Month: January 2024

Cathie Wood Buys Tesla Shares

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🚘 🚘 Cathie Wood has started buying Tesla Inc. shares after selling them for most of last year. Her purchases come at a time when Wall Street’s outlook on the electric-vehicle maker is darkening rapidly
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Alibaba—A Fine Mess

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🇨🇳 🇨🇳 Alibaba’s stock has plunged to below $77, down from more than $300 a share in 2020
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China Services PMI Surges

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🇨🇳 🇨🇳 China Services activity rose to five-month high in December
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Greyscale Plans Bitcoin ETF

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🚨 🚨 BREAKING: Crypto asset manager Grayscale Investments is in talks with firms, including JPMorgan and Goldman Sachs, to potentially play a key role in its proposed Bitcoin exchange-traded fund
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Red Sea: Fasten Your Seatbelts

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🚀 🚀 The US-led effort to prevent Houthi attacks in the Red Sea isn’t working
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Traders Liquidate Cryptos

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🚨 🚨 BREAKING: More than $600 million in positions across all cryptocurrencies on major exchanges have been liquidated so far on Wednesday, according to data by Coinglass. It’s the largest amount of liquidations since Dec. 11
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China: Fitch Downgrades Asset Management Firms

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🇨🇳 🇨🇳 Fitch downgrades four Chinese National asset management firms by one notch. Also known as the “Big Four” asset management companies. Their primary role was to purchase NPLs from Chinese banks, thereby helping to clean up the banks’ balance sheets and improve their financial health
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Watch Starbucks

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☕️ ☕️ Starbucks is taking another stab at boosting its food business, adding a couple of egg sandwiches to lure customers outside the morning rush
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US Job Vacancies: Lowest Level In Two Years

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🚨 🚨 US job vacancies fell from 8.85 million in October to 8.79 million in November. This is the lowest level in more than two years and somewhat below the consensus forecast of 8.82%
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