U.S retail sales fell 1.1% in November, a second consecutive month, dimming hopes of economic recovery from the pandemic recession, according to CNBC. Retail sales were weighed down by restrictions…
Bitcoin rose as much as 7% on Wednesday to set a new record high of $20,787 as the digital coin continues to catch the eye of Wall Street firms. Bitcoin…
Australia will challenge China at the World Trade Organization over Beijing’s imposition of hefty tariffs of its barley exports, according to Bloomberg. Trade Minister Simon Birmingham said, on Wednesday, the…
A Bank of America survey showed a record 87% of fund managers expect long-term higher Treasury yields, Reuters reports. Another 76% see a steeper yield curve. The higher yields reflect…
The U.S. Food and Drug Administration said on Tuesday, the experimental vaccine from Moderna is 94.1% effective in preventing symptomatic COVID-19, FDA reports. The vaccine was found effective across racial…
Amazon, Apple, Facebook, and Google face hefty fines of between 6-10% under a draft EU law that seeks to curb their power in data and online platforms, reports Reuters. The…
Apple plans to produce about 96 million iPhones for the first half of 2021, a 30% year-on-year increase, according to NIKKEI Asia. The company is also planning an aggressive production…
The U.S. lawmakers will this week try to end the impasse over federal budget priorities and coronavirus aid ahead of friday midnight deadline, Reuters reports. The House is yet to…
Apple has dispatched teams to investigate if its Taiwanese contractor Wistron Corporation flouted supplier guidelines at an iPhone manufacturing facility near the Indian city of Bangalore, reports SCMP. The move…
China stocks hitting 5-month lows followed by news of potential no-deal Brexit. Rolls-Royce retained its 2021 guidance. Nio issuing 60 million shares and Disney announcements of Disney+ offerings. What were…
Disney, on Thursday, made impressive Disney+ announcements with over 100 movies and shows connected to franchises like Star Wars, Marvel, FX, and National Geographic, reports CNBC. The company also plans…
Nio's stock traded 5.55% lower at $42.71 in premarket on Friday after it announced on Thursday evening an offering of 60 million ADSs of Class A ordinary shares, according to…