Investing Online – News, Guides, Comparison & Reviews

The global retail sector has taken a huge blow due to the ongoing Coronavirus pandemic as consumers are restricted to their homes and spending dropped to a record low. In recent news, the virus-driven downward rally has wiped sufficient value off the U.S retailer, Macy’s Inc. (NYSE:M), for it to be listed on the benchmark S&P 500 index. On April 6th, Macy’s is expected to quit its place in the S&P 500 index and will now be listed on the s…

The Coronavirus has pushed multiple governments into ordering nationwide lockdowns that are making it harder for the citizens to access essential items. To make things easier for the Parisians, France’s top supermarket retailer, Carrefour (EPA:CA), announced its partnership with Uber Eats (NYSE:UBER) on Wednesday for efficient delivery of food and other essential items to the people via online shopping. The service is expected to go live on April…

With Coronavirus restricting millions of Americans to their homes, Amazon’s (NASDAQ:AMZN) online retail services that pledge to deliver food, groceries, and other essential items to the doorsteps have seen an unprecedented surge in orders. The U.S tech giant is taking all necessary measures to ensure efficient services for its U.S customers amidst the ongoing pandemic. In recent news, Amazon partnered with the U.S-based ride-hailing company LYFT…

With the world’s top two oil producers, Russia and Saudi Arabia, still in a deadlock on oil prices, and the Coronavirus pandemic weighing further on the global demand, the largest oil and gas companies from across the globe have been pushed into cutting expenditures in 2020. The collapse in oil prices has so far pushed eight of the leading oil companies into announcing cost cuts.  Royal Dutch Shell (LON:RDSA) and Saudi Aramco (SE:2222) reduc…

Eurostat released its monthly report on the Eurozone unemployment rate on Wednesday. The data showed unemployment to have dropped in February to a record low in the past 12 years. According to economists, however, data for the subsequent months is expected to be worse as the Coronavirus containment strategies including business shutdowns and nationwide lockdowns were implemented in the Eurozone in March.   Wednesday’s data recorded unemploym…

The Institute for Supply Management (ISM) announced its monthly report on the U.S manufacturing purchasing managers’ index (PMI) on Wednesday. The data showed the activity in the manufacturing sector to have declined in March. The contraction, as per the ISM, was broadly attributed to the ongoing Coronavirus pandemic that has brought economic activity to a near halt. Wednesday’s data revealed the ISM manufacturing PMI at 49.1 in March. In Februar…

The US dollar index rose today after ADP released disappointing nonfarm private payrolls data for March. The report showed that private sector employers slashed about 27,000 people from their payrolls. This was the worst data since September 2010, when employers slashed more than 39k jobs. Still, the number was better than the 150k that Economists surveyed by Refinitiv were expecting. US nonfarm private payrolls better than expected According to…

The dollar index rose in overnight trading after the Federal Reserve pledged to do “whatever it takes” to save the economy from a recession. The statement, which came from San Francisco Fed President, Mary Daly, reminded markets of the infamous words by Mario Draghi, the former ECB chair. He said the same words in 2012 during the European debt crisis. Dollar index gains in first quarter The dollar index, which measures the performance of the US d…

Coinbase Custody has moved its Tezos (XTZ) staking bakery from the US to Ireland. The exchange unveiled this news on March 31 through an official blog post on its website. Before this move, the firm operated as the largest validator for Tezos’ staking service since its launch in the past year.  Per the blog post, made this decision to help Amun, a Swiss-based digital asset provider meet regulatory requirements for its Tezos exchange-traded f…

HDR Global Trading, a company that owns and operates derivatives exchange BitMEX, recently published a new announcement. According to the reveal, the company plans to increase the grant that it pays to a Bitcoin Core developer, Michael Ford. The purpose of the move is to secure that the Bitcoin protocol development will stay up and running. The grant amount went up from $60,000 to $100,000. The announcement also says that the grant will last over…

Cryptocurrency exchange Huobi has just revealed a new partnership with a lending platform, Cred. The two will work together to allow Huobi users to lend their dormant funds and earn interest. The new announcement came on April 1st, but it is no prank — the Huobi exchange is joining the rising trend of crypto lending. The announcement revealed that Cred’s borrowing and lending services will soon be fully integrated into the exchange’s…

Ever since the coronavirus outbreak started to spread out of China and around the world, the global economy saw major damage. It was not long before the crypto market followed, as well, even though it resisted at first. However, it was not the entirety of the crypto market that has suffered when the price crash finally arrived. Stablecoins, thanks to their ties to the fiat currency price, managed to remain stable. Not only that, but recent report…

The first quarter of 2020 has come to an end and by nearly every imaginable metric, it was a terrible period for global investors. The U.S. market, in particular, was hard hit with the Dow posting its worst performance since 1987 while the S&P 500 index recorded its biggest quarterly decline since 2008. The debate if now is the right time to buy on the dip is as fierce as ever. Even billionaire investment pros can’t agree with each other. Oak…

Even as Goldman Sachs warned that global oil demand could plunge by 18.7 million barrels per day in April, U.S. shale producer Whiting Petroleum Corporation (NYSE: WLL) filed for bankruptcy. Whiting became the first major U.S. shale producer to seek Chapter 11 protection. Its board of directors attributed their decision to “the severe downturn in oil and gas prices driven by uncertainty around the duration of the Saudi / Russia oil price war and…

Every crypto investor, trader, enthusiast, business, and any other member of the crypto industry, has one thing in common. They are all used to entering their favorite crypto price data tracking websites, and seeing Bitcoin as the number one. Today, that officially changes, as one coin overtook BTC’s position, with a current growth rate of 1,123.97%. The coin in question is none other than the new Toilet Paper Token (TPT). In fact, CoinMark…

Many have described Japan’s crypto regulations as rather strict. Meanwhile, people also believe that this might be the wrong approach with cryptos. According to some, digital currencies require the freedom to evolve and for the market to mature. However, one law firm disagrees, claiming that strict regulations are what will eventually help the market. The company in question is So & Sato, a law company headquartered in Japan. The firm s…

The top UK banks announced their dividend payments suspended on Wednesday. The move came as the British regulators forced the banks to focus on improving their capital to combat the economic impact of the ongoing Coronavirus. The Prudential Regulatory Authority (PRA) had requested the British banks for such measures on Tuesday. The banks that responded to the request and suspended dividends include HSBC (LON:HSBA), Barclays (LON:BARC), Royal Bank…

Australia upbeat manufacturing PMI The Australia dollar falls after the Australian Industry Group (AIG) released upbeat manufacturing data. The number showed that the country’s manufacturing sector had an excellent month due to internal demand as more Australians stockpiled. According to AIG, Australia’s manufacturing PMI for March rose to a seasonally-adjusted level of 53.9. This was 9.4 points higher than where it was in February and the highes…

The city of New York tasked a human-rights watchdog group with investigating allegations e-commerce behemoth Amazon wrongfully terminated an employee who was leading a strike, The Wall Street Journal reported. Amazon fires Chris Smalls Amazon confirmed Monday it terminated Chris Smalls, a New York City warehouse stock worker for violating social-distancing rules and failure to stay home for 14 days after potential exposure to the coronavirus from…