Astra Space Stock Boosted by a Successful Commercial Orbital Launch
(Seeking Alpha) Shares of Astra Space rose more than 35% on Monday, boosted by the first commercial orbital launch at the Kodiak Spaceport on Friday last week. Astra’s payload hit…
China Mining Booms Outside China After Beijing Crackdown
(FT) More than 2 million machines have been moved out of China by fourteen of the largest crypto mining companies, fueling activities across the US, Kazakhstan, Russia, and Canada. Following…
NIU’s Q3 2021 Revenues Jump 37.1% on Robust e-Scooter Sales
(Niu) Niu Technologies posted revenue of RMB 1.23 billion in the third quarter of 2021, a jump of 37.1% from the prior year. Niu’s sales were boosted by e-scooter, whose…
KKR Launches a Premium €33bn Friendly Bid to Take Telecom Italia Private
(FT) KKR has initiated a more than 33 billion euros buyout premium deal to take Telecom Italia private. The deal, at 0.505 euros a share, represents about a 45% premium…
Evergrande’s EV Unit Recovers From Initial Fall After $347 Million Share Placement
(Reuters) New Energy Vehicle Group Ltd., Evergrande’s electric vehicle unit, fell up to 3.1% before recovering on Monday in Hong Kong after news it was planning a share placement to…
Bitstamp Set to List Cardano’s $ADA Starting November 23
(Bitstamp) Europe’s largest crypto exchange is prepared to welcome $ADA on the platform beginning November 23. Bitstamp says that on November 23, it will open deposits and withdrawals on $ADA…
Moderna’s Covid-19 Booster Dose Gets FDA Approval for All Adults
(Moderna) US Food and Drug Administration has extended the emergency use authorization of Moderna’s booster vaccine shot against Covid-19. The booster dose will be used on all individuals 18 years…
House to Pass $1.75T Package as Minority’s McCarthy Protest in Lengthy Speech
(FT) President Joe Biden’s $1.75 trillion ‘Build Back Better’ bill is set to be passed by the House on Friday, ending months of infighting. The bill was expected to be…
Wedbush Analyst Ives Upgrades Tesla on $2.5T EV Prospects
(electrek) Wedbush analyst Dan Ives has raised the Tesla price target from $1,100 per share to $1,400 per share, with a bull cause of $1,800, citing the growing electric vehicle…
Binance CEO Hints at Rivaling Coinbase in US Public Markets as Unit Raises Funds
(Reuters) Binance CEO Changpeng Zhao says its US affiliate firm can go public following Coinbase’s route as he remains hopeful the unit may raise a “couple hundred million” dollars in…
Apple’s Prospects of an Autonomous Car Lifts Stock to a Record Price
(Bloomberg) Apple stock reached a record after rising by 3% on Thursday following news that the company was accelerating its fully autonomous electric car project. Apple is planning to launch…
Crypto Enthusiasts Undeterred by Industry Rout as They Look to Buy the Dip
Traders are not bothered by the massive correction on cryptocurrencies, with a price drop of Bitcoin below $57,000 on November 19 seen as an attractive buy opportunity for hodlers. Other…
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