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Business News ✓

25 Feb 2021, 07:05

Clubhouse Won Over Elon
Musk. Now It’s
Conquering the World.

Bloomberg | @BusinessNewsOfficial

Clubhouse Won Over Elon Musk. Now It’s Conquering the World.

The buzzy chat-room app is beating Instagram, TikTok, Zoom and WhatsApp in App Stores around the world. And that’s a good thing.

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19 Feb 2021, 17:09

Huawei turns to pig farming as smartphone sales fall

BBC | @BusinessNewsOfficial

Huawei turns to pig farming as smartphone sales fall

The Chinese telecoms giant is also pivoting into coal mining technology amid US sanctions on its phones.

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19 Feb 2021, 16:31

Bill Gates says cryptocurrency is one innovation the world could do without

Market Watch | @BusinessNewsOfficial

Bill Gates says cryptocurrency is one innovation the world could do without

Bill Gates, the Microsoft co-founder and technological whiz turned philanthropist, doesn't seem to be a fan of bitcoin and other digital-assets.

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19 Feb 2021, 16:28

Elon Musk defends Tesla's $1.5 billion bitcoin bet as 'adventurous enough' for a S&P 500 company - and says it's less dumb than holding cash

Business Insider | @BusinessNewsOfficial

Elon Musk defends Tesla's $1.5 billion bitcoin bet as 'adventurous enough' for a S&P 500 company - and says it's less dumb than holding cash

'When fiat currency has negative real interest, only a fool wouldn't look elsewhere,' Musk tweeted. 'Bitcoin is almost as bs as fiat money.'

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19 Feb 2021, 16:20

Gold Goes From Commodity Leader to Laggard in Shocking Reversal

Bloomberg Quint| @BusinessNewsOfficial

Gold Goes From a Star Commodity to Laggard in Shocking Reversal

An uptick in the dollar and further signs of economic recovery pummeled demand for the haven asset.

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19 Feb 2021, 16:18

Bitcoin Nears $1 Trillion Value as Crypto Jump Tops Other Assets

Bloomberg | @BusinessNewsOfficial

Bitcoin Hits $1 Trillion Value as Crypto Jump Tops Other Assets

Bitcoin’s market value reached $1 trillion for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold.

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19 Feb 2021, 16:16

U.S Stock Futures Rise Ahead of Economic Data

WSJ | @BusinessNewsOfficial

U.S. Stock Futures Rise Ahead of Economic Data

S&P 500 futures ticked up, leaving the broad market benchmark on track to finish the week with muted losses.

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19 Feb 2021, 16:14

Bitcoin ETF Roars in Debut With $165 Million of Trading Volume

Bloomberg Quint | @BusinessNewsOfficial

Bitcoin ETF Roars in Debut With $165 Million of Trading Volume

North America’s first Bitcoin ETF got off to a stellar start in its debut with investors exchanging $165 million worth of shares.

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19 Feb 2021, 16:11

China's 5G phone shipments hit record monthly high

China Daily | @BusinessNewsOfficial

China's 5G phone shipments hit record monthly high

China's top procuratorate has pledged intensified crackdowns on crimes related to COVID-19 vaccines, following the emergence of cases including sales of counterfeit vaccines.

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19 Feb 2021, 16:08

Cryptocurrency Ethereum hits record high, lifted by Bitcoin, institutional demand

NASDAQ | @BusinessNewsOfficial

Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.

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19 Feb 2021, 16:00

L'Oreal betting big on domestic beauty industry

China Daily | @BusinessNewsOfficial

L'Oreal betting big on domestic beauty industry

Skincare and beauty company L'Oreal Group is working hard to carry out its "good consumption "pledge made during the China International Import Expo, with a torrent of new store openings and campaign launches targeting the Chinese market within a month.

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19 Feb 2021, 15:49

Pound Rises Past $1.40 for First Time Since 2018 in Vaccine Play

Bloomberg | @BusinessNewsOfficial

Pound Rises Past $1.40 for First Time Since 2018 in Vaccine Play

The pound surged through $1.40 for the first time in nearly three years as investors bet the U.K.’s rapid vaccine rollout will help pave the way for a reopening of the economy this year.

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19 Feb 2021, 15:43

Undeterred by Facebook
news blackout, Australia
commits to content law

Reuters | @BusinessNewsOfficial

Australia to continue talks with Facebook's Zuckerberg over media code

Australian Treasurer Josh Frydenberg said he would continue his talks with Facebook Inc Chief Executive Mark Zuckerberg on Friday after the social media platform blocked its news feeds in the country over disputes over a new media payment code.

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19 Feb 2021, 15:39

Elon Musk says bitcoin is
slightly better than holding
cash

Reuters | @BusinessNewsOfficial

Elon Musk says bitcoin is slightly better than holding cash

Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.

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