AMD Reports a Record $5.9B Revenue in the First Quarter of 2022
(AMD) Advanced Micro Devices revenue in the first quarter of 2022 rose by 71% to a record $5.9 billion, with double digit growth in each of its core businesses. The…
Airbnb Bookings Rises 59% in Q1 2022 to Above Pre-pandemic Levels
(Airbnb) Airbnb reported 102.1 million nights and experiences bookings in the first quarter of 2022, up by 59% from the prior year. The bookings marked the first time Airbnb surpassed…
Lyft Plunges 26% as Disappointing Outlook Amid a Lower Loss in Q1 2022
(Lyft) Shares of rideshare firm Lyft fell more than 26% on Wednesday after a disappointing outlook clouded a robust first quarter 2022 earnings. Lyft said it expects an EBITDA of…
US Factory Orders Accelerate With a 2.2% Jump in March
(Census Bureau) The total new orders for manufactured goods in the US were $557.3 billion in March, an increase of 2.2% or $11.8 billion. The increase in factory orders in…
Dubai Courts The Sandbox for the World’s First Metaverse Regulator Headquarter
(WAM) Dubai’s Virtual Asset Regulatory Authority has announced plans to enter the metaverse through a Sandbox-based headquarters. VARA said that its presence in the metaverse is the start of a…
Euro Area Producer Prices Jump by 5.3% In March, Higher in the EU
(Eurostat) Producer prices increased by 5.3% in the euro area in March from February, and 5.4% in the EU. The producer prices had increased by 1.1% in both regions in…
Pfizer Cuts 2022 Guidance as First Quarter Revenue Grows 82%
(Pfizer) Pfizer expects lower revenues in FY22 than previously guided, despite reporting an 82% growth in first quarter revenue to $25.7 billion. Pfizer said that the stronger revenues in the…
UK Manufacturing Activity Crawls Back in April Amid Cost Bottlenecks
(S&P) The PMI gauging the manufacturing activity in the UK was recorded at 55.8 in April, rising from March’s five-month low of 55.2. Manufacturing output was noted to have increased…
Cardano’s Whales on a 5-Week Accumulation Spree Amid Increase in Block Size
(Santiment) Key whale addresses accumulating Cardano have risen for the fifth straight week, despite ADA price declining to the lowest in fifteen months. Santiment data indicates that Cardano addresses holding…
Chegg Stock Plunges 36% After Cutting Its Forecast as Online Learning Lean Back
(Chegg) Shares of Chegg Inc. fell more than 36% in premarket on Tuesday. Online-education company projected lower earnings in the second quarter and FY22. In its first quarter 2022 earning’s’…
Argentina’s Leading Banks, Banco Galicia and Brubank, to Allow Crypto Purchases
(Bloomberg) Banco Galicia and Brubank, the two largest private banks in Argentina, have said they will allow crypto purchases. Banco Galicia’s online interface is reported to have started supporting various…
BP Shares Rise 5% After Boosting Buyback Amid Record Loss on Russian Exit
(BP) Shares of British Petroleum jumped 5% on Tuesday after boosting its stock repurchases to $2.5 billion, compared to February increment to $1.5 billion. BP boosted share repurchase reflected a…
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