Day: February 12, 2021

Dollar bills

The U.S. dollar declined versus some of the major currencies

The U.S. dollar declined versus some of the major currencies. This happened as new signs of weakness in the U.S. job market appeared. Tepid inflation numbers dented investor anticipations about the pace of economic rebound from the epidemic. However, currency moves were confined to narrow ranges due to holidays in Japan and China. Furthermore, BNY …

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Japanese Economy

Japan might suffer bigger-than-expected slump in Q1

The Japanese economy will likely suffer a much bigger contraction than initially expected in the January-March quarter. According to a poll, the extended state of emergency to contain the coronavirus pandemic hurt corporate and household spending. Analysts said whether or not Tokyo proceeds with the Olympic Games 2021 would have little impact on the economy …

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Uber

Uber may accept Bitcoin as payment

According to the latest news, Uber CEO Dara Khosrowshahi, the company discussed but quickly dismissed the idea of purchasing Bitcoin with corporate cash like Tesla. However, it’s essential to mention that Uber might accept cryptocurrencies as payment. Uber CEO announced after Tesla announced earlier this week that it invested $1.5 billion in the dominant cryptocurrency with some …

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NASDAQ

Nasdaq, S&P 500 rise on tech stocks, hopes for more stimulus

The Nasdaq and S&P 500 supplemented modest gains on Thursday with investors hoping for more fiscal stimulus. However, a statement from U.S. President Joe Biden said China was poised to “eat our lunch.” This served as a warning that tempered enthusiasm for a market near record highs. Nasdaq’s Nvidia Corp and Intel Corp rose 3.2% …

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