Crypto.com Token Surges After Listing on Coinbase
(Coinbase) Ethereum-based Crypto.com currency CRO surged more than 20% to trade at an all-time high above $0.34 following news it had been listed on Coinbase. Crypto.com, which is one of…
Pfizer Announces Breakthrough in Investigational Covid-19 Oral Drug PAXLOVID
(Pfizer) Pfizer Inc. has announced that its novel Covid-19 antiviral drug candidate PAXLOVID reduces the risk of death or hospitalization by 89%. In an interim study, Pfizer found that no…
PBOC’s $16B Liquidity Boost Sends 10-Year Bond Yields Lower
(Bloomberg) China’s 10-year sovereign bond fell by two basis points to 2.90% following a move by the central bank to inject 100 billion yuan or $16 billion into the market. …
Eurozone Construction Activity Rises the Sharpest in the Pandemic-Era
(Eurostat) Eurozone Construction Total Activity Index was at 51.2 in October, an improvement from 50.0 in September and the sharpest since February 2020. The increase in construction activity was linked…
Peloton Plunges as Guidance Disappoints Expectations in Post-Pandemic Economy
(Peloton) Shares of Peloton Interactive Inc. fell more than 30% in premarket on Friday as the company cut its revenue projection by about $1 billion in 2022. Peloton projects sales…
UK Annual Price Inflation Jumps by 8.1% in October to a Record High
(Halifax) UK posted an average house price of 270,027 pounds in October, an annual increase of 8.1% compared to 7.4% in September. The prices are now up for the fourth…
Qualcomm FY21 Revenues Jumps 43% but Q4 Net Income Fall
(Qualcomm) Qualcomm Inc. reported revenues of $33.5 billion in the fiscal year 2021, up 43% from the prior year. Fourth quarter revenues were reported at $9.34 billion, up 12% from…
Jobless Claims Hit New Pandemic Lows After a Decline by 14,000
(Department of Labor) Jobless claims fell by 14,000 in the week that ended October 30 to a new-pandemic low of 269,000. The jobless claims are now closer to the March…
Planet Fitness Climbs Amid Strong Q3 Earnings
(Planet Fitness) American fitness center franchise and operator Planet Fitness’s shares climbed after reporting positive earnings in the third quarter. Net income attributable to the firm climbed to $17.4 million…
Volkswagen Faces Unrest in Move to Cut Staff to Compete With Tesla
(FT) Volkswagen CEO Herbert Diess is facing resistance from the group’s powerful works council protesting against a move to reduce staff at the German plants. Diess has been seeking to…
SEC to Approve Converting Grayscale’s Bitcoin Fund Into ETF in December
(SEC Filing) US Securities and Exchange Commission has revealed that it has started a hearing to convert the Grayscale Bitcoin Fund into an exchange-traded fund. The SEC has 45 days…
Merck’s Becomes the First to Earn Approval for Covid-19 Pill From the UK
(Reuters) Molnupiravir, a Covid-19 antiviral pill developed by Merck and Ridgeback Biotherapeutics, has been approved by Britain’s regulator, becoming the first in the world. Britain's Medicines and Healthcare products Regulatory…
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