XPeng Deliveries Jump by 270% in November
(XPeng) XPeng Inc. announced 15,613 vehicle deliveries in November 2021, up 270% from the previous year. November deliveries comprised 7,839 P7s, an increase of 187% from the prior year. The…
Fidelity Investments Courts Canada for its Spot Bitcoin ETF
(Seeking Alpha) Asset manager Fidelity Investments is reportedly launching a spot Bitcoin ETF in Canada following delays of approval of the product in the US. Fidelity is said to have…
Li Auto Deliveries Jump 190% in November to New Record Units
(Li Auto) Li Auto Inc. posted a record 13,485 deliveries of Li ONEs in November, an increase of 190.2% from the prior year. In the eleven months ending November 30,…
Houses Prices in the UK Mark a 10% Annual Gain in November
(Nationwide) The UK posted a 10.0% increase in house prices in November from the prior year, a marginal gain from 9.9% recorded in October. House prices now stand at 252,687…
JPMorgan Projects 9% S&P Rally by End-2022 Amid Omicron Concerns
(Bloomberg) JPMorgan strategists say the Omicron variant will not derail the stock rally, expecting S&P 500 to gain up to 9% by the end of 2022. The strategists foresee a…
US Consumer Confidence Falls in November on Lower Income Prospects
(The Conference Board) The US Consumer Confidence Index was at 109.5 in November, down from 11.6 posted in October. The fall in consumer confidence in November reflects consumers’ concerns over…
Coinbase Welcomes Israel’s Unbound Security in Customer Protection Move
(Coinbase) Coinbase has purchased Israeli cryptographic firm Unbound Security for an undisclosed amount. The crypto exchange says the acquisition of Unbound Security underlines its commitment to provide the most secure…
Online Sales Mark the First-Ever Drop of 1.4% on a Cyber Monday
(CNBC) About $10.7 billion worth of online transactions were posted on Monday, representing a 1.4% drop from the prior year. The drop in online sales had happened for the first…
Crypto Unicorn 2TM Attracts $50M Funding in Expansion Move in Latin America
(Bloomberg) SoftBank-backed 2TM Participacoes SA has raised $50 million as it seeks to expand its offerings in the rest of Latin American markets. 2TM financiers included US private equity 10T…
Moderna CEO Dents Stocks, Oil on Comments Omicron Variant May Outdo Vaccines
(FT) The European Stoxx 600 share index, Germany’s Dax, and the UK’s FTSE 100 plunged about 1.3% on Tuesday after Moderna CEO said existing vaccines could struggle with the Omicron…
Euro Area Annual Inflation Spikes to 4.9% in November
(Eurostat) Euro area annual inflation is estimated to have climbed to 4.9% in November, from 4.1% in the previous month. Energy is seen to contribute to the highest rise in…
China’s Factory Activity Crawls Back to Expansion in Nov. on Easing of Bottlenecks
(NBS) China’s manufacturing PMI was posted at 50.1 in November, up from 49.2 in October and the first expansion in three months. The PMI was a better than expected contraction…
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