(BLS) US inflation hit a 40-year record after rising by a monthly 0.5% in December, a lower gain compared to 0.8% increase in November. Despite the slower increase in consumer…
(Bloomberg) Virgin Orbit Holdings Inc. says it will launch two rockets from the UK in mid-2022 as it seeks to establish a global footprint. The company will also launch more…
(Twitter) Block CEO Jack Dorsey has proposed a legal defense fund that will protect Bitcoin developers from potential lawsuits. The non-profit defense fund will protect bitcoin developers by finding and…
(Philips) Philips’s stock fell more than 15% on Wednesday as the company said its group sales in the fourth quarter of 2021 will miss estimates. Philip’s sales estimate of 4.9…
(NBS) China’s producer prices rose at an annual rate of 10.3% in December, slower than 12.9% the previous month and below the expected 11.1% increase. The slow increase in producer…
(FT) Central banks of the world’s richest economies comprising the OECD group face pressure to raise rates as consumer prices of 5.8% in November rank the highest since May 1996.…
(Binance) Binance has tapped the former Bank of Russia director of report processing department Olga Goncharova, among other hires, as it targets operations in the region. Co-founder of crypto platform…
(Aptiv) Aptiv Plc has agreed to buy private equity firm Wind River from TPG Capital in a cash transaction of $4.3 billion. The acquisition is expected to allow Aptiv to…
(Bloomberg) Daiwa Capital Markets analyst Dennis Ip projects record low polysilicon prices in 2023, amid several projects coming up in China to address shortage. IP’s comments come when China is…
Nasdaq 100 rose 0.1% in late trading in New York on Monday, emerging from the ruins of a five-day selloff that gripped the markets after the Federal Reserve said it…
(Reuters) Electric vehicle maker Tesla Inc. sold 70,847 China-made vehicles in December, an increase from 52,859 the previous month. In December, only 245 China-made vehicles were designated for export, a…
(Bloomberg) US candidates seeking various congressional positions are selling non-fungible tokens to get funds for midterm election campaigns. Democrat candidate for the California House seat Shrina Kurani and Arizona’s Republican…