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Enthusiasm on Revamp of Ethereum 2.0 Pushes Staking on Ether Over $13 billion
Ether holders bet over $13 billion in cryptocurrency on the ethereum 2.0 network as enthusiasm builds around the revamping of the system and potential expansion of the staking sector, according...
Read moreChina’s Li Auto Hits Record Monthly Deliveries in June
Chinese electric vehicle maker Li Auto Inc. hit a record monthly high deliveries in June with the launch of the newest Li ONE model, the company announced in a statement....
Read moreSoros Fund Management Enters Crypto Space
George Soros’s investment firm has entered the crypto space after mulling its entry in the past two years, Markets Insider reported. Soros Fund Management Chief Investment Officer Dawn Fitzpatrick gave...
Read moreGlobal Property Prices Surge By Fastest in 15 Years
Property prices across the globe have surged by the fastest in 15 years as buyers are scrambling to get a piece of housing, Bloomberg reported. Data from Knight Frank show...
Read moreMicrosoft and Google Relations to Worsen as Non-Aggression Pact Lapses
The rivalry between tech giants Microsoft Corp. and Google is expected to heighten as the non-aggression pact between the two parties lapsed in April, Bloomberg reported. Sources close to the...
Read moreBuffet Warns That COVID Uncertainty Is Far From Over. Small Businesses Suffer Most
Investor Warren Buffett says that the economic impacts of COVID-19 have burdened small businesses the most, according to CNBC. Buffet has warned that the unpredictability of the crisis is not...
Read moreTesla + FANGMA is Valued at $10 Trillion. Rotation from Big Tech a Myth?
Big tech, comprising Facebook, Apple, Netflix, Google, Microsoft, Amazon, and Tesla, now has a combined value of $9.6 trillion. The value is about 25% of the total of the S&P...
Read moreDidi Makes $4.4 Billion in Biggest U.S. Listing of Chinese Firm in Six Years
Ride-hailing firm Didi Global Inc. generated some $4.4 billion in what will be the biggest listing of a Chinese firm in the United States in six years, Reuters reported. Sources...
Read moreFacebook Market Cap Shoots Over $1 Trillion after Victory in Antitrust Complaint
Social media giant Facebook closed Monday with over $1 trillion in market capitalization after an antitrust complaint against the company was dismissed, CNBC reported. Shares closed 4.2% higher at $355.64...
Read moreMorgan Stanley Doubles Dividend and Plans Share Buyback up to $12 billion
Morgan Stanley announced the doubling of its quarterly dividend to $0.70 from $0.35 and a buying back plan of up to $12 billion of stocks, according to a report released...
Read moreSanofi Dives into mRNA Technology Investment for Next-Gen Vaccines
Sanofi SA plans to develop a messenger RNA vaccine business units, making it the latest drugmaker to embrace RNA medical technology, according to a report released by The Wall Street...
Read moreFed Lifts Limits on Dividend Payouts and Buybacks on Large Banks
The Federal Reserve has removed the temporary caps on dividends and buybacks it imposed on large banks last summer after performing well on annual stress tests, the WSJ reported. The...
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