News

Baidu partners with BAIC Group, a state-owned manufacturing firm to design and build 1,000 driverless cars in three years, according to a report by CNBC News on Thursday. Baidu has...

Billionaire investor Gautam Adani’s personal fortunes shrank by about $9 billion following questions about three of his offshore accounts, according to Bloomberg. Media reports on Monday said that Indian authorities...

Asset management firm Ark Invest snatched $42 million worth of shares of sports betting operator DraftKings Inc. on Tuesday, MarketWatch reported. The transactions were made through the ARK Innovation ETF...

Indonesia’s central bank will not allow digital currencies as a form of payment, according to Beincrypto. Central Bank Governor Perry Warjiyo said cryptos would not be permitted for “other financial...

New York manufacturing posted a drop for the second straight month in June, according to data released by the regional Fed bank on Tuesday. The general business conditions index slipped...

Spending by US consumers fell by 1.3% in May as shoppers shifted from pandemic-led goods to services, according to WSJ. On-demand goods such as electronics, furniture, autos, and building materials...

Shares of movie chain operator AMC Entertainment Holdings Inc. climbed another 15% on Tuesday as retail investors jumped on #AMCDay, according to MarketWatch. AMC stocks surged 15.4% to close Monday...

On 6th June, bitcoin shorts increased significantly as the price of bitcoin recorded some recovery from $32,000 to $35,000, according to the data reported by Trustnodes on Monday. Bitfinex noted...

The price of Bitcoin soared to the $40,000 level on Sunday after Tesla Chief Executive Elon Musk hinted on accepting the digital token for payments again, CNBC reported. Bitcoin gained...

Customers with state-chartered banks in Texas will access custody services for virtual currencies in a new announcement by the Department of Banking. The authorized banks will need to have sufficient...

American pet food retailer Chewy Inc. rebounded in the first quarter from the loss incurred the same period last year, the company reported in a statement on Friday. Net income...

NatWest Markets strategist John Briggs has backed Fed claims that the uptick in inflation is temporary, CNBC reports. Comments by Briggs come when consumer price index jumped 5% year over...