Oil climbs to 13-month highs on output cuts, demand recovery hopes
On the technical front, Brent RSI stood at 80.562 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 60.90, TARGET:61.40, STOP LOSS:.60.65.
Checkout the full article
https://www.capitalstreetfx.com/en/oil-climbs-to-13-month-highs-on-output-cuts-demand-recovery-hopes/
#TradeSuggestion #TradeSignals #CrudeOil #BrentCrude
On the technical front, Brent RSI stood at 80.562 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 60.90, TARGET:61.40, STOP LOSS:.60.65.
Checkout the full article
https://www.capitalstreetfx.com/en/oil-climbs-to-13-month-highs-on-output-cuts-demand-recovery-hopes/
#TradeSuggestion #TradeSignals #CrudeOil #BrentCrude
Capital Street FX
Oil climbs to 13-month highs on output cuts, demand recovery hopes - Capital Street FX
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent Crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT. U.S. West…
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TRADE SIGNAL AS ON 10-02-2021
#USDMXN
SELL=20.06
TARGET=19.91
SL=20.18
#SILVER
BUY=27.269
TARGET=27.806
SL=26.895
#BAYER AG
SELL=55.19
TARGET=52.20
SL=56.60
#ETHEREUM
BUY=1801.80
TARGET=1850.00
SL=1724.02
#DJ EURO STOXX 50
SELL=3659.0
TARGET=3634.0
SL=3673.0
TRADE SIGNAL AS ON 10-02-2021
#USDMXN
SELL=20.06
TARGET=19.91
SL=20.18
#SILVER
BUY=27.269
TARGET=27.806
SL=26.895
#BAYER AG
SELL=55.19
TARGET=52.20
SL=56.60
#ETHEREUM
BUY=1801.80
TARGET=1850.00
SL=1724.02
#DJ EURO STOXX 50
SELL=3659.0
TARGET=3634.0
SL=3673.0
TOP 5 STOCKS TO WATCHOUT
1.#TWITTER- Twitter Inc said on Wednesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts as it does not believe the orders are consistent with Indian law.
It has permanently suspended some accounts but for others, it has only restricted access within India and the tweets can still be read outside the country.
The U.S. social media giant has found itself in a heated no-win row with Modi's administration, which wants it to take down more than 1,100 accounts and posts that the government argues are spreading misinformation about months-long farmers' protests against new agricultural laws.
Some accounts, the government said, are backed by arch-rival Pakistan or are operated by supporters of a separatist Sikh movement.
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content.
Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Others were geo-blocked, although Twitter did not go into detail on how it made decisions on which accounts to restrict.
"These accounts continue to be available outside of India," Twitter said. "Because we do not believe that the actions we have been directed to take are consistent with Indian law."
2.#TESLA :Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Rivian has been in talks with bankers about its plans, but the company's timeline for an initial public offering isn't final and a listing could happen later in the year or next year, Bloomberg News reported, citing people familiar with the matter.
The company declined to comment.
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019.
The company's deliveries of pickups would start in June, while those of SUVs would begin in August. Launch editions of the vehicles are priced at $75,000 and $77,500, respectively, with a 300-mile (480 km) driving range for both.
In 2019, Amazon ordered 100,000 electric vans from Rivian. The first Amazon vehicles went into production at Rivian's factory in Normal, Illinois in late 2021, with all deliveries to be completed by 2024.
3.#APPLE:-Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.
Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.
The displays under development are less than 1 inch in size, Nikkei added.
Bloomberg News in January reported that Apple was still working on underlying technologies for its AR glasses, codenamed N421. It said the product was several years away, citing sources, but added that Apple has previously targeted as early as 2023 to unveil it. The micro OLED project with TSMC is currently at the trial production stage and will take several years to achieve mass production, according to Nikkei.
4. #GOOGLE:- Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video service effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.
1.#TWITTER- Twitter Inc said on Wednesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts as it does not believe the orders are consistent with Indian law.
It has permanently suspended some accounts but for others, it has only restricted access within India and the tweets can still be read outside the country.
The U.S. social media giant has found itself in a heated no-win row with Modi's administration, which wants it to take down more than 1,100 accounts and posts that the government argues are spreading misinformation about months-long farmers' protests against new agricultural laws.
Some accounts, the government said, are backed by arch-rival Pakistan or are operated by supporters of a separatist Sikh movement.
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content.
Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Others were geo-blocked, although Twitter did not go into detail on how it made decisions on which accounts to restrict.
"These accounts continue to be available outside of India," Twitter said. "Because we do not believe that the actions we have been directed to take are consistent with Indian law."
2.#TESLA :Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Rivian has been in talks with bankers about its plans, but the company's timeline for an initial public offering isn't final and a listing could happen later in the year or next year, Bloomberg News reported, citing people familiar with the matter.
The company declined to comment.
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019.
The company's deliveries of pickups would start in June, while those of SUVs would begin in August. Launch editions of the vehicles are priced at $75,000 and $77,500, respectively, with a 300-mile (480 km) driving range for both.
In 2019, Amazon ordered 100,000 electric vans from Rivian. The first Amazon vehicles went into production at Rivian's factory in Normal, Illinois in late 2021, with all deliveries to be completed by 2024.
3.#APPLE:-Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.
Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.
The displays under development are less than 1 inch in size, Nikkei added.
Bloomberg News in January reported that Apple was still working on underlying technologies for its AR glasses, codenamed N421. It said the product was several years away, citing sources, but added that Apple has previously targeted as early as 2023 to unveil it. The micro OLED project with TSMC is currently at the trial production stage and will take several years to achieve mass production, according to Nikkei.
4. #GOOGLE:- Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video service effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.
The company said in a blog post it was committed to remaining at least 99% effective at making sure ad placements on YouTube are brand-safe.
YouTube had high-profile incidents dating back to 2017 of ads appearing on videos with hate speech or other disturbing content, which led several major advertisers to turn off their YouTube ads. The platform hopes to turn a new page with marketers following the Media Rating Council's (MRC)accreditation.
"We're particularly humbled to be the first platform to achieve the accreditation," said Debbie Weinstein, vice president of YouTube and video global solutions at Google.
YouTube said it had made investments in technology that analyzes videos, beefed up its staff of human moderators and expanded policies to address brand safety.
The accreditation reflects "YouTube’s sustained commitment and investment to enable brands to advertise in safe environments," Marc Pritchard, chief brand officer at Procter & Gamble , said in a statement, adding he hopes it inspires other platforms to do the same.
The MRC, which was formed by the U.S. Congress in the 1960s to measure audiences on media content, said it conducted an extensive audit of YouTube, including how its internal standards for determining which videos are suitable to receive advertising compared with industry-body standards.
5#WALTDISNEY:-Walt Disney Co is closing the animation studio behind film franchises "Ice Age" and "Rio" due to the COVID-19 pandemic's impact on the entertainment industry, the company said on Tuesday.
Disney had acquired the Greenwich, Connecticut-based studio in 2019 when it bought 21st Century Fox Inc in a $71 billion deal.
"Given the current economic realities, after much consideration and evaluation, we have made the difficult decision to close filmmaking operations at Blue Sky Studios," a studio spokesperson said in a statement.
Disney's business has suffered due to the health crisis as it was forced to keep most of its theme parks and movie studios closed last year.
The Deadline, which first reported the news, said Disney's move would impact 450 employees.
Disney also owns Pixar and Disney Animation Studios. The company will report its quarterly results on Thursday.
YouTube had high-profile incidents dating back to 2017 of ads appearing on videos with hate speech or other disturbing content, which led several major advertisers to turn off their YouTube ads. The platform hopes to turn a new page with marketers following the Media Rating Council's (MRC)accreditation.
"We're particularly humbled to be the first platform to achieve the accreditation," said Debbie Weinstein, vice president of YouTube and video global solutions at Google.
YouTube said it had made investments in technology that analyzes videos, beefed up its staff of human moderators and expanded policies to address brand safety.
The accreditation reflects "YouTube’s sustained commitment and investment to enable brands to advertise in safe environments," Marc Pritchard, chief brand officer at Procter & Gamble , said in a statement, adding he hopes it inspires other platforms to do the same.
The MRC, which was formed by the U.S. Congress in the 1960s to measure audiences on media content, said it conducted an extensive audit of YouTube, including how its internal standards for determining which videos are suitable to receive advertising compared with industry-body standards.
5#WALTDISNEY:-Walt Disney Co is closing the animation studio behind film franchises "Ice Age" and "Rio" due to the COVID-19 pandemic's impact on the entertainment industry, the company said on Tuesday.
Disney had acquired the Greenwich, Connecticut-based studio in 2019 when it bought 21st Century Fox Inc in a $71 billion deal.
"Given the current economic realities, after much consideration and evaluation, we have made the difficult decision to close filmmaking operations at Blue Sky Studios," a studio spokesperson said in a statement.
Disney's business has suffered due to the health crisis as it was forced to keep most of its theme parks and movie studios closed last year.
The Deadline, which first reported the news, said Disney's move would impact 450 employees.
Disney also owns Pixar and Disney Animation Studios. The company will report its quarterly results on Thursday.
What Changed for the market when you were sleeping?
Daily Market Report as on 10th February 2021
Checkout our DailyMarketReport
https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-10-february-2021/
#TradeAnalysis #StockAnalysis #FundamentalAnalysis #TechnicalAnalysis #DailyMarketReport #TradeSuggestion #TradeSignals #AsiaPacific #UsStocks #CommodityAnalysis #ForexAnalysis
Daily Market Report as on 10th February 2021
Checkout our DailyMarketReport
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#TradeAnalysis #StockAnalysis #FundamentalAnalysis #TechnicalAnalysis #DailyMarketReport #TradeSuggestion #TradeSignals #AsiaPacific #UsStocks #CommodityAnalysis #ForexAnalysis
Asian stocks hit record high, as earnings, stimulus boost recovery hopes
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.48% to 3,656.74. Hong Kong’s Hang Seng Index was up about 1.51% to 29,923.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.19 per cent at 29,565.50 on Wednesday, while the broader TOPIX 100 rose 0.48 per cent to 1,254.29. South Korea’s Kospi was up by 0.52% to 3100.67.
TECHNICAL INDICATORS - NIKKEI 225
Checkout the full Artiles
https://www.capitalstreetfx.com/en/asian-stocks-hit-record-high-as-earnings-stimulus-boost-recovery-hopes/
#ShanghaiComposite #HangSeng #Nikkei225 #Nikkei #Topix100 #Kospi #AsiaPacific #IndoPacific #AsianStockAnalysis #AsianMarketAnalysis
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.48% to 3,656.74. Hong Kong’s Hang Seng Index was up about 1.51% to 29,923.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.19 per cent at 29,565.50 on Wednesday, while the broader TOPIX 100 rose 0.48 per cent to 1,254.29. South Korea’s Kospi was up by 0.52% to 3100.67.
TECHNICAL INDICATORS - NIKKEI 225
Checkout the full Artiles
https://www.capitalstreetfx.com/en/asian-stocks-hit-record-high-as-earnings-stimulus-boost-recovery-hopes/
#ShanghaiComposite #HangSeng #Nikkei225 #Nikkei #Topix100 #Kospi #AsiaPacific #IndoPacific #AsianStockAnalysis #AsianMarketAnalysis
Capital Street FX
Asian stocks hit record high, as earnings, stimulus boost recovery hopes - Capital Street FX
Asian stocks hit a record high on Wednesday, as upbeat earnings, hopes of a large U.S. fiscal stimulus and progress in vaccinations fanned optimism about a global recovery from the pandemic. MSCI’s ex-Japan Asian shares index rose 0.8%, rising above its January…
European shares dip after strong rally, Total rises
The pan-European Stoxx 50 climbed down by 0.12% to 3,661.13. In the cash markets, the DAX futures Germany was trading down 0.34% to 14,011.80. CAC 40 futures in France climbed up by 0.10% to 5,691.54, while the FTSE 100 futures in the U.K. rose by 0.12% to 6,531.56, at the time of writing.
TECHNICAL INDICATORS - FTSE 100
Checkout the link to read full article
https://www.capitalstreetfx.com/en/european-shares-dip-after-strong-rally-total-rises/
#DaxFutures #Dax30 #Stoxx50 #CAC40Futures #CAC40 #FTSE100 #FTSE100Analysis
The pan-European Stoxx 50 climbed down by 0.12% to 3,661.13. In the cash markets, the DAX futures Germany was trading down 0.34% to 14,011.80. CAC 40 futures in France climbed up by 0.10% to 5,691.54, while the FTSE 100 futures in the U.K. rose by 0.12% to 6,531.56, at the time of writing.
TECHNICAL INDICATORS - FTSE 100
Checkout the link to read full article
https://www.capitalstreetfx.com/en/european-shares-dip-after-strong-rally-total-rises/
#DaxFutures #Dax30 #Stoxx50 #CAC40Futures #CAC40 #FTSE100 #FTSE100Analysis
Capital Street FX
European shares dip after strong rally, Total rises - Capital Street FX
European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine roll-outs showed signs of cooling, while shares in French oil major Total rose after its earnings recovered in the fourth quarter. Total…
Boeing 777x deliveries unlikely before first quarter 2024
On technical fronts Boeing (NYSE:BA)’s RSI stood at 58.46 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Boeing (NYSE:BA)’s – BUY: 215.15, TARGET: 224.57, STOP LOSS : 203.43
Checkout the link to read full Article
https://www.capitalstreetfx.com/en/boeing-777x-deliveries-unlikely-before-first-quarter-2024/
#Boeing #BoeingSignals #TradeSignals
On technical fronts Boeing (NYSE:BA)’s RSI stood at 58.46 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Boeing (NYSE:BA)’s – BUY: 215.15, TARGET: 224.57, STOP LOSS : 203.43
Checkout the link to read full Article
https://www.capitalstreetfx.com/en/boeing-777x-deliveries-unlikely-before-first-quarter-2024/
#Boeing #BoeingSignals #TradeSignals
Capital Street FX
Boeing 777x deliveries unlikely before first quarter 2024 - Capital Street FX
Emirates Airlines President Tim Clark said on Wednesday Boeing (NYSE:BA)’s 777x jet was unlikely to be delivered before the first quarter of 2024. Boeing has been developing the widebody jet, a new version of its 777 series, with the goal of releasing it…
Oil Mixed, Proceeds with Caution Over Emerging Signs of Supply Tightness
On the technical front, Brent RSI stood at 81.854 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 61.50, TARGET:62.10, STOP LOSS:.61.25.
Checkout the link to read full article
https://www.capitalstreetfx.com/en/oil-mixed-proceeds-with-caution-over-emerging-signs-of-supply-tightness/
#BentCrude #CrudeOil #OilPrice #BentCrudeSignals #TradeSignal #TradeSuggestion #CommodityAnalysis #CommoditySignals
On the technical front, Brent RSI stood at 81.854 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 61.50, TARGET:62.10, STOP LOSS:.61.25.
Checkout the link to read full article
https://www.capitalstreetfx.com/en/oil-mixed-proceeds-with-caution-over-emerging-signs-of-supply-tightness/
#BentCrude #CrudeOil #OilPrice #BentCrudeSignals #TradeSignal #TradeSuggestion #CommodityAnalysis #CommoditySignals
Capital Street FX
Oil Mixed, Proceeds with Caution Over Emerging Signs of Supply Tightness - Capital Street FX
Oil was mixed Tuesday morning in Asia, with caution creeping into the market even as hopes for a strong rebound in fuel demand continue. Brent Oil Futures inched down 0.03% to $61.20 while WTI Futures inched up 0.02% to $58.37. There are signs of supply…
Forex news from the European trading session – 10 February 2021
Markets:
GBP leads, NZD lags on the day
European equities a touch higher; E-minis up 0.3%
US 10-year yields up 1.2 bps to 1.169%
Gold up 0.1% to $1,839.91
WTI up 0.6% to $58.70
Bitcoin down 3.5% to $45,680
https://ticktawk.com/forexlive-european-fx-news-wrap-dollar-mixed-as-market-eyes-powell-speech/
Markets:
GBP leads, NZD lags on the day
European equities a touch higher; E-minis up 0.3%
US 10-year yields up 1.2 bps to 1.169%
Gold up 0.1% to $1,839.91
WTI up 0.6% to $58.70
Bitcoin down 3.5% to $45,680
https://ticktawk.com/forexlive-european-fx-news-wrap-dollar-mixed-as-market-eyes-powell-speech/
Finance|Economic|Market|Stock|News|Trading|tick tawk|Capital Street Fx
ForexLive European FX news wrap: Dollar mixed as market eyes Powell speech
Forex news from the European trading session - 10 February 2021Headlines:Markets:GBP leads, NZD lags on the dayEuropean equities a touch higher; E-minis up 0.3%US 10-year yields up 1.2 bps to 1.169%Gold up 0.1% to $1,839.91WTI up 0.6% to...
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We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL AS ON 11-02-2021
#EURAUD
BUY=1.5664
TARGET=1.5726
SL=1.5634
#NATURAL GAS
BUY=2.958
TARGET=3.055
SL=2.883
#DELL TECH.
BUY=79.40
TARGET=80.57
SL=77.51
#LITECOIN USD
SELL=180.00
TARGET=170.88
SL=186.55
#FTSE MIB 40
SELL=22130.0
TARGET=21726.0
SL=22370.0
#EURAUD
BUY=1.5664
TARGET=1.5726
SL=1.5634
#NATURAL GAS
BUY=2.958
TARGET=3.055
SL=2.883
#DELL TECH.
BUY=79.40
TARGET=80.57
SL=77.51
#LITECOIN USD
SELL=180.00
TARGET=170.88
SL=186.55
#FTSE MIB 40
SELL=22130.0
TARGET=21726.0
SL=22370.0
TOP 5 STOCKS TO WATCHOUT:-
1. #MASTER CARD- Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The credit-card giant's announcement comes days after Elon Musk's Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment.
Asset manager BlackRock Inc and payments companies Square and PayPal have also recently backed cryptocurrencies.
Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network.
"Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form of payment. This change may open merchants up to new customers who are already flocking to digital assets," Mastercard said.
Mastercard specified that not all cryptocurrencies will be supported on its network, adding that many of the hundreds of digital assets in circulation still need to tighten their compliance measures.
Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.
2.#TWITTER :Twitter Inc Chief Executive Jack Dorsey said Wednesday the company is exploring allowing its users to receive tips, or digital payments, from their followers.
Dorsey said the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
"I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter," he said at the virtual Goldman Sachs Technology and Internet Conference.
Introducing user tipping and new features like content subscriptions would help the company diversify its revenue, which it currently earns mainly from selling advertising on Twitter.
The company said Tuesday during an earnings call with analysts that he did not expect subscriptions to be meaningful to the company's revenue until next year.
Last month, Twitter bought newsletter startup Revue, as it hopes to attract users wanting to create long-form content.
3.#MICROSOFT:-Microsoft Corp approached Pinterest Inc in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported on Wednesday, citing people briefed on the matter.
The negotiations were currently not active, according to the report.
A general shift to virtual interactions leading to increased engagement on social media platforms benefited Pinterest as well, with its monthly active users jumping 37% to 459 million in the fourth quarter.
The company said it added a record 100 million monthly active users in 2020.
Pinterest's shares have risen over seven times from its pandemic-low in March last year. Pinterest had previously signaled it wants to remain an independent company, the FT said.
The social media company generates revenue by placing advertisements next to the Pins, or posts, uploaded on the site by users.
A deal between the two companies would also have tested the Biden administration's appetite for allowing powerful technology companies to strike deals, according to the FT.
4. #ASTRA ZENECA:- AstraZeneca expects profit growth to pick up this year after the COVID-19 vaccine developer beat forecasts for quarterly drug sales, with demand for its cancer and other therapies cushioning the disruption caused by the pandemic.
Last year was a crucial one for the Anglo-Swedish company. It teamed up with the University of Oxford to develop a COVID-19 vaccine, and struck its largest ever deal by buying U.S. drugmaker Alexion .
AstraZeneca said on Thursday it expects 2021 revenue to increase by a low teens percentage, with "faster growth" in core earnings to $4.75 to $5.00 per share. That translates to 18-24% growth in earnings, following 15% in 2020.
1. #MASTER CARD- Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The credit-card giant's announcement comes days after Elon Musk's Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment.
Asset manager BlackRock Inc and payments companies Square and PayPal have also recently backed cryptocurrencies.
Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network.
"Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form of payment. This change may open merchants up to new customers who are already flocking to digital assets," Mastercard said.
Mastercard specified that not all cryptocurrencies will be supported on its network, adding that many of the hundreds of digital assets in circulation still need to tighten their compliance measures.
Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.
2.#TWITTER :Twitter Inc Chief Executive Jack Dorsey said Wednesday the company is exploring allowing its users to receive tips, or digital payments, from their followers.
Dorsey said the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
"I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter," he said at the virtual Goldman Sachs Technology and Internet Conference.
Introducing user tipping and new features like content subscriptions would help the company diversify its revenue, which it currently earns mainly from selling advertising on Twitter.
The company said Tuesday during an earnings call with analysts that he did not expect subscriptions to be meaningful to the company's revenue until next year.
Last month, Twitter bought newsletter startup Revue, as it hopes to attract users wanting to create long-form content.
3.#MICROSOFT:-Microsoft Corp approached Pinterest Inc in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported on Wednesday, citing people briefed on the matter.
The negotiations were currently not active, according to the report.
A general shift to virtual interactions leading to increased engagement on social media platforms benefited Pinterest as well, with its monthly active users jumping 37% to 459 million in the fourth quarter.
The company said it added a record 100 million monthly active users in 2020.
Pinterest's shares have risen over seven times from its pandemic-low in March last year. Pinterest had previously signaled it wants to remain an independent company, the FT said.
The social media company generates revenue by placing advertisements next to the Pins, or posts, uploaded on the site by users.
A deal between the two companies would also have tested the Biden administration's appetite for allowing powerful technology companies to strike deals, according to the FT.
4. #ASTRA ZENECA:- AstraZeneca expects profit growth to pick up this year after the COVID-19 vaccine developer beat forecasts for quarterly drug sales, with demand for its cancer and other therapies cushioning the disruption caused by the pandemic.
Last year was a crucial one for the Anglo-Swedish company. It teamed up with the University of Oxford to develop a COVID-19 vaccine, and struck its largest ever deal by buying U.S. drugmaker Alexion .
AstraZeneca said on Thursday it expects 2021 revenue to increase by a low teens percentage, with "faster growth" in core earnings to $4.75 to $5.00 per share. That translates to 18-24% growth in earnings, following 15% in 2020.
The guidance was a little lower than the $5.10 per share analysts expect, according to Refinitiv Eikon data, but AstraZeneca shares rose 2% in early trade.
The London-listed company said its forecast did not include any impact from its COVID-19 vaccine, adding it would report sales of the shot separately from the first quarter of 2021. It has pledged not to profit from the vaccine during the pandemic.
Much is riding on the British-developed "vaccine for the world", since it is cheaper and can be distributed more easily than rivals from Pfizer/BioNTech and Moderna .
Pfizer last week said it expects $15 billion in sales from its vaccine this year.
"With positive recommendations or approvals (for the vaccine) now received in over 50 countries ... we're already helping to change the course of the pandemic," AstraZeneca Chief Executive Pascal Soriot said in a video.
While public interest is largely on the vaccine, AstraZeneca's core business for diabetes, heart and kidney, and cancer medicines has proved resilient.
Fourth-quarter product sales, which exclude payments from tie-ups, surpassed a company-compiled consensus. Core profit of $1.07 per share for the three months ended Dec. 31 was in line with estimates.
5.#FACEBOOK:-Facebook Inc may have paid $4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators related to allegations it mishandled user privacy, according to a Wednesday court ruling.
The information was made public by a Delaware judge who gleaned it from a "white paper" prepared by a law firm advising Facebook's board of directors as they debated a proposed $5 billion settlement with the Federal Trade Commission. That agreement also protected Chief Executive Officer Mark Zuckerberg.
Vice Chancellor Joseph Slights of the Court of Chancery cited the paper by Gibson Dunn attorneys in his ruling directing Facebook to turn over documents to shareholders who are trying to determine if Facebook overpaid to protect Zuckerberg.
"The documents already produced provide no insight into why Facebook would pay more than its (apparently) maximum exposure to settle a claim," said Slights in the ruling. Shareholders, he said, were "right to question whether internal communications among Facebook fiduciaries might shed light on the Board’s thinking in this regard."
Facebook did not immediately respond to a request for comment.
The July 2019 deal resolved allegations Facebook mishandled user privacy. The company did not admit wrongdoing.
The London-listed company said its forecast did not include any impact from its COVID-19 vaccine, adding it would report sales of the shot separately from the first quarter of 2021. It has pledged not to profit from the vaccine during the pandemic.
Much is riding on the British-developed "vaccine for the world", since it is cheaper and can be distributed more easily than rivals from Pfizer/BioNTech and Moderna .
Pfizer last week said it expects $15 billion in sales from its vaccine this year.
"With positive recommendations or approvals (for the vaccine) now received in over 50 countries ... we're already helping to change the course of the pandemic," AstraZeneca Chief Executive Pascal Soriot said in a video.
While public interest is largely on the vaccine, AstraZeneca's core business for diabetes, heart and kidney, and cancer medicines has proved resilient.
Fourth-quarter product sales, which exclude payments from tie-ups, surpassed a company-compiled consensus. Core profit of $1.07 per share for the three months ended Dec. 31 was in line with estimates.
5.#FACEBOOK:-Facebook Inc may have paid $4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators related to allegations it mishandled user privacy, according to a Wednesday court ruling.
The information was made public by a Delaware judge who gleaned it from a "white paper" prepared by a law firm advising Facebook's board of directors as they debated a proposed $5 billion settlement with the Federal Trade Commission. That agreement also protected Chief Executive Officer Mark Zuckerberg.
Vice Chancellor Joseph Slights of the Court of Chancery cited the paper by Gibson Dunn attorneys in his ruling directing Facebook to turn over documents to shareholders who are trying to determine if Facebook overpaid to protect Zuckerberg.
"The documents already produced provide no insight into why Facebook would pay more than its (apparently) maximum exposure to settle a claim," said Slights in the ruling. Shareholders, he said, were "right to question whether internal communications among Facebook fiduciaries might shed light on the Board’s thinking in this regard."
Facebook did not immediately respond to a request for comment.
The July 2019 deal resolved allegations Facebook mishandled user privacy. The company did not admit wrongdoing.