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InterContinental Hotels Group (LON: IHG) expressed confidence on Tuesday that early signs of recovery in demand were starting to appear in recent weeks after months of inactivity due to the Coronavirus pandemic that resulted in an 82% decline in its profit in the fiscal first half (H1) of 2020. Its U.S. peer, Marriott International, also reported to have swung to £179.47 million of loss in fiscal Q2 on Monday. Shares of IHG opened more than 1.5%…

Quilter plc (LON: QLT) said on Tuesday that its adjusted pre-tax profit in the first half (H1) of the current fiscal year came in 25% lower. The company attributed the decline to the Coronavirus pandemic that has so far infected more than 300,000 people in the United Kingdom and caused over 46,500 deaths. Shares of the company opened about 2.5% up on Tuesday. But the stock tanked more than 4% in the next hour. Quilter plc is currently exchanging…

Duke Energy Corp. (NYSE: DUK) revealed to have swung to a loss in the fiscal second quarter on Monday. The company attributed its loss to the Coronavirus pandemic that resulted in lower volumes in recent months. Its industrial and commercial customers, Duke added, used less power due to the economic halt fuelled by COVID-19. Shares of the company remained almost flat in extended trading on Monday after closing the regular session more than 2.5% d…

Simon Property Group (NYSE: SPG) published its quarterly financial results on Monday after the bell. The company said that its revenue in the fiscal second quarter came in 24% lower on a year over year basis. It attributed its dovish performance to the Coronavirus pandemic that pushed several retailers into temporarily shutting down stores in recent months that resulted in unpaid rent dues. COVID-19 has so far infected more than 5 million people…

The USD/SGD pair declined slightly even after data from Singapore Statistics showed that the economy contraction was worse than initial estimates. The pair is trading at 1.3725, which is slightly below the intraday high of 1.3753. Singapore contraction was worse than expected Singapore was praised for how it handled the coronavirus pandemic. The country of more than 5 million people recorded more than 55,292 cases and just 27 deaths. Singapore al…

The US dollar index (DXY) is up for the third straight day as investors react to the impressive jobs data from the US and the possibility of a stimulus deal in the US. The DXY is trading at 93.45, which is significantly higher than last week’s double bottom at 92.55. US jobs data impressive On Friday, the Bureau of Labour Statistics (BLS) released relatively strong jobs numbers from the US. The data showed that the economy added more than 1.8 mil…

The USD/NOK pair declined slightly today as traders reacted to the Norwegian inflation data and higher crude oil prices. The pair is trading at 9.0050, which is lower than last week’s high of 9.0785. Norwegian consumer inflation ease Consumer prices in Norway eased slightly in July as the country’s economy continued to open up. According to the country’s bureau of statistics, the headline CPI rose by an annualised rate of 1.3% in July. This was l…

The USD/CNY pair is little changed today as traders react to the rising tensions between the US and China. The pair is also reacting to the relatively strong inflation data from China. US-China tensions rising The USD/CNY pair has been in a downward trend in the past few weeks. The pair has dropped from a high of 7.1768 in May to a low of 6.9335 on Thursday last week. This decline has mostly been because of the overall weakness of the US dollar a…

IP Australia has joined hands with Australia’s National Rugby League (NRL) to run a pilot study on a new blockchain-based app that aims to combat counterfeiting. A report unveiled this news on August 10, noting that the trial will see IP Australia mark two of NRL’s official merchandise stores, NRL Shop and Savvy Supporter with a trust badge. Reportedly, this trust badge would serve as visual proof that IP Australia has verified the website and th…

Tezos, a multi-purpose platform that supports dApps and smart contracts, recently saw a major price boost. The coin was quick to join a market-wide rally, and this allowed it not only to surge quite high, but also to hit a new all-time high (ATH). XTZ in 2020 In the first days of 2020, XTZ was rather stable, although, with a low price that sat at around $1.30. However, in mid-January, the price started seeing growth. It was slow at first, and it…

The previous month has seen quite a bit of activity in the crypto space. Bitcoin price finally managed to breach a barrier that has been holding it back for months, which allowed it to hit a new yearly high. The altcoin market reacted, as well, leading to a rather strong bull run. Meanwhile, cryptocurrency exchanges around the world noted a strong increase in web traffic, just around the time when the prices started increasing. Global exchanges s…

Ireland is finally making a move to bring order to its country’s sector of the crypto industry. According to recent reports, the country’s regulators are preparing new AML laws to tackle illegal activities involving digital currencies. Ireland moves to regulate the crypto industry From what is known, the new set of laws will revolve around using digital currencies for terrorism financing and money laundering. As part of the effort, th…

Mainframe’s native token, MFT, recently saw a strong price surge that took it up by as much as 84% in only three days. The coin’s surge started on August 8th, when it sat at $0.001934. Over the course of the next three days, MFT breached one resistance level after another, eventually reaching $0.00400. Mainframe price performance Mainframe (MFT) is a native cryptocurrency of a DeFi project going by the same name. The project revolves…

Barrick Gold Corp. (TSE: ABX) published its quarterly financial results on Monday that came in stronger than what analysts had expected. The company attributed its success in the fiscal second quarter to timely operational changes it made at mines to combat the novel challenges raises by the Coronavirus pandemic. Shares of the company opened roughly 1.5% up to £22.50 per share on Monday. On a year to date basis, Barrick Gold is currently 60% up….

Canopy Growth Corp. (TSE: WEED) said on Monday that its net loss in the fiscal first quarter contracted on an annualised basis. Its quarterly loss also came in narrower than what the analysts had anticipated. Its peer, Aphria, on the contrary, posted broader than expected quarterly loss in late July. Shares of the company jumped 6.8% in premarket trading on Monday. At £12.76 per share, Canopy Growth Corp. has now recovered more than 50% as compar…

Marriott International (NASDAQ: MAR) said on Monday that it concluded the fiscal second quarter in loss. The company attributed its dovish performance to the Coronavirus pandemic that weighed on room bookings in recent months.   Shares of the company tanked 3.5% in premarket trading on Monday. At £71.40 per share, Marriott is currently more than 35% down year to date in the stock market after recovering from an even lower £45.31 per share in…

Bitcoin price has made a return to $12,000 after previously being rejected from this level last Sunday. This weekend was marked by another market-wide rally that took numerous coins up with BTC finally closing in on the $12k mark today, August 10th. However, while BTC only went up by 2.40%, the movement seems rather promising, at least according to a full-time futures trader, Adam Mancini. Bitcoin could go to $15k, and keep going According to Man…

Cosmos (ATOM) saw a major rally over the past weekend, surging up by nearly 20% in two days. The surge took the coin to a new peak of $5.71, and while this is not ATOM’s ATH, it is certainly its biggest YTD high to date. Cosmos in 2020 ATOM price started the year relatively high, compared to the levels where it spent the majority of the past eight months. On January 1st, its price sat at around $4.20. Cosmos did join the market rally in Jan…

Chainlink (LINK) is a decentralized oracle network that has a goal to connect smart contracts with real-world data. The project was always considered to be brimming with potential, and its price performance is currently mirroring that potential quite well. LINK price climbs to $14 Chainlink price saw a massive surge over the last few days, which allowed it to surge by over 45% in only 48 hours. This surge allowed its price to go from $9.45 on Aug…