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There has been no dearth of interesting news from the technology, cryptocurrency and corporate sectors despite the long Labor Day weekend. Here is a quick roundup of the top five stories that investors may have missed.<\/p>\n

1<\/strong>. El Salvador Buys Bitcoin Ahead Of\u00a0Making It Legal Lender: Bitcoin<\/strong> (CRYPTO: BTC) is officially a legal tender in El Salvador beginning Tuesday and ahead of that, late Monday, the country’s President Nayib Bukele\u00a0<\/strong>announced that\u00a0the country has purchased nearly $21 million worth<\/a> of the apex cryptocurrency, in first such move anywhere in the world.<\/p>\n

See Also: How To Buy Bitcoin (BTC)<\/a><\/em><\/p>\n

2. Elon Musk \u201cLikes\u201d <\/strong>Dogecoin’s Wife: Tesla Inc.<\/strong> (NASDAQ: TSLA<\/a>) CEO Elon Musk<\/strong> apparently<\/a> \u2018likes\u2019 <\/a>meme cryptocurrency Dogecoin\u2019s <\/strong>\u00a0(CRYPTO: DOGE) \u2018wife,\u2019\u00a0Wifedoge<\/strong> (CRYPTO: WIFEDOGE), which\u00a0jumped over 3,000% in a single day to exceed a market capitalization of $2.32 million last week. However, the altcoin failed to stay the course and its capitalization plunged to $301,406 within two days.<\/p>\n

3. Moderna Boosters Could Face Delay: Moderna Inc.\u2019s<\/strong> (NASDAQ: MRNA<\/a>) COVID-19 booster shot may not be rolled out<\/a> in the week of Sept. 20 as the company is yet to submit the required data to the U.S. Food and Drug Administration, according to U.S. President Joe Biden’s<\/strong> Chief Medical Adviser Anthony Fauci<\/strong>. However, the Pfizer Inc<\/strong>. (NYSE: PFE<\/a>)-BioNTech SE<\/strong> (NASDAQ: BNTX<\/a>) booster shot is on track as the companies have submitted the necessary data.<\/p>\n

4. Musk Agrees With Cathie Wood\u2019s $3,000 Tesla Price Target: Elon Musk <\/strong>said he agrees with Cathie Wood-<\/strong>led Ark Invest\u2019s <\/strong>$3,000 price target for Tesla<\/a> by 2025, provided the electric vehicle maker executes \u201creally well.\u201d Tesla currently trades at $733 per share.<\/p>\n

5.<\/strong> Boeing Woes Continue<\/strong>: Boeing Co.<\/strong> (NYSE: BA<\/a>) may not be able<\/a> to deliver the 787 Dreamliner jets until at least late October as the U.S. Federal Aviation Administration (FAA) has rejected that the company\u2019s recent proposal to inspect them.<\/p>\n

Meanwhile, European budget airline Ryanair Holdings Plc<\/strong> (NASDAQ: RYAAY<\/a>), one of Boeing\u2019s biggest customers, said it has terminated talks with the aircraft manufacturer<\/a> over the purchase of 737 Max 10 jets due to differences over pricing.<\/p>\n

What Else<\/strong>: Among other stories from the weekend, investors would want to check out the Benzinga EV week in review<\/a>, the week ahead in Biotech<\/a>, why the National Football League<\/strong> (NFL) has banned<\/a> teams from selling sponsorships to cryptocurrency trading firms or non fungilble tokens<\/strong> (NFTs), and Olympic gold medal-winning heavyweight wrestler Gable Stevenson <\/strong>reportedly<\/a> joining World Wrestling Entertainment Inc. <\/strong>(NYSE: WWE<\/a>).<\/p>\n

In addition, Walt Disney Co.\u2019s<\/strong> (NYSE: DIS<\/a>) new Marvel Cinematic Universe release \u201cShang-Chi and the Legend of the Ten Rings\u201d grossed $71.4 million<\/a> during the Labor Day weekend, surpassing the Labor Day opening record of $30.6 million set by \u201cHalloween\u201d in 2007 and Wood’s firm\u00a0Ark Invest\u00a0<\/strong>has completely divested its stake in\u00a0Alibaba Group Holding Ltd. <\/strong>(NYSE: BABA<\/a>).<\/p>\n<\/p><\/div>\n

\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n

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