Market Overview - Page 317

Apple Inc. is planning a 4-for-1 stock split and it has important implications for the Dow Jones Industrial Average, of which it is a key component. The iPhone maker on Thursday announced that its board approved the stock split. The.

The official manufacturing Purchasing Manager’s Index (PMI) rose to 51.1 in July from June’s 50.9, official data showed on Friday, marking the highest reading since March. Analysts had expected it to slow to 50.7. New export orders fell although at.

Cameron Winklevoss, the billionaire founder of cryptocurrency exchange Gemini, believes the next Bitcoin (BTC) bull run will be much different. When compared to previous bull markets, Winklevoss noted that there is substantially more capital, infrastructure, and better projects. Winklevoss said:.

The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn’t as bad as feared. Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce.

The annualized drop in US GDP for the previous three months is estimated at 32.9%, against expected -34.5%. The decrease from the same quarter one year ago was 9.5%. By a wide margin, it is the sharpest decline in the.

One metric suggests that heading into its fifth anniversary, Ethereum has had a much faster rate of growth and adoption than Bitcoin. One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in.

As the pandemic continues to rage, governments are having to double down on the $11 trillion dollars worth of stimulus and unprecedented central bank support unleashed since the crisis began. While the Federal Reserve vowed to use all its tools.

The Federal Reserve left interest rates near zero and vowed to use all its tools to support the recovery from an economic downturn that Chair Jerome Powell called the most severe “in our lifetime.” “The path forward for the economy.

The price of Crude Oil keeps slipping, despite the recent weakening of the dollar. This is an unusual situation, and it seems like bad news for Oil. Currently ignoring the positive attitude, Brent and WTI may receive a powerful blow.

The dollar index bounced about 0.4% from a two-year low and the Australian dollar retreated about 0.7% from a 15-month top touched on Wednesday. The yen dipped 0.3% to 105.24 per dollar, but edged higher on other majors as the.

U.S. coronavirus deaths are rising at their fastest rate in two months and have increased by 10,000 in the past 11 days. The United States recorded 1,461 new deaths on Wednesday, the highest one-day increase since 1,484 on May 27,.

In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the Federal Open Market.