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Jack Dorsey Changing Square to Block

Jack Dorsey Changing Square to Block

ZFX – Square changed its name to Block as it’s focusing on technologies like blockchain and expanding beyond its original credit-card-reader business. Payment giant Jack Dorsey said in an announcement of the new name, effective Dec. 10, “recognizes the company’s growth” and “creates room for further growth.” Block will still trade under the SQ ticker View more

Waiting for OPEC+ Supply Decision: Will Oil Rise?

Waiting for OPEC+ Supply Decision: Will Oil Rise?

ZFX – Oil prices rose on Thursday morning in Asia, reversing the previous day’s losses. Due to the growing concerns rising from the COVID-19 Omicron variant, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) could halt supply additions. Brent futures were up from 0.42% to $69.29 as of 9:44 am EDT and View more

Hawkish Powell Comments on Tapering Bringing Gold Down Again

Hawkish Powell Comments on Tapering Bringing Gold Down Again

ZFX – Gold plunged again after Federal Reserve Chairman Jerome Powell said officials should consider removing pandemic support, potentially paving the way for an earlier-than-expected rate hike. Powell signaled Tuesday at the Senate Banking Committee that the issue could be discussed at the Fed’s next meeting Dec. 14-15, where there will be more information about View more

Powell: “Fed Discussing Buying Bonds”

Powell: “Fed Discussing Buying Bonds”

ZFX – Federal Reserve Chair Jerome Powell indicated on Tuesday that the central bank could step up its efforts to boost the economy as it battles rising inflationary pressures. In an appearance before a Senate committee, the Fed chief said he thought reducing the pace of monthly bond purchases could move faster than the $15 View more

Summary for Important News for Wednesday December 1, 2021

Summary for Important News for Wednesday December 1, 2021

ZFX – Here are the top news for today: The US will announce the ADP Non-Farm Employment Change numbers for the month of November. which is expected to 525,000 positions. Therefore, investors are advised to be cautious or avoid trading the USD pair during these periods as they may experience short-term price volatility. Today is View more

Summary of Important News for Tuesday, November 30, 2021

Summary of Important News for Tuesday, November 30, 2021

ZFX – here’s a quick lowdown on the market news today: Later today at 8:30 p.m. Canada will announce the GDP figures for September. It is forecasted at 0.1%, so investors are advised to be cautious or avoid trading the CAD currency pairs during this period as it may cause short-term price volatility.  Later today View more

Jack Dorsey’s Stepping Down as Twitter CEO to Focus on Bitcoin?

Jack Dorsey’s Stepping Down as Twitter CEO to Focus on Bitcoin?

ZFX  – Twitter (NYSE:TWTR) co-founder — Jack Dorsey — publicly announced last Monday, via the social media company he co-founded, that he will be stepping down from his position as the company’s Chief Executive Officer. Twitter’s share price is trading down less than a percentage point on the news. According to Dorsey’s statement, Twitter’s Chief View more