FinTwit

2021-10-15 18:09:58 4.3 million Americans quit their job in August

About 4.3 million Americans quit their jobs in August, the Labor Department said this week, the most on records dating back more than two decades. This can be attributed to many reasons, such as the 10.4 million job openings with higher pay (a historical figure) or the opportunity to find more flexible positions. Some also prefer staying on the sidelines as infections surge carried by the delta variant. Open / Comment

2021-10-15 17:07:46 Tesla's market cap is now $180 billion higher than Berkshire Hathaway

If we look closely at the numbers, we can tell than expectation is everything in the market. Tesla has $42 billion in sales vs $365 billion for Berkshire, and a $2 billion net income vs. $106 billion for Berkshire. Open / Comment

2021-10-15 14:35:37 Major US mortgage lender DROPS Bitcoin payment plan

One of the largest US mortgage lenders, United Wholesale Mortgage (UMW), stopped accepting payments in crypto after running a successful test. Among the reasons, the company named regulatory uncertainty and associated costs Open / Comment

2021-10-15 13:17:39 Mining pool BTC.com to withdraw from Chinese market

NYSE-listed mining company BIT Mining Limited has announced that the BTC.com pool it controls will leave the Chinese market and stop serving local customers Open / Comment

2021-10-15 08:21:52 Bitcoin Surges Above $60,000 On News SEC “Set To Allow” Futures ETF

The long-awaited SEC decision on a futures-based bitcoin ETF is imminent Open / Comment

2021-10-14 22:41:45 Brent > $85 Open / Comment

2021-10-14 21:55:01 Ikea warns supply chain disruptions are likely to last into 2022 Open / Comment

2021-10-14 19:54:43 WHITE HOUSE ASKS U.S OIL AND GAS COMPANIES TO HELP LOWER FUEL COSTS Open / Comment

2021-10-14 18:45:06 We could be in the midst of a container shipping rate reversal

The data seems to be indicating somewhat of a stall in shipping rate prices, especially linked to a China port de-congestion. Trans-pacific shipping rates retreated--the reduction in congestion off Shanghai and Ningbo over the past 18 days implies that more ships have been loaded and more cargo is moving toward its final destination, including U.S. ports where there, the congestion issues continue to persist. Open / Comment

2021-10-14 18:20:06 US monthly producer inflation at 9 month low

Producer prices for final demand in the US were up 0.5% mom in September of 2021, the smallest increase so far this year, and below market forecasts of 0.6%. Nearly 80% of the increase in the PPI can be traced to a 1.3% rise in prices for final demand goods, the largest rise since May, mainly due to gasoline (3.9%). Cost also went up for: beef and veal, residential electric power, fresh and dry vegetables, gas fuels, and primary basic organic chemicals. Prices for final demand services moved up 0.2%, the ninth consecutive advance, led by trade services (0.9%), namely margins for fuels and lubricants retailing (11.6%). Meanwhile, the annual producer inflation continued to accelerate to 8.6%, a new record since November of 2010. Open / Comment