Beeple’s NFT Fetches Over $60 Million at Christie’s Auction
A non-fungible token by digital artist Beeple was sold at Christie’s auction for over $60 million, according to CNBC. The price makes it the most expensive NFT ever sold at…
Gold is “Failing as an Equity Edge,” Says BlackRock Analyst
BlackRock Inc. analyst Russ Koesterich says Gold is proving to be a less effective hedge against moves in other assets and inflation, according to Bloomberg. The portfolio manager warns that…
Optimistic Job Claims Extends U.S Stock Gains
U.S stocks rallied on Thursday as major averages hit new records amid easing fears of inflation and rates. According to CNBC, investors were cheered by slightly better-than-expected weekly jobless claims…
BAT Partners with Organigram to Accelerate “Beyond Nicotine” Strategy
BAT Group has entered into an agreement with Organigram Inc. to expand its portfolio “beyond nicotine,” according to the company’s press release. The collaboration reinforces BAT's consumer-centric multi-category approach, which…
J&J Gets EU Clearance for its Coronavirus Vaccine
Johnson & Johnson’s coronavirus vaccine has been cleared by the European Medicines Agency, according to Bloomberg. The clearance paves the way for the first single-injection shot that will bolster the…
Jobless Claims Fall by 42,000 to Remain Below Expectations
U.S jobless claims in the week ending March 6 was 712,000, a fall of 42,000 from the previous week, according to the Department of Labor press release. The total claims…
Forward Health Hits a Valuation of Over $1 Billion after Latest Funding Led by SoftBank
Forward Health reached a valuation of more than $1 billion after funding rounds that saw the healthcare startup raise $225 million, according to Reuters. The late-stage funding was from investors…
JD.com Releases Q4 and FY20 Results. Fourth Quarter Revenues Grew 31.4% YOY
JD.com reported a net revenue increase of 31.4% to RMB224.3 billion or $34.4 billion year over year, according to the company’s press release. Revenue growth was driven by the company’s…
Apple Ramps up iPhone Manufacturing in India with a New Assembly Line
Apple Inc. has started an iPhone 12 assembly line in India, the company’s second-biggest smartphone market in the world, according to Reuters. The Indian unit of Apple’s Taiwanese contract manufacturer…
Tesla’s Model Y Among Best-Selling Cars in February Despite Slump in Holiday Sales
Tesla’s China-made Model Y was the third best-selling electric car in February at 4,630 vehicles, reports CNBC. The mid-size SUV was the ninth-best seller among new energy vehicles, including electric…
Roblox Co-Founder’s Fortune Climbs to $4.6 Billion after Shares Surge
Roblox co-founder David Baszucki's stake in the company rose to about $4.6 billion after the company's shares gained more than 50% on debut, according to Bloomberg. The NYSE set the…
Oracle Tumbles on Lower Earnings Guidance
Oracle shares fell 6% on Wednesday after a guidance of $1.20 to $1.24 earnings per share and 5% to 7% revenue growth in Q4, according to the company’s press release.…
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