Tesla Starts Accepting DOGE for Eligible Products at its Stores
(Tesla) Tesla has said it will accept Dogecoin payments for certain products at its stores, saying they are not allowing any other crypto. The company says shoppers can purchase the…
Ford Enters the $100 Billion Club as Investors Bet on its EV Prospects
(Bloomberg) Ford Motor Co. shares rose up to 3.84% on Thursday to trade at $25.40 apiece, helping the company to top the $100 billion market capitalization. The new milestone by…
Virgin Galactic’s Announced $500 Million Debt Dents Stock
(Virgin Galactic) Shares of Virgin Galactic plunged more than 15% on Thursday after the company said it eyes $500 million debt. The company will float $425 million convertible senior notes…
US Jobless Claims Makes an Advance of 23,000 in the First Week of the Year
(Department of Labor) US jobless claims for the week that ended January 8 totaled 230,000, up 23,000 from the previous week. On a four-week moving average, jobless claims rose by…
Cannabis Compounds Found to Stop Covid-19 Virus, Oregon University Study
(NIH) Researchers affiliated with Oregon State University have found that compounds found in cannabis blocks the virus that causes Covid-19 from invading the cells. The researchers say that two cannabinoid…
Swiss National Bank Announces a Successful Test of “Wholesale” CBDC with 5 Banks
(SNB) The Swiss National Bank says it has used a digital version of currency to settle transactions with five different banks. Known as Project Helvetia, the trials were conducted in…
TSMC Announces $44B Capex to Address Chip Issues as Q421 Income Hits a Record
(TSMC) TSMC intends to invest $40 billion to $44 billion in 2022 to address chip issues, with the shortages propelling it to a record NT$166.23 billion or $6 billion net…
Cruise Operator Genting Stock More than Halves in Resumed Trading on Debt Issues
(CNBC) Genting Hong Kong shares fell more than 50% on Thursday after resuming trading since it was halted four days ago. The fall in the cruise operator’s stock happened after…
Visa Targets a CBDC-Linked Card in New Partnership With ConsenSys
(CoinDesk) Visa is working with Ethereum scaling entity ConsenSys for a new card that will bridge the gap between traditional finance and central bank digital currency networks. Under a new…
Crude Inventories Decline by 4.6M in the First Week of 2022
(EIA) US crude inventories were 413.3 million barrels in the week that ended January 7, down by 4.6 million barrels from the previous week. The fall in the inventories takes…
US Banks to Launch a USDF Stablecoin to Address Concerns of Nonbank Equivalents
(Prnewswire) The New York Community Bank, Sterling National Bank, and First Bank are pioneering a stablecoin named USDF as concerns of nonbank-issued equivalents mount. The consortium says the USDF coin…
Hyzon Motors Plunge After Short-Selling Inquiries by the SEC
(MarketWatch) Hyzon Motors Inc. shares fell up to 16% on Wednesday before recovering some losses on news of a regulatory subpoena by the Securities and Exchange Commission. Hyzon said the…
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