Container Ship Scores ‘Off The Charts,’ ‘Fantasy’ Charter Rate: $135,000/Day
In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs).
"Charter rates for short employment … have gone out of control," said Alphaliner in its new weekly report.
Mid-Afternoon Market Update: Constellation Pharmaceuticals Surges Following Acquisition News; Protalix BioTherapeutics Shares Slide
Toward the end of trading Wednesday, the Dow traded up 0.05% to 34,594.18 while the NASDAQ fell 0.16% to 13,715.08. The S&P also rose, gaining 0.02% to 4,202.76.
Binance-Backed Crypto Exchange Tokocrypto Aims For IPO
Indonesian crypto exchange Tokocrypto, backed by the world's largest exchange, Binance, reportedly aims to hold an initial public offering (IPO).
Big Tech Is More Important Than Ever With Alphabet Even Reaching New Horizons
With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ: AAPL), Google owner Alphabet (NASDAQ: GOOG), Amazon (NASDAQ:
Microsoft Says Russian Hackers Behind SolarWinds Targeting Government Agencies
According to Microsoft Corporation (NASDAQ: MSFT), Nobelium, a Russian group, sent about 3,000 malicious emails to accounts across 150 different organizations.
Late Investor Activity Lowers JD Logistics’ Initial Stock Gains
On Friday, JD Logistics (HKG:2618), the logistics spinoff of Chinese e-commerce giant JD.com (NASDAQ: JD), made its Hong Kong Stock Exchange debut priced at $HK40.36. It hit its peak of $HK47.75 and eventually gave up those gains, closing at $HK41.70 for a 3.3% gain.
Mid-Afternoon Market Update: Dow Rises Over 100 Points; Mannatech Shares Spike Higher
Toward the end of trading Friday, the Dow traded up 0.33% to 34,579.84 while the NASDAQ rose 0.40% to 13,791.88. The S&P also rose, gaining 0.29% to 4,212.91.