ARK Investment’s New Space ETF Could Come as Soon as Next Week
ARK Investment Management is going to roll out new space ETF next week, based on ARKX’s SEC filling. Cathie Wood's firm filed for the fund on January 13. Based on…
U.S. Fourth Quarter Real GDP Revised Upward To 4.3%; Full-Year Contraction Kept at 3.5%
The United States' real gross domestic product (GDP) was revised higher to 4.3% in the fourth quarter of 2020, according to the third estimate of the Bureau of Economic Analysis.The…
Index of U.S.-Listed Chinese Stocks Falls Into Bear Territory
An index of U.S.-traded Chinese stocks fell into bear territory, dragged by fresh concerns over companies removed from American exchanges. The S&P/BNY Mellon China Select ADR Index slipped 6.4% Wednesday,…
Oil Plunges on Fresh Covid Restrictions in Europe amid Disruptions along Suez Canal
Brent crude fell 1.7% or $1.10 to $63.31 a barrel at 0923 GMT as new round of coronavirus restrictions in Europe revived worries about demand for oil products. U.S. West…
Here is What You Need to Know about the Giant Ship Blocking the Suez Canal
Tug boats and excavators are trying to free the 224,000-ton boat, which got stuck during a dust storm at the Suez Canal on Tuesday morning, according to Lloyds list. The…
Pot Legalization in N.Y Gets Underway as Legislators Strike Deal
New York is ready to legalize recreational marijuana after an agreement between Governor Andrew Cuomo and legislative leaders, according to Bloomberg. The deal would legalize cannabis use for adults 21…
Tencent Releases Q4, FY20 Results. Revenues Grew 26% Year over Year
Tencent recorded revenues of RMB 133,669 million or $20,486 million in Q4 2020, up 26% from Q4 2019, according to the company’s press release. The revenue was largely helped by…
Eurozone Economy Defies Expectations to Record Growth for First Time in 6 Months
Eurozone’s PMI Composite Output Index hit a 8-month high of 52.5 in March, up from 48.8 in February, according to IHS Markit press release. The index signals a return to…
North American Semiconductor Equipment Industry Posts a Record $3.14 Billion Billings
Global billings by the North America-based semiconductor equipment manufacturers hit a record $3.14 billion in February 2021, according to press release. The figure is 3.2% higher than January’s billings of…
Shipping Along Suez Canal to Resume after Giant Container Stuck is Refloated – Port Agent
Traffic along the Suez Canal is expected to resume soon as the giant container blocking it has been partially refloated, APNews reports. The 400-metre, 224,000-tonne Ever Given container ship was…
Chip Supply Issues Force Automakers to Scale Back Operations
World’s major automakers are suspending operations in Asia, Europe, and North America on persistent shortage of semiconductors, according to Bloomberg. The shortages were worsened by fire at a key chip-producing…
UK Private Sector Moves from the Contraction Zone as Service Activity Picks Steam
U.K Composite Output Index rose to a 7-month high of 56.6 in March, up sharply from 49.6 in February, according to IHS Markit press release. The index signaled a strong…
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