(WSJ) China will release its stockpiles of industrial metals to curb commodity prices which have ticked to a 13-year high. Economic stimulus across the world and resumption of activity have…
(Financial Post) Ebay has agreed to sell its South Korean e-commerce unit to Naver and Shinsegae Group for 4 trillion won or $3.6 billion. Ebay controls about 12.8% of Korean…
(Office for National Statistics) UK Inflation exceeded expectations and Bank of England target of 2% to jump 2.1% in 12 months to May. The surge reflected the opening of the…
(Bloomberg) Banks that include Citigroup Inc. are targeted in a European Union freeze on sales of syndicated bonds. JPMorgan, Bank of America, Barclays, Deutsche Bank, and Nomura Holdings are the…
(US Census Bureau) US estimates of retail and food services sales plunged by 1.3% in May from April to reach $620.2 billion. Retail sales in May were still 28.1% higher…
(MarketWatch) JPMorgan CEO Jamie Dimon says the US top bank has $500 billion in cash awaiting deployment in a higher rate economy in coming months. Dimon expects low rates to…
(Bloomberg) More than 50% of economists in a survey predict the Fed will increase interest rates in 2023 despite an uptick in inflation and a rebounding economy. The economists do…
Meme Stock AMC Entertainment Holdings jumped 15.38% after retail traders tried to push it back to $60 a share on Monday’s so-called #AMCDay. #AMCDay ranked third on Twitter trends on…
(Bloomberg) Toyota Motor Corp. stock jumped as much as 1.8% to hit a fresh milestone above 10,000 yen or $90.85 on Tuesday. The stock jump of Toyota Corp. defies continuing…
(CNBC) The price of Bitcoin breached $40,000 on Monday after investors digested remarks made by popular hedge fund manager Paul Tudor Jones and Tesla Chief Executive Elon Musk. Bitcoin advanced…
(VentureBeat) Nvidia’s CEO Jensen Huang highly believes in ETH’s proof of stake. Huang says it carries a lot of credibility, works well, and many people can depend on it for…
(Reddit) Corsair Gaming dominated Reddit forum chats for the better part of the weekend and Monday that saw the stock surge as much as 25%. Short float raised to 5.76…