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Markets

Tesla’s stock market value tops Facebook’s in huge trading

Shares of Tesla surged to a record high in heavy trading on Thursday (Jan 7), with the electric car maker's stock market value exceeding Facebook's for the first time.

Markets

Error puts millions of US stimulus payments in wrong accounts -TurboTax

Millions of pandemic stimulus payments have been deposited in incorrect customer accounts due to an Internal Revenue Service error, according to Intuit TurboTax, which is helping to distribute the payments.

Markets

Curtain falls on CoAssets crowdfund platform, but no systemic risk seen in P2P lending

SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the collapse of others in the peer-to-peer lending space, said industry watchers.

Markets

Bitter wait for CoAssets noteholders as investments turn sour

IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.

Markets

Boeing will pay US$2.5 billion to resolve US criminal probe into 737 MAX crashes

Boeing Co will pay over US$2.5 billion to resolve the Justice Department's investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said.

Markets

Fed sees rising bond yields, inflation expectations as a possible win

A recent rise in U.S. bond yields and market inflation expectations has bolstered Federal Reserve officials' hopes that the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending.

Markets

Wall St tops new highs on Democrat-driven stimulus hopes

Stocks on Wall Street hit record levels on Thursday as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the U.S. economy overcome a steep pandemic-induced downturn.

Markets

Bitcoin hits US$40,000 for first time, but pullback likely imminent

Bitcoin topped US$40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700per cent from a March 12 closing low.

Markets

United States suspends French tariffs over digital services tax

WASHINGTON :The United States has indefinitely suspended 25per cent tariffs on French cosmetics, handbags and other imports it had planned in retaliation for a digital services tax Washington says will harm U.S. tech firms, as it investigates similar taxes elsewhere.

Markets

US federal investigators probe business-card sales practices at AmEx – WSJ

Federal investigators are probing business-card sales practices at American Express Co, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (https://on.wsj.com/3oqlUMK)

Markets

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