US Crude Oil Inventories Plunge by 4.7 Million Barrels, Imports Edge Lower
(EIA) Crude oil inventories in the US for the week that ended December 17 was 423.6 million barrels, down by 4.7 million barrels from the previous week. The crude imports…
US Consumer Confidence Improves in December as Inflation Concerns Trend Lower
(The Conference Board) The US Consumer Confidence Index hit 115.8 in December, an improvement from 111.9 in November. Consumer’s assessment of the current situation in the labor market and business…
Xinhua Eyes NFTs in a Bizarre Twist After Warnings by Beijing
(Xinhua) China’s state-run Xinhua News Agency is preparing its first collection of nonfungible tokens comprising 10,000 copies of eleven photos captured by its journalists this year. The embrace of NFT…
Apple Joins an Exclusive Club of “Aaa” Credit Score After Upgrade at Moody
(Bloomberg) Moody’s Investors Service has upgraded Apple to an AAA rating, citing robust liquidity and earnings prospects. Moody analyst Raj Joshi says the iPhone giant’s pursuit of a net cash…
Ford Promises a Vehicle-to-Vehicle Recharging in Reimagined EV Technology
(Forbes) Ford is taking all-electric vehicle technology a notch higher, with an innovative vehicle-to-vehicle recharging system expected on the F-150 Lightning pickup that will debut next year. Ford expects its…
Elon Musk Questions the Future of Metaverse, Dismisses the Term as “Buzzword”
(Interview) Tesla CEO Elon Musk does not see the potential for a metaverse and Web 3.0 ecosystem and has instead preferred to call them “buzzwords” used for marketing. Musk says…
Maersk Eyes Land-Based Services With a $3.6b Deal for LF Logistics
(Reuters) Maersk is seeking to diversify beyond its core ocean freight operations after agreeing to acquire Hong Kong’s LF logistics in an all-cash deal valued at $3.6 billion. Maersk says…
UK Economy Slows to a 1.1% Growth in Q3 2021 as Trade Deficit Widens Further
(ONS) The United Kingdom posted a 1.1% expansion in the national output in the third quarter, slower than the 5.4% growth recorded in the previous quarter. The weaker growth in…
Cassava Sciences Soars After Neuroscience Journal Questions Manipulated Data Claims
(RetractionWatch) Shares of Cassava Sciences Inc. rose more than 28% on Tuesday after the Journal of Neuroscience said it finds no evidence of manipulation of data for its experimental drug…
Nikola Corp. Yields to SEC Pressure, Agrees to Pay $125 Million Civil Fine
(MarketWatch) Nikola Corp. will settle a $125 million fine charged on the company for allegedly misleading investors regarding its offerings and prospects. The civil charges by the US Securities and…
Society Pass Extend Gains as Investor Radiance Continues on Russell 2000 Index Add
(MarketWatch) Shares of Society Pass Inc. rose more than 15% on Tuesday, after closing up 240.18% on Monday following announced inclusion into the Russell 2000 index. Investors' interest in the…
Lira Jumps to Below 12 per Dollar as Erdogan Outlines Measures to Salvage Currency
(Bloomberg) The Turkish lira reversed weeks of losses to trade up 15% at 11.3165 against the dollar as of 9:15 a.m. on Tuesday on announced measures to support the weakening…
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