Penny Collins

Penny Collins is a young commercial banking specialist, graduated from the Pepperdine University, Malibu. She’s primary focus is on on investment and corporate banking, resulting in her Master Degree In Finance from Hong Kong University. Her experience encompasses working for Community Bank and CitiGroup Bank as an intern and professional financial advisor.

bitcoin

Bitcoin has hit a new all-time high

On December 1, Bitcoin’s price has finally hit a new all-time high over $19,892 after nearly three years. We all remember the dominant cryptocurrency declined on Thanksgiving; however, Bitcoin price has managed to recover during the weekend. Bitcoin easily surpassed the $19,000 level on Monday and hit a record. Three key trends fueled Bitcoin’s expansion …

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Only 7% of Americans previously used Bitcoin

Bitcoin will see another steep pullback in the near term

On November 28, the price of the world’s largest cryptocurrency, Bitcoin, has been consolidating over $17,000, following a major correction from $19,400. According to traders, Bitcoin will see another steep pullback in the near term. There are three main reasons why traders expect  more profound decline to happen: 1)  Historical cycles. 2) the Fibonacci Sequence. …

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dollar

The U.S. dollar hit its lowest in two and a half years

On November 30, the U.S. dollar hit its lowest in early London trading in two and a half years. Furthermore, riskier currencies declined slightly as the global equities rally paused the breath. Global market sentiment increased in November, which caused the dollar to decline and riskier currencies to benefit as investors’ risk appetite was boosted …

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oil

The U.S. benchmark for oil is expected to be around $43.25

According to a 10 investment banks survey, Futures for West Texas Intermediate, the U.S. benchmark for oil, is expected to be around $43.25 a barrel in the first quarter. Significantly, on Friday, West Texas Intermediate declined by 0.4% and settled at $45.53 a barrel. Analysts said that a meeting of the Organization of Petroleum Exporting …

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TMN - apple

Apple would cut the fees it charges app developers

An American technology company, that designs, develops, and sells consumer electronics, computer software, and online services, Apple, announced that it would cut the fees it charges app developers from 30% to 15% in the developer made less than 1% million in the previous year. Significantly, the company announced the change for small businesses would go …

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