Market Overview - Page 219

Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195.

German exports rose in December as solid trade with China and the United States helped Europe’s largest economy as it struggles to grow under the restrictions of a lockdown aimed at suppressing the COVID-19 case load. Seasonally adjusted exports edged.

Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Brent crude futures for April gained 50 cents, or 0.8%, to $61.06.

Tesla has announced that it is bought $1.5 billion in bitcoin and would start accepting the cryptocurrency as payment, according to an SEC filing Monday. The company said it purchased the bitcoin for “more flexibility to further diversify and maximize.

Tesla’s sales in China more than doubled last year amid the coronavirus pandemic, according to a filing out Monday. The electric car maker’s sales in China of $6.66 billion last year accounted for about a fifth, or 21% of the.

U.S. stock futures were little changed early Tuesday morning as Wall Street looked to hold on to gains from its February hot streak. Futures contracts tied to the Dow Jones Industrial Average lost 11 points. Those for the S&P 500.

Big investors are pouring money into warehouses in Europe as online shopping for goods — some all the way from China — takes off in the wake of the coronavirus pandemic. E-commerce was already growing before the emergence of Covid-19.

France’s Total on Tuesday reported a massive drop in full-year profit, following a tumultuous 12 months in which commodity prices collapsed amid the coronavirus pandemic. The energy major said full-year 2020 net profit came in at $4.06 billion, beating expectations.

The markets are starting the new week with a rally. Over the weekend, Yellen optimistically assured that quick approval of the stimulus package would return unemployment to pre-crisis levels as soon as next year. This is very positive news as.

The price of meme cryptocurrency dogecoin (DOGE) soared more than 55% Sunday, setting a new all-time high, after American rapper Snoop Dogg joined DOGE booster-in-chief Elon Musk and Kiss rock star Gene Simmons in tweeting a meme of a Shiba.

Asian chipmakers are rushing to expand their production capacity to meet a global shortage that has been acutely felt by carmakers, but the firms warn that the supply gap may take many months to plug as they struggle to keep.

South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. Wiping $3.