(WSJ) Credit Suisse has ended a long-term lending relationship with SoftBank Group and its CEO Masayoshi Son. The decision for the two institutions to slash lending relationships is due to…
(Plug Power) Plug Power revenues for the first quarter of 2021 grew by 76% from the comparable quarter of last year to hit $72.0 million. Plug Power’s gross billings rose…
(Bloomberg) Tesla Inc. has unveiled a 5,000 kilometer or 3,100-mile supercharging route in China, with 27 electric-car charging stations along the stretch. Tesla unveiled the supercharging route, which it claims…
Japan’s Nikkei 225 led its Asia-Pacific stocks in Tuesday's jump after surging by 3.12% at 28,884.13. The jump followed a tumble of more than 3% on Monday. Japan’s Topix index…
(Bloomberg) Fed’s Chair Jerome Powell expects the central bank to achieve the 2% inflation target once supply constraints subside. Powell acknowledges the uptick in inflation in recent months, a factor…
Bitcoin traded at $33,000 level after surging about 4.50% on Tuesday, a day after the digital token experienced sell-offs, plunging at least 10%. Bitcoin’s Monday sell offs were fueled by…
(Bloomberg) Stock transactions spiked on Friday to defy Fed’s hawkish tone and uncertainty of expiration of options and futures in “triple witching” quarterly event. Transaction volumes on S&P 500 was…
(Reuters) The EU has lifted a ban targeting eight banks in syndicated debt sales amounting to 800 billion euro or $950.7 billion. Nomura, Credit Agricole, UniCredit, Citigroup, JPMorgan, Bank of…
(CNBC) Miami is courting Bitcoin miners to transfer from China by offering lower electricity costs sourced from nuclear energy. Mayor Francis Suarez said Miami will compete to host Bitcoin miners…
(Office for National Statistics) Retail sales in the UK declined by 1.4% between April and May as easing of coronavirus restrictions encouraged more people to dine out. Average retail sales…
(Bloomberg) A hawkish surprise from the Fed, overvaluation concerns, and expected slowdowns in growth have done little to deter S&P 500 rise. The index has defied odds to rise for…
(US Department of Labor) US jobless claims rose by 37,000 to hit 412,000 for the week that ended June 12. The claims were higher than expected 360,000 and the highest…