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Meet Chia: China’s New Bitcoin

Cryptocurrency (Apr 16, 2021 08:30AM ET) Meet Chia: China’s New Bitcoin China has launched a new digital currency, Chia, which is being hailed as a direct competitor to Bitcoin, only it offers energy-efficient farm-at-home rewards. To achieve greater energy efficiency, the Chia Network has reintroduced the consensus model called Proof of Space and Time (PoST). The […]

Canadian economy likely to slow, but COVID-19 threat to growth low: Reuters poll

Coronavirus (Apr 16, 2021 07:30AM ET)© Reuters. A construction crane is seen above Brookfield’s Bay Adelaide North in Toronto By Indradip Ghosh and Mumal Rathore BENGALURU (Reuters) – The Canadian economy is likely to grow at a slower pace this quarter and next than previously expected, but tighter lockdown restrictions from another wave of coronavirus […]

China likely to approve BioNTech’s COVID-19 vaccine by July: WSJ

Coronavirus (Apr 16, 2021 08:45AM ET)© Reuters. FILE PHOTO: Syringes are seen in front of a displayed Biontech logo in this illustration (Reuters) – China is planning to authorize the COVID-19 vaccine developed by Germany’s BioNTech SE (NASDAQ:BNTX) by July, the Wall Street Journal reported on Friday, citing people familiar with the matter. If approved, […]

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European Stocks Higher; Strong Daimler Earnings Help

Stock Markets (Apr 16, 2021 03:45AM ET)© Reuters. By Peter Nurse  Investing.com – European stock markets traded higher Friday, helped by strong earnings from German auto giant Daimler (OTC:DDAIF) as well as rising sentiment over a global economic recovery.  At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.5% higher, climbing to a record high, the CAC 40 in […]

Gunman kills eight, takes own life at FedEx site in Indianapolis -police

World (Apr 16, 2021 04:05AM ET)1 (Reuters) -A gunman shot eight people dead and injured several others at a FedEx (NYSE:FDX) facility in Indianapolis before taking his own life, police said early on Friday. An Indianapolis police officer said the authorities did not feel there was an active threat to the community anymore. “Today it […]

Cathay Pacific to cut cash burn as cargo-crew quarantine measures relaxed

Stock Markets (Apr 16, 2021 12:50AM ET)© Reuters. FILE PHOTO: Cathay Pacific aircraft is seen at Hong Kong International Airport (Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) Ltd said on Friday a relaxation of quarantine requirements for its cargo crews would help to boost air freight capacity and lower its cash burn at a […]

Britain has no plans to halt rapid COVID-19 testing -health ministry

Coronavirus (Apr 15, 2021 09:05PM ET)2© Reuters. Surge testing for the coronavirus disease (COVID-19) in the Barnet area of London By Kanishka Singh (Reuters) – Britain’s health ministry said on Thursday there were no plans to halt rapid coronavirus testing, after the Guardian newspaper reported the programme may be scaled back in England because of […]

Wall Street Opens at Record Highs After Twin Boost From Economy; Dow up 220 Pts

Stock Markets (Apr 15, 2021 09:41AM ET)14© Reuters. By Geoffrey Smith  Investing.com — U.S. stock markets opened at new record highs on Thursday, fueled by stronger-than-expected retail sales and jobless claims numbers. Initial jobless claims fell to their lowest since the pandemic began, in a sign that the pace of layoffs, which remained disconcertingly high […]

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India reports more than 200,000 new COVID-19 cases for first time

Coronavirus(Apr 15, 2021 01:00AM ET)1© Reuters. FILE PHOTO: People are seen in a crowded marketplace amidst the spread of the coronavirus disease (COVID-19), in Delhi NEW DELHI (Reuters) – India reported a record 200,739 COVID-19 cases over the last 24 hours, according to data issued by the health ministry on Thursday. Deaths stood at 1,038, […]

Bitcoin Builds Momentum To $75k: Hits New All-Time High

Cryptocurrency (Apr 15, 2021 04:01AM ET) Bitcoin Builds Momentum To $75k: Hits New All-Time High Bitcoin (BTC) has been building momentum over the last week, heading toward a possible new high above $70k. On Wednesday morning, the leading crypto set a new all-time high of $64,863.10 after a week-long bullish momentum. Over the last seven days, […]

Moderna discusses COVID-19 vaccine manufacturing with Nexus Pharmaceuticals: sources

Coronavirus (Apr 14, 2021 04:35PM ET)© Reuters. FILE PHOTO: COVID-19 vaccination at Glangwili General Hospital in Carmarthen By Nandita Bose WASHINGTON (Reuters) – Moderna (NASDAQ:MRNA) Inc, looking to boost production of its COVID-19 vaccine, met with Nexus Pharmaceuticals to discuss manufacturing the shot at the company’s new plant in Wisconsin, which has the capacity to process and […]

Lions become fourth team to opt out of voluntary workouts over COVID-19 concerns

Coronavirus (Apr 14, 2021 12:25PM ET)© Reuters. FILE PHOTO: NFL: Minnesota Vikings at Detroit Lions By Amy Tennery (Reuters) – The Detroit Lions became the fourth National Football League team to opt out of in-person voluntary workouts, citing concerns over COVID-19, as a rift emerged between the league and its players’ union over off-season protocols. […]

Uber expects employees to return to office by Sept. 13

Stock Markets (Apr 14, 2021 12:20PM ET)© Reuters. The Uber application is seen on a mobile phone in London (Reuters) – Uber Technologies (NYSE:UBER) Inc said on Wednesday it expects its employees to return to office by Sept. 13, making it one of the first major U.S. tech companies to set a return date. Employees […]

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J&J investor calls on shareholders to reject CEO Gorsky’s pay

Stock Markets (Apr 14, 2021 11:40AM ET)© Reuters. Alex Gorsky, Chairman and CEO of Johnson & Johnson, celebrates the 75th anniversary of his company’s listing on the floor at the NYSE in New York By Jessica DiNapoli (Reuters) – The Office of the Illinois State Treasurer is calling on Johnson & Johnson (NYSE:JNJ) shareholders to […]

Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer

Cryptocurrency (Apr 14, 2021 10:40AM ET) Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer Mike Colyer, CEO of Foundry Digital — a crypto mining subsidiary of Digital Currency Group — believes mining Bitcoin could eventually help the world transition to green energy. Speaking at the Crypto Mining Forum online event on […]

3 Cannabis Stocks Wall Street Predicts Will Rally By at Least 25%

Stock Markets (Apr 14, 2021 11:01AM ET)© Reuters 3 Cannabis Stocks Wall Street Predicts Will Rally By at Least 25% The rapid pace of legalization at the state level and meaningful progress on cannabis decriminalization at the federal level make Wall Street optimistic about the upside potential of several fundamentally sound stocks in this space. […]

Brazil’s P1 coronavirus variant mutating, may become more dangerous: study

Coronavirus (Apr 14, 2021 10:45AM ET)© Reuters. Outbreak of the coronavirus disease (COVID-19) in Bauru By Pedro Fonseca RIO DE JANEIRO (Reuters) – Brazil’s P1 coronavirus variant, behind a deadly COVID-19 surge in the Latin American country that has raised international alarm, is mutating in ways that could make it better able to evade antibodies, […]

Kremlin tells U.S. it will act decisively if Washington imposes new sanctions: RIA

World (Apr 14, 2021 05:15AM ET)© Reuters. FILE PHOTO: Russian and U.S. state flags fly near a factory in Vsevolozhsk MOSCOW (Reuters) – The Kremlin told Washington on Wednesday it would act decisively if the United States undertook any new “unfriendly steps” such as imposing sanctions, the RIA news agency reported, citing a foreign ministry […]

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Lark Davis Says, Coinbase IPO Is Best Investment for 2021

Cryptocurrency (Apr 14, 2021 04:00AM ET) Lark Davis Says, Coinbase IPO Is Best Investment for 2021 Lark Davis, explains that Coinbase IPO will be the best investment in 2021. Coinbase Global launches its highly anticipated initial public offering. Coinbase is selling 114.9 million shares direct to the public, according to IPO filing. Crypto expert, Lark […]

Norwegian Air to raise additional cash before bankruptcy exit

Stock Markets (Apr 14, 2021 04:00AM ET)© Reuters. FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport OSLO (Reuters) – Norwegian Air now aims to raise up to 6 billion crowns ($711 million) in fresh capital, up from a planned 4.5 billion, to bolster its resources before emerging from bankruptcy protection next […]

U.S. pauses use of J&J vaccine over rare blood clots, rollout delayed in Europe

Coronavirus (Apr 13, 2021 06:45PM ET)3© Reuters. FILE PHOTO: Vials and medical syringe are seen in front of J&J logo in this illustration By Michael Erman and Manas Mishra (Reuters) – U.S. federal health agencies on Tuesday recommended pausing use of Johnson & Johnson (NYSE:JNJ)’s COVID-19 vaccine for at least a few days after six […]

Medvedev tests COVID-19 positive, out of Monte Carlo Masters – ATP

Coronavirus (Apr 13, 2021 04:55AM ET)© Reuters. FILE PHOTO: Tennis: Miami Open (Reuters) – World number two Daniil Medvedev of Russia has tested positive for the novel coronavirus and has been withdrawn from this week’s Monte Carlo Masters, the ATP said on Tuesday. Medvedev, who was seeded second behind top-ranked Novak Djokovic at the ATP […]

Japan Olympic adviser urges COVID-19 vaccine option for athletes

Coronavirus (Apr 13, 2021 02:36AM ET)© Reuters. FILE PHOTO: Man looks at his mobile phone next to The Olympic rings in front of the Japan Olympics Museum in Tokyo By Rocky Swift TOKYO (Reuters) – A health adviser to Japan’s Olympic committee said on Tuesday athletes should have the option of getting COVID-19 vaccines, days […]

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GM marketing spend will return to normal levels post pandemic

Stock Markets (Apr 12, 2021 11:15AM ET)© Reuters. FILE PHOTO: Logo of GM atop the company headquarters By Ben Klayman DETROIT (Reuters) -General Motors Co’s marketing and promotional spending will return to normal levels after the COVID-19 pandemic caused that budget to drop last year, the U.S. automaker’s top marketing officer said on Monday. “What […]

Uber, PayPal, Walgreens launch $11 million vaccine rides fund

Stock Markets(Apr 12, 2021 11:10AM ET)© Reuters. FILE PHOTO: Vaccination center in California By Tina Bellon (Reuters) – Uber Technologies (NYSE:UBER) Inc, PayPal Holdings Inc (NASDAQ:PYPL) and Walgreens Inc on Monday said they launched an $11 million fund to provide free ride-hail trips to U.S. COVID-19 vaccination sites for people who lack access to transportation. The Vaccine […]

Canaan reports $33M net loss for 2020 despite bullish Bitcoin price action

Cryptocurrency (Apr 12, 2021 10:40AM ET)Canaan reports $33M net loss for 2020 despite bullish Bitcoin price action Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was about $33 million. However, Canaan’s […]

S&P 500, Dow ease from record levels; earnings, data in focus

Stock Markets (Apr 12, 2021 10:25AM ET)1© Reuters. FILE PHOTO: New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in New York By Shivani Kumaresan (Reuters) – The S&P 500 and the Dow Jones indexes retreated from record levels on Monday, as investors geared up for the start of the corporate reporting season […]

Businesses in India’s richest state choke under new COVID-19 curbs

Coronavirus (Apr 12, 2021 09:25AM ET)© Reuters. A health worker checks a passenger’s temperature and pulse at a railway station platform amidst the spread of the coronavirus disease (COVID-19) in Mumbai By Shilpa Jamkhandikar and Abhirup Roy MUMBAI (Reuters) – Retailers, restaurants and theatres in India’s richest state are reeling under the impact of harsh […]

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Analysis: Biden’s agencies reverse Trump’s Wall Street-friendly rules

Stock Markets (Apr 12, 2021 09:05AM ET)3© Reuters. FILE PHOTO: FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City By Katanga Johnson WASHINGTON (Reuters) – U.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under […]

Bitcoin Could See Huge Surge From Current Value to $400K

Cryptocurrency (Apr 12, 2021 05:00AM ET) Bitcoin Could See Huge Surge From Current Value to $400K Bitcoin price could spike to $400,000. BTC is replacing gold. Its market capitalization might spike over $7 Trillion. According to Bloomberg strategists, the price of Bitcoin could spike multi-fold from its current value to $400,000 due to increased institutional adoption. […]

India’s coronavirus tally overtakes Brazil; thousands join ritual bath

Coronavirus (Apr 12, 2021 03:26AM ET)3© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Mumbai By Saurabh Sharma Rajendra Jadhav LUCKNOW (Reuters) -India reported a record daily tally of 168,912 COVID-19 infections on Monday, the world’s highest, while worries grew over a further spike, as hundreds of thousands of devotees gathered for a […]

Why’s Bitcoin stuck under $60,000? The gold market cap may hold the answer

Cryptocurrency (Apr 09, 2021 10:40AM ET) Why’s Bitcoin stuck under $60,000? The gold market cap may hold the answer After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support. After all, what is so special about this magic round number and its accompanying $1 trillion market capitalization? […]

Harley-Davidson Snags a Buy from Northcoast

Stock Markets (Apr 09, 2021 10:42AM ET)© Reuters. By Christiana Sciaudone Investing.com —  Harley-Davidson (NYSE:HOG) jumped more than 4% after getting an upgrade at Northcoast. Analyst Brandon Rolle upgraded HOG to buy from neutral with a price target of $49, according to StreetInsider. Rolle had downgraded shares in late January. Hog hired a new chief […]

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Boeing production issue prompts Southwest to pull some 737 MAX jets from schedule

Stock Markets (Apr 09, 2021 09:00AM ET)1© Reuters. FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle (Reuters) – Boeing (NYSE:BA) on Friday asked some operators of its 737 MAX jet to fix a potential production issue related to an electrical power system in the aircraft, prompting […]

The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — Analyst

Cryptocurrency (Apr 09, 2021 08:40AM ET) The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — Analyst The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805. But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain […]

Uber, Lyft use rides to vaccines to get drivers, customers back on the platform

Stock Markets (Apr 09, 2021 08:10AM ET)© Reuters. FILE PHOTO: A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego By Tina Bellon (Reuters) – Uber Technologies (NYSE:UBER) Inc and Lyft Inc (NASDAQ:LYFT) are spending millions of dollars to provide drivers with access to COVID-19 vaccines and offering […]

China’s auto sales surge 75% in March, 12th straight monthly gain

Economic Indicators (Apr 09, 2021 02:55AM ET)© Reuters. Newly manufactured cars are seen at a port in Dalian BEIJING (Reuters) – Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19 pandemic. Sales reached 2.53 million vehicles in […]

Exclusive: China’s Didi picks Goldman, Morgan Stanley for mega U.S. IPO – sources

Stock Markets (Apr 09, 2021 03:35AM ET)© Reuters. FILE PHOTO: Didi headquarters in Beijing By Julie Zhu HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge […]

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Former Secretary of State Pompeo to join Fox News Media

Stock Markets(Apr 08, 2021 11:35AM ET)© Reuters. FILE PHOTO: U.S. Secretary of State Pompeo delivers remarks at National Press Club (Reuters) – Former U.S. Secretary of State Mike Pompeo will join Fox News Media as a contributor, the news network controlled by media baron Rupert Murdoch said on Thursday. Pompeo is the latest former Trump […]

Chinese border city’s Communist Party chief dismissed over COVID-19 outbreaks

Coronavirus (Apr 07, 2021 10:50PM ET)© Reuters. FILE PHOTO: Medical workers attend to people lining up for nucleic acid testing at a residential compound in Ruili BEIJING (Reuters) – The top Communist Party official of a city in China’s southwestern Yunnan province was dismissed from his post due to what the provincial government called a […]

Canada’s Ivey PMI jumps to 10-year high as activity accelerates in March

Economic Indicators (Apr 07, 2021 02:10PM ET)© Reuters. FILE PHOTO: Gary Haines places SOLD signs on Harley Davidson motorcycles in Toronto TORONTO (Reuters) – Canadian economic activity expanded at its fastest pace in 10 years in March as a measure of employment climbed, Ivey Purchasing Managers Index (PMI) data showed on Wednesday. The seasonally adjusted […]

5 key reasons why Bitcoin will likely see new all-time highs soon

Cryptocurrency (Apr 07, 2021 01:40PM ET) 5 key reasons why Bitcoin will likely see new all-time highs soon The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months, on-chain data reveals. However, five key indicators suggest that major sellers are about to turn into hodlers or even accumulators of […]

Wall Street ticks lower in choppy trading ahead of Fed minutes

Economy (Apr 07, 2021 12:30PM ET)10© Reuters. FILE PHOTO: The front facade of the NYSE is seen in New York By Shivani Kumaresan and Medha Singh (Reuters) – Wall Street’s main indexes dipped in choppy trading on Wednesday as investors cautiously awaited minutes from the Federal Reserve’s meeting last month that could offer clues on […]

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Nowhere as worrisome for COVID-19 infections as South America, Brazil concerning: PAHO

Coronavirus (Apr 07, 2021 01:00PM ET) By Julia Symmes Cobb BOGOTA (Reuters) – South America is the most worrying region for COVID-19 infections, as cases mount in nearly every country, the director of the Pan American Health Organization (PAHO) said on Wednesday. “Nowhere are infections as worrisome as in South America”, Director Carissa Etienne said […]

Brazil detects first case of South African variant as COVID-19 deaths soar

Coronavirus (Apr 07, 2021 12:20PM ET)© Reuters. Outbreak of the coronavirus disease (COVID-19) in Bauru By Pedro Fonseca RIO DE JANEIRO (Reuters) – Brazil has recorded its first confirmed case of the highly contagious coronavirus variant discovered in South Africa, a fresh danger sign for a country already ravaged by the world’s highest daily death […]

Scientists call for new probe into COVID-19 origins: with or without China

Coronavirus (Apr 07, 2021 12:25PM ET)© Reuters. FILE PHOTO: WHO team at a news conference in Wuhan SHANGHAI (Reuters) – A joint China-World Health Organization (WHO) study into COVID-19 has provided no credible answers about how the pandemic began, and more rigorous investigations are required – with or without Beijing’s involvement, a group of international […]

Bitcoin’s $1-trillion market holds for 10 days straight

Cryptocurrency (Apr 06, 2021 11:40AM ET) Bitcoin’s $1-trillion market holds for 10 days straight More than 10% of Bitcoin’s supply has been moved while its market capitalization has been more than a trillion dollars since March 26, indicating strong support in the middle- and upper-$50,000 price range. According to Monday’s “Week On-chain” report from on-chain analytics provider […]

Wall Street treads water after record rally on economic rebound hopes

Economy (Apr 06, 2021 11:30AM ET)1 © Reuters. FILE PHOTO: A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City By Medha Singh and Shivani Kumaresan (Reuters) – Wall Street’s main indexes treaded water on Tuesday as investors stayed on the sidelines a day after the S&P […]

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EU backs U.S. call for global minimum corporate tax, but rate to be decided

Stock Markets (Apr 06, 2021 10:55AM ET) © Reuters. FILE PHOTO: FILE PHOTO: Yellen holds a news conference in Washington By Jan Strupczewski BRUSSELS (Reuters) – The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in talks […]

Brazil’s COVID-19 death surge set to pass the worst of record U.S. wave

Coronavirus (Apr 06, 2021 10:10AM ET) © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Sao Paulo By Pedro Fonseca RIO DE JANEIRO (Reuters) – Brazil’s brutal surge in COVID-19 deaths will soon surpass the worst of a record January wave in the United States, climbing well beyond an average 3,000 fatalities per […]

Michigan coronavirus cases at record, tops daily tally among U.S. states

Coronavirus (Apr 06, 2021 06:00AM ET) © Reuters. FILE PHOTO: Restaurants amid COVID-19 restrictions easing, in Ann Arbor (Reuters) – Michigan reported a record number of coronavirus cases on Monday to top the daily tally among U.S. states, about a month after easing restrictions when new cases showed a downward trend. It reported 11,082 cases […]

Exclusive: EU blocks 3.1 million doses of AstraZeneca shots to Australia – source

World (Apr 06, 2021 05:35AM ET) © Reuters. FILE PHOTO: Oxford/AstraZeneca’s COVID-19 vaccine at a vaccination centre in Antwerp By Colin Packham CANBERRA (Reuters) – The European Union has blocked shipments of 3.1 million doses of AstraZeneca (NASDAQ:AZN)’s COVID-19 vaccine to Australia and the country has little hope of getting the remaining 400,000 doses it […]

North Korea drops out of Tokyo Olympics citing COVID-19, dashing South Korea hopes

Coronavirus (Apr 06, 2021 12:00AM ET) © Reuters. FILE PHOTO: Tokyo 2020 Olympic torch relay By Hyonhee Shin SEOUL (Reuters) – North Korea will not join the Tokyo Olympics this year due to coronavirus concerns, the country’s sports ministry said on Tuesday, dashing South Korean hopes the Games could be a catalyst to revive stalled […]

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Global COVID-19 death toll surpasses 3 million amid new infections resurgence

Coronavirus (Apr 06, 2021 04:56AM ET) © Reuters. FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Prague By Roshan Abraham and Anurag Maan (Reuters) – Coronavirus-related deaths worldwide crossed 3 million on Tuesday, according to a Reuters tally, as the latest global resurgence of COVID-19 infections is challenging vaccination efforts across the globe. Worldwide COVID-19 […]

S&P 500 opens at record high after strong jobs data

Stock Markets (Apr 05, 2021 09:40AM ET)8 © Reuters. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York (Reuters) – The S&P 500 opened at a record high on Monday, supported by strong jobs data, while investors awaited the services sector report with signals that 2021 could see the […]

Singapore to accept COVID-19 digital travel pass from next month

Coronavirus(Apr 05, 2021 07:10AM ET) © Reuters. FILE PHOTO: Spread of the coronavirus disease (COVID-19) at the Changi Airport in Singapore SINGAPORE (Reuters) – Singapore will next month accept visitors who use a mobile travel pass containing digital certificates for COVID-19 tests and vaccines, its aviation regulator said on Monday, becoming one of the first […]

SoftBank leads $1.2 billion investment in diagnostics firm Invitae

Stock Markets (Apr 05, 2021 07:45AM ET) © Reuters. FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo (Reuters) – A group of investors including SoftBank Group Corp will invest $1.15 billion in Invitae (NYSE:NVTA) Corp, the U.S. genetic diagnostics company said on Monday.SoftBank leads $1.2 billion investment in diagnostics firm […]

Renowned stock picker believes Bitcoin will eclipse gold’s $10T market cap

Cryptocurrency (Apr 05, 2021 07:20AM ET) Renowned stock picker believes Bitcoin will eclipse gold’s $10T market cap Ark Invest believes Bitcoin’s (BTC) market capitalization will one day “comfortably eclipse” that of gold, and exceed $10 trillion, reports the London Times. Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is […]

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Futures gain after robust monthly jobs report

Stock Markets (Apr 05, 2021 06:50AM ET) © Reuters. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Medha Singh (Reuters) – U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that […]

GameStop shares fall after announcing share sale plan

Stock Markets (Apr 05, 2021 06:40AM ET) © Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo (Reuters) – GameStop Corp (NYSE:GME) shares fell 12% on Monday after the video game retailer said it may sell up to 3.5 million shares as it tries to take advantage of the stock price […]

DeFi-ing the odds: Why DeFi could rebuild trust in financial services

Cryptocurrency (Apr 05, 2021 06:00AM ET) DeFi-ing the odds: Why DeFi could rebuild trust in financial services To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before. Nowhere is the decline in trust […]

Labor board finds Amazon illegally fired activist workers: NYT

Stock Markets (Apr 05, 2021 05:35AM ET)1 © Reuters. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City (Reuters) – The National Labor Relations Board (NLRB) has determined Amazon.com Inc (NASDAQ:AMZN) illegally retaliated against two of its most prominent internal critics when it fired them last year, […]

Tesla shares surge after electric carmaker posts record deliveries

Stock Markets (Apr 05, 2021 05:40AM ET)1 © Reuters. FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing (Reuters) – Shares of Tesla (NASDAQ:TSLA) Inc were up about 7.5% in pre-market trading on Monday, after the world’s most valuable carmaker […]

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