Senate proposes 25% tax credit for semiconductor manufacturing

Senate proposes 25% tax credit for semiconductor manufacturing
Added a minute ago
Summary: A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $MU
Cryptos: $UTED

Biden administration to spend $3.2 billion on antiviral pills for Covid

Biden administration to spend $3.2 billion on antiviral pills for Covid
Added an hour ago
Summary: The U.S. is investing $3.2 billion to advance the development of antiviral pills to treat Covid-19 and other viruses that have pandemic potential.
Sentiment: positive
4 minute read
1 people have read this
Stocks: $PFE

Lawmakers propose 25 percent tax credit to incentivize domestic chip production

Lawmakers propose 25 percent tax credit to incentivize domestic chip production
Added an hour ago
Summary: A group of bipartisan lawmakers on the Senate Finance Committee have introduced legislation that seeks to incentivize chipmakers to manufacture their silicon in the US..
Sentiment: positive
3 minute read
1 people have read this
Stocks: $MU$TISI
Cryptos: $UTED

Spain's Acciona seeks $11.6 billion valuation with renewables IPO

Spain's Acciona seeks $11.6 billion valuation with renewables IPO
Added an hour ago
Summary: Spain's Acciona said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe.
Sentiment: positive
3 minute read
1 people have read this

Delivery service Gopuff acquires rideOS for $115 million

Delivery service Gopuff acquires rideOS for $115 million
Added 2 hours ago
Summary: On-demand goods, food and alcohol delivery service Gopuff has acquired fleet management platform rideOS for $115 million, sources familiar with the deal say. This acquisition comes just a few months after the Philadelphia-based startup announced a $1.15 billion funding round at a $8.9 billion valua…
Sentiment: positive
4 minute read
1 people have read this
Stocks: $AAPL

Adobe beats Q2 expectations with growth across core clouds

Adobe beats Q2 expectations with growth across core clouds
Added 3 hours ago
Summary: Adobe beat top and bottom-line expectations for the quarter, with cash flows from operations hitting a record $1.99 billion.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $ADBE

Consultancy firm ThoughtWorks' parent company confidentially files for U.S. IPO

Consultancy firm ThoughtWorks' parent company confidentially files for U.S. IPO
Added 4 hours ago
Summary: Software consultancy company ThoughtWorks Inc said on Thursday its parent Turing Holding Corp had confidentially submitted paperwork for an initial public offering in the United States.
Sentiment: positive
2 minute read
1 people have read this
Stocks: $DAL

Spain's Acciona seeks $11.6 billion valuation with renewables IPO

Spain's Acciona seeks $11.6 billion valuation with renewables IPO
Added 4 hours ago
Summary: Spain's Acciona said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe.
Sentiment: positive
3 minute read
1 people have read this

The Booming Business of Telemedicine • CryptoMode

The Booming Business of Telemedicine • CryptoMode
Added 5 hours ago
Summary: How the business of telemedicine is showing promise to beat out the conventional means of healthcare - read more:
Sentiment: positive
2 minute read
1 people have read this

Taiwan signs USD1.75 billion weapons contract with US

Added 5 hours ago
Summary: Taiwan's Ministry of National Defense (MND) announced on 17 June that it has signed two contracts worth a combined USD1.75 billion with the American Institute in Taiwan...
Sentiment: positive
3 minute read
1 people have read this

US Democrats eye US$6 trillion plan on infrastructure, Medicare, immigration

US Democrats eye US$6 trillion plan on infrastructure, Medicare, immigration
Added 5 hours ago
Summary: Democrats are eyeing a US$6 trillion infrastructure investment plan that goes far beyond roads and bridges to include core party priorities.
Sentiment: positive
10 minute read
1 people have read this
Cryptos: $MAG

Stocks making the biggest moves after hours: Adobe, Fox, Carnival and more

Stocks making the biggest moves after hours: Adobe, Fox, Carnival and more
Added 5 hours ago
Summary: These stocks are posting the largest moves in after-hours trading.
Sentiment: positive
2 minute read
1 people have read this
Stocks: $ADBE$SWBI

Anduril raises $450M as the defense tech company's valuation soars to $4.6B

Anduril raises $450M as the defense tech company's valuation soars to $4.6B
Added 5 hours ago
Summary: The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values the startup at $4.6 billion just four years in. In April, reports suggested that the company was on the hunt for fresh investment and headed for a valuation between four…
Sentiment: positive
5 minute read
1 people have read this
Stocks: $FB$TWTR

‘It’s a tipping point’: Flood of COVID-19 vaccine donations buoys mood at WHO

‘It’s a tipping point’: Flood of COVID-19 vaccine donations buoys mood at WHO
Added 5 hours ago
Summary: Rich countries’ new commitments and increasing production capacity offer fresh hope of ending the pandemic
1 people have read this
Cryptos: $SRM$UTED

Just How Big a Deal is El Salvador Adopting Bitcoin?

Just How Big a Deal is El Salvador Adopting Bitcoin?
Added 5 hours ago
Summary: A little while ago I tweeted this https://twitter.com/mistermac15/status/1402720514934779906 So I asked on the LeoFinance Discord channel and got an answer from @edicted. The numbers from this article are old, so production from S17+s will probabl...
Sentiment: negative
2 minute read
1 people have read this
Stocks: $DNOW$TWTR

The U.S. Government Placed a Big Bet on an Antiviral Pill to Fight COVID-19

The U.S. Government Placed a Big Bet on an Antiviral Pill to Fight COVID-19
Added 5 hours ago
Summary: Antivirals work for other diseases; why not COVID-19?
Sentiment: positive
5 minute read
1 people have read this

US Announces $3.2 Billion Plan To Develop Covid Antiviral Treatments

US Announces $3.2 Billion Plan To Develop Covid Antiviral Treatments
Added 7 hours ago
Summary: US announced plans on Thursday to spend $3.2 billion to accelerate the development and discovery of antiviral treatments against Covid-19 and future threats.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $PFE
Cryptos: $UTED

"Incredibly Busy Summer" - US IPOs Hit Annual Record In Six Months

"Incredibly Busy Summer" - US IPOs Hit Annual Record In Six Months
Added 7 hours ago
Summary: ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW$MS
Cryptos: $RSV

Huobi Completes $138 M Token Burned and Ranked First Among Exchanges in Q1 Trading Volume | Bitcoinist.com

Huobi Completes $138 M Token Burned and Ranked First Among Exchanges in Q1 Trading Volume | Bitcoinist.com
Added 7 hours ago
Summary: Leading crypto exchange Huobi has revealed data from their latest Huobi Token burned. The platform confirmed that 5.826 million HT or around $138.579
Sentiment: positive
3 minute read
1 people have read this
Cryptos: $ETH$HT$NFT

Neo4j raises Neo$325M as graph-based data analysis takes hold in enterprise

Neo4j raises Neo$325M as graph-based data analysis takes hold in enterprise
Added 7 hours ago
Summary: Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack. Designers will pixel push, frontend engineers will add clicks to make it more difficult to drop out of a soporific Zoom call, but few companies are ever willing to rip o…
Sentiment: positive
8 minute read
1 people have read this

Biden administration to invest $3.2B for Covid-19 antiviral pills

Biden administration to invest $3.2B for Covid-19 antiviral pills
Added 8 hours ago
Summary: "Oral drugs that could be taken at home early in the course of disease would be powerful tools for battling the pandemic and saving lives,” Dr. Anthony Fauci said in a statement.
1 people have read this

Fed's Reverse Repo Soars To Stunning $756 Billion, Spikes By $230 Billion Overnight

Fed's Reverse Repo Soars To Stunning $756 Billion, Spikes By $230 Billion Overnight
Added 8 hours ago
Summary: ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sentiment: positive
4 minute read
1 people have read this
Stocks: $DNOW

Cash Is King at Australian Wealth Fund Eyeing Central Bank Pivot

Cash Is King at Australian Wealth Fund Eyeing Central Bank Pivot
Added 8 hours ago
Summary: Australia’s sovereign wealth fund is keeping billions in cash in a bid to be able to move quickly when markets get jittery over how central banks react to signs of brewing inflation.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $VIEW$DNOW
Cryptos: $RSV

Fintech Wise to pioneer direct listing in boost to London

Fintech Wise to pioneer direct listing in boost to London
Added 8 hours ago
Summary: Wise, the British financial technology firm previously known as TransferWise, said on Thursday it plans to go public with the first direct listing on London's main market.
Sentiment: positive
6 minute read
1 people have read this
Stocks: $BPOP$C$MS
Cryptos: $WISE$UTED

Biden’s Defense Budget Is a Big Win for Hypersonic Weapons Contractors

Biden’s Defense Budget Is a Big Win for Hypersonic Weapons Contractors
Added 8 hours ago
Summary: The fiscal year 2022 proposal includes $3.8 billion for the ultrafast weapons, but some arms control experts question their effectiveness.
Sentiment: positive
15 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $UTED

Danaher to buy Moderna supplier Aldevron for about $9.6 billion

Danaher to buy Moderna supplier Aldevron for about $9.6 billion
Added 9 hours ago
Summary: Medical equipment maker Danaher Corp said on Thursday it would buy privately held biotech company Aldevron in an all-cash deal for about $9.6 billion, snapping up a supplier to COVID-19 vaccine maker Moderna Inc.
Sentiment: positive
2 minute read
1 people have read this
Stocks: $MRNA$MS
Cryptos: $UTED

Shiba Inu (SHIB) Runs For an Uphill Walk Again – CoinSpectator

Added 9 hours ago
Sentiment: positive
2 minute read
1 people have read this
Stocks: $BPOP$DNOW
Cryptos: $DOGE$MEME

Talk about fiasco! VDL's hapless bid to woo EU nations torn apart – Varoufakis erupts

Talk about fiasco! VDL's hapless bid to woo EU nations torn apart – Varoufakis erupts
Added 9 hours ago
Summary: YANIS VAROUFAKIS launched a scathing attack on Ursula von der Leyen claiming the Commission chief should have been fired over her mistakes during the pandemic.
Sentiment: negative
6 minute read
1 people have read this
Stocks: $DNOW$EXPR

The Race Is On: GM Announces $35 Billion EV Investment A Month After Ford Boosts Spending

The Race Is On: GM Announces $35 Billion EV Investment A Month After Ford Boosts Spending
Added 9 hours ago
Summary: ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $UTED

EIA reports a weekly increase in U.S. natural-gas supplies, but data include a 'reclassification' of stocks

EIA reports a weekly increase in U.S. natural-gas supplies, but data include a 'reclassification' of stocks
Added 11 hours ago
Summary: The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 16 billion cubic feet for the week ended June...
Sentiment: positive
2 minute read
1 people have read this
Stocks: $DNOW$SPGI

Novavax And Lowe’s Among Today’s Trending Stocks

Novavax And Lowe’s Among Today’s Trending Stocks
Added 11 hours ago
Summary: Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Novavax and Lowe's among others.
Sentiment: positive
13 minute read
1 people have read this
Cryptos: $RSV$UTED$XMM

JPMorgan is buying UK robo-advisor Nutmeg to boost overseas retail banking expansion

JPMorgan is buying UK robo-advisor Nutmeg to boost overseas retail banking expansion
Added 12 hours ago
Summary: Nutmeg is one of the U.K.'s biggest robo-advisors, with assets under management of over £3.5 billion.
Sentiment: positive
5 minute read
1 people have read this
Stocks: $GOOGL$MS
Cryptos: $UTED

TikTok Owner ByteDance Reveals that Its Annual Revenue Soars to $34.3B in 2020

TikTok Owner ByteDance Reveals that Its Annual Revenue Soars to $34.3B in 2020
Added 12 hours ago
Summary: ByteDance, TikTok's owner, revealed that its last year's sales brought $34.3B, which is two times more than the previous year's revenue.
Sentiment: positive
5 minute read
1 people have read this

Skelton: California state budget is more than a placeholder - Los Angeles Times

Skelton: California state budget is more than a placeholder - Los Angeles Times
Added 12 hours ago
Summary: If California legislators didn't pass a budget by their June 15 constitutional deadline, by law their pay would be withheld. But there's a lot in the plan and it's not just a placeholder, columnist George Skelton writes.
Sentiment: positive
8 minute read
1 people have read this

Apple's Shazam Music Discovery Service Surpasses 1 Billion Shazams Per Month

Apple's Shazam Music Discovery Service Surpasses 1 Billion Shazams Per Month
Added 12 hours ago
Summary: Popular Apple-owned music discovery app and service Shazam is celebrating a new milestone today, surpassing more than 1 billion Shazams per month and...
Sentiment: positive
3 minute read
1 people have read this

Kroger lifts annual forecasts as online grocery investments click

Kroger lifts annual forecasts as online grocery investments click
Added 12 hours ago
Summary: Kroger Co raised its forecast for annual profit on Thursday, betting that its quick pickup and delivery services will encourage consumers to order groceries online even as they begin dining out again.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $AMZN$WMT

Kroger raises full year guidance, announces $1 billion share buyback program

Kroger raises full year guidance, announces $1 billion share buyback program
Added 12 hours ago
Summary: Kroger Co. undefined reported first-quarter net income totaling $140 million, or 18 cents per share, down from $1.212 billion, or $1.52 per share, last year....
Sentiment: positive
2 minute read
1 people have read this

Over a billion records belonging to CVS Health exposed online

Over a billion records belonging to CVS Health exposed online
Added 12 hours ago
Summary: The exposure is another example of misconfiguration that can impact security.
Sentiment: negative
5 minute read
1 people have read this
Stocks: $TISI

Cristiano Ronaldo, Coke Stock, and the Increasingly Unmoored Nature of Reality

Cristiano Ronaldo, Coke Stock, and the Increasingly Unmoored Nature of Reality
Added 13 hours ago
Summary: Cristiano Ronaldo shaved $4 billion off of Coke's stock. Or did he? Does it matter?
1 people have read this
Stocks: $TSLA

MicroStrategy Has Been On A Relentless Bitcoin Buying Spree, But Are They Really On The Right Track?

MicroStrategy Has Been On A Relentless Bitcoin Buying Spree, But Are They Really On The Right Track?
Added 13 hours ago
Summary: Business Intelligence software firm MicroStrategy has announced plans to purchase even more Bitcoin, a move that has brought the firm under
Sentiment: positive
4 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $BTC

Wise Fintech to Go Public via Direct Listing on London Stock Exchange

Wise Fintech to Go Public via Direct Listing on London Stock Exchange
Added 13 hours ago
Summary: British fintech Wise, formerly TransferWise, announced Thursday its plans to go public via a direct listing on the London Stock Exchange.
Sentiment: positive
4 minute read
1 people have read this
Stocks: $C$MS
Cryptos: $BTC$WISE

Bank Watchdog in Canada Signals Confidence With Capital Boost

Bank Watchdog in Canada Signals Confidence With Capital Boost
Added 13 hours ago
Summary: Canada’s banking regulator raised a key capital requirement for large domestic banks, a signal that it considers the economic risks of the Covid-19 pandemic to have largely subsided.
Sentiment: negative
4 minute read
1 people have read this
Stocks: $FISI
Cryptos: $RSV

KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion

KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
Added 13 hours ago
Summary: KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.
Sentiment: positive
3 minute read
1 people have read this

JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K.

JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K.
Added 13 hours ago
Summary: The U.S. lender is entering a crowded digital banking marketplace in the U.K., having agreed to purchase digital wealth manager Nutmeg.
Sentiment: positive
2 minute read
2 people have read this

Floating-Rate Bonds Are Coming Back, Boosted by Bets on Rising Rates

Floating-Rate Bonds Are Coming Back, Boosted by Bets on Rising Rates
Added 13 hours ago
Summary: Investors preparing for the Federal Reserve to boost rates are loading up on bonds with yields that track broader interest rates.
Sentiment: positive
2 minute read
1 people have read this
Cryptos: $RSV

Didi’s red-hot IPO is seeing the shadow of Chinese antitrust scrutiny

Didi’s red-hot IPO is seeing the shadow of Chinese antitrust scrutiny
Added 13 hours ago
Summary: Sometimes it feels like Beijing is always at odds with its tech champions.
Sentiment: positive
6 minute read
1 people have read this
Stocks: $BMBL$DNOW

After Blowing $300 Billion, U.S. Shale Is Finally Making Money

After Blowing $300 Billion, U.S. Shale Is Finally Making Money
Added 13 hours ago
Summary: Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, and the stock plunged 84% from a peak in 2014 through the end of last year.
Sentiment: positive
8 minute read
1 people have read this
Stocks: $DNOW$EOG

EU endorses massive pandemic relief for recession-hit Greece

EU endorses massive pandemic relief for recession-hit Greece
Added 13 hours ago
Summary: The European Union has endorsed a pandemic recovery plan for Greece worth 30.5 billion euros ($36.4 billion), providing vital relief for the eurozone member’s shaken economy
Sentiment: positive
5 minute read
1 people have read this
Stocks: $TWTR

Jazz updates 2021 guidance after closing acquisition of GW Pharmaceuticals

Jazz updates 2021 guidance after closing acquisition of GW Pharmaceuticals
Added 14 hours ago
Summary: Jazz Pharmaceuticals Plc undefined updated its guidance for 2021 to reflect its acquisition of GW Pharmaceuticals Inc., which closed in early May. Jazz now...
1 minute read
1 people have read this
Stocks: $DNOW

Digital payments app Wise to list on London Stock Exchange with potential £5 billion valuation

Digital payments app Wise to list on London Stock Exchange with potential £5 billion valuation
Added 14 hours ago
Summary: Wise released a statement of its intention to float on the London Stock Exchange earlier today. This direct listing would be a feather in the cap of the UK, which has already expressed a firm desire to become a major hub in this sector.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $WISE

U.K. Fintech Wise to Go Public in London Direct Listing

U.K. Fintech Wise to Go Public in London Direct Listing
Added 14 hours ago
Summary: The online money-transfer service kicked off plans to list on the London Stock Exchange, taking advantage of surging investor interest in financial technology companies.
Sentiment: negative
2 minute read
1 people have read this
Cryptos: $WISE

Mister Car Wash sets IPO terms that values the carwash chain at about $5 billion

Mister Car Wash sets IPO terms that values the carwash chain at about $5 billion
Added 14 hours ago
Summary: Mister Car Wash Inc. undefined has set terms of its initial public offering, which would value the Arizona-based carwash chain at up to $5.03 billion. The...
Sentiment: positive
2 minute read
1 people have read this
Stocks: $MS

Americans gave a record $471 billion to charity in 2020

Americans gave a record $471 billion to charity in 2020
Added 14 hours ago
Summary: The pandemic, job losses, and racial justice drove an increase in charitable giving from the previous year, despite the economic effects of COVID-19.
Sentiment: positive
4 minute read
1 people have read this
Stocks: $FISI
Cryptos: $STRONG$UTED

Indian Billionaire Loses More Money This Week Than Anyone Else in the World

Indian Billionaire Loses More Money This Week Than Anyone Else in the World
Added 15 hours ago
Summary: Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks.
Sentiment: positive
6 minute read
2 people have read this
Stocks: $MSCI
Cryptos: $GAS

Forget Hard Fork. What Happens After Keep and NuCypher 'Hard Merge'?

Forget Hard Fork. What Happens After Keep and NuCypher 'Hard Merge'?
Added 15 hours ago
Summary: What do you get when you mix KEEP and NU? KEANU. Whoa.
1 people have read this
Stocks: $DNOW

BoC Governor Says Complete Recovery to Take Time

BoC Governor Says Complete Recovery to Take Time
Added 15 hours ago
Summary: Financial markets, credit flow restored; BoC shifts focus on monetary policy stimulus and achieving 2% inflation target.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW

Binance Smart Chain poses serious competition to Ethereum: DataDash

Binance Smart Chain poses serious competition to Ethereum: DataDash
Added 15 hours ago
Summary: Binance Smart Chain poses serious competition to Ethereum, DataDash says, but it has some serious drawbacks including its centralization.
Sentiment: positive
5 minute read
1 people have read this
Stocks: $BPOP$DNOW

TikTok owner ByteDance's revenue surged 111% in 2020, records 1.9 billion users

TikTok owner ByteDance's revenue surged 111% in 2020, records 1.9 billion users
Added 15 hours ago
Summary: ByteDance's revenue for 2020 totaled $34.3 billion, up 111% year-on-year, but its operating loss was $2.1 billion.
Sentiment: positive
2 minute read
2 people have read this
Stocks: $BPOP

India’s exports & imports continue to boom in post-Covid economic recovery

India’s exports & imports continue to boom in post-Covid economic recovery
Added 19 hours ago
Summary: India’s exports & imports continue to boom in post-Covid economic recovery
1 people have read this
Cryptos: $DAILY

Insight-Backed WalkMe Falls in Debut after $287 Million IPO

Insight-Backed WalkMe Falls in Debut after $287 Million IPO
Added 19 hours ago
Summary: Digital platform provider WalkMe Ltd. fell 7.1% in its trading debut after a $287 million initial public offering.
3 minute read
1 people have read this
Stocks: $NDAQ$C$MS

Xi picks Vice Premier Liu He to oversee China's chipmaking push - Bloomberg

Xi picks Vice Premier Liu He to oversee China's chipmaking push - Bloomberg
Added 20 hours ago
Summary: Vice Premier Liu He, China's economic czar, has been tapped to spearhead the development of so-called third-generation chip production and lead the...
Sentiment: positive
3 minute read
1 people have read this
Stocks: $PINC

ByteDance founder tells staff he's shifting away from CEO's daily work -sources

ByteDance founder tells staff he's shifting away from CEO's daily work -sources
Added 20 hours ago
Summary: ByteDance founder Zhang Yiming told staff on Thursday that he's already shifting away from chief executive's daily responsibilities and his work pace is less intense, according to two people who attended the meeting.
Sentiment: negative
3 minute read
1 people have read this

ByteDance founder tells staff he's shifting away from CEO's daily work -sources

ByteDance founder tells staff he's shifting away from CEO's daily work -sources
Added 20 hours ago
Summary: ByteDance founder tells staff he's shifting away from CEO's daily work -sources
Sentiment: negative
3 minute read
1 people have read this
Cryptos: $FSN

WSJ News Exclusive | TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion

WSJ News Exclusive | TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion
Added 20 hours ago
Summary: ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff.
Sentiment: positive
7 minute read
1 people have read this

Private Equity is Raising Dividend-Linked Debt Like It’s 2007

Private Equity is Raising Dividend-Linked Debt Like It’s 2007
Added 20 hours ago
Summary: Europe’s private equity patrons are piling debt onto the books of their companies to support dividend payouts, a move which could threaten these firms’ prospects when the fiscal and monetary stimulus of the pandemic era starts to wind down.
Sentiment: negative
7 minute read
1 people have read this
Stocks: $BLK$SPGI

Russia’s agricultural exports could top $30 BILLION this year

Russia’s agricultural exports could top $30 BILLION this year
Added 20 hours ago
Summary: Russia’s agricultural exports could top $30 BILLION this year
1 people have read this

TikTok owner ByteDance's 2020 revenue soars, net loss at $45 billion - memo

TikTok owner ByteDance's 2020 revenue soars, net loss at $45 billion - memo
Added 20 hours ago
Summary: BEIJING -TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by Reuters.
1 people have read this

Blackstone to buy out office developer SOHO China in $3 bln deal

Blackstone to buy out office developer SOHO China in $3 bln deal
Added 21 hours ago
Summary: Blackstone Group Inc (BX.N) will take control of SOHO China Ltd (0410.HK) in a HK$23.7 billion ($3.05 billion) deal and maintain its stock market listing, the Chinese office developer said in a filing on Wednesday, while the founders will retain a 9% stake.
1 people have read this
Stocks: $TISI

TikTok owner ByteDance’s anual revenue jumps to $34.3 Billion

TikTok owner ByteDance’s anual revenue jumps to $34.3 Billion
Added 21 hours ago
Summary: ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.
Sentiment: negative
3 minute read
1 people have read this
Stocks: $BPOP

Philippine Tycoon Andrew Tan’s Megaworld Seeks $565.5 Million From Call Center REIT Listing

Philippine Tycoon Andrew Tan’s Megaworld Seeks $565.5 Million From Call Center REIT Listing
Added 21 hours ago
Summary: Megaworld—the developer controlled by billionaire Andrew Tan—is spinning off some of its office properties into a real estate investment trust that would raise 27.3 billion pesos ($565.5 million) from an initial public offering, joining the IPO bandwagon of other real estate tycoons.
1 people have read this
Stocks: $DNOW

GM increases its self-driving and EV investment to $35 billion

GM increases its self-driving and EV investment to $35 billion
Added 21 hours ago
Summary: GM has increased the money it's earmarking for its combined EV and self-driving investment from 2020 through 2025 to $35 billion..
Sentiment: positive
3 minute read
1 people have read this

Philippine Airlines parent posts record loss, readies restructuring plan

Philippine Airlines parent posts record loss, readies restructuring plan
Added 21 hours ago
Summary: MANILA - The parent company of Philippine Airlines' booked a record 73 billion pesos ($1.51 billion) loss in 2020, up seven fold from a year earlier, after the COVID-19 pandemic lashed the global aviation sector.
Sentiment: positive
3 minute read
1 people have read this

KLM will resume most routes this year as vaccine rollouts boost travel, CEO says

KLM will resume most routes this year as vaccine rollouts boost travel, CEO says
Added a day ago
Summary: Dutch airline KLM plans to reinstate almost all of its international routes this year as vaccine rollouts offer hopes of reviving the travel industry.
Sentiment: positive
2 minute read
1 people have read this
Cryptos: $VINCI

Britain's Treasury gets 1 billion stg windfall from repaid furlough cash -FT

Britain's Treasury gets 1 billion stg windfall from repaid furlough cash -FT
Added a day ago
Summary: British companies have returned more than 1 billion pounds ($1.40 billion) of furlough cash as investors press managements to repay taxpayer funds taken during the COVID-19 pandemic before paying big bonuses, the Financial Times said on Thursday.
Sentiment: positive
1 minute read
1 people have read this

Record Stimulus Helps Indian Firms Boost Financial Health

Record Stimulus Helps Indian Firms Boost Financial Health
Added a day ago
Summary: Unprecedented stimulus spending is leading to some early signs of recovery in the financial health of Indian companies after a tragic second wave of Covid-19.
1 people have read this
Stocks: $SPGI
Cryptos: $STRONG

Huarong Puts Multiple Units On Sale in Major Downsizing Push

Huarong Puts Multiple Units On Sale in Major Downsizing Push
Added a day ago
Summary: China Huarong Asset Management Co. is ramping up efforts to sell nearly all its local units outside of distressed debt, part of a government-approved downsizing plan to bolster the embattled conglomerate’s finances.
Sentiment: positive
7 minute read
1 people have read this
Cryptos: $SAFE

Regulation pressure hits cryptos as bitcoin slips to $39,104 - Pakistan Observer

Regulation pressure hits cryptos as bitcoin slips to $39,104 - Pakistan Observer
Added a day ago
Summary: Regulation pressure hits cryptos as bitcoin slips to $39,104: The major cryptocurrencies went down amid increasing global pressure for regulations and the market
Sentiment: positive
2 minute read
1 people have read this
Cryptos: $XRP$ADA

Billionaire Richard Li’s FWD Files For $3 Billion IPO In U.S.

Billionaire Richard Li’s FWD Files For $3 Billion IPO In U.S.
Added a day ago
Summary: FWD, the Asian insurer backed by Hong Kong billionaire Richard Li, has filed confidentially for an initial public offering in the U.S.
Sentiment: positive
2 minute read
1 people have read this

Ant Inching Closer to IPO as Valuation Drops 60%, Bernstein Says

Ant Inching Closer to IPO as Valuation Drops 60%, Bernstein Says
Added a day ago
Summary: Ant Group Co. could list its shares by the end of this year though the Chinese fintech giant faces a 60% slash in valuation, according to a report from Sanford C. Bernstein & Co.
Sentiment: positive
3 minute read
1 people have read this

China NDRC approves 5 fixed-asset investment projects worth $11.7 bln in May

China NDRC approves 5 fixed-asset investment projects worth $11.7 bln in May
Added a day ago
Summary: China's state planner said on Thursday that it approved five fixed-asset investment projects worth 74.9 billion yuan ($11.7 billion) in May.
1 people have read this

Britain's Treasury gets 1 billion stg windfall from repaid furlough cash -FT

Britain's Treasury gets 1 billion stg windfall from repaid furlough cash -FT
Added a day ago
Summary: Britain's Treasury gets 1 billion stg windfall from repaid furlough cash -FT
Sentiment: positive
1 minute read
1 people have read this
Cryptos: $FSN

MAS, Fed extend US$60 billion currency swap facility through Dec 31

MAS, Fed extend US$60 billion currency swap facility through Dec 31
Added a day ago
Summary: SINGAPORE: Singapore's central bank said on Thursday (Jun 17) it has extended a US$60 billion swap arrangement with the US Federal Reserve through ...
Sentiment: positive
4 minute read
1 people have read this
Stocks: $FISI$VIEW
Cryptos: $RSV

Philippine Air’s Parent Posts Record Loss on Pandemic Curbs

Philippine Air’s Parent Posts Record Loss on Pandemic Curbs
Added a day ago
Summary: Philippine Airlines Inc.’s parent company posted a record loss last year, reflecting the “extraordinary” impact of the coronavirus pandemic on the carrier.
Sentiment: negative
3 minute read
1 people have read this
Cryptos: $RAISE

Benchmark-backed Confluent aims for $8 billion valuation in U.S. IPO

Benchmark-backed Confluent aims for $8 billion valuation in U.S. IPO
Added a day ago
Summary: Confluent Inc is aiming for a valuation of about $8.3 billion in a U.S. initial public offering, cashing in on a surge in demand for live-streaming software as companies move online due to the COVID-19 pandemic.
Sentiment: positive
3 minute read
1 people have read this

Forget Hard Fork. What Happens After Keep and NuCypher 'Hard Merge'?

Forget Hard Fork. What Happens After Keep and NuCypher 'Hard Merge'?
Added a day ago
Summary: What do you get when you mix KEEP and NU? KEANU. Whoa.
1 people have read this
Stocks: $DNOW

Forget Hard Fork. What Happens After Keep and NuCypher ‘Hard Merge’? – CoinSpectator

Added a day ago
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW

S.Korea central bank, Fed extend currency swap line for three months to Dec 31

S.Korea central bank, Fed extend currency swap line for three months to Dec 31
Added a day ago
Summary: South Korea's central bank on Thursday said it has agreed to renew an existing currency swap agreement with the U.S. Federal Reserve for another three months to at least Dec. 31, 2021.
Sentiment: positive
1 minute read
1 people have read this
Cryptos: $RSV

UN chief: Desertification and drought destabilizing well-being of 3.2 billion people

UN chief: Desertification and drought destabilizing well-being of 3.2 billion people
Added a day ago
Summary: Land degradation from climate change and the expansion of agriculture, cities and infrastructure “undermines the well-being of 3.2 billion people”, the UN chief said on Wednesday in his message for World Day to Combat Desertification and Drought.
Sentiment: positive
6 minute read
1 people have read this
Stocks: $DNOW

Hedge Funds Push Deeper Into Private Equity’s Turf in Asia

Hedge Funds Push Deeper Into Private Equity’s Turf in Asia
Added a day ago
Summary: Asian hedge fund firms are pouring hundreds of millions of dollars into private investments as they seek higher returns, muscling into an area that has long been the preserve of private equity and venture capital.
Sentiment: positive
7 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $XMY

Chinese investment in Europe hit a 10-year low in 2020

Chinese investment in Europe hit a 10-year low in 2020
Added a day ago
Summary: A new report on FDI from China shows that Chinese investors have completed fewer M&A transactions in Europe every years since 2016. Covid-19 has accelerated the trend.
Sentiment: positive
5 minute read
1 people have read this
Stocks: $DNOW

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza
Added a day ago
Summary: PARIS - French President Emmanuel Macron called out on Wednesday what he described as excesses of liquidity in the U.S. and Chinese financial markets, some of which he said could instead foster the growth of tech companies in Europe.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $UTED

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza
Added a day ago
Summary: French President Emmanuel Macron called out on Wednesday what he described as excesses of liquidity in the U.S. and Chinese financial markets, some of which he said could instead foster the growth of tech companies in Europe.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $DNOW
Cryptos: $UTED

Wall Street Expects Fee Bonanza As $1 Trillion In Mutual Funds Become ETFs

Wall Street Expects Fee Bonanza As $1 Trillion In Mutual Funds Become ETFs
Added a day ago
Summary: ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sentiment: positive
5 minute read
1 people have read this
Stocks: $MORN$C$DNOW

Jeff Bezos’s Ex-Wife MacKenzie Scott Has Donated $8 Billion Since 2020

Jeff Bezos’s Ex-Wife MacKenzie Scott Has Donated $8 Billion Since 2020
Added a day ago
Summary: The ex-wife of Jeff Bezos has given away more than $8 billion in the past 12 months.
1 people have read this
Stocks: $TISI
Cryptos: $MDM

GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second half

GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second half
Added a day ago
Summary: The increased costs include a greater-than-expected impact from the parts shortage as well as rising commodity inflation costs of up to $2 billion.
2 minute read
1 people have read this
Stocks: $DNOW

Macron wants Europe to have 10 tech giants worth €100 billion by 2030

Macron wants Europe to have 10 tech giants worth €100 billion by 2030
Added a day ago
Summary: French President Emmanuel Macron announced the objective of having “10 companies worth €100 billion by 2030” on Tuesday (15 June) after he received the "Scale-Up Europe" collective on Tuesday (15 June), which presented him with its recommendations to encourage the emergence of digital giants in Europe.
Sentiment: positive
6 minute read
1 people have read this
Stocks: $V

Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs

Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs
Added a day ago
Summary: Brazilian President Jair Bolsonaro announced the increase during a TV interview Tuesday.
Sentiment: positive
5 minute read
1 people have read this

Oracle’s Cloud Bill Is Finally Coming Due

Oracle’s Cloud Bill Is Finally Coming Due
Added a day ago
Summary: The software giant plans to double capital expenditures in a very expensive race to provide cloud computing.
Sentiment: positive
3 minute read
1 people have read this
Stocks: $VIEW

Crypto Lode of $100 Billion Stirs U.S. Worry Over Hidden Danger

Crypto Lode of $100 Billion Stirs U.S. Worry Over Hidden Danger
Added a day ago
Summary: Regulators are worried about hidden risks to investors and even the financial system stemming from a fast-growing corner of the crypto market meant to be immune from volatility.
Sentiment: negative
10 minute read
1 people have read this
Stocks: $DNOW$TWTR
Cryptos: $USDT$RSV

G.M. to Boost Electric Vehicle Spending, Build Battery Plants

G.M. to Boost Electric Vehicle Spending, Build Battery Plants
Added a day ago
Summary: General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
Sentiment: positive
2 minute read
1 people have read this
Stocks: $TSLA$DNOW
Cryptos: $UTED