What’s up with Elon Musk, songs and the market? This week he sent the share price of Samsung Publishing Co. surging after tweeting about the popular kiddie jingle ‘Baby Shark’. This morning it was Bitcoin. With Linkin Park’s ‘In the End’ and a broken heart emoji he caused Bitcoin to lose 3.4%, denting this week’s stabilisation in the crypto sector after a rout in May, reports Bloomberg.
Jobs data in the US and UK are boosting hopes of faster economic recoveries. In the US jobless claims dipped to another pandemic low, while in the UK the hiring rate hit a 23-year high.
In South Africa, the net is closing in on the Guptas with the NPA seeking the help of Interpol to arrest two brothers and their wives.
Here’s a round-up of the world’s top and most interesting business headlines:
SA Business
Gwede Mantashe denies corruption in electricity feud – Bloomberg
Crisis-hit CNA may face legal battle from ousted CEO – News24
Ramaphosa appeals for end to broadband litigation – Daily Maverick
US Business
Google to let Android users opt out of tracking – MyBroadband
Ultrarich fleeing to Puerto Rico find the IRS already waiting – Bloomberg
Biden proposes 15% corporate minimum tax – Reuters
In-depth
‘Don’t Be That Sucker:’ Traders Warn Against Joining AMC Rally – Bloomberg
*Download the news aggregator app SAccess, available on Google Play and the App Store, to stay on top of financial and markets news from around the world.
