Facebook Inc. has a new payment group with a familiar face. David Marcus, co-creator of the company’s Libra cryptocurrency project, will lead Facebook Financial, an initiative to run all payment projects, including Facebook Pay, a feature it plans to build in all has apps. Former Upwork Inc. UPWK, -2.94% Chief …
Read More »China needs ‘explosive’ purchase to meet US agricultural import target.
BEIJING / CHICAGO (Reuters) – With nearly seven months to go, an ambitious target of $ 36.5 billion for Chinese imports of US agricultural products this year may not be out of reach, but it looks like a very big stretch. FILE PHOTO: Soybeans are harvested from a field at …
Read More »The setbacks in the price of gold, the price of silver seem to be short-lived: Commerzbank
Editor’s Note: Let yourself be caught in minutes with our quick roundup of today’s must-read news and expert insights that moved precious metals and financial markets. Sign up here! (Kitco News) Gold and silver price pullbacks appear to be only temporary as the uptrend wants to drive prices higher, according …
Read More »Boeing (BA) Q2 2020 Reports Earnings, Warns of New Job Cuts
Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
Read More »Pfizer could hit new highs on strong earnings
Pfizer (PFE) – Get report On Tuesday it was receiving a solid boost, more than 4% after the company’s better-than-expected earnings report. The company reported second-quarter earnings of 78 cents a share, beating estimates by 12 cents. Revenue of $ 11.8 billion sank 11% year-over-year, but exceeded estimates by $ …
Read More »