According to the latest news, Apple Music has news for its subscribers. Apple announced on Monday that Apple Music would offer industry-leading sound quality to subscribers. The service adds support for high-quality, lossless, and spatial audio through Dolby Atmos. Notably, It’ll have 75 million lossless audio songs to start. These new features will be available …
Apple Music Offers Lossless and Spatial Audio Support Read More »
Financial institutions, airlines, and technology giants successfully dominated the previous weeks of the earnings report. After weeks of waiting, the world’s biggest retailers are in for some reckoning. Hence, analysts have high expectations for their performances. Walmart should report on Tuesday, May 18, before the stock market opens. Since last year, it has been among …
Bitcoin crashed after Tesla abandoned the cryptocurrency as a payment method. The crypto community criticized Elon Musk while DOGE staved off competition from a rival. After Tesla canceled payments over carbon concerns, Bitcoin lost 6% of its value in an hour. However, bitcoin was already losing dominance in the crypto rankings while altcoins were gaining …
Bitcoin Experiences Crisis, Ether Thrives While Dogecoin Survives Read More »
Some Democrats and economists are concerned that U.S. President Biden is doing too much, too fast in his quest to see America out of coronavirus crisis. According to the analysts, so much spending could crank up inflation. As a result, it will put Biden’s economic legacy at serious risk. Some employers are also complaining that …
U.S. Economists Are Concerned Due to Growing Inflation Read More »
The Biden administration is weighing concerns about shortage and inflation when reviewing trade tariff policies. In the U.S. economy, strong demand for consumer goods and other products still got plagued by the coronavirus pandemic. It has led to a shortage of commodities ranging from wood to computer chips. The strong demand for commodities and the …
U.S. Commodity Shortage Raises Odds of Tariff Policy Review Read More »
Airbnb announced revenue rose 5% in Q1, as the rapid pace of vaccinations led to more travel. The firm’s net loss tripled because of debt repayments and restructuring costs. The company reported an earnings loss of $1.95 per share, while it reported revenue of $886.9 million, vs. $714.4 million as anticipated by analysts. The rise …
Airbnb revenue rose 5% in Q1 as vaccinations prompt travel Read More »
Asian markets rebounded on Friday led by Japanese shares, building on Wall Street investors buying stocks that would benefit most from an economic revival. Federal Reserve officials’ inflation fears were calmed towards the weekend, reassuring the markets that price pressures from the reopening of the economy would prove transitory. This interrupted a global three-day retreat …
The U.S. dollar traded steady on Friday. It seems set to post weekly gains against a basket of currencies. Market players are trying to assess the risk of U.S. inflation rising faster than expected, along with contemplating whether the Federal Reserve hikes interest rates sooner or not. On Thursday, a new report about U.S. wholesale …
U.S. Dollar Remained Steady on Friday. What About Euro? Read More »
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