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Toyota Motor Corp (LON: TYT) and two of its affiliates plan on trimming their stakes in Denso Corp. Shares of globally the top-selling automaker are up 2.0% at writing. Toyota will remain the largest shareholders of Denso Together with Toyota Industries and Aisin – the automotive giant will unload about 256 million shares of Denso […]

• November 29, 2023 09:33 AM PST
• Invezz

It was a dovish day for markets around the world, as Germany, Spain and Australia announced their YoY inflation figures for November 2023 today. The data reveals intriguing trends and economic shifts across these regions. Germany Germany’s inflation trajectory presents a significant decline, plummeting from 3.8% year-over-year (YoY) in October 2023 to a lower-than-expected 2.3% […]

• November 29, 2023 08:38 AM PST
• Invezz

Wormhole has closed its funding round, raising $225 million at valuation of $2.5 billion. The cross-chain bridge protocol revealed this in an announcement on Wednesday, November 29. The round was backed by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital among others. “We are grateful to have reached […]

• November 29, 2023 08:17 AM PST
• Invezz

The USD/KRW pair remained under pressure on Wednesday as traders waited for the upcoming Bank of Korea interest rate decision. The pair retreated to a low of 1,290, its lowest point since August 2nd. It has dropped by over 5.30% from the highest point this year. The Bank of Korea will conclude its monetary policy […]

• November 29, 2023 08:04 AM PST
• Invezz

Foot Locker Inc (NYSE: FL) popped 20% this morning after reporting a surprise beat on both top and bottom lines in its third financial quarter. Foot Locker stock up despite lowered earnings outlook The sportswear retailer now forecasts sales to drop by up to 8.5% this year versus up to a 9.0% decline it had […]

• November 29, 2023 07:55 AM PST
• Invezz

Layer1 network Sei revealed plans to add support for the Ethereum Virtual Machine in its upcoming v2 upgrade. That comes as the project continued to attract developers due to its speed. Meanwhile, the lack of EVM support challenged devs. The upgrade will allow developers to onboard and use Ether-based contracts on the platform. Sei version […]

• November 29, 2023 07:40 AM PST
• Invezz

A new decentralized finance (DeFi) known as Crypto Asset Governance Alliance (CAGA) launched earlier this month. The project seeks to promote a decentralized financial future through transparency, inclusivity, and innovativeness. CAGA was listed on CoinMarketCap on November 13, with a price of $0.00001411. Since then, the token has seen a 5925% growth, which brought its […]

• November 29, 2023 07:23 AM PST
• Invezz

The meme coin craze that happened in 2021 ended as was expected. Most stocks that surged at the time nosedived, with Bed Bath and Beyond and Lordstown Motors filing for bankruptcy.  Meme stocks have plunged hard GameStop (GME) stock price has crashed by over 87% from its highest point in 2021, lowering its market cap […]

• November 29, 2023 07:18 AM PST
• Invezz

Phillips 66 (NYSE: PSX) opened about 3.0% up on Wednesday after Elliott Investment Management revealed a sizable stake in the crude refining company. Elliott is pushing for board seats at Phillips 66 The activist investor has built a stake worth $1.0 billion and is pushing for two board seats. Elliott attributes the recent underperformance in […]

• November 29, 2023 07:09 AM PST
• Invezz

Valued at $1.43 trillion, the cryptocurrency market is currently navigating through an intriguing phase, with Bitcoin eyeing the $42,000 mark after a slight pullback from recent highs.  Bitcoin reached a year-to-date peak above $38,000, but has slightly retreated to around $37,100. Meanwhile, Ethereum has also seen a modest decline. This pullback comes after a significant […]

• November 29, 2023 07:05 AM PST
• Invezz