(Coinbase) US crypto exchange Coinbase has proposed the use of blockchain and crypto technologies to detect and prevent evasion of economic sanctions. The crypto exchange says transactions involving digital assets…
(Adidas) Shares of Adidas rose more than 9% on Wednesday after reporting a 16% growth in currency-neutral revenues in the financial year 2021. On a currency basis, Adidas said that…
(NBS) China posted a producer price index of 8.8% in February, an eight-month low, easing from a 9.1% increase in January. The decline in factory prices happened amid the closure…
(Markets Insider) Wedbush’s analyst Da Ives says Apple is a defensive tech stock to own in the wake of Russia-Ukrainian induced volatility. Ives backs his claims by the observation that…
(Reuters) OPEC+ chief Mohammed Barkindo has warned that the world lacks the capacity to replace 7 million barrels a day of oil from Russia as countries move to ban imports.…
(FT) The London Metal Exchange banned trading in nickel contracts on Tuesday as prices rose past $100,000 per ton. The price rally follows moves by the market to cover short…
(Reuters) Tesla’s sales of China-made electric vehicles totaled 56,515 units in February, a decline from 59,845 units in January. Tesla sales in February included 33,315 that were exported. The falls…
(Eurostat) The gross domestic product increased by 0.3% in the euro area in the fourth quarter of 2021 from the previous quarter. The gain was lower than an increase of…
(Census Bureau) The US recorded $544.2 new orders for manufactured goods in January, up by 1.4% or $7.6 billion from December. The manufactured goods orders have now increased in the…
(Kroger) Kroger Co. stock rose more than 10% on Thursday after reporting sales of $33.0 billion in the fourth quarter of 2021, up from $30.7 billion in the prior year. …
(IHS Markit) The US Services PMI was registered at 56.5 in February, an increase from 51.3 in January amid strong demand conditions. The expansion in service business activity reflected a…
(Department of Labor) US jobless claims were posted at 215,000 in the week to February 26, down by 18,000 from the previous week. The claims were below estimates of 225,000.…