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ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi

ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard, and UBS AG, as well as major blockchain compani

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Binance Labs leads $1.6M seed round in DeFi startup MOUND, the developer of Pancake Bunny

Decentralized finance startup MOUND, known for its yield farming aggregator Pancake Bunny, has raised $1.6 million in seed funding led by Binance Labs. Other participants included IDEO CoLab, SparkLab

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Norwegian AstraZeneca Study Finds Link Between Vaccine, Blood Clotting

A study by the Oslo University Hospital has indicated a connection between AstraZeneca's vaccine against COVID-19 and severe blood clots, low platelet counts and haemor

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AppHarvest buys ag-robotics firm, Root AI

Indoor farming company AppHarvest this week announced that it has acquired Root AI. The deal is valued at around $60 million, with $10 million in cash and the reminder coming from AppHarvest stock.Roo

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Highlights from Berkeley SkyDeck’s virtual demo day

With 17 startups participating, Berkeley SkyDeck’s Demo Day isn’t the largest cohort we’ve seen by any stretch. The collection of companies is, however, defined by a wide range of focuses, from pionee

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Global financial market may sit in sweet spot in Q2 amid recovery

Editor's note:Jimmy Zhu is chief strategist at Fullerton Research. The article reflects the author's opinion, and not necessarily the views of CGTN.Rising bond yield charted the sentiment in the g

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Strong economic data lifts Dow, S&P 500 to record closes

U.S. stocks rallied on Monday with the Dow and SP 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year

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The global economy's uneven recovery

Getty Editor's note:Eswar Prasad, Professor of Economics at Cornell University, is a senior fellow at the Brookings Institution. The article reflects the author's opinions and not necessarily

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S&P 500 ends over 4,000 for 1st time, oil prices rally

The SP 500 finished above 4,000 for the first time Thursday, setting a record amid rising confidence in the U.S. economic recovery, while oil prices rallied after petroleum producers agreed to limite

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Asia stocks spooked by spike in yields, oil sell-off

Asian share markets eased on Friday as a spike in global bond yields soured sentiment toward richly priced tech stocks, while a stampede out of crowded positions in crude oil caused the sharpest setb

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Olo prices IPO sharply above its target, valuing company as high as $4.6B

A big story in the finance world this morning is that the Nasdaq Composite index lost ground in pre-market trading while bond yields rose. The concern is that inflation could rise, which led to bonds

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S&P 500, Dow hit record highs

The SP 500 and Dow Jones Industrial Average closed at a record high on Monday, as investors eyed an economic recovery from the COVID-19 pandemic and awaited cues from the Federal Reserve this week am

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Forget about EVs' rollercoaster share prices, look at the future

A Chery eQ1 car at a charging station in Changzhou, east China's Jiangsu Province, January 30, 2021. /CFP Editor's note : Thomas Zhang is head of Greater China Analysis

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Dow ends at record high after Congress approves U.S. stimulus package

A signs for Wall Street hangs outside at the New York Stock Exchange in New York City, February 22, 2021. /VCG The Dow rocketed to a fresh record on Wednesday after Congress approved a $1.9 tr

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ECB keeps policy stance unchanged, to step up pace of bond buying

The European Central Bank (ECB) on Thursday decided to keep its monetary policy stance unchanged but said it would step up the pace of bond purchases under the pandemic emergency purchase program (PE

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Rising U.S. rates spurred to stimulus unlikely to shock Chinese market

U.S. President Joe Biden (L) speaks with Vice President Kamala Harris (R) present, in the State Dining Room of the White House in Washington, D.C., U.S., March 6, 2021. /CFP Editor's note: Jim

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Tesla surges by almost 20%, biggest daily rise in a year

Tesla Inc. vehicles charge at a charging station in San Mateo, California, U.S., September 22, 2020. /CFP Shares of electric vehicle maker Tesla Inc. surged by nearly 20 percent on Tuesday, re