U.S Services PMI in April was 62.7%, 1 percentage point lower than March’s record high of 63.7%, according to the Institute of Supply Management press release. The April reading was…
U.S private sector employment jumped by 742,000 jobs in April from March, according to the ADP National Employment Report press release. The job adds were the strongest since September 2020…
WallStreetBets forum members were targeted in a cryptocurrency scam exposing them to more than $2 million in losses, according to Bloomberg. Under Telegram account, “WallStreetBets-Crypto Pumps,” users were asked to…
General Motors Co. reported a revenue of $32.5 billion in Q121, down from $32.7 billion in the same quarter of 2020, according to the company’s press release. The company remains…
Galaxy Digital Holdings Ltd. seeks to buy BitGo Inc. for a record $1.2 Billion, according to The Wall Street Journal. The deal is the first valued over $1 billion in…
There is no certainty on whether the U.S will raise interest rates should President Biden’s $4 trillion spending plan be passed, according to The Wall Street Journal. The comments by…
The U.S Commerce Department wants Taiwan Semiconductor Manufacturing Co. to prioritize American automakers in chip supply, according to CNBC. Commerce Secretary Gina Raimondo also wants the U.S to heighten investment…
Corn prices are now at an eight year high of $7.56 per bushel after surging about 142% in the last year. According to MarketsInsider, the prices have been fueled by…
Investments into the ETF industry is projected to increase in future as wealthy Americans seek to limit their looming capital gains taxes, according to Bloomberg. ETFs are considered to be…
Union Square closed at a valuation of $4.6 billion on the day Coinbase was Nasdaq listed, according to Bloomberg. Co-founder Fred Wilson, who once termed bitcoin as “fantasy,” had put…
Valneva SE, a small French biotech, is offering a vaccine that is more effective against variants of the coronavirus, according to Bloomberg. A participant from phase three trials could be…
Nestle has acquired supplements and vitamins manufacturer The Bountiful Company from KKR for $5.75 billion, according to press release. The companies expect to finalize the deal in the second half…