Tesla Almost Doubles China’s EV Registrations in March
Tesla’s registrations of its electric cars in China jumped to 34,635 in March from 18,155 in February, according to Benzinga. The registrations in March were almost a triple from the…
U.S Consumer Sentiment Index Rises to 86.5 in April amid Inflation Expectations
U.S consumer sentiment index jumped to 86.5 in April from 84.9 in March, according to the University of Michigan’s press release. The sentiment index was lower than the expected 89…
U.S to Hold Discussions with Taiwan to Address Currency Manipulations
U.S will initiate talks with Taiwan to address the valuation of its currency and external imbalances, according to The Wall Street Journal. The U.S said Taiwan’s central bank is actively…
Thermo Fisher Closing Deal to Acquire PPD for More than $15 Billion
Thermo Fisher is finalizing a deal to buy pharmaceutical-testing company PPD Inc. for more than $15 billion, according to the Wall Street Journal. The deal would be the latest tie-up…
China Yields to Pressure and Agrees to Approve First Foreign COVID-19 Vaccine by July
China plans to approve its first foreign Covid-19 vaccine before July, according to The Wall Street Journal. The move reflects mounting pressure from domestic scientists and foreign business community to…
Morgan Stanley Q1 Profit Surpasses Expectations. Discloses Almost $1B Archegos Loss
Morgan Stanley’s net income rose to $4.1 billion or $2.19 per share in the quarter ended March 31, according to the company’s press release. The quarter profit was higher than…
Volkswagen Group Records 53% Global Sales Jump in March YOY
Volkswagen’s worldwide group sales for March rose 53% year on year to 955,500 vehicles, according to MarketScreener. For the first quarter of the year, worldwide deliveries jumped 21% year on…
U.S Treasury Yields Rebound as Friday Auctions take a Pause
The yield on the benchmark U.S 10-year Treasury note rose to 1.585% on Friday morning, after falling to 1.53% in the previous session. The yield on the 30-year Treasury bond…
Howard’s Hedge Fund Prepares Entry into Digital Assets with 1.5% Fund Allocation
Brevan Howard Asset Management is preparing to start investing in digital assets, according to Bloomberg. The firm, led by Aron Landy, will begin by investing up to 1.5% of its…
China Hits a Record $18.3% Growth in First Quarter
China’s economy grew 18.3% year over year in the first quarter of 2021, the strongest quarterly growth on record, according to the National Bureau of Statistics press release. The growth…
BlackRock’s AUM Hits $9 Trillion. CEO Warns of Workers Exodus from NYC over Taxes
BlackRock CEO Larry Fink has warned that a fresh tax increase on the wealthy in New York may encourage people to relocate, according to Bloomberg. Some of New York’s most…
Jobless Claims Plunges to 576,000, the Lowest Since Early Days of Pandemic
U.S jobless claims for the week ending April 10 was 576,000, down 193,000 from the previous week’s level, according to the Department of Labor press release. The jobless claims were…
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