Affirm Enters Into Losses of $128.2 Million in Q4 Despite a Jump in Revenue
(Affirm) Affirm Holdings Inc.’s earnings dropped to a net loss of $128.2 million in the fourth quarter of 2021, from a net profit of $34.8 million in the same period…
Food Delivery Firms That Include Uber Move to Court to Protest NYC Cap Fees
(WSJ) Uber Technologies, DoorDash Inc., and Grubhub Inc. have filed a lawsuit in a New York federal court to protest a fee cap by the city authorities. The food-delivery firms…
Palantir to Provide State-of-the-Art Tech for US Navy’s Solar Drone Missions
(Forbes) The 90-day missions of the United States Navy’s solar-powered drone Skydweller will be run on the software of Palantir Technologies Inc. Currently being developed by the Skydweller Aero, the…
BTC or Gold as a Store of Value? Cooperman Picks Gold but Blasts Naivety on Bitcoin
(Markets Insider) 78-year-old billionaire investor Leon Cooperman says gold is a better store of value for the risk-averse but warns that those who don’t understand bitcoin are possibly old. Cooperman…
Jobless Claims Hit Another Pandemic Low After a Decline of 35,000
(Department of Labor) US jobless claims were 310,000 in the week that ended September 4, down by 35,000 from the previous week. Fig: Seasonally Adjusted Initial Claims On a 4-week…
Dallas Fed President Kaplan Led Other Regional Fed Officials in Stock Trades in 2020
(Dallas Fed) Robert Kaplan, the president of the Federal Reserve Bank of Dallas, engaged in more than 1 million stock trades last year. Fellow regional Fed leaders only made modest…
Solana Crosses the $200 Barrier Amid a Crypto Flash Crash This Week
Solana hit its all-time high of $216.47 on Thursday, outperforming other crypto assets’ gains despite suffering a setback following a crypto crash on Wednesday. Solana’s resilience is believed to be…
Morgan Stanley to Tap More into Global Real Estate After $3.1 Billion Funding
(Bloomberg) US banking giant Morgan Stanley has generated $3.1 billion to bet on global real estate, more than $2 billion raised in 2018 for similar bets. Investors that include sovereign…
RLX to Make Age Verification Mandatory in Branded Stores
(PR Newswire) The age verification process will be compulsory across RELX-branded stores in China after RLX Technology announced an upgrade of its minor protection system. The upgraded Sunflower System 3.0…
Robinhood Unveils a $1 Recurring Crypto Purchase Feature With No Fees
(Decrypt) Robinhood unveiled a new feature on Wednesday that enables its crypto customers to buy coins daily, weekly, and monthly with as little as $1. Christine Brown, the COO of…
Blow to Humanigen as FDA Declines EUA of Lenzilumab for COVID-19 Patients
(Humanigen) US Food and Drug Administration has declined to grant an emergency use authorization for Humanigen’s Lenzilumab for use by hospitalized Covid-19 patients. FDA says it is unable to conclusively…
Lululemon Athletica Reports a Jump in Q2 Profit to $208.1M Amid Growing Revenues
(Lululemon Athletica Inc.) Lululemon Athletica Inc. announced a net income of $208.1 million in the second quarter of 2021, an increase from a net profit of $86.8 million in the…
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