Comeback for Saudi’s Oil Exports after a 75% Jump in March
Saudi Arabia saw a 75% year over year surge in oil exports, reaching a value of nearly $14 billion in March, according to Oilprice.com. Crude now accounts for about 70%…
Is Ether Ready to Surpass Bitcoin as World’s Largest Crypto Asset? Analysts Answer
Ethereum enthusiasts and strategists expect it to eclipse bitcoin as the world’s largest digital token by market value, Bloomberg reports. Ether is expected to benefit from greater innovation and more…
Deutsche Bank under Fed Radar Over Anti-Money Laundering Controls
Deutsche Bank faces fines after U.S Fed warned it of weaknesses of anti-money laundering controls, according to the Wall Street Journal. Fed told Deutsche Bank that it is backsliding despite…
Boost to Federal Marijuana Legalization as Bill Reintroduced to Congress
A bill seeking to legalize marijuana and build social equity has been brought to the U.S House, according to Marijuana Moment. Sponsored by Judiciary Committee Chair Jerrold Nadler, the legislation…
Palantir to Deepen Work with Military in New $111 Million Contract Award
Palantir Technologies has been awarded a $111 million contract to provide a command platform for U.S special operations, according to the company’s press release. The one year contract includes an…
AMC Runs Hot as Retail Frenzy Squeezes Short Bets $1.3 Billion
Investors placing bets against AMC Entertainment Holdings Inc have lost as much as $1.3 billion this week, according to Bloomberg. The stock is up 120% this week and has been…
Personal Incomes Plunged 13.1% in April as Americans Spend More
U.S personal incomes fell by 13.1% in April to hit $3.21 trillion, according to the Bureau of Economic Analysis press release. The decline followed a rise in personal outlays which…
Lira Extends Weaknesses to Record Lows as Inflation Pressure Mounts
The Turkish Lira sank about 1.1% to trade at 8.5981 per dollar on rising concerns of loose monetary policy, according to Bloomberg. Investors grew worried of inflationary pressures on loose…
WisdomTree Becomes the Second to File an Ethereum ETF with the SEC
The Securities and Exchange Commission has revealed an Ethereum exchange traded fund filed by WisdomTree. The approval of WisdomTree’s Ethereum ETF would allow retail traders in the U.S to buy…
Bank of Japan’s Governor Joins other Central Banks Doubting Crypto Assets
Japan’s central bank is casting doubts on bitcoin after recent volatilities, according to Bloomberg. Governor Haruhiko Kuroda says bitcoin can barely be used as a means of payment due to…
China’s Sinopharm Vaccines Effective Against Covid-19- Study
Two inactivated vaccines from China’s Sinopharm successfully suppressed Covid-19, according to Bloomberg. The findings, published by a U.S medical journal, found the shots to be 72.8% and 78.1% effective against…
Economic Sentiment and Employment Expectations Rise in EU and Euro Area
The Economic Sentiment Indicator rose 4.0 points in both the EU and euro area in May, according to the European Commission press release. Employment Expectations Indicator gained 2.4 points in…
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