Construction Output Jumps in the Euro Area and EU in September
Source: Eurostat Production in the construction sector in the euro area rose by 0.9% in September from August, while in the EU, it increased by 1.2%. DAX is up 0.11%,…
EU an Annual Inflation of 4.4% in October, as Euro Area Settles for 4.1%
(Eurostat) Inflation in the European Union jumped to 4.4% in the 12 months to October, more than 3.6% recorded in the previous month. The prices rose to 4.1% in the…
GameStop NFT Rumors Rise as Loopring CEO Deposits $164.8M in Platform’s Layer 2
(Etherscan) Investors are speculating that GameStop NFT is on course after a transaction of 61.3 million LRC worth $164.8 million was made from the Loopring Exchange’s layer 1 to layer…
UK Inflation on a Decade High After an Annual 4.2% Jump in October
(ONS) UK Consumer Price Index jumped by a decade record 4.2% in the 12 months to October, higher than 3.1% posted in the previous month. The inflation increase was higher…
Uber CEO Boosts Stock After Purchasing 200K Shares
(SEC Filing) The shares of Uber Technologies Inc. jumped more than 5% on Tuesday after CEO Dara Khosrowshahi bought 200,000 shares at $45 apiece. The shares worth $9 million bring…
Peloton Shares Boosted by $1B Stock Sale Announcement
(Bloomberg) Peloton Interactive Inc. shares recovered from a drop of about 8% in pre-market on Tuesday after the company announced that it would sell $1 billion worth of stocks. Goldman…
US Retail Sales Climb 1.7% in October Amid Price Pressures
(Census Bureau) US retail and food services sales totaled $638.2 billion in October, up 1.7% from the previous month as price pressures raised consumer spending. The October retail sales beat…
JPMorgan Flags Elon Musk’s Tweet in Lawsuit Against Tesla Over Stock Warrants
(CNN Business) JPMorgan wants Tesla to pay $162.2 million in a lawsuit accusing CEO Elon Musk of violating a contract involving the company’s stock warrants. The warrants relate to a…
MARA Falls 27% on Investigation of Deal With Beowulf Energy
(BeinCrypto) Shares of Marathon Digital Holdings closed down more than 27% on Monday on news that the Securities and Exchange Commission was investigating its deal with Beowulf Energy. The deal,…
Meta Sued by Investors For Loss of $100B on Stock Rout Due to Misleading Information
(CNBC) Ohio Attorney General Dave Yost has filed a class action suit against Facebook after its investors said they lost $100 billion due to stock slump over falsified statements on…
UK Unemployment Rate Falls by 0.5% In the Third Quarter
(ONS) UK unemployment was 4.3% in the July to September quarter, a decline of 0.5% from the previous quarter. The unemployment is now 0.3% above the pre-pandemic levels. The employment…
Senators to Hijack Infrastructure Law With New Proposals on Crypto Reporting
(Bloomberg) A group of US Senators will introduce a bill that clarifies that individuals developing crypto wallets and blockchain technology are excluded from new reporting requirements. The Senators, led by…
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