SEC Warns “Bad Players” in Crypto in Move to Protect Investors
Securities and Exchange Commission chair Gary Gensler has hinted in his speech at a move to deal with bad players in the crypto industry. Gensler said the commission is prepared…
Five Stocks Warren Buffet is Buying in a Quarter He did More Selling
Berkshire Hathaway CEO and chairman Warren Buffet exited stakes in energy and finance and reduced pharmaceutical holdings, according to Kiplinger. Here are the key portfolio adds and exits of world’s…
Japan’s Economy Back into Recession as PMI Slips Below the 50 Index Level
Japan’s Composite PMI slipped to 48.1 in May, down from 51.0 in April, according to the IHS Markit press release. The PMI indicates a return to recession, one month after…
FTSE 100 Lags European Peers Despite Growing Economic Optimism in the UK
UK’s benchmark index FTSE 100, plunged 0.1% on Friday, opening to defy growing optimism of economic recovery. Other European stocks went contrary to FTSE as French CAC and German’s DAX…
Tencent Defies Tech Crackdown to Post 25% YOY Quarter Revenue Growth
Tencent reported an above-estimate revenue of RMB135.3 billion or US$20.6 billion in Q1 2021, up 25% year over year, according to the company’s press release. Operating profit also beat estimates…
Japan’s Semiconductor Equipment Industry Records a 17.2% Jump in April Billings
Japanese Semiconductor Equipment Industry recorded billings of 282,054 million Yen last month, according to SEAJ press release. The billings, based on three-month average, is up 17.2% from March 2021. The…
U.S Treasury Stresses on Global Minimum Corporate Tax of 15%
U.S Treasury has held ground on proposals to introduce a global minimum tax rate of at least 15%, according to press release. The Treasury believes a global minimum tax will…
Industrial Commodities in China Drop Following Government’s Crackdown Warning
Prices of China’s industrial commodities dropped on Thursday following the government's warning on market crackdown, according to Reuters. Steelmaking ingredients including iron ore and coking coal as well as steel…
Bitcoin’s Wild Price Swings Sees It Recover More than 100% from Morning Plunge
Bitcoin jumped 33% on Wednesday afternoon after falling about 31% in the morning. The wild swings caused outages on crypto exchanges while eliciting mixed reactions from Wall Street. Bitcoin started…
Jobless Claims Plunge Further by 34,000 as Labor Market Recovery Continues
U.S jobless claims for the week ending May 15 was 444,000, down 34,000 from the previous week, according to the Department of Labor press release. The claims were the lowest…
Lumber Traders Left in the Dark as Prices Swing 10% to Hit CME Limits
Lumber futures moved in a roller coaster as traders tried to establish if a drawback in wood prices had eliminated market froth, according to CNBC. July deliveries for Lumber fell…
Oatly Hits $10 Billion Valuation in IPO. Shows Market Demand for Plant-Based Milk & Food
Celebrity-backed Oat-milk maker Oatly Group raised $1.43 billion in IPO at $17 share price, according to the Wall Street Journal. The group planned to generate between $1.27 billion-$1.43 billion by…
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