May 11 2023 🕓 3 min
Rivian rises with strong results and future plans
Rivian may be in a good spot for a buy, as the company reported not as bad results as expected. Will this be only a correction?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
June 15 2022 🕓 2 min
Coinbase will lay off due to worse market situation
Coinbase, the largest US cryptocurrency exchange, will eliminate 1,100 jobs, equivalent to roughly 18% of the company's total workforce.
June 13 2022 🕓 2 min
MicroStrategy shares fall on Bitcoin sell-off
MicroStrategy has promised never to sell any of the approximately 130,000 bitcoins it holds. However, there is talk of margin call risk.
June 12 2022 🕓 2 min
Tesla plans another stock split
Tesla Inc. is planning a 3:1 stock split, and to do so, they need to increase the number of authorized common shares first.
June 10 2022 🕓 3 min
DAX drops below 14,000 EUR as traders mull ECB decision
Traders did not like the recent ECB decision, sending both EUR/USD and DAX index lower.
June 10 2022 🕓 2 min
Mastercard will allow NFT purchases using its cards
Mastercard will migrate its payment network to Web3 and enable NFT purchases using its debit and credit cards.
June 8 2022 🕓 2 min
Spotify shares rise on news of podcast growth
Spotify shares gained nearly 6% after its investor day. The rise was mainly due to news regarding the podcast.
June 7 2022 🕓 2 min
Under Armour will be removed from the S&P 500 index
Under Armour Inc. will be removed from the S&P 500 index. It's due to poor corporate results and a not-so-cheerful future outlook.
June 6 2022 🕓 2 min
Musk threatens to cancel Twitter takeover deal
Elon Musk has warned that he could pull out of a deal to take over Twitter, for which he has offered $44 billion.
June 3 2022 🕓 2 min
Elon Musk is feeling bad about the economy and will lay off
US carmaker Tesla is halting hiring worldwide and will have to lay off 10% of its current employees. This could be up to 10,000 employees.
June 2 2022 🕓 2 min
CEO of DWS resigns over greenwashing allegations
Frankfurt police raided the offices of the DWS Group and the CEO of the company resigned a few hours later.
June 1 2022 🕓 4 min
Coinbase exchange became one of the Fortune 500 companies
Cryptocurrencies are gradually getting into the world, and companies dedicated to this innovative industry are growing along with them.
May 31 2022 🕓 3 min
DAX fails near resistance again
Another month, another record in EU inflation, not helping the sentiment in the markets.