China’s Producer Prices Cools to a 10.3% Increase in December
(NBS) China’s producer prices rose at an annual rate of 10.3% in December, slower than 12.9% the previous month and below the expected 11.1% increase. The slow increase in producer…
Rich Economies Are at Their Worst Inflation in 25 Years as Concerns Mount
(FT) Central banks of the world’s richest economies comprising the OECD group face pressure to raise rates as consumer prices of 5.8% in November rank the highest since May 1996.…
Binance Eyes Operations in CIS, Russia, and Ukraine With New Compliance Team
(Binance) Binance has tapped the former Bank of Russia director of report processing department Olga Goncharova, among other hires, as it targets operations in the region. Co-founder of crypto platform…
Aptiv Invests $4.3 Billion to Snap Wind River From TPG Capital
(Aptiv) Aptiv Plc has agreed to buy private equity firm Wind River from TPG Capital in a cash transaction of $4.3 billion. The acquisition is expected to allow Aptiv to…
Polysilicon Prices to Hit Record Lows in 2023 as China Ramps up Production
(Bloomberg) Daiwa Capital Markets analyst Dennis Ip projects record low polysilicon prices in 2023, amid several projects coming up in China to address shortage. IP’s comments come when China is…
Stocks Emerge From a 5-Day Sell-off as “Buy-the-Dip” Calls Linger
Nasdaq 100 rose 0.1% in late trading in New York on Monday, emerging from the ruins of a five-day selloff that gripped the markets after the Federal Reserve said it…
Tesla’s Sales of China-Made Vehicles Jump to 70,847 in December
(Reuters) Electric vehicle maker Tesla Inc. sold 70,847 China-made vehicles in December, an increase from 52,859 the previous month. In December, only 245 China-made vehicles were designated for export, a…
US Congressional Candidates Turn to NFT Sales to Fund Mid-Term Elections
(Bloomberg) US candidates seeking various congressional positions are selling non-fungible tokens to get funds for midterm election campaigns. Democrat candidate for the California House seat Shrina Kurani and Arizona’s Republican…
Tencent in Talks to Buy Xiaomi Backed Black Shark as It Enters Metaverse
Tencent Holdings has reportedly opened talks to buy Chinese gaming phones and accessories maker Black Shark as it makes inroads into the metaverse, according to Bloomberg. The deal aims to…
Wholesale Inventories Cool to a 1.4% Increase in November
Source: Census Bureau US merchant wholesalers held $771.1 billion worth of inventories at the end of November, an increase of 1.4% from October. The increase was lower than the 2.5%…
Tilray Enters Into a $6M Profit in Q2 2022, Expects to Hit Synergies Ahead of Schedule
(Tilray) Cannabis company Tilray Inc. announced a net income of $6 million in the second quarter of 2022, an increase from a net loss of $89 million in the prior…
TSMC Reports a Record $5.6 Billion Revenues in December
(TSMC) Total revenues of chipmaker TSMC hit NT$155.38 billion in December 2021, equivalent to a record $5.6 billion. The record revenue in December was an increase of 4.8% from the…
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