(Bloomberg) Myanmar’s military government has earmarked the launch of a digital currency to boost local payments and the ailing economy. The military government says it is assessing how to proceed…
(Amazon Inc.) Amazon’s stock rose about 12% on Friday, with investors excited about its cloud revenue which hit $17.8 billion in the fourth quarter, more than estimates of $17.37 billion.…
(Snap Inc.) Shares of Snap Inc. rose as much as 62% in premarket on Friday as the company reported a net income of $23 million in the fourth quarter of…
(IHS Markit) The rate of growth of output in the US service sector in January was the weakest in 18-months, with the PMI index at 51.2, down from 57.6 the…
Source: Census Bureau The US posted $530.7 billion worth of new orders for manufactured goods in December, down 0.4% or $2.4 billion from the previous month. SPY is down -1.19%,…
(WSJ) Retail investors’ social media service Stocktwits will introduce a live trading option for its users, with cryptocurrencies the first assets to be added. The platform will onboard crypto exchange…
(Department of Labor) US jobless claims totaled 238,000 in the week that ended January 29, down by 23,000 from the previous week. The claims were below estimates of 245,000. The…
(GameStop) GameStop Corp. is working with Immutable X for a non-fungible tokens marketplace this year. The partnership allows the two parties to create a $100 million fund, which will be…
(Novavax) Britain’s Medicines and Healthcare products Regulatory Agency has approved Novavax Inc.’s protein-based vaccine NVX-CoV2373. The vaccine would be the first protein-based for active inoculation against Covid-19 caused by SARS-CoV-2…
(BoE) The Bank of England has further accelerated its policy tightening by voting to increase the bank rate by 0.25 percentage points to a higher 0.5%. The central bank’s Monetary…
(Eurostat) Euro area and EU registered a 2.9% gain in industrial producer prices in December, surpassing an increase of 1.8% and 2.8%, respectively, in November. In the euro area, industrial…
(IHS Markit) The Eurozone posted a Composite Output Index of 52.3, down from the December final reading of 53.3. The slowdowns in economic activity reflected the outbreak of the Omicron…