Xpeng Deliveries Jump by an Annual 115% in January
(Xpeng) Xpeng Inc. posted 12,922 deliveries of smart electric vehicles in the first month of 2022, up 115% from the prior year. January deliveries mean that Xpeng has closed the…
JPMorgan Strategists Makes a Buy Call for Small Caps, Says Market Is Overdone
(Bloomberg) JPMorgan strategists say small cap stocks and cyclicals are attractive buys after the recent dip, pointing out that they have already priced for an unlikely economic recession. Led by…
Coinbase Now Supports Solana Ecosystem Tokens, SOL Surges
(CoinDesk) Solana’s native token SOL surged more than 17% to trade above $100 as the US crypto exchange listed the network’s ORCA and FIDA tokens. The listing of the two…
Sony Announces $3.6 Bln Deal for Game Developer Bungie in Catch up With Microsoft
(Sony) Sony Interactive Entertainment will acquire US game developer Bungie in the latest deal seen as a response to Microsoft’s blockbuster offer for Activision Blizzard. The acquisition of Bungie, the…
NIO Deliveries Jump by 33.6% in January
(NIO) NIO Inc. delivered 9,652 vehicles in January 2022, up 33.6% from the prior year’s comparable month. The deliveries for January consisted of 1,531 flagship premium smart electric SUV or…
Texas Manufacturing Steady but Eases in January to an Index of 16.6
Source: Federal Reserve Bank of Dallas The production index gauging Texas manufacturing conditions remained on an above-average output growth level of 16.6, despite it being at the lowest in eight…
Spotify Counters User Backlash With Covid Rules After Rogan Controversy
(Spotify) Spotify Technology SA has come out to defend its stand about Covid-19 by publishing rules on content allowed on its platform. Spotify says the advisory seeks to raise awareness…
Bitcoin Puts Rise to the Highest in Six Months – BTC Bear Run Coming to an End?
(CoinDesk) Crypto markets are signaling extreme bearish sentiment, with the put-call option interest ratio hitting a six-month high of 0.62. Patrick Chu of tech platform Paradigm says put-call ratio means…
Binance Creates $1 Billion Fund to Protect Users in Eventuality of Hacks
(Bloomberg) Crypto exchange Binance Holdings Ltd. has stepped up user funds’ protection by creating a $1 billion insurance fund. Binance’s move is part of its efforts to address the concerns…
Euro Area and EU GDP Jumps by 5.2% in 2021 as Growth Stalls in Q4
(Eurostat) Euro area and EU posted a 5.2% increase in GDP in 2021, despite growth easing in the last quarter of the year. Growth in the fourth quarter eased at…
Citrix Reportedly Going Private in a $13B Deal by Elliot and Vista
(Reuters) Elliott Management Corp. and Vista Equity Partners are reportedly closing a deal to take Citrix Systems Inc. private for around $13 billion. The reported cash bid will value Citrix…
Crypto Execs. Form Political Action Group to Support Candidates for Midterm Poll
(Politico) Top executives of various crypto firms and exchanges have formed a political action committee to garner support for candidates during the midterm elections in November. The group, also known…
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