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Overview of Top weekly news

Overview of Top weekly news

Microsoft is buying Clipchamp

Start-up Clipchamp will be the latest in Microsoft. The giant announced its purchase this week, but the purchase price is not disclosed. Clipchamp specializes in simple video production that it wants to make available to everyone. Their technology pushes Microsoft’s long-standing commitment to expanding its portfolio of services. Additional services are also the reason why the company increased the prices of its subscription for Office 365.

Performance of Microsoft over for 5 years. (Source: Investing.com)

The price of Bitcoin fell down

The price of the oldest cryptocurrency fell as soon as it climbed on Monday, breaking the $ 52,000 mark. The value of the cryptocurrency declined after El Salvador was prepared to accept the largest cryptocurrency under the market ceiling as legal tender, making it the first country to do so. Ethereum and Coinbase shares also fell. Problems also occurred on crypto exchanges and users experienced delayed or canceled transactions at higher prices.

PayPal will close the deal for $2.7 billion in cash

US payment giant PayPal Holdings plans to buy an alternative credit company. This is a Japanese company Paidy, which specializes in the BNPL service – buy now, pay later. The coronavirus pandemic has contributed to the development of the sector and a significant number of consumers have started using the service. The transaction is expected to be completed by the end of the year and will amount to $ 2.7 billion in cash. With this step, PayPal will also come closer to dominating the industry, and other companies such as Apple are also considering launching the service.

The cycling business is at stake

Halfords, a British retailer of bicycles and car spare parts, is having problems disrupting the global supply chain. Problems such as the reduction of production in factories, the interruption of freight transport, as well as the inflation of key raw materials cause a lack of the necessary supplies. Halford’s goal is to maintain an annual pre-tax profit of more than £ 75 million. Other countries face a similar problem.

Watch this week:

On Thursday, The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks  decide  on where to set the interest rate for Eurozone.

On Friday, in USA will publish U.S. Producer Price Index (PPI) MoM.


Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.39% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.