(Protocol) China’s ride-sharing giant Didi Global has started massive layoffs targeting about 20% of its staff. The layoff is said to affect most teams at the company, including those in…
(Twitter) The New York Stock Exchange has filed with the US Patent and Trademark Office to trademark NYSE for cryptocurrencies, NFTs, digital collectibles, and marketplaces. The application, made on February…
(Bank of Russia) The Russian central bank says it has launched an official digital ruble trial, with successful transfers among citizens. The central bank says three banks from 12 financial…
(MoneyGram) Shares of MoneyGram International Inc. rose 18% on Tuesday after it announced a $1.8 billion acquisition by Madison Dearborn Partners LLC. The all-cash transaction represents about 50% premium to…
(Bureau of Labor Statistics) The US recorded a 1.0% increase in producer prices in January, catapulting the annual gain to 9.7%, a level close to the record high in 2010.…
(Virgin Galactic) Shares of Virgin Galactic jumped up to 13% on Tuesday after the company announced spaceflight reservations for a total price of $450,000 on February 16. Galactic CEO Michael…
Source: Eurostat The gross domestic product improved by 0.3% in the euro area in the fourth quarter of 2021 from the previous quarter. DAX is up +1.48%, EURUSD is up…
(Eurostat) The trade deficit in the euro area was 4.6 billion euros in December 2021, a downturn from a surplus of 28.3 billion euros in the prior year. The surge…
(WSJ) Shares of Tower Semiconductor Ltd rose by 49% on Tuesday after reports emerged that Intel was closing a $6 billion acquisition deal. The deal, which is reportedly closing as…
(Glassnode) Bitcoin’s futures term structure curve is flat through March as investors take steps to protect from the downside of higher interest rates. Glassnode reports that amid the flattening of…
(ONS) UK unemployment rate during the October to December 2021 period was estimated at 4.1%, a decline of 0.2% from the previous quarter. Following the decline, unemployment is now only…
(FT) Warren Buffett’s Berkshire Hathaway booked $975 million worth of shares in Activision Blizzard ahead of the company’s $75 billion buyout by Microsoft. The purchase of 14.7 million shares in…