- Nasdaq closes 0.95% higher at 13,987.64 points.
- Bitcoin surges on Tesla US$1.5BN investment.
- DoorDash acquires Chowbotics for meal prep.
The US markets started the week higher as the COVID-19 vaccine rollout and imminent approval of President Biden's stimulus package boost investor confidence.
The Dow Jones industrial index gained 0.76% to a record high 31,385.76, the S&P500 added 0.74% at 3915.59 and the Nasdaq closed 0.95% higher at 13,987.64 points.
The Australian dollar is buying 77 US cents.
Bitcoin surged past US$46,000 overnight after Elon Musk?s Tesla said it had invested US$1.5BN in Bitcoin and that it will accept the cryptocurrency as payment in the future.
It?s arguably the biggest endorsement to date in the digital currency and sent its price skyrocketing by 20% in a matter of hours.
Bitcoin is trading at US$46,063.53 at 10:35am AEDT.
In tech news, pandemic favourite DoorDash has acquired Chowbotics to offer merchants additional services through innovative technology.
Boasting a market share of 48%, DoorDash will use Chowbotics? robotic salad-maker, Sally, to expand into meal preparation services.
Tesla is the talk of the world overnight after announcing its investment in Bitcoin, but Chinese regulators aren?t impressed as they issue a summons over quality issues. China?s top market regulator said Tesla must abide by Chinese laws and regulations, and strengthen internal management to ensure quality and safety of its products.
And looking your best for a Zoom conference call is now achievable without any makeup application. The Studio Effects beta features let you add lip colour, eyebrows and facial hair to jazz up your appearance during any Zoom call.