GameStop Stock Falls as Its Loss Widens to $105.4 Million in the Third Quarter
(GameStop) Shares of GameStop plunged more than 4% on Thursday after the company reported a net loss of $105.4 million in the third quarter of 2021, worse than the $18.8…
China’s CPI Rise by a Below-Estimate Level in November as Factory Prices Ease
(NBS) China posted a 2.3% year-over-year increase in consumer prices in November, a lower-than-expected jump of 2.5%, but above October’s gain of 1.5%. Factory-gate inflation eased in November, with the…
Crypto CEOs Unite for a Common Call for Orderly Industry Regulation
(Cointelegraph) Chief executive officers drawn from several crypto platforms in the US want the Congress to offer regulatory clarity in the industry rather than use knee-jerk reactions. In a Congressional…
Roku Jumps After Google Decides to Keep YouTube on the Platform
(CNBC) Shares of Roku rose more than 13% on Wednesday on news that it had agreed on a multi-year deal with Google for its streaming service. The agreement allows Roku’s…
China Denies Reports on Rules to Block VIEs in Foreign Funding
(IBT) China Securities Regulatory Commission has disowned reports saying it seeks to block variable interest entities from foreign funding and listing. The Chinese oversight authority says companies using the VIEs…
S&P 500 Index to Include EPAM Systems. KSU Drops Out
(NASDAQ) EPAM Systems Inc. is set to join the S&P 500 index on Tuesday, December 14, to fill a void left by departing Kansas City Southern. The exit of KSU…
Apple Faulted on Open Privacy Policy as Anonymised Data Becomes Norm
(FT) Privacy rules on Apple’s 1 billion iPhone users have been left to the loose interpretation by ad companies who have been granted leeway to obtain aggregated and anonymized data.…
Omicron Variant Likely to Evade Pfizer-BioNTech Vaccine, Research Shows
(NBC News) Researchers drawn from the Africa Health Research Institute have found about a fortyfold reduction in Pfizer-BioNTech vaccine-induced antibodies against the Omicron Covid variant. The researchers found that Omicron…
Volkswagen Teams With Umicore for EV Battery Materials in Europe
(Umicore) Volkswagen AG is accelerating its 30 billion euro or $34 billion Europe’s electric car investment goal by creating a joint venture with Umicore for its raw material needs. The…
Twitter Acquires Messaging Service Quill as it Diversifies From Ad-Based Model
(Twitter) Twitter’s new CEO Nick Caldwell has announced the acquisition of Quill, a business messaging service, in a move seen to diversify from its ad-based model. Following the deal, Quill…
Crypto Not Ideal for Retail Investors, Says Money Managers, Warning 2022 Correction
(Bloomberg) Almost three quarters of money managers in a Natixis survey say cryptocurrencies are not an appropriate asset class for retail investors. The money managers, who a third of them…
Tilray Acquires Distilled Spirits Brand Breckenridge in Product Expansion Push
(Tilray) Tilray Inc. has acquired Breckenridge Distillery in a deal it says will steer the cannabis firm towards its $4 billion revenue target by the end of 2024. Tilray banks…
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