Sanderson Farms Nears a $4.5B Sale Deal to Cargill and Continental Grain
(WSJ) Poultry giant Sanderson Farms Inc. is closing on a deal to sell itself to Cargill Inc. and Continental Grain Co. for about $4.5 billion. The deal would value Sanderson…
Lithium Mining Market Expected to Almost Double to $516.22 Million by 2028 from 2020
(Fortune Business Insights) Growing demand for lithium is expected to push the market size to $516.22 million by 2028, with a CAGR of 6% between 2021 and 2028. Global EV…
NFP. Payrolls Jumped by 943,000 in July. Unemployment Rate Eases by 0.5%
(BLS) US total nonfarm payroll employment increased by 943,000 in July, more than expected 845,000 as hiring accelerated amid Covid-19 variant fears. Following the uptick in payrolls, unemployment rate dropped…
Huawei’s Revenue Declined 38% to 168.2 billion Yuan in Q2 Amid Tough U.S. Sanctions
(WSJ) Huawei Technologies Co. Ltd announced a 38% drop in revenue to 168.2 billion yuan in the second quarter as the U.S. sanctions on its smartphone and telecom equipment bite. The…
UK House Prices Surges 0.4% in July, but Annual Inflation Suggests Easing Market
(Halifax) The UK registered an average housing price of 261,221 pounds in July, up 0.4% from the previous month. On a three-month basis, UK house prices were 2.4% higher in…
Maersk’s Revenue Jump 60% to $14.2B in Q2 Driven by High Container Shipping Rates
(Maersk) A.P. Moller-Maersk announced $14.2 billion revenue in the second quarter of 2021, a 60% increase from the same period last year driven by high container shipping rates. The world’s…
GPIF’s Robust Quarter Takes its Total Assets to a Record 191.6T Yen
(GPIF) Japan’s Government Pension Investment Fund, which is the world’s biggest, reaching a record 191.6 trillion yen or $1.75 trillion in assets after a robust quarter. For the quarter that…
U.S. Business Groups Want Biden’s Administration to Renegotiate US-China Trade Deal
(WSJ) Over thirty US business groups are asking Biden’s administration to renegotiate the 2020 Phase One Trade Pact with China and reduce import tariffs. The business groups say that China…
Ether Predicted to Hit Deflationary Supply after Upgrade Sees $395K ETH Burnt/Hour
(Cointelegraph) Around 3,395 ETHs have been burnt since the EIP-1559 upgrade was announced on Thursday, with the average burn rate said to be up to $395,000 ETH per hour. Gas…
New Tax Amendment Backed by White House Rubs Crypto Community the Wrong Way
(Cointelegraph) The crypto fraternity is against a new tax amendment backed by the White House on the U.S. infrastructure plan calling for strict reporting requirements by developers and validators. The…
Oil on Track to Post the Largest Weekly Loss of Up to 6% as Covid Bite
WTI crude recovered less than $0.5 on Friday to trade at about $69.40 a barrel, but the gain was not sufficient to erase as much as 6% losses sustained since…
Samsung to Help the Bank of Korea in Testing the Idea of CBDC
(The Korea Times) Samsung Electronics will participate in building a pilot program for the Bank of Korea’s central bank digital currency. Samsung will test the functionality of the CBDC with…
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