Novavax Falls 7% as Q4 2021 Earnings Decline, Issues a Higher Guidance
(Novavax) Shares of Novavax Inc. dropped by more than 7% on Tuesday after reporting a revenue of $222 million in the fourth quarter of 2021, compared to $280 million in…
China’s Growth Beats Estimates in February as State Intervention Pay Off
(NBS) China’s manufacturing purchasing managers’ index improved to 50.2 in February, surpassing estimates of 49.8. The gains in manufacturing happen amid several measures to boost liquidity by the Chinese government,…
Zoom Revenue Jumps 21% in Q4 2022, Issues Guidance
(Zoom) Zoom Video Communications posted total revenue of $1.0714 billion in the fourth quarter of 2022, an increase of 21% from the prior year. For FY22, the revenue was reported…
eBay on Track to Start Accepting Crypto Payments, Says CEO
(CoinTelegraph) E-commerce giant eBay is set to integrate cryptocurrency payments soon. The internet marketplace firm is one of the oldest e-commerce platforms seeking to become the go-to platform for Gen…
Chevron Boosts Renewable Energy Stock After Announcing a $3.15B Acquisition Deal
(Chevron) Shares of Renewable Energy Group Inc. rose more than 38% on Monday on news of a $3.15 billion acquisition by Chevron Corporation. The all-cash transaction values Renewable Energy at…
First Horizon Jumps 30% on $13.4 Billion Deal by TD Bank Group
(First Horizon) Shares of First Horizon Corporation rose more than 30% on Monday after announcing a $13.4 billion acquisition by TD Bank Group. The acquisition price represents an offer of…
Ukraine to Offer Crypto Rewards for Tip-Offs of Russian Politician Addresses
(Twitter) The Ukrainian government has received over 500 tips in accelerated moves targeting addresses of crypto assets of Russian politicians. The country’s Minister of Digital Transformation, Mykhailo Fedorov, says the…
Russia Hikes Rate to 20%, Imposes Capital Controls to Ride the Western Sanctions
(Bloomberg) The Bank of Russia has increased its interest rate to 20% from 9.5% as it rushes to shield the economy from the impacts of sanctions imposed by the West. …
BP Stock Hit by Planned Move to Relinquish 20% Stake in Russian Oil Giant Rosneft
(Reuters) Shares of British Petroleum traded more than 7% lower on Monday after news it would sell stake in the Russian oil giant Rosneft of 19.75%. The slip in the…
Nio Eyes Secondary Listing in Hong Kong Next Month Amid Regulatory Risks
(Nio) Nio Inc. has set March 10 as the day its shares will start trading on the Hong Kong Stock exchange. The New York listed electric car maker said that…
US Records a 5.7% Slump in Pending Home Sales in January
(NAR) Pending home sales in the US plunged by 5.7% in January from the previous month, with the index hitting 109.5. Only the West posted a rise in contract signings…
US PCE Price Index Jumps by an Annual 6.1% In January, Personal Outlays Rise
(BEA) The US posted an increase of 6.1% in the personal consumption expenditure index in January, underlining continued rises in the prices of goods and services. The rise in the…
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