(Markets Insider) Ark Invest’s Cathie Wood sees Bitcoin surpassing $500,000 as institutional investors seeking to diversify from the traditional asset classes increase. Wood says institutional investors are always exploring opportunities…
(Financial Times) Property giant China Evergrande Group has been rated “restricted default” by global credit watcher Fitch, as the firm failed to make interest payments this week. Fitch is so…
(Census Bureau) Sales of wholesale inventories in the US were $620.5 billion in October, a jump of 2.2% from September. The wholesale sales were up 22.2% from the October 2020…
(Twitter) Meta has started testing transactions on its messaging service WhatsApp through the Novi wallet. Meta says it will allow the new feature for a limited number of users in…
(Cnet) Meta, the parent company of Facebook, has created an artificial intelligence technology to flag harmful and misleading content quickly. Meta says the new AI system, Few-Shot Learner, requires a…
(WSJ) A US appeals court has ruled that Apple can delay changes ordered by a federal judge on its App Store as part of an antitrust case with Epic Games…
(GameStop) Shares of GameStop plunged more than 4% on Thursday after the company reported a net loss of $105.4 million in the third quarter of 2021, worse than the $18.8…
(NBS) China posted a 2.3% year-over-year increase in consumer prices in November, a lower-than-expected jump of 2.5%, but above October’s gain of 1.5%. Factory-gate inflation eased in November, with the…
(Cointelegraph) Chief executive officers drawn from several crypto platforms in the US want the Congress to offer regulatory clarity in the industry rather than use knee-jerk reactions. In a Congressional…
(CNBC) Shares of Roku rose more than 13% on Wednesday on news that it had agreed on a multi-year deal with Google for its streaming service. The agreement allows Roku’s…
(IBT) China Securities Regulatory Commission has disowned reports saying it seeks to block variable interest entities from foreign funding and listing. The Chinese oversight authority says companies using the VIEs…
(NASDAQ) EPAM Systems Inc. is set to join the S&P 500 index on Tuesday, December 14, to fill a void left by departing Kansas City Southern. The exit of KSU…