Xpeng surges upward after buying Didi unit

28.08.2023
Xpeng Inc. shares soared after it agreed to buy Didi Global Inc.'s smart car division in a deal that both eliminates a potential rival in the crowded electric vehicle market and gives it a tech-savvy...
Read more

Bitcoin fell to a new two-month low

18.08.2023
The leading cryptocurrency bitcoin hit a new two-month low on Friday, breaking out of its recent narrow range, as a wave of risk-averse sentiment swept global markets. Bitcoin fell 7.2 percent on Thursday, the biggest...
Read more

Lululemon shares hold up in a challenging market

18.08.2023
The IBD Sector Leaders component, Lululemon Athletica (LULU), held firm and formed a constructive bullish pattern. The stock has gained 17% year-to-date, well ahead of the sector group's 2% gain. Vancouver-based Lululemon manufactures and sells...
Read more

Cryptocurrency mining gets its own lobbying voice in Washington, D.C.

16.08.2023
Cryptocurrency miners are gaining a new voice in American politics with the creation of the Digital Energy Council to lobby for friendly policies as regulators and Congress debate the next steps in cryptocurrency regulation. The...
Read more

Wheels Up is offering 95% of its shares to lenders to raise $500 million.

16.08.2023
Wheels Up Experience, a private jet charter company, said Tuesday that amid financial losses it is proposing to give up 95 percent of its common stock to get a $500 million "lifeline" from its creditors....
Read more