Virgin Orbit Mission Fails, Stock Plunges 27% Pre-Market

• Virgin Orbit Holdings Inc (NASDAQ: VORB) shares have dropped 27% in pre-market following its failed space mission from the United Kingdom. • The mission was meant to launch from Newquay, England to deliver nine satellites to earth’s orbit. • The rocket was released and fired its engine but an anomaly was detected and the […]

Power Up Your Digital Economy: 16th IDC Middle East CIO Summit

• The 16th annual installment of the IDC Middle East CIO Summit is taking place on February 22-23, 2023 in Dubai’s Atlantis, The Palm. • The summit will focus on the concept of the ‚Digital Economy‘ and the rapid rate of digital adoption in the Middle East region. • Discussions will focus on leveraging infrastructure, […]

ANC Pharmacy Partners with Binance Ukraine to Enable Crypto Payments

• ANC Pharmacy, one of Ukraine’s largest pharmacy chains, has partnered with Binance Ukraine to enable crypto payments for its services. • Binance’s contactless payment service, Binance Pay, will be used to provide customers with the option of making payments with digital currencies. • This move is a first-of-its-kind for Ukraine’s pharmaceutical industry, and will […]

Treasury Yields Drop Amid Uncertainty Ahead of Key Data Releases

• Treasury yields fell due to uncertainty about the 2023 economic outlook. • Investors are looking forward to key economic data releases this week to gauge the state of the US economy and Federal Reserve’s policy plans. • Preliminary data of December’s S&P Global Manufacturing Purchasing Managers‘ Index suggests a shrinking in factory activity through […]

2022: Crypto, Fintech, and Tech Ups and Downs

• The euro sunk to a 20-year low against the US dollar as a result of economic issues in Europe. • Bitcoin (BTC) crashed 66% year-to-date, with its all-time high in November of 2021 being approximately $70K. • Tesla’s (NASDAQ: TSLA) stock fell behind Bitcoin’s performance in 2022 due to a massive price correction. As […]

2023 Economy: Predictions for Deflation, Interest Rates and More

• Following periods of badly managed economic policies, investors and analysts are looking to 2023 to forecast economic changes. • Deflation is an economic mechanism that may be seen in Western economies, leading to rising unemployment and less demand. • It is difficult to calculate economic predictions over 12 months, but based on what has […]

Treasury Yields Rise as Investors Bet on Stronger 2023 Market

– Treasury yields rose on December 30th as investors anticipate better market in 2023 – The benchmark 10-year Treasury yield was up nearly 2 basis points, while the 2-year Treasury yield climbed more than 3 basis points – Analysts and observers are paying attention to the Federal Reserve’s moves regarding inflation policies Treasury yields in […]

MicroStrategy Drops to Lowest Level Since 2020 Following Bitcoin Sale

• MicroStrategy’s stock recently dropped to its lowest level since August 2020 following its first-ever Bitcoin sale. • The cloud-based business intelligence company disclosed that it sold 704 BTC on December 22nd for $11.8 million. • Miller Tabak + Co chief market strategist Matt Maley weighed in on the MicroStrategy BTC development, noting that its […]