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Bloomberg Bitcoin Resumes Slide Toward $30,000 as Crypto Confidence Ebbs (Bloomberg) — Bitcoin’s selloff accelerated Monday, pushing it closer to $30,000 once again.The world’s largest digital coin, down as much as 3.3% at one point during the session, continues to ebb closer to the pivotal round-number level, trading around $30,628 as of 9:41 a.m. in New York. Chartists are watching to see if it breaks below that support, which could exacerbate its decline and set it up for its lowest… Source link

ROCHESTER, N.Y., July 19, 2021 /PRNewswire/ –Hyzon Motors Inc. (NASDAQ: HYZN), a leading global supplier of zero-emission hydrogen fuel cell-powered heavy vehicles, announced that its Class A Common Stock will commence trading at market open today, July 19, 2021, on the Nasdaq Global Select market under the ticker symbol “HYZN”. This follows the previously announced closing of the business combination between Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.) and Hyzon Motors Inc. (f/k/a… Source link

Investors in up-and-coming EV plays have likely already considered Churchill Capital (CCIV), the company that’s set to take Lucid Motors public this year. This SPAC merger is one of the most highly-anticipated of the year, and brings with it a tremendous amount of investor enthusiasm among those seeking a true rival for current incumbent Tesla (TSLA). Lucid’s core flagship EV product, the Lucid Air, brings a level of luxury and style to the EV market that is reminiscent of Tesla’s Model… Source link

News broke over the weekend that Boris Johnson would have to self-isolate following contact with health secretary Sajid Javid, who tested positive for coronavirus. Photo: David Rose/AFP via Getty Images The sell-off in European stocks lengthened into the afternoon on Monday as investors digested the latest coronavirus caseloads on what has been dubbed ‘freedom day’ in England.  On Monday, England moved to its final stage of relaxing coronavirus restrictions, despite concern from scientists… Source link

Since Google launched its self-driving car project in 2009, the biggest challenge has been one of technology: can it be safe enough to deploy at scale? That dispute is over. Google’s project, now branded Waymo, has experienced only minor incidents — about once every 210,000 miles — since 2019 when it began operating a driverless service in Phoenix, Arizona. Cruise, its GM-backed rival, received a permit last month to begin commercial operations in its home city, San Francisco. Both… Source link

(Bloomberg) — Asian stocks and U.S. futures fell Monday on concerns about the impact of Covid-19 outbreaks and elevated inflation on economic prospects. Treasuries climbed and oil slipped after an OPEC+ supply deal. Shares fell across the region, with Japan and Hong Kong underperforming. China opened with more modest losses. S&P 500 and Nasdaq 100 futures dropped after the S&P 500 fell for the first week in four. The rally in Treasuries continued, sending 10-year yields further below… Source link

Euan Black Verizon Media has appointed Euan Black as Yahoo’s director of content for Australia and New Zealand. Black is currently head of news, sport and lifestyle at Yahoo Australia. In his new role, Black will lead all local editorial and video output for the Yahoo brands. In his nearly five-year tenure at Yahoo Australia, Black has achieved record growth for the news, sport and lifestyle brands with traffic up across all sites on average by 18% in the last year and the number of… Source link

(Bloomberg) — For two decades Chinese tech firms have flocked to the U.S. stock market, drawn by a friendly regulatory environment and a vast pool of capital eager to invest in one of the world’s fastest-growing economies. Now, the juggernaut behind hundreds of companies worth $2 trillion appears stopped in its tracks. Beijing’s July 10 announcement that almost all businesses trying to go public in another country will require approval from a newly empowered cybersecurity regulator… Source link

In a big week for pandemic relief, Americans just got $20 billion in new aid Though politicians, researchers, advocates and everyday Americans have been calling for additional direct payments for most Americans, the government already is providing additional support for people struggling to make ends meet and deal with debt as the effects of the pandemic linger. More than $20 billion in COVID relief was paid out in the last week alone. Some of that may be on its way to you. $15 billion from the… Source link

Authorities in Malaysia have destroyed 1,069 cryptocurrency rigs after they were confiscated in raids earlier this year. A steamroller was used to crush the hardware in the city of Sarawak, after the electric utility company of the Malaysian province accused the mining operators of stealing electricity for their activities. The operators allegedly stole RM8.4 million ($2-million) worth of energy from the company. Authorities say the operation was scattered across four locations and six… Source link