(Markets Insider) JPMorgan strategists are warning that the newly launched ProShares Bitcoin Strategy ETF could grow so big, leading to poor performance in the future. JPMorgan says the contango in…
(The Conference Board) US Consumer Confidence Index rose from a three-month low of 109.8 in September to a high of 113.8 in October. The Present Situation Index rose from 144.3…
(Census Bureau) US sales of new homes in September reached an annual rate of 800,000, a jump of 14.0% from August. At 800,000, sales of new homes are now 17.6%…
(Business Insider) Social media giant Facebook is expecting its investment into the Reality Labs project to cut its profit by about $10 billion this year. Facebook says it believes in…
(Reuters) General Motors is targeting up to 40,000 charging stations as it seeks to accelerate its electric vehicle infrastructure in the US and Canada. GM said it aims to expand…
(Bloomberg) US president Joe Biden is facing opposition even from his Democratic allies over ambition to fulfill his campaign promise of raising tax rates. Biden says there are not enough…
(Twitter) Coinbase CEO Brian Armstrong has expressed support for Ripple in its lawsuit with the U.S. Securities and Exchange Commission. Armstrong tweeted that the case was moving better than expected.…
(WSJ) Tesla has climbed above $1 trillion in value following a stock surge to become the seventh company and the first car maker to join the trillion-dollar club after Hertz…
(CBI) UK retail hit average levels for the first time in 2021 in October, with stock adequacy levels approaching series low since 1985. Retail sales are now projected to rise…
(Bondly) Blockchain developers Bondly and IO Global have jointly created an official cross-chain “bridge” that allows communication between Cardano and Ethereum networks. The new “bridge” will allow NFT creators move…
(Facebook) Facebook Inc. reported revenue of $29.010 billion in the third quarter of 2021, up 33% from the prior year. A net income of $9.194 billion was reported in the…
(Chicago Fed) The Chicago Fed National Activity Index fell to -0.13 in September, from a gain of 0.05% in August, reflecting a decline in production-related indicators. On a three-month moving…