Palantir Stock Nosedives 15% After Mixed Q1 2022 Results
(Palantir) Shares of Palantir fell more than 15% in premarket on Monday after posting a profit of 2 cents per share, missing expectations of 4 cents per share. The missed…
BioNTech Affirms Vaccine Guidance as Q1 2022 Revenue Hits €6.4B
(BioNTech) BioNTech expects to hit its 2022 vaccine revenue guidance of between 13 billion euros and 17 billion euros. The affirmed guidance happens after BioNTech reported total revenues of 6.375…
Chinese Exports Rise by 3.9% in April, the Slowest Since Mid-2020
(NBS) Exports from China rose by 3.9% in April from the prior year, marking its weakest rate since June 2020. The weak exports in April reflected the impacts of Covid-19…
ADA Wallets Hit the Highest Ever in April, but User Activity Slowed Down
(CryptoCompare) A total of 5.20 million addresses held Cardano in April, a new record high and an increase of 2.99% from the previous month. In the same month of April,…
UST Loses Peg Again the Dollar Prompting $1.5B in Crypto Reserve Lending by LFG
(Twitter) The Luna Foundation Guard is seeking to lend Bitcoin and TerraUSD reserves as its algorithmic stablecoin lost peg against the US dollar. LFG said that the stablecoin UST experienced…
Vale Inks Deal to Supply Tesla With Low-Carbon Nickel
(Vale) Vale has agreed a deal to sell Class 1 low-carbon nickel to electric car maker Tesla from its Canada’s operations. Vale says it targets to deliver 30% to 40%…
Palantir Bags £10-Million Contract with UK’s Ministry of Defence
(Bloomberg) American software firm Palantir Technologies Inc. has inked a 10-million-pound agreement with the United Kingdom to automate transactions and cut down processing time. The agreement covers a 12-month contract…
NPF Job Numbers Soar 428,000 in April. Unemployment Steady at 3.6%
(Bureau of Labor Statistics) The nonfarm payroll employment rose by 428,000 in April, with widespread job additions across various sectors. Job gains were noted the highest in leisure and hospitality,…
Galactic Stock Falls 5% After It Delays Commercial Spaceflight to Early Next Year
(Galactic) Shares of Virgin Galactic fell more than 5% in premarket on Friday after saying it expects to launch its commercial space flight in the first quarter of 2023. The…
DoorDash Posts a Record Monthly Users in Q1 2022, Revenue Jumps 35%
(DoorDash) A $12.4 billion Marketplace GOV, up 25% from the prior year, helped DoorDash report a record monthly active users in the first quarter of 2022. DoorDash said the robust…
Terra Buys $1.5B More Bitcoins to Join the Top 10 Bitcoin Whales Club
(Zycrypto) The Luna Foundation Guard, the group behind Terra Blockchain, has purchased an additional 37,863 bitcoins valued at around $1.5 billion. LFG purchased the bitcoins in two transactions, one of…
UK House Prices Rise 1.1% In April to a New Record £286,079
(Halifax) The average house prices in the UK increased by a monthly 1.1% or 3,078 pounds in April to claim another record high of 286,079 pounds. The April gains in…
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