Solana Prices Soar Following the Wormhole Launch and Degenerate Ape NFTs Sellout
(Forkast) Solana token jumped by 41% on Monday to a new record high of $64.48, bringing its price rise by over 65% in the past week. The surge in Solana…
Japan’s GDP Exceeds Estimates to Grow by 0.3% QoQ in the Second Quarter
(Cabinet Office) The gross domestic product of Japan exceeded a market expectation of 0.2% growth in posting a quarter over quarter expansion of 0.3%. On an annualized basis, Japan’s economy…
Branson Sends Wrong Market Signals after Cutting Stake in Virgin Galactic by $300M
(CNBC) Shares of Virgin Galactic shed up to 3% on Friday following reports that Richard Branson sold a $300 million stake in the space tourism company. In total, Branson sold…
Consumer Confidence Falls as Sentiment Index Plunges by 13.5% in August
(University of Michigan) US Consumer Sentiment Index tanked 13.5% in the first half of August from July as confidence over a return to normalcy after the Covid-19 pandemic waned. On…
China’s Closure of Ningbo-Zhoushan Port Signals a Possible Ripple Effect
(Bloomberg) China’s closure of the port of Ningbo-Zhoushan has caused speculation that the volumes at the Port of Los Angeles will go down considerably, and other ports globally may follow…
US Import Prices Ease to a 0.3% Increase Amid Higher Fuel Prices
(BLS) Import prices in the US rose by 0.3% in July, a slower rate compared to 1.1% increase in June, and 1.3% in May. The increase in imports reflected rising…
SoFi Upgrades Its Revenue Outlook Despite a Net Loss of $165.5 Million in Q2
(SoFi) SoFi Technologies Inc. registered a net loss of $165.5 million in the second quarter, compared to a profit of $7.8 million in the same quarter last year. The San-Francisco-based…
Trade Surplus Hits €18.1B in the Euro Area and €14.8B in EU in June
(Eurostat) Euro area led the EU in international trade in goods surplus in June at 18.1 billion euros against the latter’s 14.8 billion euros. At 18.1 billion trade surplus, the…
UK Records 1.65M Job Adverts in the First Week of August as Recovery Take Shape
(REC) About 1.65 million active job adverts were posted in the UK in the first week of August, with up to 204,000 new positions in the same week. At 204,000…
FDA Clears Moderna, Pfizer, and BioNTech for Third Shots on Vulnerable Individuals
(Bloomberg) US Food and Drug Administration has allowed Moderna Inc., Pfizer Inc., and BioNTech SE vaccines to be given as a third dose to Americans with weak immune systems. The…
Airbnb Posts a More than Expected 299% Jump in Revenue in the Second Quarter
(Airbnb) Airbnb’s revenue in the second quarter was $1.34 billion, up 299% year over year and more than expected $1.26 billion. The revenue was boosted by a 29% surge in…
Palantir Dominates Ark Stock Buys as Roche, Novartis, and Twitter Get Dumped
On August 12, 2021, Ark Invest bought about 5.6 million shares of Palantir, in a day that saw the ETF fund dump Roche, Novartis, Twitter, and Alphabet stocks. Ark sold…
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