Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 5 October 2021 3:14 am

  Facebook suffers worst selloff of 2021

  

  The social media giant’s stock on Monday retreated by nearly 5% in its worst daily loss since November. The decline came after Facebook’s worst outage since 2008. Facebook retreated to $315 level, however it closed Friday at $326.23 a share.The company came under additional pressure after whistleblower Frances Haugen revealed …

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• 5 October 2021 3:02 am

  Tesla’s good news on sales and chip problems

  

  Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales. U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the …

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• 5 October 2021 2:17 am

  General Motors’ electric-vehicle backed by hedge fund

  

  General Motors is planning for autos to be fully electric is based upon plans to electrify its vehicle lineup after the famous U. S. company won the support of an impact investment group. The hedge fund Engine No. 1, which was announced in January when it won three seats on …

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• 5 October 2021 12:37 am

  Bitcoin to spike over $48000 as crypto market rises to $2 trillion

  

  Compared to its Friday morning values, Bitcoin has gained more than 9%, regaining its previous high of $47,000.The flagship digital asset is trading at $47,762, down 0.23% on the day but up 9.08% in the last seven days.In this fourth quarter of 2021, the digital asset market has transitioned from …

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• 4 October 2021 11:47 pm

  Pandora Papers: World leaders deny wrongdoing after huge leak

  

  Several world leaders have issues official statements denying any involvement in wrongdoing after a huge leak of millions of documents that reveal secret financial dealings of the global political elite.The Pandora Papers investigation, which involved a consortium of 600 journalists from a variety of global media outlets, is based on …

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• 4 October 2021 11:37 pm

  Facebook’s shares lose 6% in wake of whistleblower revelations

  

  Facebook Inc. services experienced widespread outages Monday morning, adding to the social network’s worst and most miserable day.Facebook FB shares dropped as much as 6% to an intraday low of USD 323, which would be their worst single day decline since a 6.3% fall logged on 30 October 2020. The …

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• 4 October 2021 11:14 pm

  NZD/USD maintains positive tone

  

  The reversal of New Zealand’s dollar from 0.0.6980 high has found support at 0.6955.The NZD/USD pair was able to maintain its near-term positive tone amid broad-based USD weakness. Therefore, the NZD/USD remains close to 0.7000 resistance area.The New Zealand dollar’s rejection at the 0.7000 area, seen during Monday’s earlier US …

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• 4 October 2021 10:54 pm

  Australia’s business confidence first increase since May

  

  The Business Confidence Index in Australia has increased for the first time since May.The Index’s report cites following the outlining of re-opening plans in September in both NSW and Victoria, business confidence data gained +3.1% m/m to 104.6 on Monday, and +22.2% y/y. Business confidence in September 2021 was 9.2pts …

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• 4 October 2021 10:36 pm

  Could Evergrande trigger a global economic infection?

  

  The massive Chinese real estate company Evergrande is unable to pay its debts. This crisis has ignited some rare protests in China and is raising concerns all over the international financial markets.A key question now is whether or not the government of China will let Evergrande collapse and whether or …

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• 4 October 2021 9:53 pm

  Oil leaps as OPEC+ stick to production policy

  

  Oil prices on Monday hit seven-year high after OPEC+ opted to adopt their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. Crude prices jumped by three per cent, or $2.32, to $78.17 on the New York Mercantile Exchange, the …

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• 4 October 2021 9:19 pm

  Facebook Inc’s Apps go down for millions of users in widespread outrage

  

  Facebook, Instagram, WhatsApp and a handful of other apps suddenly crashed Monday afternoon, turning up error messages to its millions of users around the world. All of the apps that went down are owned by Facebook. The major outage comes as Facebook finds itself in hot water over its role …

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• 4 October 2021 9:11 pm

  Wall Street retreats by Big Tech rotation

  

  Wall Street’s main indexes fell on Monday as investors shifted interest in technology shares in the face of rising Treasury yields, while new concerns over trade erupted on U.S.-China trade relations providing another reason for caution.U.S. Treasury yields have been supported by recent data showing increased consumer spending, accelerated factory …

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• 4 October 2021 8:54 pm

  Japan’s new PM seeks new mandate to handle recovery

  

  Newly elected Japanese Prime Minister Fumio Kishida said Monday he will dissolve the lower house next week in preparation for 31 October elections as he seeks a fresh mandate to deal with the coronavirus pandemic, the sagging economy and security threats from China and North Korea. Kishida was formally elected …

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