EUR/USD Current Price: 1.1853 * US employment-related data missed the market's expectat6ons, hints a worsening situation. * Markit will publish this Friday the preliminary estimates of its August PMIs. * EUR/USD at risk of losing the 1.1800 level despite the intraday bounce.The dollar pared its post-FOMC statement advance and gave up some of its recent gains, coming under selling pressure in US trading hours. EUR/USD fell to 1.1801, weighed by the poor performance of Asian and European equities, which closed well in the red. US indexes, however, got to bounce and post modest intraday gains, despite dismal US data. The country reported the Philadelphia Fed Manufacturing Survey, which resulted in 17.2 in August, missing expectations of 21. Initial Jobless Claims in the week ended August 14 surged to 1106K worse than the 925K expected.Speculative interest maintained a cautious approach amid mounting uncertainty over the economic future, as coronavirus cases are on...
After Lyft initially announced Thursday that it would suspend rideshare in California on Friday, both Lyft and Uber were granted a delay to reclassifying drivers. An Uber spokesperson told Yahoo Finance: “We are glad that the Court of Appeals recognized the important questions raised in this case, and that access to these critical services won’t be cut off while we continue to advocate for drivers’ ability to work with the freedom they want.” D.A. Davidson SVP & Sr. Research Analyst Tom White joins The Final Round panel breaks down the details. ...
Recently, UPS dipped its toes a little deeper into the electric truck market with the acquisition of a Freightliner eCascadia battery-electric Class 8 truck. ...
While attendance remains down 80% over the year at Disney parks, Deutsche Bank geolocation data suggests that Disney World will soon see a boost thanks to improving trends at Universal and lower COVID cases in Florida....
