As tech companies like Twitter and Facebook gear up for longer-term remote work solutions, the future of work is becoming one of the more exciting opportunities in venture capital, Charles River Ventures general partner Saar Gur told TechCrunch. And as loneliness mounts with shelter-in-place orders implemented in various forms across the world, investors are looking
Month: May 2020
By Grant Smith Opec+ members are close to a decision to bring forward their next meeting by a few days, according to people familiar with the situation. If confirmed, the move would give the cartel and its allies more room for maneuver to change the current production limits. The existing deal — struck in April
Some old and new global risks, other than coronavirus, have been (re-)emerging in recent weeks. US-China relation is heading another step towards cold war with US President Donald Trump’s new set of measures against China announced on Friday. Unrest that started in Minneapolis quickly spread from Los Angeles to Miami to Chicago, with a “I can’t
What you need to know on Monday, May 1st: The greenback closed the week with losses against most major rivals, hit by dismal US data and relief spurring demand for high-yielding assets triggered by US President Trump speech. Trump said that China broke its word to ensure the autonomy of Hong Kong. As a result,
The low for the day is at 1.11896. The 100 hour MA is at 1.22853 The GBPUSD has moved down to test the low for the day. That move has nearly completed the up and down lap that saw the price move up 1.23932 at the high (new high for the week and highest level
Purchasing managers’ index (PMI) data for May from China’s National Bureau of Statistics (NBS). Manufacturing PMI 50.6 expected 51.1, prior 50.8 Non-manufacturing 53.6 expected 53.5, prior 53.2 Composite 53.4 prior 53.4 Expansion for the manufacturing sector continued in May, although by a smaller margin than in April. Just over 80% of manufacturing business has now
SpaceX on Saturday launched two NASA astronauts aboard its Crew Dragon spacecraft, and the accomplishment is a tremendous one for both the company and the U.S. space agency. At a fundamental level, it means that the U.S. will have continued access to the International Space Station, without having to rely on continuing to buy tickets
The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. InCore bank becomes the first Swiss business-to-business bank approved to
KUALA LUMPUR: Malaysian palm oil futures, which fell on Friday as crude prices dropped and the ringgit firmed, are set to clock their highest monthly jump since December last year at 8% as demand improves. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 11 ringgit, or 0.49%, to
According to the CFTC Commitments of Traders report for the week ended May 26, NET LENGTH for crude oil futures dropped -1 029 contracts to 542 574 for the week. Speculative long positions gained +9 217 contracts while shorts jumped +10 246 contracts. For refined oil products, NET LENGTH for gasoline dropped -1 950 contracts
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USDJPY pair as got within 6 pips of week’s high after trading to a new weeks low earlier in the day The USDJPY traded in a narrow 58 pips trading range for the week until today. The high for the week was on Wednesday at 107.94. The low extended down to 107.359. However, the price
Nothing new here Markets shuddered early in Trump’s talk because there was a lot of sound and fury but when he got to the actual policies, there was nothing new. It’s a series of studies and minor measures. Every one of them was rumored, leaked or reported ahead of time. I warned ahead of time
“The Lovebirds” was originally slated for a theatrical release, but with movie theaters closed, Paramount decided to release the film through Netflix instead. But even without a global pandemic, a Netflix release was probably the right call. As we discuss latest episode of the Original Content podcast, this doesn’t feel like a movie that would
NEW YORK: Oil prices soared on Friday, with US futures closing out May with record monthly gains, on hopes that the US-China trade deal would remain intact and on falling crude production. West Texas Intermediate crude futures for July delivery settled at $35.49 a barrel, jumping $1.78, or 5.3%. July Brent crude closed at $35.33
As suggested in the CFTC Commitments of Traders report in the week ended May 26, NET LENGTH in USD Index dropped -2 498 contracts to 14 799. Speculative long positions decreased -3 476 contracts and short positions were down -978 contracts. Concerning European currencies, NET LENGTH in EUR futures gained +2 660 contracts to 75
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