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Bank of America Corp (NYSE: BAC) published its quarterly financial results on Thursday that topped analysts’ estimates for earnings and revenue in the fiscal second quarter. The company attributed its hawkish performance to stronger than expected revenue from investment banking and bond trading. Bank of America’s results came in a day after BNY Mellon reported a 2% increase in revenue in Q2. Shares of the company were reported 2% down in premarke…

Experian plc (LON: EXPN) said on Thursday that its organic revenue came in lower in the first quarter. The decline, however, was reported narrower than expected as its North American business showed robust performance in the recent quarter that contributed to offsetting the hit from COVID-19. Experian won an ongoing credit reporting dispute last month in Eleventh Circuit. Shares of the company tanked more than 1% on Thursday but recovered the maj…

Hays plc (LON: HAS) reported a 34% decline in net fees in the fourth quarter on Thursday. The company attributed the decline to the Coronavirus pandemic that pushed companies into freezing new hiring. Hays also warned that its financial performance in summer is likely to remain weighed this year. Its peer, Robert Walters, also reported a 33% decline in its gross profit in the second quarter last week. Shares of the company opened about 3% down in…

Investing Before, During, And After A Pandemic: How The Best Businessmen Have Dealt With COVID-19 And The Economic Fallout

The AUD/USD pair declined slightly as the rising coronavirus cases outweighed the strong economic data from the country. The pair is trading at 0.7000, which is below this week’s high 0.7035. Australia reports impressive jobs numbers The AUD/USD reacted mildly after Australia released impressive jobs numbers. According to the statistics office, the country created more than 210,000 jobs in June as the country continued to reopen. This number was…

The USD/CNY pair is little changed today as traders react to the latest GDP data from China. The pair is trading at 6.9960, which is slightly higher than the intraday low of 6.9826. Analysts at Goldman Sachs expect the yuan will rise to 6.70 against the dollar. China returns to growth The USD/CNY pair remained relatively unchanged after China became the first major economy to return to growth in the second quarter. Preliminary data from the stati…

The USD/CAD pair declined by more than 0.30% as traders reacted to the ongoing OPEC+ meeting, Bank of Canada (BOC) interest rate decision, and a weaker US dollar. The pair is trading at 1.3572, which is lower than yesterday’s high of 1.3648. Canada recovery and oil prices boost Canadian dollar The USD/CAD pair has dropped by more than 6% in the past three months. This makes the Canadian dollar among the best-performing currencies in the G10. This…

The US dollar index (DXY) is down by more than 0.35% as traders reflect on the positive news from Moderna. The index is trading at $95.80, which is the lowest it has been since June 10 this year. Also, it is in its fourth straight day in the red today. Moderna vaccine shows positive results The US dollar index rose sharply in March after the World Health Organisation (WHO) named coronavirus a global pandemic. At the time, the index reached a mult…

Analysts have noticed recently that more and more Bitcoin (BTC) is being returned to crypto exchanges, which might be an indication of an upcoming sell-off. If this happens, analysts expect that the coin’s price might once again see a drop, and possibly break a support level at $9,000. Bitcoin is flowing back into exchanges Recent data provided by CryptoQuant shows that inflows of Bitcoin to various cryptocurrency exchanges grew significant…

XRP price has been struggling to go beyond $0.20 ever since the mid-March price crash, and while it seemingly managed to break this resistance once in May, it quickly dropped back down. Now, after yet another attempt, the price was simply rejected once more. XRP in 2020 XRP started 2020 at a rather low price of $0.1931, but it quickly fixed that as the first few months of the year have passed. It hit a massive resistance at $0.24 by January 19th,…

The Stellar Development Foundation, XLM’s creator announced that Samsung’s blockchain Keystore will integrate its payment system in the software development kit (SDK). Per the announcement, all users of the South Korean multinational conglomerate’s Keystore will be in a position to access Stellar’s blockchain. Through this integration, Stellar end users will also benefit from secure private key authentication. According to the announcement, the S…

The news of Twitter hack has been the main topic around the world today. Numerous accounts were hijacked by unknown hackers, many of which belonged to verified users, including celebrities, billionaire investors and businessmen, and even corporate accounts of major firms. The attackers were after one thing — Bitcoin — and they used celebrities to trick people into sending it to them. Now, many are furious and are willing to stop at nothing in ord…

Twitter has just suffered what is undoubtedly the worst hacking incident in its history. According to what is known, attackers managed to hijack an unknown number of accounts — many of which belonged to major celebrities — in an attempt to scam people out of their Bitcoins. What happened? The attack took place yesterday evening, and was quickly reported by Twitter Support, which tweeted that the company is aware of a security incident impacting a…

Bank of New York Mellon Corp (NYSE: BK) published its quarterly financial results on Wednesday that topped analysts’ estimates for earnings and revenue in the fiscal second quarter. PNC Financial also reported a 100% increase in its quarterly profit on Wednesday. Shares of the company opened about 5% down on Wednesday and tanked another 3% on market open. At £29 per share, BNY Mellon is roughly 30% down year to date in the stock market after reco…

PNC Financial Services Group Inc. (NYSE: PNC) revealed an over 100% increase in its profit in the second quarter on Wednesday. The company attributed the increase to the sale of its stake in BlackRock Inc. for £3.40 billion. Goldman Sachs also published a hawkish earnings report on Wednesday. Shares of the company opened 3% up on Wednesday but dropped 1.5% within an hour. At £81 per share, PNC Financial is currently more than 35% down year to dat…

Icecap, a company founded by Jacques Voorhees, Erik Voorhees’ father has introduced diamonds to the Ethereum blockchain. A report revealed this news on July 15, noting that the firm offers non-fungible tokens (NFTs) representing diamonds on the OpenSea marketplace. According to Jacques, he first heard about NFTs from his son, Eric Voorhees, ShapeShift’s CEO. According to the report, Icecap managed to tokenize diamonds after several firms attempte…

Goldman Sachs (NYSE: GS) published its quarterly financial results on Wednesday that topped analysts’ estimates for earnings and revenue in the fiscal second quarter. The company attributed its success primarily to its investment banking businesses. Goldman Sachs’ results come only a day after Wells Fargo registered £2.15 billion of net loss in Q2. Shares of the bank were reported about 4.6% up in premarket trading on Wednesday. At £171 per share…

UnitedHealth Group Inc. (NYSE: UNH) published its quarterly financial results on Wednesday that highlighted an over 100% increase in its profit in the fiscal second quarter. The company attributed its hawkish performance to the Coronavirus pandemic that resulted in lower costs as people delayed non-urgent procedures and surgeries in recent months. Here’s how United harnesses data for a better Coronavirus response. Shares of the company were repor…

Ethereum (ETH) is a blockchain with a lot of potential, but also with plenty of flaws, which is something that even its creators admitted openly. This is why Ethereum 2.0 is so highly anticipated, as it promises to solve many of the issues that are currently bugging the project. However, with ETH 2.0 nowhere in sight even half a year after it was supposed to go live, many are looking for alternative solutions to some of its issues, such as scalin…