The US Treasury has postponed restrictions on trading in Chinese companies with links to the military from May 27 to June 11, according to CNBC. The decision grants a grace…
Jeep maker Stellantis plans a 50-50 deal with iPhone assembler Foxconn to develop an automotive software, according to the Wall Street Journal. The deal creates a joint venture, Mobile Drive,…
Bank of America will increase hourly minimum wage to $25 by 2025 for its American employees, according to CNN Business. The bank aims to maintain “a great standard of living”…
Bitcoin chartists predict big selloffs of the world’s largest cryptocurrency. Evercore ISI’s Rich Ross expects prices to fall to the 200-day moving average or at about $40,000 price level. Analysts…
The euro area recorded a 0.6% decline in GDP as employment fell by 0.3% in Q1 2021 from the previous quarter, according to a Eurostat press release. In the EU,…
Building permits for privately-owned housing units rose 0.3% in April to reach a seasonally adjusted rate of 1,760,000, according to the Census Bureau press release. The building permits were 60.9%…
Macy’s sales rose 62.5% in Q121 from the comparable quarter of 2020 on an owned basis, according to the company’s press release. On an owned plus licensed basis, the sales…
Walmart.com reported a revenue of $138.3 billion in Q122, up 2.7% from the comparable quarter of last fiscal year, according to the company’s press release. Quarter revenue was adversely affected…
Alibaba-backed Huitongda Networks Co., is consulting advisers in a potential listing in Hongkong, according to Bloomberg. The e-Commerce firm could raise about $1 billion in the IPO that could be…
The U.K unemployment rate was 4.8% in the first quarter, down from 5.1% at the end of last year, according to the Office of National Statistics press release. The unemployment…
Michael Burry had placed bearish puts against 800,100 shares of Tesla as of March 31, Bloomberg reports. The position is estimated to be worth $534 million when the bets were…
Ark Invest has termed Elon Musk’s environmental concerns about bitcoin mining as “misguided,” according to the Markets Insider. Analyst Yassine Elmandjra says bitcoin can enhance green-energy revolution and contribute positively…