ETH Gains Ally in U.K. Parliament Member — Tom Tugendhat
Foreign Affairs Committee Chairman Tom Tugendhat said he was bullish on Ether rather than Bitcoin, which is currently the top digital coin across the globe. Tugendhat, in a speech, said...
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U.S. Treasury Wants to Set a 15% Floor for Global Corporate Tax Rate
Global corporate tax rates should have a bottom line of 15% be pushed higher moving forward, the United States Treasury proposed in a statement. The Treasury said the 15% rate...
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Oatly Group Prices IPO At Top End Of Range To Hit $10 Billion Valuation
Celebrity-backed oat-milk maker Oatly Group AB priced its initial public offering at the top end of its range to bring the company's valuation to $10 billion, the WSJ reported. Oatly...
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Why Hedge Funds Are Pouring More Funds Into Private Companies
Hedge funds are putting in more money in private companies as profits grow rapidly and more firms are going public, the WSJ reported. Schulte Roth & Zabel LLP Partner Jason...
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Ban On American Investments In Chinese Military-Linked Firms Pushed Back For Two Weeks
The United States has pushed back the ban on trading of stocks supposedly tied to the Chinese military, CNBC reported. The Treasury said the ban was postponed for two weeks...
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Fidelity Investments To Draw In U.S. Youth Investors With Zero Fees
Brokerage firm Fidelity Investments Inc. will allow American teens to trade stocks without account fees or commissions as part of a new service, the WSJ reported. The new service will...
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Economic Recovery Hopes Drive Banks Stocks Higher
Bank stocks are poised to hit a record year compared with the S&P 500 as investors are betting on the economic recovery to drive prices higher, the WSJ reported. The...
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‘Big Short’ Investor Michael Burry Bets Bearish Against Tesla
Burry's Scion Asset Management ended March with bearish puts against 800,100 Tesla shares, Bloomberg reported. Valued at $534 million, the puts give Scion the right to sell the carmaker shares...
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The Drivers And Downers Of Crypto And Where The Space May Be Headed
Cryptocurrencies have recently soared to record highs but the road ahead may prove to be challenging, the WSJ reported. Industry watchers say cryptocurrencies need to pick up steam as payment...
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JD Logistics Goes For One Of Hong Kong’s Biggest IPOs This Year
The logistics unit of JD.com Inc. seeks to generate as much as $3.4 billion from what could be among Hong Kong's biggest initial public offerings (IPOs) this year, Reuters reported....
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DoorDash Stock Ticks Higher on Upgraded Outlook Despite Wider-than-Expected Loss
DoorDash gained more than 6% on Thursday after a loss per share of $0.34, more than expected loss per share of $0.26, according to the company’s press release. The share...
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JPMorgan Links Slow Population Growth to Low Interest Rates
JPMorgan expects a slowing growth in global population to lead to low interest rates, according to CNBC. Statistics are pressing down on interest rates as old people save for retirement...
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