(Robinhood) Robinhood announced a net loss of $502 million in the second quarter, from a profit of $57.6 million in the same quarter last year. The net loss came despite…
(Fed) The Federal Reserve minutes for the July 27-28 meeting confirms that officials have the intention to pull back the pace of the $120 billion monthly purchases. The Federal Reserve…
(Cointelegraph) The Central Bank of El Salvador published draft regulations on bitcoin-related services, classifying BTC as a legal tender. The Central Bank, in the two drafts released on August 17,…
(Tencent) Chinese tech giant Tencent posted a revenue of RMB138.3 billion or $21.4 billion in the second quarter, up 20% from the comparable quarter of 2020. Tencent’s revenues were boosted…
(Medium.com) Cosmos, which dubs as, “The Internet of Blockchains,” is welcoming InterBTC to its ecosystem to bring deep BTC liquidity to users. InterBTC boosts interoperability, allowing transmission of value, as…
(Reuters) Internet giant Baidu Inc. has issued a two-tranche US dollar sustainability bond, generating $1 billion. The two-tranche bond comprised a 5.5-year and 10-year bond, which raised $300 million and…
(EIA) The US Energy Information Administration has downgraded the energy outlook in 2022 by 20,000 b/d to a lower level of 101.8 million b/d. EIA revised the world average petroleum…
(Lowe) Lowe’s Company Inc. posted net earnings of $3.0 billion or $4.25 EPS in the second quarter, up from $2.8 billion or $3.74 EPS in the comparable quarter of 2020.…
(Census Bureau) The US recorded a monthly 7% plunge in housing starts in July, with the annual rate now at 1.534 million from 1.650 million in June. Despite the plunge,…
(Eurostat) Construction sector production fell by 1.7% in the euro area and by 1.2% in the EU in June from May. Construction production had shed 0.4% in the euro area…
(Eurostat) Annual inflation in the EU rose at a faster rate of 2.5% in July 2021, the gain from 2.2% posted in June. The Euro area’s annual inflation increased by…
(PlanB) Plan B’s Bitcoin stock-to-flow pricing model shows that the cryptocurrency’s bull market is far from over. Plan B, which is the architect of the model, pointed out that the…