Euro Area Annual Inflation Spikes to 4.9% in November
(Eurostat) Euro area annual inflation is estimated to have climbed to 4.9% in November, from 4.1% in the previous month. Energy is seen to contribute to the highest rise in…
China’s Factory Activity Crawls Back to Expansion in Nov. on Easing of Bottlenecks
(NBS) China’s manufacturing PMI was posted at 50.1 in November, up from 49.2 in October and the first expansion in three months. The PMI was a better than expected contraction…
Pending Home Sales Rise 7.5% in Oct. as Consumers Anticipate Higher Future Costs
(NAR) Pending home sales in the US increased by 7.5% in October from the previous month, with the index hitting 125.2. The contract signings in October were still 1.4% below…
Hertz’s $2 Billion Stock Repurchase Boosts Price to Above $25
(Bloomberg) Rental car company Hertz Global Holdings shares traded at $25.30 after jumping up to 6% on Monday following announced plans for a $2 billion stock repurchase. The buy-back includes…
Invesco Debuts Physical Bitcoin ETN on Deutsche Boerse after Failed US Spot ETF
(Deutsche Boerse) Asset manager Invesco’s spot BTC exchange-traded note has been listed on Germany’s Deutsche Boerse at the digital stock exchange, Xetra. The new ETN will trade under ticker BTIC…
Twitter Jumps on News CEO Dorsey is Stepping Down
(CNBC) The Twitter stock traded up more than 5% in premarket on Monday following news that the CEO Jack Dorsey was stepping down. Dorsey, who serves as the CEO of…
Sales of Once-Booming Meat Alternatives Sink 1.8% in the US in Oct.
(FT) Plant-based meat alternatives sales in the US plunged by 1.8% in the four weeks to October 3, with total declines in the year hitting 0.6%. The fall in the…
Li Auto Revenues Jump by 210% in Q3 2021 as Deliveries Reach 25,116
(Li Auto) Li Auto Inc. posted total revenues of RMB7.78 billion or US$1.21 billion in the third quarter of 2021, an increase of 209.7% from the prior year. The record…
Omicron Variant to Spread Faster, WHO Warns as Countries Issue Restrictions
(WHO) The World Health Organization has warned that the new Omicron Covid-19 variant could spread faster globally, with severe impacts. The global health body says high mutations of the Omicron…
Nissan Lays an Ambitious $18bn Plan to Boost EV and Future Mobility Solutions
(Nissan) Nissan Motor Co., Ltd. will invest 2 trillion yen or $17.7 billion over the next five years to boost its ambitions of becoming a sustainable company through electrified vehicles.…
El Salvador Snaps up 100 More BTC at a Discount Price
(Twitter) El Salvador President Nayib Bukele added 100 more Bitcoins to the country’s balance sheet following a plunge to around $54,000 on Friday. Bukele said the country bought the tokens…
Japan’s PM Kishida Defies Criticism to Deliver $316 Billion Economic Package
(Bloomberg) Japanese prime minister Fumio Kishida delivered the 36 trillion yen or $316 billion in economic recovery package on Friday, the biggest funding in the country’s history. The economic package…
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