US Consumer Price Index Rose 0.6% in March
US Consumer Price Index for All Urban Consumers rose 0.6% in March after jumping 0.4% in February, according to the Department of Labor press release. The March increase was the…
SoftBank-Backed Grab Listing Through SPAC in an Almost $40 Billion Deal
Ride-hailing giant Grab is set to list through an SPAC merger with Altimeter Growth Corp., according to CNBC. Grab will receive about $4.5 billion in cash, which includes $4 billion…
Bitcoin and Ether Jump to New All-Time Highs Ahead of Coinbase Listing
Bitcoin rose 4% in the last 24 hours to reach a fresh record high of $62,719 while ether climbed to a record $2,210. The record rise happened as investors awaited…
Stock Futures Pause As Investors Wait Key Consumer Prices Data
US stock futures remained calm on Tuesday ahead of key consumer prices data in March. Stock and bond investors seek to assess whether the projected US economic recovery will trigger…
HSBC Bans MicroStrategy’s Stock Buys on its Platform over Risk Concerns
HSBC has barred customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc. stock, according to Reuters. The bank referred to MicroStrategy stock as a…
Uber will Consider Venturing into Cannabis Delivery-CEO
Uber CEO Dara Khosrowshahi expects the company to start delivering cannabis once federal regulation allows it to do so, according to CNBC. The CEO sees an opportunity in cannabis delivery,…
Tesla Upgraded Following its Trillion-Dollar Energy Market Endeavor
Analyst Jed Dorsheimer upgraded Tesla’s stock to buy from hold and gave it a target of $1,071 on its energy market focus, according to Bloomberg. The analyst predicts Tesla’s energy…
Higher Input Prices Likely to Cause a Rise in Corporate Profits
Rising material costs are likely to be reflected on the corporate bottom lines, according to the Wall Street Journal. Analysts say that higher input costs generally accompany broad economic growth,…
Bitcoin Surpasses the $60,000 Mark on Supply Constraint Speculations
Bitcoin rose past $60,000 to approach record highs on the weekend. According to Yahoo! Finance, the surge was fueled by talks of constrained new supplies against evidence of broader adoption.…
Software Maker UiPath Targets up to $1.1 Billion in US Listing
Automation software maker, UiPath Inc. and its shareholders seeks to raise up to $1.1 billion in its US initial public offering, according to Bloomberg. The company will offer 6.8 million…
Microsoft in Late-Stage Discussions to Acquire Nuance for About $16 Billion
Microsoft is in advanced talks to buy speech-recognition company Nuance Communications for about $16 billion, according to CNBC. A transaction could reportedly be signed as early as Sunday and announced…
U.S Bond Yields Projected to Rise Following $271 Billion Bond Auctions
U.S Treasury auctions offering of $271 billion new debt could reignite a rise in bond yields and a fall in prices, according to Reuters. U.S inflation data for March, set…
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