Euro Area and EU GDP Growth Slows in Q4 21, Employment Up 0.5% in Both Regions
Source: Eurostat The gross domestic product improved by 0.3% in the euro area in the fourth quarter of 2021 from the previous quarter. DAX is up +1.48%, EURUSD is up…
Euro Area Posts a €4.6B Trade Deficit in December 2021 as Imports Surge
(Eurostat) The trade deficit in the euro area was 4.6 billion euros in December 2021, a downturn from a surplus of 28.3 billion euros in the prior year. The surge…
Intel Boosts Shares of Tower Semiconductor by 49% After Reports of $6B Purchase
(WSJ) Shares of Tower Semiconductor Ltd rose by 49% on Tuesday after reports emerged that Intel was closing a $6 billion acquisition deal. The deal, which is reportedly closing as…
BTC Futures Term Structure Curve Flattens as Investors Hedge For Higher Rates
(Glassnode) Bitcoin’s futures term structure curve is flat through March as investors take steps to protect from the downside of higher interest rates. Glassnode reports that amid the flattening of…
UK Unemployment Edges 0.2% Down as Labor Market Recoveries Continue
(ONS) UK unemployment rate during the October to December 2021 period was estimated at 4.1%, a decline of 0.2% from the previous quarter. Following the decline, unemployment is now only…
Berkshire Hathaway Discloses Almost $1B Stake in Activision Before Microsoft Deal
(FT) Warren Buffett’s Berkshire Hathaway booked $975 million worth of shares in Activision Blizzard ahead of the company’s $75 billion buyout by Microsoft. The purchase of 14.7 million shares in…
Goldman Project Rate Hikes by Fed to Dampen Stocks, Cuts S&P to 4,900 by Year-End
(Markets Insider) Goldman Sachs strategists have trimmed the S&P 500 target to 4,900 by the end of the year, down from the previous forecast of 5,100. The downward revision follows…
Cornerstone Building Brands Soar After Confirming $3B Bid by CD&R
(Cornerstone) Cornerstone Building Brands Inc. rose 24% on Monday after disclosing a buyout bid of about $3.11 billion by Clayton, Dubilier & Rice LLC. CD&R, already owning 49% of Cornerstone,…
BioDelivery Sciences Jumps 51% As Collegium Confirms Premium Acquisition Deal
(Collegium) Shares of BioDelivery Sciences International, Inc rose more than 51% on Monday on the news of the acquisition by Collegium Pharmaceutical Inc. at $5.60 per share. Following the deal,…
Tesla Records a Decline in China-Made Vehicles in January
(Reuters) Electric maker Tesla sold 59,845 China-made vehicles in the first month of 2022, a decline from 70,847 in December 2021. Out of the total sales by Tesla, 67.8% were…
Blackstone Set to Buy Australian Gaming Group Crown Resorts for US$6.3 Billion
(Yahoo! News) Australian gaming group Crown Resorts has agreed to a takeover bid by Blackstone for A$8.9 billion or US$6.3 billion. Crown Chairman Ziggy Switkowski says the Blackstone offer is…
Lockheed Martin Quits $4.4B Deal for Aerojet Over Antitrust Inquiries
(Lockheed Martin) Lockheed Martin Corp. will no longer pursue the proposed $4.4 billion deal for Aerojet Rocketdyne Holdings Inc. as US regulators raised antitrust concerns. Lockheed says the decision to…
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