(Reuters) China’s ride-hailing company Didi Global Inc. has generated $4.4 billion after an initial public offering at the top of the range in the US. Didi reportedly sold about 317…
(The Conference Board) US consumers have raised optimism about the labor market and business conditions, as the confidence index reached 127.2 in June, from May’s 120.0. The consumer confidence is…
(SEC Filing) Cathie Wood’s Ark Invest is partnering with ETF provider 21Shares to establish a Bitcoin exchange-traded fund. The Bitcoin ETF, ARK 21Shares, will track the S&P Bitcoin index and…
(Sanofi) Sanofi SA plans to invest 400 million euros or $477 million in a year to build an mRNA vaccine business. Sanofi expects the investment in mRNA research to generate…
(CNN) British luxury fashion house Burberry's Chief Executive Officer Marco Gobbetti is set to leave the company to lead rival Salvatore Ferragamo. Burberry said Gobbetti will step down at the…
(BEA) Nevada state recorded a 10.9% jump in real GDP in the first quarter, as all 50 states and the District of Columbia recorded gains. With a 10.9% jump in…
(University of Michigan Survey) The index measuring consumer sentiment in the US was 85.5 in June, up by 3.1% from May. The sentiment was the second highest since the beginning…
(Reuters) S&P Global Ratings has affirmed China’s stable output growth with an A+/A-1 rating amid disruptions by the COVID-19 pandemic. S&P expects China to maintain economic growth above average compared…
(Bloomberg) Bipartisan infrastructure agreement announced on Thursday carves out $579 billion from the $2.25 trillion plan unveiled by Washington in March. Roads and bridges win in the package as they…
(CNBC) SpaceX’s broadband service Starlink will list when its cash flow becomes more predictable, according to CEO Elon Musk. Musk says going public prematurely would be very painful for Starlink,…
(Department of Labor) US jobless claims plunged by 7,000 for the week that ended June 19 to hit 411,000. Previous week’s jobless claims were revised by up 6,000 to 418,000.…
(IHS Markit) U.S. June Manufacturing Index Increased the fastest since 2007 from 62.1 to 62.6 as restrictions were lifted. The increased index was also due to a recovering domestic economy.…