(WSJ) Virgin Galactic’s Richard Branson plans to board a space flight on July 11, nine days ahead of Amazon’s Jeff Bezos. Branson’s planned space flight would occur subject to technical…
(Financial Times) Alibaba’s largest individual shareholders Jack Ma and Joe Tsai will use part of their combined $35 billion stake in the company to secure financing from banks. The share…
(Institute for Supply Management) US Manufacturing PMI fell by 0.6% in June from May to record a growth of 60.6%. The PMI is an expansion in activity for the 13th…
(The Street) George Soros’s hedge fund is actively trading bitcoin, about three years since he developed an interest in cryptocurrencies. Soros Fund Management started trading bitcoin after chief investment officer…
(Department of Labor) US jobless claims extended declines by 51,000 to reach a new low of 364,000 in the pandemic era. The jobless claims were lower than expected 390,000 as…
(Bloomberg) Discussions of the housing bubble burst are back after the craze for home ownership saw global property prices jump at the fastest rate since 2006. Low-cost mortgage, desire for…
(Bloomberg) ECB President Christine Lagarde expects restrictions on dividend payouts and share buybacks imposed on European banks to end in September. Lagarde’s statement signals a return to normalcy that could…
(WSJ) Online brokerage Robinhood Financial LLC has agreed to pay approximately $70 million to clean regulatory accusations over its trading practices and technology outages. Robinhood is accused of misleading customers,…
(Bloomberg) Antitrust battles between Google and Microsoft could increase following the expiry of a five-year non-aggression agreement in April. Under the previous pact, Google and Microsoft had agreed not to…
(WSJ) Private-equity giant TPG is evaluating an IPO or SPAC listing that could value the company as much as $10 billion. The process of TPG listing is still in early…
(Office for National Statistics) UK’s national output is estimated to have declined by 1.6% in the first quarter, a higher revision from the prior projection of 1.5% contraction. UK GDP…
(Coinbase blog) Coinbase CEO Brian Armstrong has revealed plans to launch a crypto app store that provides third-party apps created by outside software manufacturers. The crypto app store aims to…