UK Retail Sales Makes a Comeback, Jumps by 1.9% In January
(ONS) Retail sales volumes in the UK were up 1.9% in January 2022, erasing some losses after a 4.0% decline in December. Sales at non-food stores improved by 3.4% in…
Roku Plunges 22% as Revenue Guidance Misses Estimates
(Roku) Shares of Roku Inc. fell more than 22% on Friday after the company said it expects revenue of $720 million in the first quarter of 2022, below estimates of…
Circle to Go Public in Dec. After a New SPAC Deal With Concord Valuing It at $9B
(Circle) Circle has announced a new deal with Concord Acquisition Corp. setting it on course to make a public debut in December. Following the deal, Circle’s enterprise value rose to…
US Jobless Claims Advance by 23,000 to an Above-Estimate Level
(Department of Labor) US jobless claims rose by 23,000 in the week that ended February 12 to 248,000. The claims were above estimates of 219,000. On a four-week moving average,…
Palantir Widens Net Loss to $156 Million in Q4 2021, but Revenue Jumps 34%
(Palantir) Palantir reported a net loss of $156.2 million in the fourth quarter of 2021, an increase from a loss of $140.3 million in the prior year. The company’s net…
Fiverr Jumps 8% as Q4 2021 Revenue Hits $79.8 Million, Issues Robust Guidance
(Fiverr) Shares of Fiverr International rose more than 8% on Thursday after the company reported a revenue of $79.8 million in the fourth quarter of 2021, up 43% from the…
Twitter Announces Support for Ethereum Addresses as Tipping Option for Users
(Twitter) Social media giant Twitter has started allowing users to add Ethereum addresses to tip content creators. The announcement comes some months after Twitter rolled out bitcoin tips through the…
DoorDash Soars 27% After Q4 2021 Revenue Beats Forecasts
(DoorDash) Shares of DoorDash surged more than 27% on Thursday after the delivery company reported a revenue of $1.3 billion in the fourth quarter of 2021. The revenue, beat estimates…
EIA Reports a 1.1M Barrels Rise in US Crude Oil Inventories
(EIA) Stockpiles of US crude oil inventories rose by 1.1 million barrels to 411.5 million barrels in the week that ended February 11. During the week, inventories of motor gasoline…
US Builder’s Confidence Falls Again in February as Material Bottlenecks Persist
(NAHB) The US posted a one-point decline in the builder confidence in January to 82, a second straight month of dip as material production bottlenecks persisted. NAHB Chairman Jerry Konter…
Blackstone to Buy Preferred Apartment Communities in a $5.8 Billion Deal
(PAC) Preferred Apartment Communities Inc. has announced a $5.8 billion purchase deal by Blackstone Inc. The all-cash transaction deal will be executed at $25.00 per share of PAC, representing a…
US Industrial Production Jumps by 1.4% In January
(Federal Reserve) Total industrial production in the US rose by 1.4% in January, an upturn following a 0.1% decline the previous month. The jump in industrial production surpassed estimates of…
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