Jobless Claims Fall but Remain Above 400,000 for a Consecutive Week
(Department of Labor) US jobless claims plunged by 7,000 for the week that ended June 19 to hit 411,000. Previous week’s jobless claims were revised by up 6,000 to 418,000.…
Manufacturing Index in June Rose the Fastest Since 2007 as Economy Reopens
(IHS Markit) U.S. June Manufacturing Index Increased the fastest since 2007 from 62.1 to 62.6 as restrictions were lifted. The increased index was also due to a recovering domestic economy.…
LIZHI Wants to Enrich Tencent’s User Experience? Podcast Launches on WeScenario
(LIZHI) LIZHI Inc. 's vertical podcast platform has launched on Tencent’s in-car platform WeScenario to enrich user’s digital experience. The launch allows LIZHI to bring a collection of curated and…
New Home Sales Slip by 5.9% amid Record Prices
(Census Bureau) New single-family house sales in the US fell by 5.9% to hit 769,000 in May, trailing April’s rate of 817,000. House sales in May were still 9.2% higher…
Nikola to Invest $50 Million in Clean Hydrogen Project through Wabash Valley
(Nikola) Nikola Corporation will invest $50 million in cash and stock in Wabash Valley Resources for a clean hydrogen project. Nikola will have a 20% equity stake in the project,…
Embark Set to Join Listed Self-Driving Trucks through a $5.2 Billion SPAC Deal
(WSJ) Self-driving truck startup Embark Trucks Inc. will become public by merging with a blank cheque company. Deal could be valued at $5.2 billion. Embark will merge with Special Purpose…
Manufacturing in the UK Eases to a 2-Month Low. Employment on a Record High
(IHS Markit) UK Composite Output Index eased to an expansion of 61.7 in June, down from a record 62.9 in May. Service Business Activity index also eased to a 2-month…
Aluminum Outshines Copper as the Second Well-Performing Metal
(Bloomberg) Aluminum year-to-date performance outshined copper, with a 21% gain compared to copper’s 18%. Both aluminum and copper have been struck by attempts by China to suppress price inflation in…
3D Systems Partner with CollPlant for Bioprinted Treatments of Breast Cancer
(3D Systems) 3D Systems has partnered with CollPlant Biotechnologies to develop a 3D bioprinted regenerative soft tissue matrix to be used in breast reconstruction procedures. The soft tissue matrix will…
Blockchain Capital’s $300-Million Venture Fund Scores Visa, PayPal as Backers
(Coindesk) Financial services firms PayPal Holdings Inc. and Visa Inc. have joined Blockchain Capital's $300-million venture fund as limited partners. As limited partners, both firms will have an outside manager…
GlobalFoundries to Grow Its Manufacturing Capacity With Over $4 Billion New Fab
(GlobalFoundries) GF is partnering with Singapore Economic Development Board, committing more than $4 billion investment to meet the expanding demand for manufacturing technologies and services to help firms globally to…
North America’s Semiconductor Equipment Dealers Post A $3.59B Billing In May
(SEMI) North America headquartered Semiconductor equipment manufacturers posted a three-month average of $3.59 billion billings globally in May. The figure is 4.7% more than April’s $3.43 billion this year, and…
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