Didi Denies News it May Exit Public Markets
(Bloomberg) Chinese ride-sharing giant Didi Global rose as much as 35% following reports it is contemplating going private. The ride giant has since denied the news. Prior report from WSJ…
Robinhood to Debut on Thursday after Pricing its IPO at a Conservative $38 Per Share
(WSJ) Robinhood Markets Inc. is expected to start trading on the Nasdaq exchange on Thursday after pricing its IPO at the bottom of range at $38 per share. Robinhood had…
China’s Futures Claw Back after Regulator Convenes an Urgent Meeting
(Bloomberg) China Securities Regulatory Commission arranged a hasty virtual meeting with banking executives to ease fears of market crackdown from Beijing. Fears gripped Chinese business sector, sending major stock indexes…
Ether Surpassing Bitcoin? Ether Trading Volume up 1,461% Compared to Bitcoin’s 489%
(Bloomberg) The trading volumes of Ether on Coinbase in the first half of this year grew at 1,461% compared to Bitcoin’s 489% from the same period last year. Ether’s trading…
Tilray Revenue Jumps 25% in the Fourth Quarter. FY21 Loss Widens
(Tilray) Cannabis company Tilray reported a 25% increase in revenues to $142.2 million in the fourth quarter, up from $113.5 million in the previous quarter. The surge in Tilray’s net…
Pfizer Banks on Vaccine Deals to Up Projections of Covid-19 Vaccine Sales by 28.8%
(Reuters) Pfizer has raised its forecasts of sales of joint vaccines with BioNTech by 28.8% to $35.5 billion. The upgraded Covid-19 vaccine sales reflects signed deals of 2.1 billion doses…
Microsoft Reported a 21% Increase in Q4 Revenue on Upticks in Cloud Business
(Microsoft Inc.) Microsoft Inc. reported $ 46.2 billion revenue in the fourth quarter, up 21% from $38 billion in the same quarter last year. Microsoft’s fourth quarter revenues were mainly…
Barclays Jumps 4% As Earnings Top Estimates In The Second Quarter
(Barclays) Barclays stock jumped more than 4% after the bank reported a second quarter profit of 2.1 billion pounds or $2.9 billion. The earnings were better than expected 1.7 billion…
Google Reports a 62% Jump in Q2 Revenue Amid Rising Online Activity
(Alphabet Inc.) Alphabet Inc. reported $61.9 billion in revenue for the second quarter ended 30th June, a 62% increase compared to $38.2 billion reported last year. The net income of…
Apple Posts Better Than Expected 36% Jump In Sales, But Chip Warning Bite Stock
(Apple) iPhone giant Apple Inc. reported a record 36% year over year jump in sales in the third quarter to $81.41 billion. The sales were more than expected $73.30 billion.…
SEC’s Lee Expects U.S.-Listed Chinese Firms to Disclose Government Interference
(Reuters) SEC official Allison Lee has said Chinese firms listed on U.S. exchanges now have a disclosure obligation on government interference risks. The Democratic Commissioner made the comments in the…
Tough Choices Must be Made by Central Banks in the Era of Digital Money-IMF
(IMF) The IMF says central banks face a dilemma on how to proceed in adoption of digital forms of money, warning that tough choices must be made. IMF says policy…
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