(Bloomberg) China’s closure of the port of Ningbo-Zhoushan has caused speculation that the volumes at the Port of Los Angeles will go down considerably, and other ports globally may follow…
(BLS) Import prices in the US rose by 0.3% in July, a slower rate compared to 1.1% increase in June, and 1.3% in May. The increase in imports reflected rising…
(SoFi) SoFi Technologies Inc. registered a net loss of $165.5 million in the second quarter, compared to a profit of $7.8 million in the same quarter last year. The San-Francisco-based…
(Eurostat) Euro area led the EU in international trade in goods surplus in June at 18.1 billion euros against the latter’s 14.8 billion euros. At 18.1 billion trade surplus, the…
(REC) About 1.65 million active job adverts were posted in the UK in the first week of August, with up to 204,000 new positions in the same week. At 204,000…
(Bloomberg) US Food and Drug Administration has allowed Moderna Inc., Pfizer Inc., and BioNTech SE vaccines to be given as a third dose to Americans with weak immune systems. The…
(Airbnb) Airbnb’s revenue in the second quarter was $1.34 billion, up 299% year over year and more than expected $1.26 billion. The revenue was boosted by a 29% surge in…
On August 12, 2021, Ark Invest bought about 5.6 million shares of Palantir, in a day that saw the ETF fund dump Roche, Novartis, Twitter, and Alphabet stocks. Ark sold…
(DoorDash) Delivery startup DoorDash Inc. fell more than 5% on Friday premarket trading despite posting a revenue of $1.25 billion in the second quarter. The revenue was up 83% year…
(Walt Disney) Walt Disney’s revenue in the third quarter was $17.022 billion, up 45% from the comparable quarter of 2020. The sales were boosted by the economic reopening that saw…
(NAR) The median sales prices of existing homes in the US jumped by a record 22.9% in the second quarter, from a year ago, to hit a price of $357,900.…
(BLS) US producer prices rose by 1.0% in July, more than expected 0.6%, pointing to further input cost increases and inflation. Services accounted for nearly three-quarters of the July advance…