(BEA) The US posted an international trade deficit of $70.1 billion in July, a decline of $3.2 billion or 4.3% from June. Fig: US International Trade Deficit July’s exports rose…
(Department of Labor) US jobless claims were 340,000 in the week that ended August 28, down 14,000 from the previous week. Analysts had projected a higher 345,000 claims. Fig: US…
(Cryptoglobe) Cardano surged past the $3 level to a fresh all-time high, just five hours after its public testnet started supporting Plutus smart contracts. The surge happened after IOHK, the…
(Bloomberg) Alibaba Group Holdings Ltd. will donate 100 billion yuan or $15.5 billion over five years in support of Beijing’s wealth redistribution. Alibaba’s donation will go into ten initiatives ranging…
(Chewy) Chewy Inc. posted net sales of $2.16 billion in the second quarter of 2021, up 26.8% year over year. Half-year net sales were $4.29 billion, up from $2.32 billion…
(Bloomberg) Brent crude hit the ceiling near $72 as investors took time to digest OPEC+ plan to boost output by 400,000 barrels a day from October. The pause in oil…
(Bloomberg) US Securities and Exchange Commission has sued BitConnect founder Satish Kumbhani for raising more than $2 billion from investors without the regulator’s approval. Kumbhani is sued alongside BitConnect’s promoter…
(Bloomberg) Apple Inc. has agreed to allow media app developers to link their App Store to other websites and avoid the current 30% fees on downloads and subscriptions. The change…
(Reuters) Didi Global Inc., Meituan, and Geely’s Caocao are among 11 ride-sharing firms summoned by Chinese regulators over market practices. The regulators accuse the ride-hailing firms of hiring unqualified drivers…
(Marijuana Moment) The Drug Enforcement Administration is pushing for an expansion in Marijuana and Psilocybin production for the research and development of therapeutic drugs. The agency seeks to increase its…
(Electrek) Tesla is recruiting to fill new positions relating to building a humanoid robot, dubbed the Tesla Bot. Some of Tesla’s advertised positions include an electrical engineer, a mechanical design…
(Markets Insider) The world’s second biggest cryptocurrency Ethereum led other altcoins in Wednesday’s surge, jumping by up to 7% to about $3,560, the highest since mid-May. The surge in Ether…