Foreign exchange reserves are essential to a nation's economic well-being. Monetary authorities use these external assets for many purposes, but mostly to ensure a central government agency has backup funds if the national currency rapidly devalues. According to data gathered by …
The Big Five US Tech Giants Hit $6.4trn in Market Cap, a 53% Jump in a Year
Tech stocks dramatically outperformed the broader market in 2020, despite the COVID-19 effects. According to data gathered by ForexSchoolOnline, the combined market cap of the five largest tech companies in the United States surged by $2.2trn in the last year, reaching $6.4trn value in July. With …
Global Digital Commerce Industry to Touch $3trn Value This Year
The coronavirus outbreak has massively accelerated the growth of the digital commerce market, with millions of people choosing webshops instead of brick-and-mortar stores amid COVID-19 lockdown. According to data gathered by ForexSchoolOnline, the global digital commerce industry is expected to …
