Goldman Downgrades US Growth to 5.7% Amid Tough Situation
(Bloomberg) Goldman expects the overall economic expansion in the US to be 5.7% this year, a drop from the expected 6% at the close of last month. Economists at Goldman…
Panama Joins El Salvador in Crypto Regulation to Enhance Widespread Use
(Cointelegraph) Panama is the latest Central American nation seeking crypto regulation after Congressman Gabriel Silva introduced a bill in the country’s legislature. Panama’s bill seeks to encourage freedom of use…
Berkshire Reaps $2B Year to Date in BYD Stock to Take Total Gains to 3,400%
(Business Insider) Berkshire Hathaway has gained almost $2 billion in BYD stock this year to close at $7.9 billion compared to $5.9 billion at the close of 2020. The conglomerate’s…
Xu Ming, a Former Regulator, will Head the Newly Formed Beijing Stock Exchange
(SCMP) Xu Ming has been appointed to head the Beijing Stock Exchange, which was created to cater to small and medium-sized enterprises. Xu has worked at the China Securities Regulatory…
Chip Prices Projected to Surge 2022 as TSMC Follows Rivals in Raising Fees
(Nikkei Asia) Markets are warming for higher prices of electronic chips and devices in 2022 after the biggest producer TSMC moved to raise its production fees. TSMC, which has a…
UK House Prices Hit a Record £262,954 in August Amid Fall in Inflation
(Halifax) UK house prices rose by 0.7% or 1,789 pounds in August from July, pushing the average cost to a fresh record of 262,954 pounds. Fig: UK House Price Change…
Euro Area’s GDP Jump 2.2% In Q2. Employment Rate up 0.7% In Euro Area and EU
(Eurostat) The gross domestic product in the euro area rose by 2.2% quarter over quarter in the second quarter, higher than the EU's 2.1% jump in the same period. Fig:…
Toyota Targets Technology Leadership with at Least $13.5B Investment in Batteries
(Reuters) Toyota Motor Corp. will invest more than $13.5 billion by 2030 to boost its battery development and battery supply system. The investment by Toyota seeks to make the automaker…
Soros Thinks Blackrock’s Risks Investors’ Money and National Security in China
(Bloomberg) Billionaire investor George Soros has blasted BlackRock Inc.’s investment into the Chinese market, terming it a risk to investors and U.S. security interests. BlackRock started offering its investment products…
Share Buybacks by Tencent Boosts Chinese Tech Stocks to a Monthly High
(Bloomberg) China’s Hang Seng Tech Index rose 1.6% on Tuesday, the highest since late July after Tencent Holdings boosted market sentiment in a fresh round of share buybacks. Tencent bought…
Bitcoin Projected to Rise After El Salvador Buys 400 Coins Ahead of Adoption
(Reuters) Analysts see Bitcoin on track to rising between $56,000-$56,300 after climbing to above $52,680 on Monday. A day before making BTC a legal tender El Salvador said it holds…
Tech Giants Rush for Custom-Made Chips as Competition and Shortages Hots Up
(CNBC) Tech giants led by Apple, Amazon, Tesla, Facebook, and Baidu are exploring the idea of custom-made chips by in-house development. The move towards in-house chip development by tech giants…
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