Under Armour Jumps 12% as FY21 Guidance Overshoots Estimates
(Under Armour) Shares of Under Armour Inc. rose by 10.5% on Tuesday after the company said it expects revenues in 2021 in North America to increase in the high twenties.…
Tesla Yet to Sign Contract With Hertz as Musk Faults “Strange” Company Valuation
(MarketWatch) Tesla’s CEO Elon Musk says that the company has not signed a contract to deliver 100,000 electric vehicles to Hertz by 2022. Musk questioned a 33% Tesla stock rally…
66 Billion Dollar Lawsuit Seeking to Uncover Satoshi Nakamoto Identity
(CoinDesk) The trial of Ira Kleiman versus Craig Wright seeking to uncover the identity of Satoshi Nakamoto and the fate of his 1.1 million bitcoins has begun in Miami. Craig…
Eurozone Manufacturing Sector Growth Drops Amid Record Inflation
(IHS Markit) The Eurozone manufacturing sector slowed down in October, with a drop in PMI to 58.3 from 58.6 in September. The expansion was the slowest growth since February. Companies…
Amazon-Backed EV Start-Up Rivian Eyes $60B IPO Next Week
(WSJ) Rivian Automotive Inc., an Amazon-backed electric-vehicle startup, is looking to sell its shares between $57 and $62 a piece in a public listing next week that will value it…
Binance Cites “Large Backlog” After Stopping Crypto Withdrawals on the Platform
(Twitter) World’s largest crypto exchange Binance says a “large backlog” prompted a suspension of cryptocurrency withdrawals on its platform. Binance says it is working on an update to restore withdrawals.…
OPEC+ in a Tug of War With the US After Rejecting Biden’s Plea for More Oil
(Bloomberg) OPEC+ could clash with the US over its decision to stick with a gradual increase in oil output against calls by President Biden for higher production. The US is…
US Manufacturing Hits a 10-Month Low in October but New Orders Remain Robust
(IHS Markit) US Manufacturing PMI was 58.4 in October, a drop from 60.7 in September and the weakest in ten months. Growth of new orders was sharp and at a…
Biotech Firm ABVC BioPharma Soars Up to 930% on Retail Frenzy
(Bloomberg) Shares of small biotech firm ABVC BioPharma Inc. rose as much as 930% in premarket trading on Monday before shedding gains to below 300% on retail frenzy. ABVC attracted…
Harley-Davidson Soars as US and EU Moves to Ease Trump-Era Metal Tariffs
(CNBC) Shares of motorcycle maker Harley-Davidson rose as much as 9.4% in premarket on Monday after the US and European authorities agreed to ease aluminum and steel tariffs. The EU…
GameStop’s Collaboration With Loopring’s NFT Marketplace Could Launch in Q4 2021
(GMEdd) Loopring’s public GitHub repository has revealed that the GameStop’s NFT marketplace in collaboration with Ethereum could be underway. GMEdd shared GameStop’s latest NFT job listings, with Web 3.0, NFT…
UK Manufacturing Improves Marginally in October but Supply Bottlenecks Persist
(IHS Markit) UK posted a manufacturing PMI of 57.8 in October, a slight improvement from 57.1 in September and the first expansion in five months. New orders expanded but were…
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