Retail Chains on Massive Downsizing Spree; High Bitcoin Value Lures Hackers
Wall St. Analyst has announced its comprehensive market summary that analyzes the most relevant news, events, and economic releases.
This edition of the newsletter provides an insight into how retail chains across the US are on a cost-cutting mode after dismal performance owing to competition from online stores. The newsletter also throws the spotlight on how the rising popularity and value of the Bitcoin have rendered the crypto-currency susceptible to hacking attacks.
Retail Chains Go Lean After Facing Heat from Online Stores
WallStAnalyst.com analyzes how major US retail chains are downsizing after facing intense competition from online stores. Brick-and-mortar retail chains are trimming their operations through store closures and sales force optimization. They are reeling under the harsh retail environment and have unveiled tepid February same-store sales.
More details about the US retail industry are available at:
http://wallstanalyst.com/research-desk/hot-w/1558-staples-tightens-belt-closing-225-stores-by-2015
Bitcoin Exchanges Brace for Hacking Attacks
WallStAnalyst.com analyzes how Bitcoin exchanges across the world are faced with a growing number of hacking attacks owing to its high value. Cyber security experts believe that the use of malicious viruses in Bitcoin thefts had contributed to the hacking attacks. Therefore, Bitcoin exchanges are going into an alert mode to safeguard the currency.
More details about the Bitcoin value are available at:
http://wallstanalyst.com/research-desk/hot-w/1557-the-tempest-swirling-the-virtual-currency
Oil Prices Rise on Weak Jobless Claims Data
WallStAnalyst.com analyzes how oil prices rose after the US Department of Labor announced that unemployment benefits fell by 26,000 last week. Moreover, natural gas witnessed a rally after gas inventories fell to a five-year low due to harsh US weather conditions.
More details about the US oil and gas sector are available at:
http://wallstanalyst.com/blog/entry/crude-oil-rises-as-jobless-claims-falls-natural-gas-rallies-on-weak-inventory-data
Euro Rises against USD as ECB Keeps Monetary Policy Unchanged
The USD slipped against the Euro after the ECB kept its benchmark interest rate unchanged to propel steady economic recovery in the Eurozone. The price of the USD is expected to fluctuate after the release of important government data on non-farm payrolls and unemployment rates.
More details about currency rates are available at:
http://wallstanalyst.com/blog/entry/us-dollar-holds-ground-against-jpy-euro-and-gbp-continue-to-gain
Focus Concepts, Sectors, and Companies
Gap Inc.
Staples Inc.
Bitcoin
Office Depot Inc.
OfficeMax Inc.
Amazon.com Inc.
For more information visit http://www.wallstanalyst.com/
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