Grab Soars as MSCI Announces Inclusion of Stock, 20 Others to the Global Index
(MSCI) Grab Holdings Ltd rose more than 8% on Thursday to extend gains from the previous day as MSCI Inc. announced that the stock was among 21 added to the…
Meta Starts Supporting Split Payments on Messenger, to Allow Disappearing Messages
(Meta) Facebook’s parent Meta will support split payments on Messenger for US users using an Android or iOS phone. To enjoy the split payments, users will be required to tap…
EIA Reports a 4.8M Barrels Decline in Crude Oil Inventories
(EIA) US stockpiles of commercial crude fell by 4.8 million barrels in the week that ended February 4, to 410.4 million barrels. Inventories of motor gasoline fell by 1.6 million…
Instagram Users to Turn Their Posts Into NFTs on Everlens Platform
(The Block) Everlens has announced the launch of an NFT marketplace for Instagram, allowing creatives to monetize their posts. Everlens says the over 1.4 billion Instagrammers will be able to…
US House Speaker Leads Democrats Supporting Law to Ban Stock Trading in Congress
(CNBC) US Congress members will be banned from trading stocks if a planned legislation, which has earned the support of House Speaker Nancy Pelosi, passes. The House Administration Committee has…
Chipotle Soars as Fourth Quarter 2021 Revenue Rises by 22%, Issues Guidance
(Chipotle) Chipotle Mexican Grill Inc. stock rose more than 8% on Wednesday after reporting revenues of $1.960 billion in the fourth quarter of 2021, up by 22% from the prior…
Canopy Growth Cuts Loss by $714 Million in Q3 2022
(Canopy Growth) Canopy Growth posted a net loss of $115.5 million in the third quarter of 2022, down from a net loss of $829.3 million in the prior year. Net…
BofA Refutes the Idea of Bitcoin as an Inflation Asset, Terms It as a Risk Asset
(CoinDesk) Bank of America says Bitcoin cannot be an inflation hedge until it sheds off the volatilities, which are still elevated compared to Gold and major stock indices. BofA says…
Xpeng Jumps 11% As Shenzhen-Hong Kong Connect Add Raises Optimism
(CNBC) Shares of Chinese electric vehicle maker Xpeng rose up to 11.5% on Wednesday as investors grew optimistic over inclusion in the Shenzhen-Hong Kong Connect. The inclusion into Shenzhen-Hong Kong…
Russian Officials Reach a Consensus to Regulate Crypto Assets as a Form of Currency
(Russian Government) The Russian government has announced its intention to come up with draft legislation or amend existing laws that will see the country recognize digital assets as a form…
Chinese Property Stocks Soar as Beijing Eases Loan Curbs on Public Rental Homes
(Bloomberg) Bloomberg’s Intelligence gauge for Chinese property developer shares rose 3% on Wednesday after Beijing eased a year-long cap on loans for the sector to finance public rental housing. The…
Bitfinex’s Token Unus Sed Leo Jumps 59% as US Recovers $3.6 Billion in Hack
(Bitfinex) Unus Sed Leo, a cryptocurrency issued by Bitfinex Exchange after the 2016 hack, rose up to 59% after the US Department of Justice announced the recoveries of stolen $36…
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