Interview: Nvidia CEO’s Views on Proof of Stake Eth, Chip Shortage, and AI
(VentureBeat) Nvidia’s CEO Jensen Huang highly believes in ETH’s proof of stake. Huang says it carries a lot of credibility, works well, and many people can depend on it for…
Corsair Stock, The New Reddit’s Toy that is Up 25%, and Traders Can’t Keep Calm
(Reddit) Corsair Gaming dominated Reddit forum chats for the better part of the weekend and Monday that saw the stock surge as much as 25%. Short float raised to 5.76…
Novavax to Seek FDA Approval of Vaccine after it is Found to be 90% Effective
(CNBC) Phase 3 clinical trials of Novavax vaccine trials on a sample of 29,960 participants have confirmed it is safe and 90.4% effective. Two-dose vaccine of Novavax was determined to…
Turkish President Reveals $3.6 Billion Swap Deal with Beijing to Boost Local Currency
(Bloomberg) Turkish President Recep Tayyip Erdogan said his country signed a fresh $3.6 billion swap with China, taking the limit on currency arrangement to $6 billion. The swap deal allows…
IEA Projects Oil Hitting Pre-Pandemic Levels in 2022 Amid Uneven Recoveries
(IEA) International Energy Agency expects global demand for oil to hit pre-pandemic levels towards the end of next year. IEA expects sustained Covid devastation and low inoculations in several parts…
Chewy Grows Net Sales 31.7% YOY in the First Quarter
(Chewy.com) Net sales for pet company Chewy Inc. expanded by 31.7% year over year to reach $2.14 billion in Q1 2021. Chewy’s gross margins expanded 420 basis points year over…
Prospects of End to US-Turkey Missile Tussle Sees Lira Jump the Most Since Mid-May
(Bloomberg) Prospects of Turkey resolving differences with the US following the purchase of Russian missiles boosted lira by as much as 1.7%. Turkish Defense Minister Hulusi Akar said that Turkey…
China’s Didi Chuxing to Hit $70 Billion in Unveiled US Listing
(WSJ) Chinese ride-sharing giant Didi Chuxing is prepared to raise funds amounting to 8%-10% of its valuation as it prepares to list in the US in July. Didi’s valuation could…
UK Economy Grows 2.3% in April as Economic Opening Fuels Gains in Service Sector
(Office for National Statistics) UK’s growth expanded the fastest in April 2021 since July last year, after posting a 2.3% jump in gross domestic product. Growth of UK’s GDP was…
Iran to Legalize Cryptocurrencies if Idea by President Rouhani Goes Through
(TRUSTNODES) Iran has hinted at a plan to legalize cryptocurrencies in the country “as soon as possible.” Led by President Hassan Rouhani, Iran says it wants to legalize the crypto…
Consumer Price Index Surpasses Expectations to Hit Nearly 13 High Jump of 5%
(Bureau of Labor Statistics) US consumer prices rose by 5% year over year in May, the fastest in almost 13 years, beating an estimate of 4.7%. The highest consumer price…
Unemployment Claims Carve Pandemic-Low for Ninth Straight Week
(US Labor Department) Jobless claims in the United States of America fell further on Thursday to mark a fresh low since the COVID-19 pandemic hit. Seasonally adjusted initial claims dropped…
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