Nio Retreats on the First Trading Day in Hong Kong
(WSJ) Shares of Nio Inc. fell by more than 3% on Thursday as the electric vehicle maker started trading in Hong Kong after a conclusion of listing by introduction. Listing…
JD.com Net Revenues Jump by 23% In the Fourth Quarter of 2021, Swings Into Loss
(JD.com) Chinese e-commerce giant JD.com announced net revenues of RMB275.9 billion or US$43.3 billion in the fourth quarter of 2021, an increase of 23% from the prior year. In FY21,…
South Korea’s Crypto-Friendly Yoon Suk-Yeol Emerges Victory in Presidential Poll
(Cointelegraph) ICX, the native token of the South Korean ICON blockchain, surged 60% in 12 hours after presidential candidate Yoon Suk-Yeol won the election. The conservative People Power Party candidate…
Amazon Jumps 6% After Announcing a 20-for-1 Stock Split, Share Repurchase
(CNBC) Shares of Amazon rose more than 6% on Thursday after announcing a stock split that will give investors 20 shares for each unit they currently own. Amazon stock was…
RUNE Adds 37% In 24 Hours as Synthetic Assets Go Live on THORChain
(THORChain) THORChain’s native token RUNE rose by up to 37% in 24 hours to touch a peak of $5.56 on Thursday after synthetic assets went live on the platform. The…
US Crude Inventories Decline by 1.9M Barrels
(IEA) The US reported 411.6 million barrels of crude oil inventories in the week that ended March 4, down by 1.9 million barrels from the previous week. Inventories of motor…
US Reports 11.3M Job Openings in January
(BLS) US job openings remained little changed at 11.3 million on the last business day of January. The rate of job openings also remained little changed at 7.0%. Job openings…
ZIM Stock Soars as Q4 2021 Net Income Jumps by 366%
(ZIM) Shares of ZIM Integrated Shipping Services rose more than 7% on Wednesday after posting a net income of $1.71 billion in Q4 2021 from $366 million in the prior…
Binance CEO Zhao Outlines Plan to Acquire More Firms in Traditional Markets
(FT) Binance CEO Changpeng Zhao says the crypto exchange seeks to invest in one or two targets in every economic sector in a bid to gain more bargaining power in…
Niu Announces a 46.7% Jump in Revenues Q4 2021, Issues Lower Guidance
(Niu) Niu Technologies reported revenue of RMB986.1 million in the fourth quarter of 2021, an increase of 46.7% from the prior year. For FY21, Niu’s revenues were RMB3.705 billion, an…
Binance Announces Resumption of Euro and Pound Bank Transfers in Europe
(Binance) Binance’s European users, except those in The Netherlands and Switzerland, can access British pound and euros transactions eight months after the suspension of the service. The service will allow…
BBBY Jumps 97% After Gamestop Chairman Says He Owns Almost 10% Stake
(CNBC) Bed Bath & Beyond stock rose more than 97% on Monday premarket after GameStop chairman Ryan Cohen revealed he owns almost 10% of the retailer. The investment, held through…
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