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Nio (NYSE: NIO) stock price has had a remarkable fall from grace. The shares plunged from its all-time high of $66.96 in January 2021 to a low of $7.01. Its total market cap has dropped from over $90 billion to $11.46 billion. It has lagged behind the performance of other Chinese EV companies like Xpeng, […]

• December 04, 2023 07:34 AM PST
• Invezz

In a historic day for the yellow metal, gold raced to an all-time high, surpassing a near-mythical $2,100.0 an-ounce level for the very first time. In trading today, gold surged to a top of $2,152.30 (£1,703.80) having smashed through the previous all-time high of approximately $2,072.0 registered on August 7, 2020. Although in recent days, […]

• December 04, 2023 07:32 AM PST
• Invezz

Manchester United PLC (NYSE: MANU) is in focus this morning following a report that it will confirm its much-anticipated deal with billionaire Jim Ratcliffe next week. Ratcliffe to secure a 25% stake in Man United On Monday, Sky News said that the founder and chief executive of INEOS Group will pay £1.25 billion ($1.58 billion) […]

• December 04, 2023 06:57 AM PST
• Invezz

Plug Power (NASDAQ: PLUG) stock price has staged a strong recovery in the past few days as investors went bargain hunting. After plunging to $3.23 in November, the stock has bounced back to $4.54. The stock remains over 90% below the highest point in 2022, giving it a market cap of over $2.75 billion. Hydrogen […]

• December 04, 2023 06:36 AM PST
• Invezz

Jelly Labs AG and Fintonomy LTD have secured $2 million in seed funding from private investors. The funds will drive the development of Jellyverse, a groundbreaking platform for advanced DeFi services built on the innovative DeFiMetaChain (DMC). This initiative, led by the core team behind DeFiChain Accelerator, marks a pivotal step towards bridging real-world assets […]

• December 04, 2023 06:00 AM PST
• Invezz

The USD/BRL exchange rate remained in a consolidation phase on Monday as investors embraced a risk-on sentiment. The pair was trading at 4.900, where it has been stuck at in the past few days. It has dropped by more than 6.16% from its highest point in November. Brazil FDI sinks The USD to BRL exchange […]

• December 04, 2023 05:50 AM PST
• Invezz

Spotify Technology SA (NYSE: SPOT) has decided to cut its global headcount by 17%. Its shares are trading slightly up in pre-market on Monday. How many Spotify employees will lose job? The move will affect about 1,500 of its employees in total. Daniel Ek – the Chief Executive of Spotify opted for a layoff to […]

• December 04, 2023 05:45 AM PST
• Invezz

The SocialFi movement – new generation social media offerings which use decentralised Web3 technology – is rapidly accelerating, with several interesting platforms getting attention from users and investors alike. Here, we unpack the five most impressive SocialFi options to keep an eye on in the coming year. Is SocialFi the future? Although the success of […]

• December 04, 2023 05:42 AM PST
• Invezz