(CNBC) GameStop stock jumped more than 12% on news that Amazon’s former executive Matt Furlong will be its new CEO from June 21. Another former e-commerce retailer’s executive Mike Recupero…
(Bloomberg) Investors controlling about $41 trillion of assets are calling upon the G-7 countries and governments to set more ambitious goals in greenhouse gas control. The investors, led by DWS…
(St. Louis Fed) A 0.5% jump in hourly wages in May, more than expected 0.2%, is raising inflationary concerns that have gripped financial markets. Analysts are interpreting the jump in…
(UToday) Crypto exchanges that include Binance, Huobi, and OKEx were blocked from China’s search engines on Wednesday. The move is seen as a continuation of Beijing’s crackdowns on cryptocurrencies. The…
(CNBC). China experienced an increase in production costs as the producer price index rose to 9% in May, the fastest since the 2008 index of 9.13%. Building, iron, and steel…
(Wall Street Journal) U.S. Senate has passed a $250 billion spending on technology research and development to boost competition with China and other countries. The $250 billion bill is a…
(Bloomberg) Optimism of Alzheimer drug has fueled a 925% surge in drugmaker Cassava Sciences Inc. this year. The company is yet to debut a product in the market after 20…
(CNN Business) Bank of America CEO Brian Moynihan says Americans are yet to spend 65%-70% of stimulus cash. Moynihan says consumer spending has jumped about 20% from 2019 levels to…
(Fastly) U.S-based cloud provider Fastly fell as much as 5% on pre-market on Tuesday following widespread CDN outages. It affected several news outlets websites that included The New York Times,…
(CNBC) Goldman Sachs strategist Andrew Tilton expects global shortage of semiconductors to subside in the second half of this year. Goldman says the semiconductor disruption is at its worst now,…
(Bloomberg) Wide spreads and low trading volume have been reported on China Huarong Asset Management Co. onshore bonds. On Tuesday 11 a.m. traders failed to agree on the price of…
(Bank of England) The Bank of England is evaluating the option of establishing its digital currency to complement the existing banknotes. The final decision has not been made on whether…