Oil Prices Advance Pre-Bell, WTI Approaches $51 Per Barrel

Oil Prices Advance Pre-Bell, WTI Approaches $51 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in December were 0.7% higher at $50.96 per barrel during Friday’s pre-market trading session while Brent oil futures for delivery in the same month were 0.9% higher at $51.83 per barrel. The pre-bell price gains coincide with an increase in the value of the greenback the morning after the currency surged to a more than six-month high against the euro following […]

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Arrow Electronics to Bring New Level of Wifi Networking to Consumers by Partnering with Mojo Networks

Arrow Electronics to Bring New Level of Wifi Networking to Consumers by Partnering with Mojo Networks

Arrow Electronics (ARW) is teaming up with Mojo Networks, a enterprise wifi provider, to create one of the first Software-as-a-Service-based access point models, which will use Mojo’s technologies along with Arrow’s supply chain and cloud capabilities to cut hardware costs and create a new way of thinking of technology. The two companies are hoping to “bring flexible, next-generation IT system solutions to our customers and resellers today,” said Arrow Chief […]

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Dollar Defensive as China Trade Data Fuels Safe-Haven Demand For Yen

Dollar Defensive as China Trade Data Fuels Safe-Haven Demand For Yen

The unexpected drop in China’s trade surplus had far-reaching consequences for the U.S. dollar, ultimately causing it to close lower on Thursday against all the major currencies. Meanwhile, an impressive supply-driven rebound in oil futures buoyed the Canadian dollar and Norwegian krone, both of which were the strongest performing currencies among the G-10 currencies. USD/JPY drove forex action Thursday when a 20% decline in the Chinese trade surplus rekindled worries […]

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