Roblox Revenue More Than Doubles in Q3 2021
(Roblox) Revenues of Roblox Corporation rose 102% to $509.3 million in the third quarter of 2021 from the prior year, with growth recorded across all core metrics. Net loss attributable…
Regeneron’s Antibody Cocktail 81.6% Effective in Reducing Contracting Covid-19
(Regeneron) Regeneron Pharmaceuticals Inc. has announced that a single dose of its antibody cocktail, REGEN-COV, minimized the risk of contracting Covid-19 by 81.6%. The efficacy results came from a late-stage…
Airbnb Gross Bookings Rise 48.8% to Help its Third Quarter Revenue Beat Forecasts
(Airbnb) Bookings on Airbnb rose by 48.8% to $11.9 billion to help the company post a revenue of $2.24 billion in the third quarter, a 66.7% jump from prior year.…
Kazakhstan’s Parliament Passes a Crypto-Regulation Law for Service Providers
(Vlast) Crypto businesses in Kazakhstan could soon be required to adhere to Anti-Money Laundering regulations following approval in the country’s upper house. The new regulation will create a legal institution…
A Crypto Whale Amasses $1.13B Worth of Shiba Inu as Fans Boost Robinhood Listing
(Etherscan) A crypto block on Etherscan made a single transaction of about 20 trillion Shiba Inu coins valued at least $1.13 billion. The purchase of Shiba Inu tokens originated at…
EV Infrastructure Gets a Boost After Congress Passes $1 Trillion Infrastructure Bill
(WSJ) The US is set to accelerate its network of electric vehicle charging stations after a $1 trillion infrastructure package was passed by Congress on Friday. The package directs $5…
Twitter Community Wants Elon Musk to Sell 10% of Stake in Tesla
(Twitter) 58% of 3.5 million Twitter users support Elon’s Musk’s idea of selling a 10% stake in Tesla valued at $21 billion. In a poll conducted over the weekend by…
JPMorgan Ranks Ethereum Ahead of Bitcoin in Expected Rate-Hike Environment
(Markets Insider) JPMorgan strategists have urged investors to prioritize Ethereum over Bitcoin holdings in the wake of looming interest hikes by global central banks. JPMorgan says a hike in interest…
Alphabet to Take CME Group’s Trading Systems to the Cloud after $1B Investment
(Reuters) Alphabet Inc. has struck a 10-year deal to invest $1 billion in CME Group and take its trading systems to the cloud. CME group is expected to start shifting…
Uber’s EBITDA Gets into The Positive Territory as Revenues Jump 72% in Q3 2021
(Uber) Uber Technologies Inc. reported an adjusted EBITDA of $8 million in the third quarter of 2021, up $517 million from the second quarter and $633 from prior year. The…
Word NFP - Non Farm Payrolls - acronym concept on cubes and diagrams on a gray background. Business as usual concept image.
Nonfarm Payrolls Rise by 531,000 in October as Unemployment Edges Lower
(BLS) US nonfarm payroll employment increased by 531,000 in October, while the unemployment rate shed 0.2% to 4.6% in the latest sign of labor market recovery. The number of unemployed…
Japan’s Stocks Best-Performers as GPIF Hits a Record 194.1T Yen in Assets
(Bloomberg) Japan’s Government Pension Investment Fund has returned 1.8 trillion yen or $17 billion in the sixth straight quarter of gains, taking its total assets to a record $194.1 trillion…
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