Apple has unveiled its M1Pro and M1Max chips, which are used in the new MacBook Pro laptops. Apple says the M1 Max chip is the most powerful the company has ever built, with 57 billion transistors. Read more.
Breaking financial news from South Africa, Africa, and the world.
On the daily timeframe, HK50: D1 broke up the downtrend resistance line. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if HK50: D1 rises above the last high: 25700. Read more.
Facebook plans to create 10,000 jobs in the European Union over the next five years to build a digital world known as the "Metaverse". Read more.
The group expects a significant recovery in group earnings before interest, tax, depreciation and amortisation (Ebitda) to around 15.5%, compared with 12.1% in the previous corresponding period. Read more.
No major economic news events are coming out for the week, a lot of the focus will shift to the micro drivers as the conference in focus for the week will be the hybrid Advertising Week happening in New York City. Companies that will be in focus would be Amazon, Facebook, Google, Pinterest and Twitter. Read more.
As the third-quarter results were released yesterday earnings and revenue beat expectations resulting in the share price breaking to make new all-time high levels, net interest income, as well as pre-tax profits, are both above pre-Covid levels showing substantial progress being made. Read more.
Wells Fargo posted a jump in third-quarter profit Thursday, boosted by the release of loan-loss provisions as its recovery from the 2021 coronavirus pandemic accelerated. Read more.
At 31 August 2021, PSG Group’s net asset value per share was R110,09, representing an increase of 50% and 20% when compared to the net asset value per share of R73,27 and R91,76 as at 31 August 2020 and 28 February 2021, respectively. Read more.
On the daily timeframe, XAGEUR: D1 went up from the descending channel. A number of technical analysis indicators have generated signals for further growth. We do not rule out a bullish movement if XAGEUR rises above the last high: 20.2. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the lower Bollinger band and the last two lower fractals: 18.3. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most
After already facing severe impacts because of the Covid-19 pandemic, South Africa faced new challenges and a hit to its economy during July, following unrest and looting in Gauteng and KwaZulu-Natal, costing businesses billions, and leading to claims worth over R6 billion, putting a significant amount of pressure on the South African Special Risk Insurance Association (SASRIA). Read more.
As the US economy recovers with the unemployment rate on the decline and consumer spending on the rise a lot of e-commerce and retail vendors have started offering discounts in the leadup to Black Friday sooner than expected to try and stretch out holiday spending. Read more.