Twitter Jumps on News CEO Dorsey is Stepping Down
(CNBC) The Twitter stock traded up more than 5% in premarket on Monday following news that the CEO Jack Dorsey was stepping down. Dorsey, who serves as the CEO of…
Sales of Once-Booming Meat Alternatives Sink 1.8% in the US in Oct.
(FT) Plant-based meat alternatives sales in the US plunged by 1.8% in the four weeks to October 3, with total declines in the year hitting 0.6%. The fall in the…
Li Auto Revenues Jump by 210% in Q3 2021 as Deliveries Reach 25,116
(Li Auto) Li Auto Inc. posted total revenues of RMB7.78 billion or US$1.21 billion in the third quarter of 2021, an increase of 209.7% from the prior year. The record…
Omicron Variant to Spread Faster, WHO Warns as Countries Issue Restrictions
(WHO) The World Health Organization has warned that the new Omicron Covid-19 variant could spread faster globally, with severe impacts. The global health body says high mutations of the Omicron…
Nissan Lays an Ambitious $18bn Plan to Boost EV and Future Mobility Solutions
(Nissan) Nissan Motor Co., Ltd. will invest 2 trillion yen or $17.7 billion over the next five years to boost its ambitions of becoming a sustainable company through electrified vehicles.…
El Salvador Snaps up 100 More BTC at a Discount Price
(Twitter) El Salvador President Nayib Bukele added 100 more Bitcoins to the country’s balance sheet following a plunge to around $54,000 on Friday. Bukele said the country bought the tokens…
Japan’s PM Kishida Defies Criticism to Deliver $316 Billion Economic Package
(Bloomberg) Japanese prime minister Fumio Kishida delivered the 36 trillion yen or $316 billion in economic recovery package on Friday, the biggest funding in the country’s history. The economic package…
Moderna, Pfizer, and Zoom Among Gainers as New Covid-19 Variant Rout Markets
(WSJ) S&P 500 futures fell about 1.6%, while the Dow Jones Industrial Average traded 2.2% lower on Friday on fresh concerns of the spread of a new strain of coronavirus…
Merck Falls as Updated Efficacy Results of Covid-19 Pill Scores Lower
(Merck) Merck stock fell more than 3% on Friday in premarket after an updated study of its investigational oral antiviral pill, molnupiravir, against COVID-19 showed lower efficacy rates. A MOVe-OUT…
Pinduoduo Tumbles as Revenues in Q3 2021 Miss Estimates
(Pinduoduo) Pinduoduo shares fell more than 17% in premarket on Friday after the company reported a revenue of RMB21.51 billion or US$13.34 billion in the third quarter of 2021. The…
Crypto Crash Takes BTC to a 6-Week Low on Virus Fears
Bitcoin traded at below $55,000, a six-week low on Friday as massive liquidations that occurred within an hour wiped out more than $300 million in crypto value. Bitcoin traded above…
SoftBank Tumbles as China’s Regulators Advise Didi to Exit US Public Markets
(Bloomberg) Shares of SoftBank Corp. fell more than 5% in Tokyo as the Cyberspace Administration of China asked Didi Global Inc. to come up with a plan to delist from…
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