Kohl’s Stock Jumps 16% on Reports on a Takeover Bid by Hudson’s Bay
(Axios) Shares of Kohl’s rose more than 16% on Wednesday after reports emerged that the company was a target of a buyout by departmental store Hudson’s Bay. The reports of…
EIA Reports a 4.3M Barrels Rise in US Crude Oil Inventories
(EIA) US stockpiles of crude oil rose by 4.3 million barrels to 415.9 million barrels in the week that ended March 11. Total motor gasoline inventories fell by 3.6 million…
Builder Confidence Slips in March as Material Constraints Bite
(NAHB) The US builder confidence for newly constructed single-family homes dropped two points to 79 in March, marking the fourth straight month of decline. The decline happens amid an ongoing…
US Retail Sales Cool to a Marginal 0.3% Increase in February
(Census Bureau) US retail purchases rose by a modest 0.3% to $658.1 billion in February, compared to a higher 4.9% gain the previous month. The increase in retail sales was…
IEA Says Russia’s Crude Output Could Fall by 25% Next Month
(IEA) The International Energy Agency is predicting shocks in global oil markets, warning that growing sanctions against Russia could see its output fall by a quarter next month. The indicated…
HSBC Enters the Metaverse in Partnership With The Sandbox
(The Sandbox) Banking giant HSBC has partnered with The Sandbox to make forays into the booming metaverse space. The partnership saw HSBC acquire a plot of land and virtual real…
Chinese Stocks Jump by Double Digits as State Promises Support
(Xinhua) Shares Alibaba rose by 27%, while the Hang Seng Index added 13% on Wednesday as China said it will support its financial markets and introduce policies that benefit the…
Meta CEO Mark Zuckerberg Confirms That Instagram Will Add NFTS Soon
(Cointelegraph) Video and photo-sharing platform Instagram is preparing to add non-fungible tokens, according to a new revelation by Mark Zuckerberg. Zuckerberg did not provide the timeline for the NFT launch…
Saudi Arabia Reportedly Holding Talks With Beijing to Sell Its Oil in Yuan
(WSJ) Saudi Arabia is reported to consider selling some of its oil to China in yuan, with talks between the two countries underway. If the deal materializes, it is expected…
American Express the Latest Entrant Into the Metaverse With Trademark Filings
(Twitter) American Express has filed 7 new trademark applications as it makes its way into the world of virtual reality or metaverse. American Express will register the company’s name, slogans,…
Hashdex Seeks to Debut Web3 and Smart Contracts ETF in Brazil
(Cointelegraph) Global crypto-focused asset manager Hashdex will launch Web3 Exchange Traded Fund on Brazilian main stock exchange, B3. The ETF aims to give investors diversification through Web3 and the underlying…
AMC Announces a 22% Stake in Hycroft in a Push to Gold and Silver Exposure
(AMC) AMC Entertainment Holdings inc. is buying a 22% stake in Hycroft Mining Holding Corp. as it seeks to “lengthen its financial runway.” The investment by the world’s leading movie-theater…
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