Dollar, Treasury Yields Rise on Economic Recovery Bets
The US dollar strengthened against major currencies, climbing to a one-year high against the yen on Tuesday. The gains were due to accelerating US vaccinations and plans for a major…
Amazon Union Vote Set for Review Amid Potential Legal Hurdles
The US National Labor Relations Board will on Tuesday begin reviewing workers’ votes on whether to form a union at Amazon's Alabama fulfillment center, according to Reuters. The votes from…
Auto Industry Call for a “Comprehensive” EV Plan from Biden Administration
The US auto industry has urged President Joe Biden to back a “comprehensive plan” for electric vehicles, according to Reuters. The industry also calls for hefty government tax credits and…
Facebook to Launch ‘Safe” Instagram for Kids
Facebook is considering the development of an Instagram-like app for children under 13 to connect with family and peers in an ad-free environment, reports Wall Street Journal. The move would…
PayPal Delivers on the Promise to Allow Crypto Payments with a Checkout Service Launch
PayPal Holdings will enable its US-based customers to use their cryptocurrency holdings to pay millions of its online merchants globally, according to Reuters. The service will be available at all…
Clean Energy to Attract About $140 Trillion Investments by 2050-UBS
UBS projects that around $140 trillion of investment will be spent on the world energy supply decarbonization by 2050, reports CNBC. The analysts predicted while the energy transition might be…
Startup Lilium Considers an SPAC Deal with Company Founded by Ex-GM Executive
German Aviation start-up Lilium will go public through a merger with a special purpose company, Qell Acquisition Corp, according to CNBC. The post-merged entity will receive about $830 million, including…
10-Year Treasuries Jump to a 14-Month High on Economic Recovery Prospects
The U.S. 10-year Treasury yields climbed above 1.77% on Tuesday boosted by coronavirus vaccine rollouts and planned infrastructure spending. The yield on the benchmark 10-year Treasury note rose to 1.76%…
Boston Dynamics Revamps the Warehouse Sector with the “Stretch” Robot
US robotics company Boston Dynamics on Monday unveiled a new robot called Stretch, according to Reuters. The robot is designed to do a single warehousing job of moving boxes. Stretch…
Nomura Tumble: Archegos Fallout Spreads to Top Lenders as Credit Suisse
Credit Suisse Group AG and Nomura Holdings Inc. plunged more than 14% after being exposed to ‘significant’ losses, according to Bloomberg. The loss projections follow exposure to wrong-way bets by…
Container Ship Blocking Suez Canal is Partially Floated – Port Authority
Suez Canal Authority says the giant container ship blocking the Suez Canal was partially refloated on Monday, according to CNBC. The Ever Given ship has been corrected by 80% and…
Hwang’s Family Office Linked with Friday’s Stock Trading Frenzy
The family office of former Tiger Management trader Bill Hwang was reportedly responsible for sell-offs of some US stocks on Friday, according to Bloomberg. Archegos Capital Management was forced by…
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