China’s Regulator Fines Weibo $470K Sending Stock to Below IPO Price
(Bloomberg) Shares of China’s Weibo Corp. fell 9.6% in Hong Kong on Tuesday to trade at HK$219.80, below its initial public offer price of HK$272.80 after a fine by the…
UK Job Numbers Jump by a Record 257,000 in Nov. Pushing Unemployment Lower
(ONS) The UK added 257,000 jobs in November, a record since 2014, taking the total number of employees in the country to 29.4 million. The rise in payroll numbers in…
Russian Central Bank Cites High Risk in Banning Crypto From Mutual Fund Portfolios
(Bank of Russia) The Bank of Russia has banned mutual funds from crypto allocations and investments to qualified and unqualified investors. The Bank of Russia also prohibits fund managers from…
Foghorn Jumps on the News of Partnership With Lilly for Novel Oncology Medicines
(Lilly) Shares of Foghorn Therapeutics Inc. rose more than 47% on Monday on the news that Eli Lilly and Company has selected its Gene Traffic Control platform for novel oncology…
Pfizer Lines up Arena Pharmaceuticals for a $6.7 Billion Cash Deal
(Pfizer) Pfizer Inc. is expecting to acquire drugmaker Arena Pharmaceuticals in a cash deal valued at $6.7 billion. The addition of Arena expands Pfizer’s product portfolio, with the target known…
UK House Prices Starts December With a 0.7% Dip
(Rightmove) Property prices in the UK fell by 0.7% or 2,234 pounds in December as sellers geared up for a return to normal market conditions next year. Valuation requests from…
Lira Hits Another Record Low on Downgraded Rating by S&P
Source: Bloomberg Turkish lira fell to a fresh record low on Monday, extending declines against the dollar to above 14 after S&P Global Ratings gave it a negative outlook. USDTRY…
Binance Revokes Exchange Application in Singapore, to Shutdown Platform in Feb.
(Binance Singapore) Binance has announced that it will cease to operate its trading platform in Singapore on February 13 also indicating it has withdrawn an application for a crypto exchange…
Baidu to Host 100,000 People in Metaverse Conference This Month
(Baidu) Baidu has set December 27 as the date for the release of its meta-universe product “Hirang,” with the app also hosting the Baidu AI Developer Conference. Baidu says the…
Getty Is Returning Into Public Markets With a $4.8 Billion SPAC Deal
(Bloomberg) Getty Images is merging with blank-cheque firm CC Neuberger Principal Holdings 11 to go public in a deal that values the company $4.8 billion. The deal, which includes debt,…
US Consumer Prices Mark a Monthly 0.8% Increase in November
Source: Bureau of Labor Statistics US consumer prices ticked higher by 0.8% in November, after another gain of 0.9% the previous month. SPY is up +0.61%, DXY is down -0.04%.…
IMF Calls for the Full Licensing of Crypto-Asset Providers, Uniform Regulation
(IMF) The International Monetary Fund is calling global regulators to adopt a common regulatory approach for crypto assets. In a quest for a comprehensive and clear framework of regulation, IMF…
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