AeroVironment Dims Stock After Downgrading FY22 Guidance
(AeroVironment) Shares of AeroVironment Inc. fell more than 25% on Tuesday after the company said it expects a lower revenue of between $440 million and $460 million in the financial…
Gevo to Supply 45M Gallons of Renewable Fuels in Record Deal With Kolmar
(Gevo) Gevo Inc. has entered into a fuel supply deal with Kolmar Americas Inc., running into 45 million gallons per year. The fuel, involving renewable and energy-dense liquid hydrogens, will…
DeFi an Illusion? Bank of International Settlement Thinks So, Warns of Financial Risks
(BIS) The Bank of International Settlement believes that decentralized finance protocols or DeFi pose a risk to the stability of global financial systems. The Central Bank says DeFi appears to…
Alibaba Marks a 12% Jump as Investors Celebrate Beijing’s $188B Liquidity Boost
(Bloomberg) Alibaba Group shares rose more than 12% on Tuesday, a record rally since the Hong Kong listing, as investors piled into Chinese tech stocks on liquidity boost by the…
Tesla’s Elon Musk Doesn’t See the Need for Biden’s EV Infrastructure Spending
(WSJ) Tesla CEO Elon Musk feels the US electric vehicle industry does not need state support for the charging infrastructure. Musk, who says he would delete the proposed support for…
S&P Global Faults the Ability of China’s Liquidity Boost to Save the Property Sector
(Bloomberg) S&P Global Ratings says China’s move to cut the reserve requirements ratio adding liquidity to the economy, would not save its property developers already in a debt crisis. S&P…
Grayscale Survey Points to Growing US Crypto Uptake With Up to 26% Ownership
(Cryptopotato) A Grayscale Investments survey found that 26% of American investors own Bitcoin, with up to 55% of the HODLers investing in the last 12 months The Bitcoin ownership reflects…
GDP Growth in the Euro Area and EU in Q3 Matches Q2. Employment Rises 0.9%
(Eurostat) The gross domestic product in the euro area rose by 2.2% in the third quarter, while the EU registered a lower 2.1% expansion. The GDP had increased by similar…
More Australians Earned Through Crypto in 2021 as Adoption Increases, IRCI Survey
(Cointelegraph) About 28.8% of Australians own or have owned cryptocurrencies in 2021, an increase from 18.4% last year. The survey by the Independent Reserve’s Cryptocurrency Index survey, which involved 2,000…
Why Bitcoin Fell More Than Peers During the Weekend Crypto Rout
(Bloomberg) Fundstrat head of digital-asset research Sean Farrell opines that the huge drop of Bitcoin and its slow recovery compared to its closest rivals such as Ether is related to…
China’s Trade Surplus Falls to a Below-Estimate Level in Nov. as Imports Surge
(NBS) China registered a trade surplus of $71.72 billion in November, lower than the forecasted $82.75 billion and below $84.54 billion posted in October. China’s slowdowns in trade surplus reflected…
Uber Jumps on Talks With Careem to Bring Outside Investors Into the Company
(Reuters) Shares of ride-sharing giant Uber Technologies rose more than 2.62% in premarket on Tuesday on talks with the Middle East unit Careem to bring onboard outside investors. The investment…
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