Microsoft To Retire Azure Blockchain In September. Quorum Recommended As Alternative
American tech firm Microsoft Corp. has urged users to migrate their data to an alternative service as its Azure Blockchain will retire on September 10, the company announced in a...
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Xpeng Posts Triple-Digit Sales Growth As Deliveries Hit Record High
Chinese smart electric vehicle maker Xpeng Inc. saw revenues climb by 616.1% in the first three months after posting record deliveries during the period, according to press release. Total revenues...
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Why Stocks May Be Poised For Massive Gains
The big variations seen recently in two indexes is a positive development which could push stocks into a bull market, Markets Insider reported. The Cboe Volatility Index (VIX) surged by...
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Indonesia Considers Crypto Trading Tax To Boost State Coffers Post-Pandemic
Indonesia is considering taxing crypto trading to generate funds after the economic impact of the COVID-19 pandemic, Forkast reported. Indonesia is home to a number of local crypto investors, surpassing...
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Coinme Users Will Soon Be Able to Buy and Withdraw Crypto in Moneygram Locations
American money transfer firm MoneyGram International Inc. has partnered with cryptocurrency exchange Coinme to enable transactions in physical locations, CNBC reported. Under the partnership, Coinme users will be able to...
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Amazon Scores Victory In $300-Million Tax Appeal
The European Union general court decided in favor of online retail giant Amazon.com Inc. regarding its $300-million (250 million euros) tax appeal, according to CNBC. The European Commission ordered Amazon...
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India Calls On Chinese Government To Step In And Keep COVID-19 Supply Prices Stable
India's representative in Hong Kong Priyanka Chauhan said the Chinese government could intervene in the rising prices of supplies connected to COVID-19, the SCMP reported. Chauhan said India believes the...
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American Credit-Card Balances Drop as Consumers Reduce Spending
U.S. credit-card balances posted a double-digit year-on-year drop in March in line with the recent decline in spending, the WSJ reported. Credit card balances fell 14.5% year-on-year to $749 billion...
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Cathie Wood Undisturbed By Drop In ARKK ETF. Says Only Price Has Changed
ARK Investment Management LLC Chief Executive Cathie Wood remains unperturbed by the decline of the innovation exchange-traded fund, MarketWatch reported. "I love this setup," Wood said in an interview with...
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Benson Hill Takes on $2 Billion Deal for Initial Public Offering
Plant-growing tech firm Benson Hill has agreed to merge with special-purpose acquisition company Star Peak Corp. II to go public, according to the WSJ. The merger is valued at $2...
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Why Funding Risks At Domestic Banks Remain Low
Vulnerabilities from liquidity and maturity mismatches continue to be at a low level, the Federal Reserve said in its latest Financial Stability Report. For most domestic banks, liquidity ratios surpassed...
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China Dubbed ‘Pollution King’ as Emissions Surpass the Rest of the Developed World Altogether
China's gas emissions climbed to 14.09 billion tons of carbon dioxide equivalent in 2019, Bloomberg reported. Based on data from climate research firm Rhodium Group, China's emissions surpass that of...
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