Posted by OFX AUD - Australian Dollar The Australian dollar enjoyed a roller coaster like run through trade on Tuesday, bouncing between intraday day highs at 0.6535 and session lows at 0.6430. Reports of escalating trade tensions between Australia and China continued as China appears to have banned the export of meat … Continue reading "AUD falters as trade tensions with China escalate"The post AUD falters as trade tensions with China escalate appeared first on ....
Fate is a cruel mistress, the saying goes. But how about turning the phrase on its head? Might fate be a welcoming friend, too? That’s certainly the case during COVID-19. As some companies’ unfortunate line of business has dictated a struggle to make it through the pandemic, some are inherently well set up to benefit.Cloud based services and data focused companies, for example. Or specifically, Datadog (DDOG). The SaaS data analytics specilaist’s performance has been impressive. Since the turn of year, DDOG shares have appreciated by 82%, whilst successfully navigating through the pandemic storm. And unlike many companies struggling with recent Q1 reports, DDOG just delivered the goods. So, where has it all gone right for DDOG?As befits a data crunching platform, it’s all in the numbers. In the first quarter, the company reported revenue of $131.25 million, up by 87.4% year-over-year and easily beating the Street's call for $117.7 million....
(Bloomberg) -- Jerome Powell and his Federal Reserve colleagues are staring down the possibility of mass bankruptcies and long-lasting unemployment unless there’s a more concerted government effort to shield the U.S. economy from the impact of the coronavirus pandemic.That’s the context in which the Fed chair will speak Wednesday at 9 a.m. during a virtual event with the Peterson Institute for International Economics in Washington, though he may be loath to give clear hints on future monetary policy, with the central bank’s next rate decision still a month out.“Powell is likely to push back on adopting negative rates, reinforce his willingness to continue using balance sheet tools, and lean on fiscal policy makers to do more,” said Neil Dutta, head of economics at Renaissance Macro Research in New York.Powell and his colleagues on the central bank’s Federal Open Market Committee have already cut their benchmark interest rate to nearly zero, engaged...
