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“#Virgin Galactic stock soars after successful test flight” Shares of Virgin Galactic soared more than 25 percent in premarket trading Monday morning after the company completed its first spaceflight in over two years. The successful test flight, which was completed Saturday, saw the company’s VSS Unity spacecraft hurtle to the edge of the Earth’s atmosphere…
“#WeWork said it lost over $2B last quarter as it prepares to go public” Office-leasing company WeWork lost over $2 billion in the first quarter of 2021, as it prepares to go public through a SPAC deal more than a year after it initially sought to IPO. The company reported a net loss of $2.06…
“# Stocks, China and the dollar: 3 reasons why Bitcoin price is tanking below $40K ” Bitcoin (BTC) has hit its lowest price since Feb. 8 and is struggling to maintain $40,000 — but is Elon Musk wholly to blame? Cointelegraph takes a look at other factors working against Bitcoin bulls this week as the…
“#GameStop and AMC shorters lost $930 million” Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday. Shares in GameStop, which was at the heart of the so-called “stonks” retail trading mania…
“# Bank of America partnership with Paxos will allow same-day trade settlements ” The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades. According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using…
“# Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues ” It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the…
“#’$40 billion’ Robinhood app tries to vault SEC hurdles” It’s a lot of money for a stock-trading app that’s supposedly free. Robinhood is slated to launch an initial public offering before summer’s end that could value the Silicon Valley-based company at $40 billion or more, people close to the underwriting group say. That would make…
“#Hertz investors snag $8 a share in surprise bankruptcy win” Small investors who were mocked last year for driving up shares of bankrupt car rental company Hertz scored a surprising victory on Wednesday when the company was bought at auction for as much as $8 a share. Word of the deal vindicating the much maligned…
“#Tyson blames underperforming roosters for US chicken shortage” Underperforming roosters that aren’t producing as many chicks as expected are partly to blame for the US poultry shortage, according to executives at Tyson Foods. The Springdale, Arkansas-based company, one of the world’s largest producers of poultry and other meats, said earlier this week that it’s struggling…
“# Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high ” Bitcoin (BTC) gained 4.3% on May 12 as cryptocurrencies recovered losses despite increasing turmoil on global stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price reverses upwards Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD erasing almost all the…