF pair is up for the fifth straight day as the market reacts to the interest rate decision by the Swiss National Bank (SNB). The pair is trading at 0.92400, which is the highest it has been since July 24th. SNB interest rate decision The SNB concluded its two-day meeting today and delivered its verdict about the Swiss economy. The bank decided to leave interest rate unchanged at minus 0.75%. That was in line with what analysts polled by…

The EUR/USD is in dropping for the fifth straight day as traders react to the slowing of the European economy and the overall strength of the dollar. The pair is trading at 1.1661, which is the lowest it has been since July 27. US dollar gains on rising risks The EUR/USD is falling mostly because of the rising risks in the market. These risks have led to a significant demand for the US dollar, which is the world reserve currency. In Europe, the n…

The price of Cardano (ADA) has advanced from $0.045 above $0.15 in less than five months and the current price stands around $0.094. The current price is still far away from the Cardano price predictions but if the price jumps again above $0.10 that could be a very good opportunity for the short-term traders. Fundamental analysis: The fundamentals of this cryptocurrency are improving Cardano is an entirely open-source that represents identity, va…

Cardano (ADA) price has seen a strong surge over the past several days, as the new rally pushed the crypto market up. While the majority of the top coins only saw a minor increase, ADA actually managed to surge by almost 20% in the last 24 hours, before a correction had started. Cardano in 2020 Early 2020 has brought a strong price surge for many different cryptocurrencies, and Cardano’s performance during these first several months was qui…

Cardano (ADA) price is trading over 6% higher this week as the buyers attempt to stage a rebound after breaking below the multi-month supporting line.  Fundamental analysis: Developing a secure framework is key Charles Hoskinson, the founder of Cardano, said the ultimate goal of his blockchain project is to develop a secure framework that offers consumers comprehensive economic identities.  Hoskinson views Cardano as a ‘financial operating s…

As the DeFi rise continues, numerous crypto exchanges around the world are rushing to list as many popular DeFi tokens as possible. This was already seen with Binance crypto exchange, and the exchange’s rush actually backfired after it listed SUSHI. Now, US-based Gemini has made a similar move, listing as many as 15 new tokens earlier today. 15 new coins join Gemini According to a recent announcement, Gemini has added Uniswap’s newly-…

A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes. Israeli legislators propose exempting BTC from capital gains tax A recent report published by Globes revealed that as many as four legislators from the Yisrael Beiteinu party recently presented a new bill cal…

Tezos has been recently chosen as one of the public blockchains that are set to be integrated into the Blockchain-based Services Network (BSN), an international public infrastructure network for blockchain projects and firms. A blog post unveiled this news on September 25, noting that this nomination means developer teams can now access the Tezos protocol by leveraging BSN’s global public city nodes and portals. In so doing, they will be able to…

Novavax Inc. (NASDAQ: NVAX) said that Endo International (NASDAQ: ENDP) will be in charge of manufacturing its COVID-19 vaccine after the two companies inked a non-exclusive agreement on Friday. Earlier this year in July, the U.S. government invested £1.27 billion in Novavax under its “Operation Warp Speed” program. In a separate statement, Endo said that its subsidiary, Par Sterile, has dedicated a manufacturing facility in Rochester for the pro…

Data-ming-software company Palantir Technologies will transition to a public company on Sept. 30 through a direct listing, The Wall Street Journal reported.  Palantir: An unprofitable business Palantir creates software that helps enterprises sort and analyzes their data and the company also has government contracts to provide anti-terrorism tools, according to WSJ. The company has yet to record a profit since it was co-founded in 2003. Total…

Shares of the Walt Disney Company (NYSE: DIS) took another beating this week after the company was forced to postpone the release of two major movies. Needham’s analyst Laura Martin downgraded revenue estimates.  Fundamental analysis: Continued negative COVID-19 impacts Disney dealt another blow to the embattled cinema industry after postponing releases of the new “Black Widow” movie and Spielberg’s “West Side Story” until next year. These two ar…

Cineworld (LON: CINE) stock price trades nearly 83% lower since the beginning of the year. The operator of the cinema chain is still struggling to recover after the COVID-19 outbreak dealt a big blow to its sales in the first half of the year.  Fundamental analysis: Record loss reported The UK-based company reported financial half-year financial results on Thursday. Cineworld suffered a record pre-tax loss of $1.6 billion for the first half to Ju…

Gold (XAU/USD) prices declined to the lowest level recorded since July as the U.S. dollar gains on rising concerns over new Covid-19 cases in Europe and emerging doubts on additional stimulus from the Fed in the United States.  Fundamental analysis: Higher dollar pressuring gold prices A stronger USD makes gold prices more expensive for those who own other currencies.  “We are seeing a risk-off environment taking hold, which means that…