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Global auto market will lose out on $110B in revenue due to chip shortage

In its report on Friday, AlixPartners (consulting firm) said the global automotive industry is expected to take a $110 billion (£78 billion) hit to revenue

Bitcoin

Square not revisiting its Bitcoin allocation, but still interested in the asset

Over the course of 2020 and 2021, Square bought over $200 million worth of Bitcoin. At present, the payments company does not anticipate picking up

Bitcoin

Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI

The Crypto Fear and Greed Index has dipped to levels not seen since April 2020, indicating that traders are nervous about Tesla backtracking on accepting

Invest

This analyst likes Disney stock after Thursday’s disappointing report

The Walt Disney Co. (NYSE: DIS) reported a 13% annualised decline in its second-quarter revenue that fell shy of estimates on Thursday, after the bell.

Invest

Exxon Mobil CEO ‘disagrees’ with board recommendations of activist investor

Exxon Mobil’s (NYSE: XOM) investor meeting is on May 26 and the company has been facing increasing pressure from activist investor Engine No. 1 to

Business

Argentina’s tax body reportedly asks crypto firms to report all activity

A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC). Argentina’s Federal Administration of Public Income, or AFIP, has

Bitcoin

As Bitcoin price staggers, ‘whale’ wallets may be becoming an endangered species

As Bitcoin looks to recover from a stomach-churning dip on the back of a strong bid this morning, on-chain data indicates that high net worth

Invest

Airbnb CEO says CDC lifting mask mandate is a ‘game changer’ event

The Center for Disease Control and Prevention (CDC) issued new mask guidelines on Thursday and said that fully vaccinated people no longer need to wear

Invest

Here’s why Aurora Cannabis lost 9% on Friday morning

Aurora Cannabis (TSE: ACB) tanked 9% in the stock market on Friday morning as the company reported another big loss for its fiscal third quarter.

Invest

20% Inflation? It’s likely, according to Wharton’s Jeremy Siegel (!!!)

Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School, has been raising concerns over the rising expectations for runaway inflation for the last