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Stock supply glut looms over market as firms suck in cash

Bloomberg Voracious cash appetite among virus-strapped companies and a battered economy that makes buybacks tough to justify are warping supply and demand dynamics in the stock market, something for bulls to worry about heading into year end. While American firms normally repurchase way more stock than they sell, this year has been different, as offerings by everyone from Snowflake Inc ...

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Ethereum now more than crypto coder favourite: Grayscale

Bloomberg While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd. Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows investments from institutional and accredited investors only. But the Ethereum blockchain, ...

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10 Million Meals campaign brings home global awards

DUBAI / WAM The “10 Million Meals” campaign, which was launched to support Covid-19-hit communities in the UAE throughout the holy month of Ramadan, has bagged six Cresta Awards in creativity and innovation and five SHORTY Social Good Awards for driving positive impact in society. The campaign was also shortlisted for MEPRA Award’s Best Campaign in the Middle East in ...

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