The District of Columbia has launched an antitrust lawsuit against Amazon over its treatment of sellers, according to the Wall Street Journal. The e-commerce giant is accused of blocking its…
Avi Hooper, Invesco Ltd.’s senior portfolio manager, sees unsustainable yields on Canadian bonds, according to Bloomberg. Hooper says the bonds have risen too far and too quick, failing to match…
Guggenheim cofounder Todd Morley is supporting the construction of a blockchain tower in New York, according to Bloomberg. The network tower is aimed at strengthening blockchain-based communication and trading in…
Demand for new single-family houses in April waned as sales fell at 5.9% to an annual rate of 863,000 from March, according to the Census Bureau press release. April’s new…
U.S Consumer Confidence Index was 117.2 in May, down slightly from April’s 117.5, according to Conference Board press release. The confidence reflected falling expectations as the index measuring short-term outlook…
U.S Department of Commerce found that Vietnam exporters obtained countervailable subsidies, according to press release. The commerce department determined company-specific countervailing duty rates that ranged from 6.23% and 7.89% for…
A coalition of 28 industry groups have joined hands to oppose plans to increase taxes by Biden’s administration, according to CNBC. The self-declared “job creators” consortium says hiking taxes will…
India is making plans to introduce a stimulus package to support sectors hit by its worst coronavirus wave, according to Bloomberg. The package’s aim is to boost the economy as…
FTSE Russel has proposed to re-add Xiaomi Corporation and Luokung Technology Corp. to its Global Equity Index Series, according to press release. The proposal is subject to a determination by…
Germany’s price-adjusted gross domestic product in Q1 2021 was 3.4% below that of the comparable quarter of 2020, according to Destatis press release. Price and calendar adjusted GDP was 1.8%…
Gains in consumer staples equities saw China’s benchmark index gain the most since July on Tuesday, Bloomberg reports. CSI 300 surged 3.2% closing above the 100-day moving average, the highest…
World’s top hedge fund founder Ray Dalio has gone from doubting bitcoin to dipping into it amid the looming global debt crisis, according to Yahoo! Finance. Ray retaliated that the…