Friday, April 02, 2021

 Notes today:

  • Jailed Russian opposition leader Alexey Navalnysaid he’s started a hunger strike to pressure prison authorities to provide him with medical care instead of “torturing” him with sleep deprivation.

  • Coinbase Global, the outfit that’s closely intertwined with bitcoin, plans to go public on April 14. 
  • The CME announced it will expand its suite of crypto derivatives with the introduction of a new Micro Bitcoin futures contract on May 3. The Micro Bitcoin futures will be one-tenth the size of one bitcoin. 
  • MLB is taking its ball and heading out of Georgia. 👍

  • Apple’s Tim Cook joined the chorus of business leaders who have belatedly come out in support of voting rights – others include: Coca-Cola, Delta, American Air, American Express, JPMorgan, Citigroup, Microsoft, ATT..
  • I suppose we’ll find out if they meant what they said. If companies, and they hold the cards, stick to their guns Georgia etc. are likely to back down. Being on the right side of history is good business.
  • QuantumScape (QS) said it has successfully met the technical milestone that was a condition to close for the investment of an additional $100 million by Volkswagen. The milestone required Volkswagen to successfully test the latest generation of QuantumScape’s solid-state lithium-metal cells in their labs in Germany. (Long way to go but so far so good)

  • The US economy added 916,000 jobs in March, a greater number than forecast and more than the 468,000 positions created in February. The unemployment rate fell to 6% from 6.2% in February.

 


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