US Release of Strategic Crude Oil Seen as “Symbolic” With No Impact on Price
(FT) Energy Aspects’ director of research, Amrita Sen, has termed the release of 50 million barrels of crude by the US as a “a symbolic move,” with negligible impact. Sen…
Elon Musk’s Feud With JPMorgan’s Dimon Spills Into the Public Ahead of Legal Battle
(WSJ) Tesla CEO Elon Musk is set to square out with JPMorgan’s Jamie Dimon who has said the EV maker owes it $162 million from a trade arrangement dating back…
Regal Cinemas Will Now Accept Cryptocurrencies as Payment
(Markets Insider) Movie-theater chain Regal Cinemas starts accepting cryptocurrencies as a form of payment. The company will accept a number of digital payments, including Bitcoin, Ethereum, Litecoin, Dogecoin, USD coin,…
Pasithea Clinics Starts Offering Esketamine Nasal Spray Therapy in the UK
(Pasithea) Pasithea Therapeutics has started offering Esketamine Nasal Spray for treating resistant depression in adults at its clinics in Knightsbridge, London, after approval. Pasithea CEO Dr. Tiago Reis Marques says…
Ohio Jury Faults Walmart, Walgreens, and CVS Pharmacies in Opioid Epidemic
(WSJ) A Cleveland jury has found companies owning Walmart, Walgreens, and CVS pharmacies contributed to the opioid epidemic that cost two countries in Ohio $1 billion each. Walmart, Walgreens, and…
Uber to Partner With Cannabis Retailer Tokyo Smoke to Deliver Marijuana in Ontario
(BBC.com) Ride-sharing firm Uber is partnering with marijuana seller Tokyo Smoke to allow users to order cannabis products on the Uber Eats app in Ontario, Canada. Uber Eats users will…
US Business Activity Slows in A Moderate Pace in Mid-November
(IHS Markit) US business activity expansion slowed down moderately in November amid widespread labor shortages and raw materials delays. IHS Markit reported its flash US Composite PMI Output Index dropped…
Xiaomi Slips Below Apple to the 3rd Place in Smartphone Market on Chip Shortages
(CNN Business) Xiaomi made 43.9 million global smartphone shipments in the third quarter of 2021, down 6% from the previous year, slipping one position to the third in the industry.…
“Pokemon Go” Creator Niantic Attracts $300M Funding for Real-World Metaverse
(Niantic) Niantic, which dubs as the creator of popular mobile game Pokemon Go, has raised $300 million for its “real-world” metaverse project. The funds were raised from crypto tech investor…
Citi Eyes Digital Assets With 100 Positions Set to be Filled in Leading Markets
(Reuters) Citigroup seeks to fill 100 positions in different countries in readiness for the adoption of crypto assets and blockchain. The crypto team, who will be housed at the bank’s…
XPeng Revenues Jump 187.4% Boosted by Record Vehicle Deliveries
(XPeng) XPeng Inc. posted total revenues of RMB 5.72 billion or US$887.7 million in the third quarter of 2021, up 187.4% from the prior year. XPeng’s revenues were boosted by…
Eurozone Economic Recovery Improves as Output Index Hits a 2 Month High in Nov.
(IHS Markit) Eurozone Composite Output Index was at 55.8 in November, a two-month high and an increase from 54.2 in October. The Services PMI Activity Index was at a three-month…
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