The Turkish Lira sank about 1.1% to trade at 8.5981 per dollar on rising concerns of loose monetary policy, according to Bloomberg. Investors grew worried of inflationary pressures on loose…
The Securities and Exchange Commission has revealed an Ethereum exchange traded fund filed by WisdomTree. The approval of WisdomTree’s Ethereum ETF would allow retail traders in the U.S to buy…
Japan’s central bank is casting doubts on bitcoin after recent volatilities, according to Bloomberg. Governor Haruhiko Kuroda says bitcoin can barely be used as a means of payment due to…
Two inactivated vaccines from China’s Sinopharm successfully suppressed Covid-19, according to Bloomberg. The findings, published by a U.S medical journal, found the shots to be 72.8% and 78.1% effective against…
The Economic Sentiment Indicator rose 4.0 points in both the EU and euro area in May, according to the European Commission press release. Employment Expectations Indicator gained 2.4 points in…
Cathie Wood’s Ark Investment has relinquished 99% of its remaining holdings in Virgin Galactic, according to Benzinga. The Thursday sale happened after the company said it will conduct the next…
Highly indebted Chinese companies are sending shivers among global investors with $2.14 trillion of bonds due by 2023, according to NIKKEI Asia. Investors believe Beijing is unlikely to bail out…
Sales of videogames fell 2% year over year in April to hit $4.6 billion, Seeking Alpha reports. The fall happens for the first time in 14 months as sales boomed…
President Biden’s proposed budget could raise annual spending to $6 trillion in the coming financial year, according to Bloomberg. The plan could bring in annual shortfalls in excess of $1.3…
India’s top digital payments Paytm hopes to raise 218 billion rupees or $3 billion in its planned year-end IPO, according to Bloomberg. If the offering succeeds, Paytm could be valued…
Airbus wants its suppliers to prepare for higher production of its bestselling planes, according to The Guardian. Airbus hopes to increase manufacture of A320 single-aisle aircraft from 40 to 45…
Manufactured durable goods saw a slip in demand as new orders fell by 1.3% to $246.2 billion in April, according to the Census Bureau press release. The fall occurs after…