(CNBC) Tesla CEO Elon Musk testified in court today defending the company’s $2.6 billion SolarCity acquisition over dispute with shareholders. Shareholders in the case claimed the 2016 deal was a…
(CryptoCompare) Cryptocurrency exchanges have witnessed more than 40% slump in trading volumes in June digital tokens. Traders were cautious of China’s crackdown and lower volatilities. Spot trading volumes declined by…
(Federal Reserve) Amounts of consumer credit in the US rose at an annual rate of 10% in May, almost double April’s rate of 5.7%. Revolving credit jumped by 11.4%, up…
(Bloomberg) Virgin Galactic extended its bullish run, jumping as much as 10% following a successful space flight of founder Richard Branson on Sunday. Branson landed into the lower reaches of…
(Stamps.com) Software investment firm Thoma Bravo is set to acquire Stamps.com in an all-cash transaction of $6.6 billion. Stamps.com stockholders are set to receive $330 per share in the deal,…
(Bloomberg) China’s producer price index eased to an expansion of 8.8% year over year, after May’s high of 9% on commodity price control measures and stronger dollar. Consumer prices ticked…
(Bloomberg) Rates on a 30-year mortgage in the US slid to 2.9%, the lowest since February 18 and below 2.98% reached last week. The plunge in mortgage rate follows plunges…
(Department of Labor) US jobless claims advanced by 2,000 to hit 373,000, more than expected 350,000 for the week that ended July 3. The claims rise reflected waning rates of…
(Beincrypto) Germany’s financial watchdog BaFin has allowed institutional investors to allocate up to a fifth of their assets in cryptocurrencies. The move by Germany’s regulator aims to balance the risky…
(City.A.M) Volume of holdings of Cardano by eToro clients grew by 51% in the second quarter, helping the cryptocurrency to surpass Bitcoin as the most held digital token. Bitcoin’s holdings…
(Reuters) Index publisher FTSE Russell targets another 20 Chinese companies for removal from its indexes. The removal of Chinese firms by FTSE Russell follows user feedback relating to an updated…
(Bloomberg) Beijing market regulators plan to thwart foreign listings of Chinese companies by introducing rules that mandate firms to seek approval. The revised rules mandate companies operating under the Variable…