Blinds and Shades Market in the US to Grow by USD 36.4 Million at About 1% CAGR During 2020-2024

FX Empire
Price of Gold Fundamental Daily Forecast – Despite the Rally, Gold Still on Track for Steep Quarterly Loss
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Reuters
Archegos fallout wipes over $9 billion from market value of Credit Suisse, Nomura
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Bloomberg
Saudi Firms to Cut Dividends For Prince’s $1.3 Trillion Plan
(Bloomberg) -- Saudi Arabia’s biggest listed companies, including energy giant Aramco, will reduce their dividends and redirect the money to the local economy as the crown prince tries to get his economic overhaul plan back on track.Minority shareholders of Aramco -- the world’s biggest oil company and 98% owned by the kingdom -- will still get dividends, Mohammed bin Salman, the kingdom’s de facto leader, said. Investors in other firms will profit because stock prices will rise as the extra investment boosts the economy, he said.Twenty-four firms such as Saudi Basic Industries Corp., Almarai Co., Saudi Telecom Co. and National Shipping Co. have agreed to join the plan, contributing 5 trillion riyals ($1.33 trillion) of domestic capital spending over the next 10 years, he said.The new plan comes after last year’s coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia, setting back the 35-year-old’s goals to boost the non-oil economy and slash unemployment.The companies will benefit from extra subsidies and the ability to lobby for law changes, the prince said. The Saudi stock market was up 1.5% at 10.43 a.m. in Riyadh, while Aramco shares gained 1.4%.“What we’re trying to create is growth in Saudi Arabia: growth in GDP, more jobs in Saudi Arabia, more income to the Saudi government and a better life for Saudis,” Prince Mohammed said Tuesday during a night-time briefing with journalists in Riyadh. “That will not harm the shareholders of those companies because instead of getting dividends in cash, you’re going to get growth in the stock market.”Radical TransformationCutting dividends for reinvestment purposes is not necessarily negative news for investors in Saudi markets, according to Hedi Ben Mlouka, chief executive officer at FIM Partners in Dubai.“You’ll lose on the dividend yield but you’ll gain on growth momentum,” he said to Bloomberg Television on Wednesday. “That’s the way any long-term investor should look at it. This is a country going through transformation. You need to accept change like this that is radical.”The 5 trillion riyals from private firms is part of a 27 trillion-riyal investment strategy Prince Mohammed outlined for the next 10 years. Central government spending will account for around 10 trillion riyals, while the sovereign wealth fund previously announced that it plans to invest 3 trillion riyals on top of that.Read more: Saudi Jobs for Saudis Is Crown Prince’s Generational ChallengeAnother 4 trillion riyals will come from private investments, while the final 5 trillion riyals will come from ordinary consumer spending.Diversify the EconomyThe announcement underlined the extent to which the prince’s focus is turning domestic as he tries to diversify the economy of the world’s largest oil exporter and create enough jobs for the kingdom’s youthful population. It also showed that the government is counting on the struggling private sector to boost growth -- which has long depended primarily on state spending.“It’s definitely a squeeze on businesses, to mandate domestic investment,” said Karen Young, resident scholar at the American Enterprise Institute in Washington. “He’s seeing multiple generations of shared savings as his and his generation’s to spend, and so the gamble is that he’s going to be able to deploy this and jump-start a post-oil era.”The government is still negotiating with other companies to join the program, but around 60% of the 5 trillion riyals will come from Aramco and Sabic alone.“The dividend of the stakeholder for Aramco is going to be stable,” the crown prince said. “We promised them that, and we are going to keep our promise.”The Saudi government promised before Aramco’s initial public offering in late 2019 that minority investors would get their share of a $75 billion annual dividend regardless of the oil price. That payout would last for at least five years, the government said.Aramco increased borrowing last year, even as crude prices fell, to keep up payouts to both the state and stock-market investors.The company already has a huge capital expenditure plan, saying it would spend $35 billion this year.‘Going to Sell’In return for the firms’ participation, “we’re going to give them subsidies, we’re going to change the laws as they wish and we’re going to do their wish list to make that happen,” Prince Mohammed said.He also said that the kingdom’s wealth fund, the Public Investment Fund, would look to sell off some of its local holdings in order to support new investments.Read more - What Now for Saudi Arabia’s Planned $2 Trillion Fund?“We shouldn’t keep our share forever, whatever mature investment we have, we’re going to sell,” the prince said. “So if you own 70% of a company then that’s wrong -- PIF would own 30% of that company and they will sell that 40%.”Last year the PIF completed the sale of its 70% stake in Sabic to Aramco, in a deal that raised about $70 billion. The PIF holds large stakes in many Saudi companies, most notable Saudi Telecom Co and National Commercial Bank. The prince didn’t comment on any specific asset sales the PIF was planning.Overall, 90% of the 27 trillion-riyal plan will come from within Saudi Arabia, he said. Around 2 trillion riyals is expected to come from foreign investment, including from the Middle East and Western and Asian investors. That would translate to more than $50 billion of foreign investment per year, compared to $4.6 billion in 2019.“Yes, it’s ambitious. Yes we’ve said a lot of ambitious things in the past four years,” said the crown prince. “I believe we can deliver that in the next 10 years.”(Adds stock-market reaction.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
20h ago
Quartz
H&M’s latest statement on Xinjiang cotton is very careful not to mention Xinjiang
Foreign retailers in China risk either further annoying a major consumer market, or appearing not to care greatly about human rights.
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Reuters
ByteDance says it is 'bleeding' due to India bank account freeze, no relief from court
An Indian court on Wednesday granted no relief to China's ByteDance, owner of the TikTok video app, in a case where the company challenged the local tax authority's decision to block its Indian bank accounts, dealing a blow to its operations. Indian authorities in mid-March blocked ByteDance's bank accounts for alleged tax evasion, prompting the company to ask a court to quash the directive which it feared would hurt its operations. All bank accounts are frozen.
17h ago
Bloomberg
How Masayoshi Son’s ‘Money Guy’ Lex Greensill Went From Hero to Zero
(Bloomberg) -- In February 2020, SoftBank Group Corp.’s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Son’s, was part of the entourage.SoftBank had invested $1.5 billion in Greensill’s eponymous finance company, but in a meeting with Indonesian president Joko Widodo, Son introduced Greensill as the “money guy,” according to local TV footage.One year later, the money guy has become a money pit. Greensill Capital collapsed in March in one of the most spectacular financial blow-ups of recent years, sending shock waves through a Swiss banking giant, two of Japan’s largest firms and a British tycoon’s industrial empire.Son has had to write down his investment, making it among the worst in the history of his Vision Fund, alongside the implosion of WeWork Cos., another SoftBank portfolio company. That’s unlikely to prevent SoftBank from posting its strongest quarter on record, including a profit of more than $30 billion at the Vision Fund, thanks to the IPO of South Korean e-commerce firm Coupang Inc. and a soaring valuation of Chinese ride-hailing startup Didi Chuxing Technology Co., according to people with knowledge of the matter. Still, the episode underscores the risks of Son’s strategy of taking big equity stakes in startups and then encouraging those portfolio companies to collaborate with each other.Spokespersons for SoftBank Group in Tokyo and Greensill Capital in London declined to comment.Son’s relationship with Greensill began haphazardly: A junior executive at the Vision Fund reached out seeking an introduction, people with knowledge of the matter said. By May 2019, SoftBank had invested $800 million in Greensill. It put in an additional $655 million that October.Soon the two were talking regularly, even though SoftBank had investments in more than 80 startups and Greensill was far from the biggest, according to people close to the executives. Son touted Greensill at SoftBank events as an example of the cooperation he expected from his portfolio companies, the people said.Greensill got the same star treatment as former WeWork Chief Executive Officer Adam Neumann before him and, more recently, Ritesh Agarwal, head of India’s Oyo Hotels, which has since had to retrench. A presentation at a 2019 SoftBank shareholders meeting featured photos of the three men, identifying them as artificial intelligence entrepreneurs in “the biggest revolution in human history.”Greensill, in turn, basked in the attention, boasting about his conversations with the SoftBank founder, executives at his company said.“One of the great things about joining the SoftBank Vision Fund family hasn’t just been the network, the capital and the advice, it’s actually been having Masa as a partner and a mentor,” Greensill was quoted as saying on a now-deleted Vision Fund web page. “He has worked with us, and particularly with me, to think about our core business and how we can actually take that core business and tackle other inequalities and other challenges that exist in the global market.”Greensill was a key part of what Son dubbed his “Cluster of No. 1’s” strategy, taking non-controlling stakes in the world’s leading tech companies and encouraging them to cooperate. In theory, startups would tap WeWork’s network of co-working spaces or use Uber Technologies Inc. drivers for deliveries. Greensill’s role was to offer struggling SoftBank startups easy access to financing without having to pledge onerous collateral.A former Morgan Stanley banker, Greensill, 44, founded his firm in 2011, focusing on extending short-term loans secured against invoices. But some of the financing provided to SoftBank companies was based on predicted future sales, not on actual invoices, people with knowledge of the practice said.The loans, securitized and turned into bond-like instruments known as notes, were presented to some investors as backed by transactions, according to marketing documents and people familiar with the matter. Investors thought they were getting short-term debt, the people said.Many of the loans were made through supply-chain funds at Credit Suisse Group AG that attracted $10 billion from investors. Among the borrowers were SoftBank portfolio companies Oyo, mobile software firm Fair Financial Corp. and modular construction startup Katerra Inc.SoftBank was also an investor in the Credit Suisse funds, leading to conflict-of-interest accusations against the Japanese firm. That sparked an internal review at the Swiss bank, and SoftBank pulled $700 million out of the funds.“Having a company within Vision Fund that makes it easy for startups to get liquidity may not be a good idea,” Kirk Boodry, an analyst at Redex Research in Tokyo, told Bloomberg News. “Easy money can confuse things because the feedback gets muddled, and you don’t know if you are doing things right.” He called the Greensill loans an example of negative synergies.“At the end, whatever positive synergies they get are probably going to be irrelevant,” he said. “But the negative one will come back to haunt them.”It was in search of such synergies that Son had offered to invest in Indonesia’s new capital on the island of Borneo and a new city Crown Prince Mohammed bin Salman is building on Saudi Arabia’s Red Sea coast. It was Son’s dream that portfolio companies such as Katerra, Oyo, ride-haling startups Ola and Grab and facial-recognition firm SenseTime Group, would win contracts. Greensill would help provide financing.Greensill’s name kept cropping up in Vision Fund meetings and presentations, according to people familiar with the matter. When managing partners challenged investment ideas presented by deal teams, the questions would often focus on liquidity, a common problem for startups. Those discussions often led to Greensill, the people said.But by March 2020, a month after the trip to Indonesia, the relationship between Son and Greensill began to sour. The pandemic was squeezing supply chains, and investors pulled billions of dollars from the Credit Suisse funds, Greensill’s largest source of funding.Greensill turned to Son for capital, saying he might have to call in the financing he had provided to SoftBank portfolio companies, according to people with knowledge of the conversations. Suddenly, the weekly phone calls came to an end.Colin Fan, the former Deutsche Bank AG executive who managed the investment for the Vision Fund, stopped attending Greensill board meetings at the Savoy Hotel across the street from its London office.Fan needed to focus on other investments, according to a person familiar with the matter, and a spokesperson for the Vision Fund said other SoftBank representatives remained active and shared their concerns with Greensill management. But the two fund executives who continued to attend Greensill board meetings as observers mostly took notes and didn’t ask many questions, according to two people familiar with the matter.That was the case even as Greensill’s troubles escalated and one of its insurers, an Australian unit of Tokio Marine Holdings Inc., told the firm it wouldn’t renew coverage on notes sold to investors including Credit Suisse.In December 2020, with Greensill increasingly desperate for cash, SoftBank invested an additional $400 million in the finance company, in exchange for canceling Katerra’s debt, so Greensill could redeem notes in the Credit Suisse funds. It also put $200 million more into the construction company.“After WeWork, SoftBank promised not to throw good money after the bad, but here we are again,” said Boodry, the analyst. “They knew there were problems with Greensill, and they still put more money in. It’s almost like they take the failure of these companies personally.”SoftBank owned about 25% of Greensill at the end of last year, according to people familiar with the matter. It is now seeking $1.15 billion as a creditor of Greensill, which filed for insolvency in the U.K. on March 8.Fan, who also managed Vision Fund investments in Flexport Inc. and Fair, both of which received financing from Greensill, stepped away from his role as a managing partner at the Vision Fund in January to become a senior adviser. The company didn’t give a reason.Meanwhile, Credit Suisse is examining the role of executive board members including CEO Thomas Gottstein as part of its probe into dealings with the defunct lender. And, in Germany, regulators have asked prosecutors to examine how Greensill’s Bremen-based bank booked assets tied to British industrialist Sanjeev Gupta. Greensill has said it sought the advice of law firms before classifying its assets and has complied with requests from German regulators.As for Indonesia, Son has yet to follow through on his promise to invest in the new capital. He has backed the merger of e-commerce provider Tokopedia, a SoftBank portfolio company, with another Indonesian startup, ride-hailing giant Gojek, potentially booking a healthy profit.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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Reuters
Coinbase names ex-SEC director Brett Redfearn as head of Capital Markets
Redfearn was most recently the director of the U.S. SEC's trading and markets division and spent 13 years at JPMorgan Chase & Co prior to that. Coinbase was valued at $68 billion in a recent private market transaction, about 53 times its revenue in 2020.
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FX Empire
Hamilton Lane’s Strategic Partnership with Russell Investments to Boost Growth
Hamilton Lane, a leading alternative investment management firm, said it has entered into a strategic partnership with a leading outsourced chief investment office provider, Russell Investments, and is taking a $90 million minority stake in Russell Investments.
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Bloomberg
Warren Urges Increased Banking Oversight After Archegos Blowup
(Bloomberg) -- Senator Elizabeth Warren is calling for more transparency and oversight in the financial system after the forced selloff of holdings linked to Bill Hwang’s private investment firm.The unwinding of Hwang’s Archegos Capital Management after banks forced it to sell billions of dollars in investments accumulated through highly leveraged bets has roiled global markets. Calls for increased oversight have come about due to Archegos’ never having disclosed its positions in the publicly-traded companies.“Archegos’ meltdown had all the makings of a dangerous situation -- largely unregulated hedge fund, opaque derivatives, trading in private dark pools, high leverage, and a trader who wriggled out of the SEC’s enforcement,” Warren said in an email. “Regulators need to rely on more than luck to fend off risks to the financial system: we need transparency and strong oversight to ensure that the next hedge fund blowup doesn’t take the economy down with it.”The Securities and Exchange Commission held meetings with banks on Monday to discuss what led to the forced sale. Archegos’s prime brokers included Nomura Holdings Inc., Credit Suisse Group AG, Goldman Sachs Group and Morgan Stanley.Warren, a Massachusetts Democrat and member of the Senate Banking Committee, is a proponent for increased regulation and oversight of banks. She asked the SEC in January to review its securities rules and enforcement capabilities after the Reddit-induced frenzy in the shares prices of Gamestop Corp. and other stocks caused a hedge-fund short squeeze.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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Yahoo Finance
S&P 500 could surge to 8,000 in about 100 months: strategists
The strategist team at AllianceBernstein is out with their latest bold market call.
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How to Trade Virgin Galactic as ARK Launches Space Exploration ETF
ARK Investment Management is launching its latest ETF, the Space Exploration and Innovation ETF. Let's look at Virgin Galactic as space stocks are propelled to the forefront.
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Reuters
Aviation startup Lilium to float in US via $3.3 billion SPAC deal
BERLIN (Reuters) -German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business at $3.3 billion. Munich-based Lilium is competing with other aviation companies to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat traffic and hop between cities. It joins U.S. rival Joby in merging with a listed shell company to attract capital at multi-billion-dollar valuations, on top of hefty funding already raised from venture capital backers.
2d ago
Reuters
India blocks bank accounts of China's ByteDance, company mounts challenge
NEW DELHI (Reuters) -Indian authorities have blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge told Reuters. ByteDance in January cut its Indian workforce after New Delhi decided to retain a ban on its popular video app TikTok, first prohibited last year following a border clash between India and China. China has repeatedly criticised India's move and said it suspected it was against WTO rules.
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Oilprice.com
Oil Drops As Suez Canal Shipping Resumes
Oil prices fell early on Tuesday as the Suez Canal reopened for ship traffic after a week-long blockage, while rising U.S. dollar put further downward pressure on crude
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Yahoo Finance
El-Erian: Archegos 'is the third near accident this year so far'
Losses stemming from Archegos Capital Management’s forced liquidation of more than $20 billion in holdings “is the third near accident this year so far,” Allianz Chief Economic Adviser Mohamed El-Erian told Yahoo Finance on Tuesday.
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One of World’s Greatest Hidden Fortunes Is Wiped Out in Days
(Bloomberg) -- From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him -- until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time -- a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.Hwang’s most recent ascent can be pieced together from stocks dumped by banks in recent days -- ViacomCBS Inc., Discovery Inc. GSX Techedu Inc., Baidu Inc. -- all of which had soared this year, sometimes confounding traders who couldn’t fathom why.One part of Hwang’s portfolio, which has been traded in blocks since Friday by Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co., was worth almost $40 billion last week. Bankers reckon that Archegos’s net capital -- essentially Hwang’s wealth -- had reached north of $10 billion. And as disposals keep emerging, estimates of his firm’s total positions keep climbing: tens of billions, $50 billion, even more than $100 billion.It evaporated in mere days.“I’ve never seen anything like this -- how quiet it was, how concentrated, and how fast it disappeared,” said Mike Novogratz, a career macro investor and former partner at Goldman Sachs who’s been trading since 1994. “This has to be one of the single greatest losses of personal wealth in history.”Late Monday in New York, Archegos broke days of silence on the episode.“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” Karen Kessler, a spokesperson for the firm, said in an emailed statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”The cascade of trading losses has reverberated from New York to Zurich to Tokyo and beyond, and leaves myriad unanswered questions, including the big one: How could someone take such big risks, facilitated by so many banks, under the noses of regulators the world over?One part of the answer is that Hwang set up as a family office with limited oversight and then employed financial derivatives to amass big stakes in companies without ever having to disclose them. Another part is that global banks embraced him as a lucrative customer, despite a record of insider trading and attempted market manipulation that drove him out of the hedge fund business a decade ago.A disciple of hedge-fund legend Julian Robertson, Sung Kook “Bill” Hwang shuttered Tiger Asia Management and Tiger Asia Partners after settling an SEC civil lawsuit in 2012 accusing them of insider trading and manipulating Chinese banks stocks. Hwang and the firms paid $44 million, and he agreed to be barred from the investment advisory industry.He soon opened Archegos -- Greek for “one who leads the way” -- and structured it as a family office.Family offices that exclusively manage one fortune are generally exempt from registering as investment advisers with the U.S. Securities and Exchange Commission. So they don’t have to disclose their owners, executives or how much they manage -- rules designed to protect outsiders who invest in a fund. That approach makes sense for small family offices, but if they swell to the size of a hedge fund whale they can still pose risks, this time to outsiders in the broader market.“This does raise questions about the regulation of family offices once again,” said Tyler Gellasch, a former SEC aide who now runs the Healthy Markets trade group. “The question is if it’s just friends and family why do we care? The answer is that they can have significant market impacts, and the SEC’s regulatory regime even after Dodd-Frank doesn’t clearly reflect that.”Valuable CustomerArchegos established trading partnerships with firms including Nomura Holdings Inc., Morgan Stanley, Deutsche Bank AG and Credit Suisse Group AG. For a time after the SEC case, Goldman refused to do business with him on compliance grounds, but relented as rivals profited by meeting his needs.The full picture of his holdings is still emerging, and it’s not clear what positions derailed, or what hedges he had set up.One reason is that Hwang never filed a 13F report of his holdings, which every investment manager holding more than $100 million in U.S. equities must fill out at the end of each quarter. That’s because he appears to have structured his trades using total return swaps, essentially putting the positions on the banks’ balance sheets. Swaps also enable investors to add a lot of leverage to a portfolio.Morgan Stanley and Goldman Sachs, for instance, are listed as the largest holders of GSX Techedu, a Chinese online tutoring company that’s been repeatedly targeted by short sellers. Banks may own shares for a variety of reasons that include hedging swap exposures from trades with their customers.‘Unhappy Investors’Goldman increased its position 54% in January, according to regulatory filings. Overall, banks reported holding at least 68% of GSX’s outstanding shares, according to a Bloomberg analysis of filings. Banks held at least 40% of IQIYI Inc, a Chinese video entertainment company, and 29% of ViacomCBS -- all of which Archegos had bet on big.“I’m sure there are a number of really unhappy investors who have bought those names over the last couple of weeks,” and now regret it, Doug Cifu, chief executive officer of electronic-trading firm Virtu Financial Inc., said Monday in an interview on Bloomberg TV. He predicted regulators will examine whether “there should be more transparency and disclosure by a family office.”Without the need to market his fund to external investors, Hwang’s strategies and performance remained secret from the outside world. Even as his fortune swelled, the 50-something kept a low profile. Despite once working for Robertson’s Tiger Management, he wasn’t well-known on Wall Street or in New York social circles.Hwang is a trustee of the Fuller Theology Seminary, and co-founder of the Grace and Mercy Foundation, whose mission is to serve the poor and oppressed. The foundation had assets approaching $500 million at the end of 2018, according to its latest filing.“It’s not all about the money, you know,” he said in a rare interview with a Fuller Institute executive in 2018, in which he spoke about his calling as an investor and his Christian faith. “It’s about the long term, and God certainly has a long-term view.”His extraordinary run of fortune turned early last week as ViacomCBS Inc. announced a secondary offering of its shares. Its stock price plunged 9% the next day.The value of other securities believed to be in Archegos’ portfolio based on the positions that were block traded followed.By Thursday’s close, the value of the portfolio fell 27% -- more than enough to wipe out the equity of an investor who market participants estimate was six to eight times levered.It’s also hurt some of the banks that served Hwang. Nomura and Credit Suisse warned of “significant” losses in the wake of the selloff and Mitsubishi UFJ Financial Group Inc. has flagged a potential $300 million loss.“You have to wonder who else is out there with one of these invisible fortunes,” said Novogratz. “The psychology of all that leverage with no risk management, it’s almost nihilism.”(Updates with latest bank to detail exposure in penultimate paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
2d ago
Bloomberg
Space Tech Firm MDA Raises $320 Million in Canadian IPO Miss
(Bloomberg) -- Canadian space technology firm MDA Ltd. raised C$400 million ($320 million) in its initial public offering, falling roughly 20% below its targeted amount after selling shares for less than expected.The company, best known for developing a giant robotic arm used in space, sold about 28.6 million shares for C$14 each, below its marketed range, according to sale documents. MDA had sought to raise about C$500 million by selling shares for C$16 to C$20 apiece, according to earlier documents.Bank of Montreal, Morgan Stanley and Bank of Nova Scotia led the group of investment banks on the sale. The underwriters have the option to sell an additional 15% of the offering after the close.Brampton, Ontario-based MDA will list on the Toronto Stock Exchange under the ticker symbol MDA, marking a return for an iconic Canadian company once known as MacDonald, Dettwiler and Associates.MDA specializes in space robotics, satellite systems and satellite imagery analysis. Its products include a global maritime information platform for vessel detection and climate monitoring, sensors for space missions and the robotic Canadarm used in NASA’s Space Shuttle program and later on the International Space Station.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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Mortgage demand sags, even though 11 million are still eligible to refinance
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CoinDesk
Crypto Traders Lever Up as Bitcoin Creeps Back Toward All-Time High
The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.
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Blinds and Shades Market in the US to Grow by USD 36.4 Million at About 1% CAGR During 2020-2024 | Technavio

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