Elon Musk’s tweet about the viral YouTube song “Baby Shark” fueled gains in the creator's second-largest shareholder, Samsung Publishing Co., Bloomberg reports. Shares climbed about 10% to hit the highest…
The SEC informed Tesla that CEO Elon Musk’s tweets breached a court decree policy on two occasions in 2020, according to the Wall Street Journal. The decree mandated Musk’s tweets…
Saudi Aramco prepares to raise $5 billion from global capital markets to fund its $75 billion dividends, according to Bloomberg. The company has picked about 15 banks to manage sales…
Mudrick Capital has sold its entire holdings in AMC Entertainment, calling the meme stock overvalued, according to Markets Insider. The sale happened the same day Mudrick had purchased $230.5 million…
Brent crude futures jumped by about 2.7% on Tuesday to trade at $71.17 a barrel after OPEC+ agreed on gradual easing of output cuts, CNBC reports. OPEC+ agreed to boost…
U.S top court has rejected an appeal by Johnson & Johnson to pay $2.1 billion to women as ordered by a St. Louis jury, according to Bloomberg. The compensatory award…
Annual inflation in the Euro area is expected to hit 2.0% in May, up from 1.6% in April, according to the Eurostat press release. Energy is projected to post the…
Meme stock AMC Entertainment extended gains on Tuesday after raising $230.5 million from Mudrick Capital Management, according to CNBC. The money, raised through sale of 8.5 million shares, will be…
Manufacturing PMI in the Eurozone hit a record 63.1 in May, from April’s 62.9, according to the IHS Markit press release. The activity came at the back of deteriorations in…
Rising inflation worries are resulting in a loss of momentum on U.S junk bonds, according to Financial Times. Additional yields for holding the junk bonds to U.S Treasuries were almost…
Chinese banks will hold 7% of foreign currencies in reserves, according to Bloomberg. The rate is a 2% increase and is the first in ten years aiming to counter the…
Brent oil rose past the $70 a barrel level after OPEC+ said it expects tightening of the global market, reports Bloomberg. OPEC+ says surplus oil accumulated during the pandemic has…