US Crude Oil Stockpiles Decline by 2.5M Barrels
(EIA) US crude oil inventories fell by 2.5 million barrels in the week that ended March 18 to 413.4 million barrels. The total motor gasoline inventories declined by 2.9 million…
Meta Files 8 New Trademarks for Virtual Products and Services in the Metaverse
(Twitter) Facebook’s parent Meta has filed eight trademark applications to be allowed to offer various digital asset products and services in the metaverse. Meta’s applications cover crypto tokens, blockchain software,…
Cresco Labs Boosts Cannabis Stocks After a $2B Acquisition of Columbia Care
(Cresco Labs) Cannabis stocks gained strengths on Wednesday after pot producer Cresco Labs said it was buying all the issued and outstanding shares of Columbia Care Inc. The deal, agreed…
Tencent Revenues Jump by 8% In Q4 2021, the Slowest Increase Since Listing
(Tencent) Tencent Holdings Limited posted revenue of RMB144.19 billion or US$22.62 billion in the fourth quarter of 2021, up 8% from the prior year. The revenue increase in the fourth…
Big Tech With €75B Market Cap a Target in Landmark Law by the EU
(FT) The European Union is expected to unveil the Digital Markets Act as soon as this week to govern core online platforms whose market value runs at least 75 billion…
GameStop Extends Gains After Ryan Cohen Adds 100,000 Shares
(Reuters) GameStop rose more than 10% in premarket, extending gains after closing up 30% on Tuesday, as billionaire Ryan Cohen snapped 100,000 shares of the gaming retailer. The latest purchase…
Crypto.com Will Be the Official Sponsor of This Year’s World Cup in Qatar
(Crypto.com) Crypto.com’s branding will feature inside and outside the stadiums hosting the 2022 FIFA World Cup in Qatar, as the crypto exchange was unveiled as the official sponsor of the…
UK Annual Inflation Rises to the Highest Since March 1992 in February
(ONS) UK consumer prices increased by 6.2% in the twelve months to February 2022, accelerating from a gain of 5.5% in January. The inflation was the highest since March 1992.…
Crypto Sentiment Improves as Markets Reclaims $2T Value, Ethereum Merge Nears
Bitcoin traded above $42,600 on Tuesday as the overall crypto sector turned green again, with the gains taking the total market cap back to the $2 trillion mark. The gains…
Goldman Says Powell’s Remarks Point to a 50 Bps Rate Hike in May and June
(Markets Insider) Goldman Sachs has predicted an increase in the US interest rate by 50 basis points in Fed’s May and June meetings, amid tough talk by the chair Jerome…
Why Morgan Stanley Thinks DeFi’s Exponential Growth Could Be Over
(CoinDesk) Problems of over-collateralization and regulation will slow down decentralized finance despite exponential growth in recent years, according to Morgan Stanley. Morgan Stanley says that over-collateralization in borrowing or lending…
Beijing Reportedly Yields to Washington’s Demand for Audit Disclosures of Its Firms
(Reuters) US-listed Chinese firms, including Alibaba, JD.com, and Baidu have been told by Beijing to prepare for more audit disclosures. The move by China's regulator has been seen as an…
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