Richard Branson’s Virgin Galactic Slips on Delayed Rocket Tests
Virgin Galactic Holdings Inc. fell by 9.2% to $53.95 in early trading after it delayed a test flight of the SpaceShipTwo Unity, according to Bloomberg. The test, set for Saturday,…
Germany Motor Vehicle Authority Says Tesla Must Recall 12,300 Model X Cars
Germany’s motor vehicle authority KBA said Tesla must recall about 12,300 Model X cars worldwide, according to Reuters. The recalls are due to car body moulding problems. KBA says there…
Nasdaq’s Crypto ETF Debuts on Bermuda Stock Exchange
Nasdaq Crypto Index ETF made its debut on the Bermuda Stock Exchange on Tuesday, according to The Block. The ETF will be available to a smaller pool of investors and…
Demand Surges, Shifts to Outsourcing. Here is why there is a Chip Shortage
Chips are projected to remain in short supply in the coming months as demand remains higher than ever, according to CNBC. The shortage started as the surge in demand for…
Commerzbank Incurs $3.3 Billion Q4 Loss on Restructuring Cost, Pandemic Impacts
German Commerzbank reported a net loss of 2.70 billion euros or $3.27 billion in Q4, up from a loss of 97 million euros a year earlier, according to the company’s…
Shell Yields to Climate Action Pressure, Vows to Eliminate Carbon by 2050
Energy giant Royal Dutch Shell plans to eliminate net carbon emissions by 2050, an improvement from the initial 65% target, according to Reuters. The company seeks to expand renewables and…
Climate Actions Could Cost Oil and Gas Economies $13 Trillion
At least 19 economies that depend on oil and gas exports are reportedly at risk of losing trillions of dollars by 2040 due to climate action initiatives, according to Bloomberg.…
Reddit Mania now on Cannabis Stocks, Tilray is up More than 25%
Tilray rose 25% on Wednesday, bringing total gains year to date to more than 530%, while shares of a handful of other cannabis stocks also surged. According to CNBC, the…
BTC Futures Open Interest Surges to $15 Billion as Registered ETH Contracts Hits $33M
Bitcoin futures open interest hit a new all-time high above $15 billion on Tuesday, according to Bitcoin.com. Recently launched ETH-based futures on Chicago Mercantile Exchange also recorded $33 million contracts…
Twitter is Considering Adding Bitcoin to its Balance Sheet
Twitter CFO Ned Segal said the social media giant may consider adding bitcoin to its balance sheet, according to The Block. Segal suggested that if Twitter employees and vendors ask…
Biden’s $1.9 Trillion Relief Package Wins 63% of Small Business Owners
63% of small business owners support the $1.9 trillion Covid stimulus package, according to CNBC. The percentage includes 46% of Republican small business owners who also support the legislative proposal.…
Thyssenkrupp Boosts Outlook on Recovery of its Steel Unit
German conglomerate Thyssenkrupp projects to nearly break even this fiscal year, up from expected low triple-digit million euro loss, according to the company’s press release. The raised outlook for the…
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