VMware Jumps 19% on Reports Chipmaker Broadcom Eyes a $50B Deal
(FT) Shares of software group VMware rose more than 19% in premarket on Monday on reports US chipmaker Broadcom was in talks to acquire it for $50 billion. The deal…
Germany’s Business Confidence Defies Geopolitical Tensions to Rise in May
(Ifo Institute) The ifo business climate index of Germany’s economy was recorded at 93.0 points in May, up from 91.9 points in April. A gauge of expectations also came better…
Fantom Rejuvenated by Speculations Former Developer Adre Cronje Is Back
(Twitter) Fantom network native token FTM rose more than 15% on Monday after speculation emerged that former developer Andre Cronje was returning. Speculations of Cronje return followed a tweet by…
Deere Shares Fall 12% After Q2 2022 Sales Miss Amid Raised Guidance
(Deere) Shares of Deere & Co. plunged more than 12% on Friday after reporting net sales of $12.03 billion in the second quarter of 2022. The sales were higher than…
Consumer Confidence Improves Slightly in the Euro Area in May, Steady in EU
(European Commission) Consumer confidence escaped months of declines after improving by 0.9 points in the euro area in May 2022. In the European Union, consumer confidence fell slightly by 0.4…
THG Stock Jumps 25% on Take Over Interest from Nick Candy
(Reuters) Shares of THG rose more than 25% on Friday after news emerged of buyout interest from property entrepreneur Nick Candy. The proposed offer represented a 46% premium to the…
Palo Alto Upgrades 2022 Guidance Amid Reduced Net Losses
(Palo Alto) Global cybersecurity firm Palo Alto raised its guidance for 2022, as it managed to narrow losses in the third quarter of the fiscal year. The third-quarter net loss…
Foot Locker Stock Jumps 5% as Lower Earnings Surpass Estimates
(Foot Locker) Shares of Foot Locker gained more than 5% on Friday after reporting adjusted earnings per share of $1.60 in the first quarter of 2022. The earnings were below…
Musk’s Net Value Sinks by 12.3B After He Trashes ESG, Announces Political Switch
(Twitter) The net value of Tesla CEO Elon Musk fell by about $12.3 billion in a single day after labeling the environmental, social, and governance aspects of investing a scam.…
Ross Stores Stock Plunges 27% as Sales, Earnings Decline in Q1 2022
(Ross Stores) Shares of Ross Stores, Inc. fell more than 27% in premarket on Friday after reporting earnings of $338.45 million or a diluted $0.97 per share in the first…
NIO Debuts in Singapore as the World’s First Car Company to List in Three Locations
(NIO) NIO was listed on Singapore Exchange Securities Trading Limited on May 20, becoming the first car company to debut in three different locations. The stock opened at $16.9 in…
UK Retail Sales Jumps 1.4% in April After Previous Month Declines
(ONS) The volume of retail sales in the UK increased by 1.4% in April, escaping the decline of 1.2% posted the previous month. Food stores saw sales rise by 2.8%…
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