Toyota Defies Chip Shortage to Post a Record Share Price of 10,000 Yen
(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…
Bitcoin Climbs Further to Hit $40,000 on Tudor Jones, Musk Remarks
(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…
Interview: Nvidia CEO’s Views on Proof of Stake Eth, Chip Shortage, and AI
(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…
Corsair Stock, The New Reddit’s Toy that is Up 25%, and Traders Can’t Keep Calm
(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…
Novavax to Seek FDA Approval of Vaccine after it is Found to be 90% Effective
(CNBC) Phase 3 clinical trials of Novavax vaccine trials on a sample of 29,960 participants have confirmed it is safe and 90.4% effective. Two-dose vaccine of Novavax was determined to…
Turkish President Reveals $3.6 Billion Swap Deal with Beijing to Boost Local Currency
(Bloomberg) Turkish President Recep Tayyip Erdogan said his country signed a fresh $3.6 billion swap with China, taking the limit on currency arrangement to $6 billion. The swap deal allows…
IEA Projects Oil Hitting Pre-Pandemic Levels in 2022 Amid Uneven Recoveries
(IEA) International Energy Agency expects global demand for oil to hit pre-pandemic levels towards the end of next year. IEA expects sustained Covid devastation and low inoculations in several parts…
Chewy Grows Net Sales 31.7% YOY in the First Quarter
(Chewy.com) Net sales for pet company Chewy Inc. expanded by 31.7% year over year to reach $2.14 billion in Q1 2021. Chewy’s gross margins expanded 420 basis points year over…
Prospects of End to US-Turkey Missile Tussle Sees Lira Jump the Most Since Mid-May
(Bloomberg) Prospects of Turkey resolving differences with the US following the purchase of Russian missiles boosted lira by as much as 1.7%. Turkish Defense Minister Hulusi Akar said that Turkey…
China’s Didi Chuxing to Hit $70 Billion in Unveiled US Listing
(WSJ) Chinese ride-sharing giant Didi Chuxing is prepared to raise funds amounting to 8%-10% of its valuation as it prepares to list in the US in July. Didi’s valuation could…
UK Economy Grows 2.3% in April as Economic Opening Fuels Gains in Service Sector
(Office for National Statistics) UK’s growth expanded the fastest in April 2021 since July last year, after posting a 2.3% jump in gross domestic product. Growth of UK’s GDP was…
Iran to Legalize Cryptocurrencies if Idea by President Rouhani Goes Through
(TRUSTNODES) Iran has hinted at a plan to legalize cryptocurrencies in the country “as soon as possible.” Led by President Hassan Rouhani, Iran says it wants to legalize the crypto…
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