Twitter Shares Jump 25% As Tesla CEO Elon Musk Adds 9% Position in the Company
(CNBC) Shares of the social media giant rose more than 25% in premarket on Monday after Tesla CEO Elon Musk bought around 9% of stake in the company. The total…
Starbucks’ Schultz Marks Return With a Halt on Stock Buyback
(Reuters) Returning Starbucks former CEO Howard Schultz has announced a suspension of the company’s stock repurchase program as he comes back to lead the coffee chain. Schultz says the stock…
Eurozone Flashes Signs of a Recession as Sentiment Index Plunges to -18 Points in April
(Sentix) The economic sentiment index in the euro deteriorated by 11 points to -18 points at the beginning of April. At -18 points, the sentiment index is at its weakest…
US Manufacturing Cools to the Lowest Since September 2020 in March
(ISM) The economic activity in the US manufacturing sector slowed in March, with the PMI at 57.1% in March, down by 1.5% from Feb. and the lowest reading since September…
Metaverse Could Be the Next Gen. Internet, Market Cap to Hit $13T This Decade – Citi
(CoinDesk) Citi strategists believe that the metaverse economy’s total addressable market would be somewhere between $8 to $13 trillion by 2030. The bank believes that the metaverse would be akin…
Nonfarm Payroll Jumps 431,000 in March, Unemployment Continues to Fall
(BLS) The total nonfarm payroll employment increased by 431,000 in March, with job gains posted in multiple sectors. The unemployment rate fell by 0.2% to a lower 3.6% in March.…
Redwire Corp. Stock Plunges 26% as Net Loss Widens by $47.2 Million in FY21
(Redwire) Shares of Redwire Corporation lost more than a quarter of value on Friday after reporting a loss of $61.5 million in FY21, worsening by $47.2 million from the prior…
Xpeng Shares Jump 8% as Deliveries Rise 202% in March
(Xpeng) Shares of Xpeng rose more than 8% on Friday in premarket after announcing 15,414 vehicle deliveries in March, up 202% from the prior year. The deliveries rose by 148%…
US-Listed China Shares Jump as Beijing-Washington Hold Talks on Auditing Impasse
(Bloomberg) Alibaba shares rose more than 6% as other major Chinese firms listed in the US gained on news that Beijing will give full access to audits of most entities…
Li Auto Deliveries More Than Doubles in March 2022
(Li Auto) Electric car maker Li Auto said that it delivered 11,034 vehicles in March 2022, an increase of 125.2% compared to the previous year. Following the robust deliveries in…
NIO Jumps as March 2022 Deliveries Rise by 37.6% To Reach a Quarterly Record
(Nio) Shares of electric maker NIO rose more than 6% on Friday after reporting total deliveries of 9,985 in March, up 37.6% from the prior year. The March deliveries consisted…
China’s Manufacturing Enters the Contraction Zone in March
(HIS Markit) The Purchasing Managers’ Index, gauging the operating conditions in China’s manufacturing sector, plunged from 50.4 in February to 48.1 in March. The fall in the index signaled a…
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