(Census Bureau) Retail and food services in the US in August was $618.7 billion, an uptick of 0.7% from July. The retail sales were 15.1% above August 2020. Fig: Retail…
(Fed Philadelphia) The current activity diffusion index for US manufacturing outlook was 19.4 in August, a decline of 3 points from June. The index marks a fourth consecutive month of…
(Bloomberg) Macau’s big companies in the gambling sector lost a record $18.4 billion of combined market value following China’s revision of gambling laws. The new regulations require more sector’s stake…
(CryptoPotato) AMC theatres will start accepting Ethereum, Litecoin, and Bitcoin Cash as payments, expanding options beyond Bitcoin. Litecoin reacted to AMC’s announcement, gaining 6% to reach $192, while Ethereum surged…
(ACEA) Europe’s passenger car market dropped 19.1% year-over-year in August to 622,993 units. Spain, Italy, Germany, and France dropped 28.9%, 27.3%, 23.0%, and 15.0%, respectively. Fig: New Passenger Car Registrations…
(Bloomberg) Cathie Wood’s Ark Invest added at least 236,000 shares of Robinhood on Tuesday, with an estimated value of $10 million. The fund unloaded 89,000 shares of Tesla valued at…
(Fed) Late-month shutdowns due to Hurricane Ida held back industrial production in the US, with the output increasing by 0.4% in August, down from a gain of 0.8% in July.…
(MicroStrategy) The world’s leading bitcoin holder MicroStrategy bought another 5,050 for about $242.9 million at an average price of $48,099 per BTC. The new purchase means that MicroStrategy’s total holdings…
(Reuters) Major cryptocurrency exchange firm Coinbase Global Inc. has decided to raise its debt offering by a quarter, given the high market interest for the product. Coinbase decided to hike…
(Bloomberg) China has warned lenders to cash-strapped developer Evergrande Group not to expect interest payments due on September 20 as massive debt restructuring looms. Fig: Evergrande’s Dollar Bonds The warnings,…
(Eurostat) Industrial production in the euro area rose by 1.5% in July from June, a slightly higher increase than the EU which posted a 1.4% jump. Fig: Industrial Production in…
(ONS) The U.K. consumer price index jumped by 3.2% in the year to August 2021, the largest increase on record since 1997. The gain was higher than expected 2.9% and…