Uber Raises Market Optimism After Upgrading Guidance
(CNBC) Uber shares rose by about 6% in premarket trading after raising its expected gross bookings to between $22.8 billion and $23.2 billion for the third quarter. The bookings were…
US Bancorp Agrees to an $8B Deal to Acquire MUFG Union Bank
(WSJ) US Bancorp will buy MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group in a cash and stock deal of $8 billion. The deal includes $5.5…
Chronicle NFT Platform Banks on Sustainability and User Friendliness to Gain Traction
(Twitter) Chronicle is collaborating with the NEAR protocol to deploy an environmentally sustainable NFT platform that allows users to transact digital collectibles from top brands. Chronicle features 2D and 3D…
JPMorgan Debuts the Long-Awaited British Digital Bank
(Reuters) JPMorgan has launched the digital bank Chase in the UK as part of its expansion plans and move to counter the growing influence of fintech. JPMorgan is now expected…
North American Semiconductor Billings Drop 5.4% in August
(SEMI) North American semiconductor equipment manufacturers recorded an average of $3.65 billion in worldwide billings in the three months to August 2021. The billings were 5.4% below the July’s final…
Coinbase Discontinues Lending Product After Feud With SEC
(Coinbase) Coinbase Global Inc. has stopped the launch of its USDC APY lending product after the Securities and Exchange Commission termed it as a breach of security laws. The crypto exchange…
Royal Dutch Shell Yields to Pressure by Selling $9.5B Worth of Assets in the Permian Basin
(WSJ) Royal Dutch Shell will sell its assets in the US most active oil field, the Permian basin, for $9.5 billion to ConocoPhillips as pressure mounts to cut carbon emissions.…
Builders’ Confidence Improves in September as Lumber Prices Fall
(NAHB) The builder’s sentiment for newly constructed single-family homes rose by one point to 76 in September, ending three consecutive months of decline. The uptick in builder’s sentiment reflected falling…
Federal Investigator Faults Musk’s Driver-Assistance Software Upgrade
(WSJ) Jennifer Homendy, a top federal crash investigator, has termed Tesla’s idea of upgrading the driver-assistance software as premature. Through the National Transportation Safety Board, Homendy has asked Tesla first…
Relentless El Salvador Ignores Market Warnings to Buy 150 BTCs After Dip
(Cointelegraph) El Salvador added to its Bitcoin holdings with a further 150 tokens at a price below $46,000. The Bitcoin additions happen amid warnings by global agencies on making Bitcoin…
Evergrande Falls More than 10% to an 11-Year Low on Looming Loan Defaults
(Reuters) Chinese property developer Evergrande Group extended losses by a further 10.2% on Monday to claim an 11-year low of HK$2.28 as fears grow over loan defaults. The fall in…
GitLab Lines up IPO Following a Bullish Run by Cloud Software Entities
(CNBC) Cloud-based software provider GitLab has filed an initial public offering to list on Nasdaq under ticker “GTLB” to take advantage of strong growth in the sector. Once listed, GitLab…
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