Xpeng Deliveries Jump 233% YoY in October
(Xpeng) Vehicle deliveries by Chinese electric vehicle maker Xpeng Inc. rose 233% in October 2021 from the prior year to 10,138. Out of the total deliveries, 6,044 consisted of P7s,…
AMC Flaunts the Idea of Including Shiba Inu as a Payment Option
(Twitter) Movie giant AMC Theatres is exploring the idea of adding Shiba Inu to its payment options for tickets and concession stand purchases. In a Twitter poll, CEO Adam Aron…
Consumer Sentiment Improves Marginally From Mid-Oct. to Remain Below September
(University of Michigan) US consumer sentiment index rose by only 0.3 points from mid-October level to 71.7, remaining 1.5% below last month. Consumer sentiment is now 0.1 points above the…
Personal Incomes Fall by 1.0% in September as Government Support Wanes
(BEA) US personal incomes fell by 1.0% or $216.2 billion, reflecting a decline in social benefits provided by the government. Disposable personal incomes fell by 1.3%, or $213.9 billion. Real…
Exxon Back Into Profit as Earnings Jump by $7.4 Billion in Q3 2021
(ExxonMobil) Exxon Mobil reported $6.8 billion profit or $1.57 per diluted share earnings in the third quarter of 2021, an increase from a loss of 680 million or -$0.15 per…
Volvo Stocks Surges 22% to a Market Cap of $23B in an IPO
(FT) Volvo Car shares rose 22.1% after an initial public offer to a market capitalization of about $23 billion from $18 billion. The new capitalization missed an earlier estimate of…
Investor Makes $5.7B From $8,000 Investment in Shiba Inu in Biggest Individual Trade
(Markets Insider) An investor reportedly made about $5.7 billion after buying $8,000 worth of Shiba Inu coins immediately after its debut. The trades started in August 2020, with the investor…
Euro Area Posts a Higher 4.1% Jump in Inflation in October
(Eurostat) Annual inflation in the euro area was 4.1% in October, the highest since 2008, beating, and beating17.6% increase in September. Services led to a 2.1% increase in inflation compared…
GDP Growth in the Euro Area and EU Improves Further in the Third Quarter
(Eurostat) Economic growth is estimated to have jumped by 2.2% in the euro area in the third quarter, more than a gain of 2.1% in the second. Growth in the…
Facebook Rebrands to Meta as it Eyes New Ambitions in AR and VR
(Meta) Facebook has announced a change of its name to Meta in its push to an avatar-filled virtual world or metaverse. CEO Mark Zuckerberg says Facebook represents an iconic social…
Amazon Downgrades Guidance as Net Income Almost Halves in the Third Quarter
(Amazon) Amazon Inc. reported a net income of $3.2 billion in the third quarter of 2021, down from $6.3 billion in the comparable quarter of 2020. In the nine months…
Apple’s Revenue Jumps 29% In Q4. Sales Miss Expectations
(Apple) Apple Inc. announced an increase in revenue to $ 83.4 billion in the fourth quarter of the 2021 fiscal year from $64.7 billion reported in the same period of…
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