Rising stock indices
US stock indices edged slightly higher in trading on Friday, with the S&P 500 hitting a new closing record despite data on accelerating US inflation.
US consumer prices (CPI) jumped 5 per cent in May compared with the same ...
Shares have risen 15-fold
Shares in small Danish firm Orphazyme surged almost 15 times in value during Thursday's trading session on New York's Nasdaq electronic exchange. As Bloomberg reported on Friday, representatives of the f...
GameStop shares
GameStop on Wednesday reported a 25% rise in sales, a reduction in losses and the appointment of former Amazon executives to top management positions. However, this does not make up for the company's problems, which intends ...
Buying bitcoins
Analyst software maker MicroStrategy has raised its plan to raise $100m to $500m in light of the high oversubscription of its latest bond offering, Bloomberg reports.
The company intends to use the funding to buy bitcoin. According ...
Buying shares
Shares in XPeng and Li Auto, as well as cannabis producer Tilray and videoconferencing app Zoom, were bought by the Swiss National Bank in the first quarter of 2021.
Switzerland's central bank h...
Planned GBTC buyout
Digital Currency Group (DCG) has announced its intention to acquire shares in Grayscale Bitcoin Trust (GBTC) for up to $750m.
The reported figure is three times the amount&n...
Coinbase's shares
Cryptocurrency exchange Coinbase's market entry today triggered another jump in cryptocurrencies, with bitcoin rising 5% to $63.22k Analysts have differing opinions, with valuations ranging from $60bn to more than $100bn.
Coinbase...
Best month
Uber shares surged after reporting record performance in March and confirming earnings forecast for 2021. Demand for Uber taxis has rebounded on the back of mass vaccinations and the lifting of quarantine restrictions in the US, with Uber...
Petition rejection
The US Securities and Exchange Commission (SEC) has filed a motion to dismiss Ripple's XRP token holders application. The document has been sent to the Rhode Island District Court.
In early January 2021, a group of investors dema...
New exchange-traded fund
The BUZZ ETF reflects the performance of the BUZZ NextGen AI index, whose portfolio of 75 US stocks is compiled by artificial intelligence algorithms based on "online ch...
SEC filing
Shares in Coinbase, one of the world's largest cryptocurrency exchanges, could soon be available on NASDAQ as the company has applied for a direct listing instead of an IPO.
Coinbase's li...
Conflict with FINRA
Digital asset friendly platform Robinhood is in talks with a number of regulators regarding a possible settlement of claims from them. This is according to a statement sent to the US ,Secur...
Cryptocurrency regulation
The adoption of bitcoin by big companies requires clear regulations to be implemented as soon as possible, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told Reuters in an interview.
In her view, a...
Target of 500,000 cars
Less than 500 cars fell short of Tesla's goal of 500,000 cars sold, which Elon Musk has been setting for the company for several years. But Tesla did deliver on Musk's production promise.
In 2020, Tesla pr...
New order
The approval by the US Securities and Exchange Commission (SEC) of a new listing procedure for companies will not lead to an increase in the number of IPOs.
Earlier this week, the SEC approved a change to the rules of the New York Stock E...
Securities dispute
Robinhood agreed to settle the dispute with the Securities and Exchange Commission (SEC) out of court, paying $65m. The regulator accused the cryptocurrency-friendly platform of misleading users by claiming tha...
New law
The US House of Representatives has passed a new law according to which companies may be excluded from the US stock exchanges if the regulatory authorities are unable to verify their financial audit.
This week the US House of Representative...
Large companies
CalPERS has invested in 3Q in Nikola (NKLA) and NIO (NIO), and has increased its shares in Tesla (TSLA) and multiplied its investment in Zoom Video Communications (ZM). CalPERS has submitted data on these investments to the Securitie...
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