(IHS Markit) NatWest UK nations and regions posted increases in business activity in September despite a record output price inflation. Wales posted the fastest increase in business activity, with the…
(Bloomberg) Investor Michael O’Rourke is advising investors to ditch growth tech stocks for banks since the expected interest rate increase will benefit the latter. O’Rourke says although tech stocks had…
(SEC Filing) Charlie Munger’s Daily Journal increased its stake in Alibaba by 83% to more than 300,000 in the third quarter as other investors sold the stock. The investment by…
(FT) Nicolas Chaillan, the first Pentagon chief software officer, says China has won the artificial intelligence war against the US and is heading for global dominance. Chaillan, who describes the…
(NIU) Global sales of NIU Technologies e-scooters were 397,079 in the third quarter, up 58.3% from the comparable quarter of 2020. Sales rose by a lower 56.9% in the second…
(OECD) The international community of 136 countries has agreed to a global tax system that will see multinational enterprises pay a minimum rate of 15% from 2023. The deal allows…
(Census Bureau) US inventories of merchant wholesalers were $731.1 billion in August, a gain of 1.2% from July. The inventories were 12.3% higher than August 2020. The sales of merchant…
(BLS) US total nonfarm payroll employment increased by 194,000 in September, a deviation from expected increase of 500,000. Unemployment was down by 0.4% to a post-pandemic record low of 4.8%,…
(Beincrypto) The total value locked on decentralized finance hit a record $208.39 billion, with Ethereum-based platforms controlling 72% of the total. Binance Smart Chain is the second most popular DeFi…
(Bloomberg) China State Administration for Market Regulation has fined Meituan 3.44 billion yuan or $533 million over anti-monopoly violations after a two-month probe. Meituan has been ordered to return a…
(Bloomberg) Tether, a stablecoin supposed to be worth only $1, is now troubling regulators with its $69 billion market cap. Tether’s huge market cap is believed to be derived from…
(Samsung) Samsung Electronics projects a third-quarter profit of between 15.7 and 15.9 trillion Korean Won, the highest in three years. The world’s largest memory chip and smartphone company projects the revenue…