 | | | | Bitcoin tumbled over 9% on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. | | | | | | Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryptocurrencies. | | | | | | Lululemon Athletica Inc on Monday followed through on its threat to sue Peloton Interactive Inc over the "copycat products" in the exercise bike company's new clothing line. | | | | | | Federal Reserve Chair Jerome Powell on Monday said he continues to expect high inflation to recede over the next year as supply and demand come into better balance, but warned that prices could continue to rise for longer than earlier thought. | | | | | | Tesla Inc top boss Elon Musk said on Monday he would provide an update on the electric carmaker's much-anticipated Cybertruck in the upcoming earnings call, while signaling that supply chain issues still remained a challenge. | | | | | | Wall Street stocks closed higher on Monday, regaining some of the ground lost in Friday's sell-off, as investors appeared hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from U.S. President Joe Biden. | | | | | | Goldman Sachs Group Inc on Monday introduced a slew of benefits for its employees, as it attempts to ease the strain on its workers and woo talent. | | | | | | State and local governments distributed more than $2.8 billion in emergency rental assistance funds to more than 521,000 renters in October, the U.S. Treasury Department said on Monday, forecasting that $25 billion to $30 billion in such funds would be spent or obligated by the end of the year. | | | | | | The Omicron COVID-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Fitch Ratings and Moody's Investors Service said on Monday, after the World Health Organization said the variant carried a very high risk of infection surges. | | | | | | Speculators' net long bets on the U.S. dollar rose to the highest level since mid-October in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday. | | | | | |
