(Luckin Coffee) The total revenues of Luckin Coffee Inc. amounted to RMB2.432 billion or US$381.7 million in the fourth quarter of 2021, up 80.7% from the prior year. The company…
(Department of Labor) US jobless claims were recorded at 187,000 in the week that ended March 19, down by 28,000 from the previous week. The claims were at the lowest…
(WSJ) Uber stock rose more than 5% on Thursday after reaching a deal to list all taxis in the city of New York on its app. The move by Uber…
(Reuters) Shares of Nikola Corp. gained more than 16% on Thursday in premarket trading on news the company had started manufacturing electric trucks. Nikola said that it initiated production of…
(Bitcoin of America) Bitcoin of America has announced that Dogecoin can now be accessed through its ATMs. The support for the popular meme coin boosted the sentiment in the cryptocurrency,…
(IHS Markit) The Eurozone PMI Composite Output Index was posted at 54.5, a two-month low and a decline from 55.5 the previous month. The slowdowns in Eurozone business activity reflected…
(Coinbase) Coinbase has announced that its staking offerings for its users now include Cardano’s ADA tokens. Coinbase’s senior product manager Rupmalini Sahu said that ADA ranks as a top-ten coin…
(CoinDesk) The European Parliament has approved a five-year pilot program to test the use of blockchain technology for stock and bond issuance, settlement, and trading. The lawmakers in the EU…
(Adobe) Shares of Adobe fell more than 9% on Wednesday despite announcing a record $4.26 billion revenue in the first quarter of 2022. The record revenue represented a 9% year-over-year…
(EIA) US crude oil inventories fell by 2.5 million barrels in the week that ended March 18 to 413.4 million barrels. The total motor gasoline inventories declined by 2.9 million…
(Twitter) Facebook’s parent Meta has filed eight trademark applications to be allowed to offer various digital asset products and services in the metaverse. Meta’s applications cover crypto tokens, blockchain software,…
(Cresco Labs) Cannabis stocks gained strengths on Wednesday after pot producer Cresco Labs said it was buying all the issued and outstanding shares of Columbia Care Inc. The deal, agreed…