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Precious Metals Experienced Excellent Price Performance during Last Month

Amid global economic turmoil, gold had its best monthly climb in July 2020. A similar price performance had not been seen since 2012. While the US dollar declined, the gold value grew 11% during July. Spot gold was trading at $1,974.40 per ounce on Friday. Earlier on the week (Monday), a historical record of $1,945.10 per ounce was reached. The previous all-time high price was seen in September 2011; it now has been displaced to the second place. At some...

Tech Giants Beat All Expectations

The stock market in the United States ended the previous week with a wave of optimism. The reason, four tech giants reported results for the Q2 2020 that exceeded most analysts’ expectations. Amazon, Facebook, Alphabet, and Apple reported a significant increase in its stock value. This reaffirms the notion that tech giants are currently Wall Street’s backbone. Amazon and Apple reported the largest growth with 65% and 31% so far in 2020, respectively. Amazon sales...

Marq Millions Has Been Acquired by eToro

Last year, eToro, a giant online investment platform with over 14 million users worldwide, announced its plan to launch a debit card. This move has been planned to allow its users to withdraw their gains on the platform by using the said debit card. For this goal, eToro has recently purchased Marq Millions Ltd, a UK-based company that offers financial services throughout Europe. eToro has been a leading multi-asset brokerage company. It offers financial and social trading services, as...

BEN BERNANKE BELIEVES, THE ECONOMIC OUTLOOK IS “QUITE STRONG”: OPINION

Many specialists believe, the recent trends in bond markets could cause unwished troubles. However, Bernanke has a completely different opinion. Background information: Ben Bernanke is known as a former chairman of quite a serious institution, the Federal Reserve. Even though he isn’t its head now, he still has the best economy outlook. So, Ben Bernanke is not excessively worried about the most recent developments in the bond market, even though many specialists believe, those trends can cause serious problems. As he told...

CHANGES IN GOLDMAN SACHS ARE COMING: THEIR NEW CHIEF THEM BE...

Lloyd Blankfein led the Goldman Sachs Group through the financial crisis, hence, securing not only its survival, but its fame. Now, the new leader has a new challenge: how to keep the Goldman Sachs image in the post-crisis environment, that has changed completely since the crisis time. Mr. Blanfein will leave his position soon, and this event will mark the start of a new era for the Group, the era of turning from a secretive trading powerhouse into an open...

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TESLA DOUBLES LOSS, BUT BURNS LESS CASH THAN EXPECTED

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Tesla Inc reassured investors that later, some profit still will be achieved. The main reason for such statement was a significant success of Model 3, that took place in the second quarter of the current year. And this, in turn, helped to save significant...
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