(Bloomberg) Republican Senator Cynthia Lummis seeks to introduce a comprehensive bill to the US House next year on cryptocurrencies. The proposed law aims to cover cryptocurrencies issues, including clarification on…
(Crocs) Shares of Crocs Inc. fell more than 15% on Thursday after the company announced it would acquire privately-owned casual footwear brand, HEYDUDE for $2.5 billion. The transaction will be…
(Census Bureau) The US posted a 12.4% jump in sales of new single-family houses in November, which climbed to an annual rate of 744,000. The sales were lower than the…
(Department of Labor) US jobless claims were 205,000 for the week that ended December 18, the same as the previous week and the expected level. The jobless claims on a…
(Bloomberg) Ten large American LNG cargoes and twenty more tankers are heading to Europe to satisfy natural gas demand whose scarcity has led to soaring prices. Looming winter shortage has…
(Xinhua) China has placed the central city of Xi’an, which hosts about 13 million people, under lockdown to tame the rising cases of the coronavirus. The move to impose restrictions…
(FT) Shares of JD.com fell more than 7% on Thursday after Tencent said it was divesting $16 billion worth of shares in the e-commerce giant. Tencent’s move reflects moves to…
(Novavax) Shares of Novavax Inc. rose more than 5% in premarket on Thursday after preliminary findings showed that its Covid-19 vaccine produced strong immune responses against the Omicron. Novavax says…
(EIA) Crude oil inventories in the US for the week that ended December 17 was 423.6 million barrels, down by 4.7 million barrels from the previous week. The crude imports…
(The Conference Board) The US Consumer Confidence Index hit 115.8 in December, an improvement from 111.9 in November. Consumer’s assessment of the current situation in the labor market and business…
(Xinhua) China’s state-run Xinhua News Agency is preparing its first collection of nonfungible tokens comprising 10,000 copies of eleven photos captured by its journalists this year. The embrace of NFT…
(Bloomberg) Moody’s Investors Service has upgraded Apple to an AAA rating, citing robust liquidity and earnings prospects. Moody analyst Raj Joshi says the iPhone giant’s pursuit of a net cash…