(Vip.com) Shares of Vipshop Holdings Limited traded 10% lower on Wednesday after it reported a revenue of RMB34.1 billion or US$5.4 billion in the fourth quarter of 2021. The revenue…
(Mortgage Bankers Association) Applications for mortgages in the US declined by 13.1% last week to hit the lowest since December 2019 as higher rates drove away home buyers. The decline…
(Tenneco) Shares of Tenneco Inc. rose more than 96% on Wednesday, after it confirmed a purchase deal by Apollo Funds for $7.1 billion. The acquisition, at $20.00 per share, is…
(Nu Holdings) Shares of Nu Holdings rose more than 10% on Wednesday as revenues surged 224.3% year-over-year to $635.9 million in the fourth quarter of 2021. Shares were also boosted…
(Eurostat) Euro area posted an annual inflation of 5.1% in January, accelerating from December’s 5.0% and last year’s 0.9%. In the EU, inflation was higher at 5.6% in January, more…
(Barclays) Barclays bank bonus pool improved 23% to 1.9 billion pounds in 2021, after reporting a full year pretax profit almost triple from the prior year. The UK lender’s pretax…
(ICE) The Intercontinental Exchange Inc., the parent of the New York Stock Exchange, has announced it will take a “significant” minority stake in tZero Group, Inc. ICE says the stake…
(IHS Markit) US Composite Output Index was at 56.0 in February, the highest in two months and up from 51.1 in January as the economy rebounded from the Omicron impacts. …
(Cummings) Shares of Meritor Inc. rose more than 45% on Tuesday after it agreed to be acquired by Cummins Inc. in a deal of total transaction value of $3.7 billion.…
(Macy’s) Macy’s Inc. raised its quarterly dividend by 5% and announced a $2 billion share repurchase after posting earnings that surpassed estimates. The company recorded revenues of $8.67 billion in…
(Reuters) Digital World Acquisition Corp. shares rose 26% on Tuesday after the debut of Donald Trump’s social media firm, Truth Social, on Apple’s App Store. Following the debut, Truth Social…
(Bloomberg) About a dozen crypto firms that include Blockchain.co and Digital Currency Group are spending in excess of $100,000 per month to lobby for favorable digital asset rules in New…