(PBC) The People’s Bank of China has announced a 0.5 percentage point reserve requirement reduction, in a move that will infuse 1.2 trillion yuan or $188 billion into the economy.…
(Reuters) Alibaba Group Holdings will reorganize its domestic and international operations as the tech giant focuses on being more agile and competitive. The restructuring move will see Alibaba form two…
(Bloomberg) The West Texas Intermediate crude topped $68 on Friday after OPEC+ said it could alter the $400,000 barrels a day production boost set for January. OPEC+, which put a…
(BLS) US nonfarm payroll employment increased by 210,000 in November, missing the expected 550,000 gain. The unemployment rate edged down by 0.4% to 4.2%. Job gains were posted in professional…
(Polygon) Polygon’s native token MATIC rose up to $2.4 from a low of about $1.95, a six-month high, on Friday after announcing a new open-source javascript library. Dubbed matic.js, the…
(FT) US Federal Trade Commission has moved to court to stop the planned $82 billion deal for Arm, a UK chip design entity currently under the control of SoftBank. FTC…
(IHS Markit) Eurozone posted an acceleration in economic growth, with the Composite Output Index up to 55.4 in November, above 54.2 posted in October. The higher expansion in the eurozone…
(FT) China’s ride-sharing giant Didi Chuxing said it will start the process of exiting the New York Stock Exchange in preference for Hong Kong. Didi says it has already authorized…
(DocuSign) Shares of DocuSign Inc. plunged more than 29% on Friday as revenue guidance of $557 million to $563 million the fourth quarter of 2022 missed the expected $575.3 million.…
(Kroger) Kroger reported sales of $31.9 billion in the third quarter, an increase from $29.7 billion posted in the prior year. The company's identical sales, excluding fuels, rose by 3.1%…
(Bloomberg) The West Texas Intermediate crude fell up to 4.8% on Thursday as investors expect OPEC+ to increase oil production in January. Bets against oil rose as Russia proposed a…
(BeinCrypto) Compass Mining CEO Whit Gibbs says the US is already mining Bitcoin, suggesting that the country may have 10-20 watts running in the Midwest to test it. After remaining…