Source: Unsplash.com | Photographer: Andrea Natali
We are informing all our clients that, due to the upcoming Summer bank holiday in the UK, on August 31, 2020 (Monday), the CFD markets of UK shares and the UK100 index will be closed.
Alibaba Crushes Analyst Forecasts, Posts Strong Commerce and Cloud Computing Earnings
Source: Dreamstime
Reading time: two minutes
While COVID-19 has been a nuisance for most businesses, the stay-at-home situation did lead to increased online shopping. This greatly benefitted leaders in this sector like Amazon, Etsy, Ebay and, of course, Alibaba, which posted net income of 47.59 billion yuan.
Uber Loses on the Ride-sharing Front, Triumphs on the Food Delivery Front
Source: Unsplash | Photographer: Mak
Reading time: two minutes
While the financial results of the ride-sharing company for Q2 2020 did beat Wall Street’s estimates, they were still approximately 29% weaker compared to the same period last year.
AMD Shares Skyrocket After Strong Q3 Guidance Announcement
Source: Dreamstime
Reading time: two minutes
The results are in and things are looking good for AMD. According to their earnings report for the second quarter of 2020, the company enjoyed a year-over-year revenue boost of 26%. Income from computing and graphics components for PCs and laptops also came at a whopping $1.37 billion, beating Wall Street expectations by 45%.
Bulgaria and the Еuro Аrea: Everything You Need to Know About the Country’s Entry into the ERM II
Source: Pexels
Reading time: eight minutes
On July 10, Bulgaria and Croatia were officially welcomed into the ERM II—the European Union’s Exchange Rate Mechanism. If you are wondering what makes this event so important, how the ERM II works in practice, and what are the benefits of adopting the euro as a national currency, keep on reading.