Markets

Gold gains on weak dollar as focus turns to Georgia run-offs

Gold gains on weak dollar as focus turns to Georgia run-offs US gold futures climbed 2.2% to $1,936.30, a Reuters report said. "Since gold reversed course from below $1,900, this is mainly a reflection of a weaker USA dollar . But caution prevailed as investors awaited a pair of run-off elections in Georgia as control of the U.S. Senate - and with it the ability to block or advance Democratic President-elect Joe Biden 's agenda - was on the ballot. [Full Article...]

JPMorgan analysts predict bitcoin might go on to hit $146,000 this year

JPMorgan analysts predict bitcoin might go on to hit $146,000 this year Today, Bloomberg quoted a note from the bank's strategists which were led by Nikolaos Panigirtzoglou. In a recent interview with YouTuber Casey Adams, Tyler Winklevoss, Bitcoin billionaire and cofounder of the Gemini exchange, predicted a $500,000 bitcoin price for similar reasons. [Full Article...]

Government offers firms new grants to survive lockdown

Government offers firms new grants to survive lockdown The cash is provided on a per-property basis to support businesses through the latest restrictions, and is expected to benefit over 600,000 business properties, worth £4 billion in total across all nations of the UK. "While this immediate cashflow support for business is welcome, it is not going to be enough to save many firms", BCC director-general Adam Marshall said. [Full Article...]

Tesla shares set to start 2021 at record high

Tesla shares set to start 2021 at record high Deliveries in total for 2020 were 499,550 - just 450 short of the target. Tesla just missed its goal of delivering 500,000 vehicles a year ago, the company announced Saturday. Meanwhile, the Model 3 was updated last October for the 2021 model year with exterior and interior revisions, with all variants receiving a boost in battery range. [Full Article...]

Boris Johnson announces new national lockdown for England as coronavirus cases surge

Boris Johnson announces new national lockdown for England as coronavirus cases surge In a statement, they said: "Cases are rising nearly everywhere, in much of the country driven by the new more transmissible variant". "That means the government is once again instructing you to stay at home", Johnson said. "The decision to lock down could and should have been taken at least two weeks ago, given all that was known then", he said. "As I speak to you tonight, our hospitals are ... [Full Article...]

China telecom firms slide after NY delisting as oil giants fret

China telecom firms slide after NY delisting as oil giants fret NYSE said that the issuers, China Telecom Corporation Limited, China Mobile Limited 0941.HK and China Unicom (Hong Kong) Limited, were no longer suitable for listing as the order prohibits any transactions in securities "designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person". [Full Article...]

Vancouver grocery store employees test positive for COVID-19

Vancouver grocery store employees test positive for COVID-19 But, as new cases of COVID-19 continue to surge across the city, even a trip to the grocery store might not feel as safe as it used to. According to the company's website , the workers are spread across 60 stores. The numbers announced today will reflect several reporting periods covering the first few days of the new year. "This year, that means following provincial health officer orders to pr... [Full Article...]

First Oxford vaccine administered amid United Kingdom lockdown calls

The rollout marks a major step toward ending the pandemic and comes less than a month after the United Kingdom began the first nation to begin vaccinating its citizens against COVID-19. In particular, it doesn't require the super-cold storage needed for the Pfizer vaccine. But aspects of Britain's vaccination plan have spurred controversy. [Full Article...]


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