Charlie Munger’s Daily Journal Corp. Dumps 50% of Alibaba Stake
(Reuters) Charlie Munger’s Daily Journal Corp. held around 300,000 shares of Alibaba as of March 31, a more than 50% reduction of stake from 602,060 at the end of 2021.…
UK Unemployment Falls by 0.2% in Dec-Feb Quarter, Job Vacancies Hits a Record
(ONS) The UK unemployment rate from December 2021 to February 2022 quarter declined by 0.2% to 3.8%. The employment rate, nonetheless, was largely unchanged at 75.5%, below a pre-pandemic level.…
Snoop Dogg’s NFT Collection Now on Cardano Onboard Clay Nation
(Twitter) The hip hop mogul Calvin Broadus Jr., dubbed Snoop Dogg, is launching a new NFT collection on Cardano network after collaborating with Clay Nation. The NFT collection is expected…
Bilibili Lead Chinese Gamer Stock Gains as Beijing Ends Longstanding Freeze
(CNBC) Shares of China’s video-sharing site Bilibili rose more than 8% on Monday as news emerged that Beijing had okayed the first batch of video games for monetization. Other US-listed…
Shares of EV Makers Nosedive as Nio Warns of Delivery Delays
(MarketWatch) NIO stock lost about 10% in premarket on Monday before recovering some losses, leading to declines among electric car makers following warnings of delivery delays. Nio cited Covid-19 related…
Shopify Announces a 10-for-1 Stock Split, Updates Governance Structure
(Shopify) Shopify is proposing a 10-for-1 stock split in a move that seeks changes to its share structure to protect the company’s voting power. The Canadian e-commerce giant said it…
SailPoint Technologies Stock Soars 29% On $6.9B Deal by Thoma Bravo
(FT) Shares of cyber security firm SailPoint Technologies rose more than 29% on Monday in premarket after news of a $6.9 billion acquisition by Thoma Bravo. Thoma Bravo is expected…
Binance CEO Says “More to Come” After “In-Principle” Approval in Abu Dhabi
(CNBC) The Financial Services Regulatory Authority of Abu Dhabi has granted crypto exchange Binance an “in-principle” approval to operate as a broker-dealer in digital assets. The crypto exchange says the…
Hyzon Motors Stock Jumps After Confirming Supplies of 18 EV Trucks to Hylane
(Hyzon) Shares of Hyzon Motors Inc. rose more than 3% on Monday in premarket after it said it will supply 18 fuel cell electric trucks to Hylane Gmbh. Hyzon said…
UK GDP Grows by a Marginal 0.1% in February
(ONS) UK’s gross domestic product expanded by 0.1% in February, a slower gain compared to an increase of 0.8% in January. The services sector led the GDP increases, with a…
China’s Consumer Inflation, Producer Prices Rises by More Than Estimates in March
(NBS) China’s consumer prices rose by an annual 1.5% in March, the fastest in three months, beating estimates of 1.2%. The consumer prices increase accelerated from a gain of 0.9%…
Elon Musk Will Not Join Twitter Board, CEO Agrawal Says
(Twitter) Twitter CEO Parag Agrawal says Tesla’s CEO Elon Musk has decided not to join the social media giant’s board despite taking a 9.2% stake in the company. Agrawal says…
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