(Coinbase) Coinbase Global Inc. has stopped the launch of its USDC APY lending product after the Securities and Exchange Commission termed it as a breach of security laws. The crypto exchange…
(WSJ) Royal Dutch Shell will sell its assets in the US most active oil field, the Permian basin, for $9.5 billion to ConocoPhillips as pressure mounts to cut carbon emissions.…
(NAHB) The builder’s sentiment for newly constructed single-family homes rose by one point to 76 in September, ending three consecutive months of decline. The uptick in builder’s sentiment reflected falling…
(WSJ) Jennifer Homendy, a top federal crash investigator, has termed Tesla’s idea of upgrading the driver-assistance software as premature. Through the National Transportation Safety Board, Homendy has asked Tesla first…
(Cointelegraph) El Salvador added to its Bitcoin holdings with a further 150 tokens at a price below $46,000. The Bitcoin additions happen amid warnings by global agencies on making Bitcoin…
(Reuters) Chinese property developer Evergrande Group extended losses by a further 10.2% on Monday to claim an 11-year low of HK$2.28 as fears grow over loan defaults. The fall in…
(CNBC) Cloud-based software provider GitLab has filed an initial public offering to list on Nasdaq under ticker “GTLB” to take advantage of strong growth in the sector. Once listed, GitLab…
(WSJ) The sale of low-rated company debt is surging towards a record high at $361 billion as of September, driven by economic recovery and high demand. Fig: Yearly Sale of…
(MarketWatch) US Treasury Secretary Janet Yellen has urged Congress to review the current debt ceiling to avert a possible financial crisis. Yellen maintains that the US had raised borrowing ceilings…
(Sorrento) Sorrento Therapeutics Inc. has announced an 81% sensitivity by COVISTIX for screening both symptomatic and asymptomatic Covid-19 infections. The 81% sensitivity is a superior rate compared to 62% reported…
(CNBC) JPMorgan will launch a digital bank in the UK next week, taking on major local lenders that include Barclays, HSBC, Lloyds, and NatWest. The launch of the digital bank…
(University of Michigan) US Consumer Sentiment Index in early September was 71.0, a marginal gain from 70.3 in the previous month. The sentiment was still down 11.7% year over year. …