Branson Sells More than $150 Million Stake in Virgin Galactic
Sir Richard Branson and four entities he controls have sold 5,584,000 shares of Virgin Galactic over the past three days, according to CNBC. The shares were sold at prices between…
TSMC Announces Q1 Results and Issues Guidance. Net Income and EPS Grew 19.4%
TSMC’s diluted EPS for the first quarter ended March 31, 2021 jumped 19.4% year over year to NT$5.39 or $0.96, according to the company’s press release. A net income of…
First Inverse Bitcoin ETF Set to Debut in Toronto on Thursday
The first inverse bitcoin exchange-traded fund will debut on Thursday on the Toronto Stock Exchange, according to Bloomberg Quint. The Horizons ETF is releasing a fund, under ticker BITI, which…
NFT Works by Pak Fetches $17 Million at Sotheby’s
Several digital artworks by enigmatic artist Pak sold for more than $17 million during a three-day sale that ended on Wednesday, according to The Wall Street Journal. The sale was…
China’s First Quarter Growth Predicted to Hit Record 19% Ahead of Friday Data
China’s economy likely expanded at a record pace of 19% in the first quarter, the strongest since at least 1992, according to Reuters. The growth is fueled by domestic and…
Goldman’s Profit Surpasses Expectations on Global Deals and Trading Boom
Goldman Sachs earnings per share jumped to $18.60 in the first quarter of 2021 from $3.11 a year earlier, according to the company’s press release. The EPS was higher than…
Goldman Expects Copper to Reach $15,000 by 2025 as the World Moves to Clean Energy
Goldman Sachs termed copper as ‘new oil’ whose low supply could drive the price from the current $9,000 a ton to $15,000 a ton by 2025, reports Markets Insider. Goldman…
EIB Hires Global Banks to Explore Deployment of Blockchain for Bond Sale
The European Investment Bank hired Goldman Sachs, Banco Santander SA, and Societe Generale to explore digital bonds in euros, according to Bloomberg. The digital bond would be registered and settled…
LG and Magna’s Joint Venture Closing Deal for Apple’s EV Project
LG Electronics’ joint venture with Magna International is ‘very near’ to signing contracts to build Apple’s early electric vehicle models, according to The Korea Times. Contract details are still being…
Chinese Hedge Fund Dumped Ray Dalio’s Low Volatility Strategy and Surged 258%
Shanghai hedge fund manager Li Bei put in her money, cranked up leverage, and produced an industry-leading 258% gain last year, according to Yahoo! Finance. Li realized that the low-volatility…
Nasdaq Under Spotlight as It Welcomes First Major Direct Listing Coinbase
Nasdaq Inc. is set to test its hand on a major direct listing as it welcomes Coinbase Global Inc. into the exchange on Wednesday, according to Bloomberg. The exchange has…
Oil Demand Defying Vaccination Hiccups to Maintain Recovery
The International Energy Agency says the global energy market is on its way to recovery despite challenges in vaccinations, reports the Wall Street Journal. IEA raised the global oil demand…
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