Euro Crumbles; Traders wait on US consumer test
The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. and Chinese presidents.U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world
JPMorgan sues Tesla for US $ 162 M
JPMorgan Chase & Co sued Tesla Inc for $162.2 million on Monday, accusing Tesla of “flagrantly” breaching a contract related to stock warrants after its share price soared.
Gymshark appoints new executive: Gary Vaynerchuk
Gymshark, the fitness community and apparel brand has announced that Gary Vaynerchuk is joining the company as an advisor to the board. Ben Francis Founder and CEO of Gymshark shared with The Retail Bulletin that Gary “Vee” will join Gymshark to lend his expertise in areas from ecommerce and dig
Coinbase and Binance Seek Singapore Permits
Singapore units of Coinbase Global Inc. and Binance Holdings Ltd. are among the remaining 70 applicants for a license to provide cryptocurrency services in the Asian financial hub. That’s according to information posted on the website of the Monetary Authority of Singapore. It shows the numbe
Rivian, World’s Biggest IPO of 2021
Shares of Rivian Automotive Inc surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world’s biggest initial public offering this year.Rivian shares closed at $100.73, marking a nearly 30%
Elon Musk Sells US $ 5 B in Tesla Shares
Tesla CEO Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while
BioNTech sees up to EUR 17 B in Vaccine Revenue
Germany’s BioNTech SE said the COVID-19 vaccine it is developing with Pfizer will likely generate up to 17 billion euros ($19.6 billion) in revenues this year, as booster shots take hold and use in children increases.
Over $10 billion wiped from Peloton
Roughly $10.4 billion has been wiped from Peloton’s market cap since last Thursday, amid doubts about the future growth prospects of the connected fitness company. Peloton had a market cap of roughly $45 billion to start the year, after its stock soared more than 440% in 2020. Now, its value
New York’s Incoming Mayor: Crypto should be Taught in Schools
The incoming mayor of New York City, Eric Adams, thinks that schools should add cryptocurrency and blockchain technology to the curriculum, as he ups the ante in his plan to transform the city into a crypto hotspot.In an interview with CNN’s “State of the Union,” Eric Adams said that bitcoin i
Tesla Shares Fall after Musk’s Twitter Poll
Tesla’s shares fell about 9% in early trading on Monday as investors prepared for Elon Musk’s proposed sale of about a 10% of his holdings in the electric-car maker following his Twitter poll.Musk tweeted on Saturday that he would offload 10% of his stock if users of the social media network