E-commerce giant Amazon Inc. saw its second quarter sales rise to $113.1 billion, lower than the estimated $115.4 billion. The sales were still 27% higher than the $88.9 billion reported…
(Bloomberg) German will, from Monday, start allowing institutional funds to allocate as much as 20% of their holdings in cryptocurrencies. The so-called Spezialfonds will be allowed to hold the crypto…
(Lending Club) Lending Club grew its revenue by 93% from $105 million in the first quarter to $204 million in the second quarter of 2021. The financial institution’s marketplace revenue…
(Department of Labor) US jobless claims hit 400,000 after declining by 24,000 in the week that ended July 24. Previous week’s jobless claims were revised up by 5,000 to 424,000.…
(CNBC) China’s securities regulator has told brokerages it will still allow domestic companies to list in the US as long as they satisfy certain requirements. The move by the securities…
(Bloomberg) Chinese ride-sharing giant Didi Global rose as much as 35% following reports it is contemplating going private. The ride giant has since denied the news. Prior report from WSJ…
(WSJ) Robinhood Markets Inc. is expected to start trading on the Nasdaq exchange on Thursday after pricing its IPO at the bottom of range at $38 per share. Robinhood had…
(Bloomberg) China Securities Regulatory Commission arranged a hasty virtual meeting with banking executives to ease fears of market crackdown from Beijing. Fears gripped Chinese business sector, sending major stock indexes…
(Bloomberg) The trading volumes of Ether on Coinbase in the first half of this year grew at 1,461% compared to Bitcoin’s 489% from the same period last year. Ether’s trading…
(Tilray) Cannabis company Tilray reported a 25% increase in revenues to $142.2 million in the fourth quarter, up from $113.5 million in the previous quarter. The surge in Tilray’s net…
(Reuters) Pfizer has raised its forecasts of sales of joint vaccines with BioNTech by 28.8% to $35.5 billion. The upgraded Covid-19 vaccine sales reflects signed deals of 2.1 billion doses…
(Microsoft Inc.) Microsoft Inc. reported $ 46.2 billion revenue in the fourth quarter, up 21% from $38 billion in the same quarter last year. Microsoft’s fourth quarter revenues were mainly…