Famous electric vehicle maker priced its secondary common stock offering at $767 a share. According to the company, it will sell 2.65 million shares at that price. Tesla plans to raise more than $2 billion. Moreover, the price is a 4.6% discount to its close Thursday. Interestingly, Tesla’s CEO Elon Musk will buy $10 million, …
The crypto industry is evolving, and it has the opportunity to change the lives of many people. The market is flourishing in Asia. Moreover, it is home to at least 80% of global crypto trading. It is not surprising that investors are willing to invest in such companies. Top U.S. crypto investors such as Pantera …
Top U.S. Crypto Investors and Hong Kong-based Crypto Firm Read More »
The Euro fell on Friday, reaching an almost three year-low due to the investors’ concerns about the slow economic growth in the Eurozone. The currency has lost 1% so far. There is a small chance of its rebound if the fourth-quarter gross domestic product data proves positive. However, economists expect 0.1% quarter-on-quarter growth, the same …
The Swiss franc is rising, while the Euro stays down Read More »
The remote village of Covas de Barroso of Portugal is in the grip of a clash between two conflicting visions. The town has western Europe’s largest lithium deposit, a critical component in electric vehicle batteries. Portugal’s government planned to establish the country as Europe’s production hub for the metal. On Wednesday, it signed a contract …
Portuguese Communities Protest Against Lithium Mining Read More »
China has the world’s second-largest economy in the world after the U.S. Moreover, it is one of the major oil consumers. As a result, the state of China’s economy directly affects global oil demand. Ongoing coronavirus outbreak and restrictions imposed by the Chinese officials will have a dramatic impact on the oil demand. The International …
DOJ Arrests Huawei CFO for Trade Theft Two years after Huawei’s Chief Financial Officer Meng Wanzhou was arrested for spying on American intelligence, she got caught again. This adds 16 counts of conspiracy and racketeering charges against her. The DOJ accuses the company of almost 20 years of efforts to steal intellectual property from US …
DOJ Arrests Huawei CFO for Trade Theft | Wibest Broker Read More »
The euro plummeted on Wednesday. The downfall was caused by the data showing eurozone manufacturing output plunged more than expected in December. That means fourth-quarter eurozone gross domestic product data, which is due on Friday, may also bring bad news. Meanwhile, the dollar stays high. It traded at $1.0872 per euro. The dollar’s price gained …
Euro Falls while Pound steadies, Asian Currencies in the Red Read More »
For the last couple of days, the coronavirus outbreak caused serious problems as the death toll surpassed 1,000. Moreover, this virus already disrupted supply chains for companies around the world. Chinese stocks declined due to the ongoing situation. The Shanghai Composite fell 0.71% to about 2,906.07. Meanwhile, the Shenzhen component dropped 0.7% to 10,864.32. The …
U.S. authorities, more precisely U.S. Internal Revenue Service (IRS), updated its webpage. This routine decision at first glance contains good news for online gamers. They removed parts of the crypto tax disclosure guideline which classified game tokens as cryptocurrencies. The U.S. Government Accountability Office (GAO) stated that the IRS was not doing enough when it …
U.S. Internal Revenue Service and Crypto Tax Reporting Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCZK The pair is trading in the green, rising just below the 200-day moving average and recovering from a massive decline just days ago. Last week, the Czech National Bank unexpectedly raised interest rates, …
Daily Market Charts and Analysis February 14, 2020 Read More »
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