AMC Narrows Net Loss to Below $194.8 Million in Preliminary Q4 2021 Results
(AMC) AMC Entertainment Holdings Inc. estimates its net loss to be $194.8 million to $114.8 million in the fourth quarter of 2021, down from a net loss of $946.1 million…
Chip Issues a Thorn for EV Makers as Nio, Xpeng January Deliveries Ease
(CNBC) Chinese EV maker Xpeng delivered 12,922 electric vehicles in January, up 115% from the prior year but a drop of at least 19% from December as semiconductor shortages bite.…
Unemployment Rate Eases Slightly in the Euro Area and EU in December
(Eurostat) Unemployment rate in the euro area was posted at 7.0% in December, declining slightly from November’s reading of 7.1%. The rate was below 8.2% in the prior year. In…
UPS Stock Jumps 9% as Operating Profit Rises 91.0% in Q4 2021
(UPS) Shares of United Parcel Services rose more than 9% on Tuesday after the company reported a consolidated operating profit of $3.9 billion in the fourth quarter of 2021, up…
Eurozone Manufacturing Gathers Steam as Activity Index Climbs to a 5-Month High
(IHS Markit) Eurozone opened the year with robust manufacturing activity, as PMI rose to 58.7, a five-month high and above December’s final reading of 58.0. Growth was highest in Austria,…
UK House Prices Jump by an Annual 11.2% in Jan., a Record Year-Start in 17 Years
(Nationwide Building Society) UK house prices surged by an annual 11.2% in January, accelerating from a 10.4% gain in December. The gain is the strongest start to the year in…
Xpeng Deliveries Jump by an Annual 115% in January
(Xpeng) Xpeng Inc. posted 12,922 deliveries of smart electric vehicles in the first month of 2022, up 115% from the prior year. January deliveries mean that Xpeng has closed the…
JPMorgan Strategists Makes a Buy Call for Small Caps, Says Market Is Overdone
(Bloomberg) JPMorgan strategists say small cap stocks and cyclicals are attractive buys after the recent dip, pointing out that they have already priced for an unlikely economic recession. Led by…
Coinbase Now Supports Solana Ecosystem Tokens, SOL Surges
(CoinDesk) Solana’s native token SOL surged more than 17% to trade above $100 as the US crypto exchange listed the network’s ORCA and FIDA tokens. The listing of the two…
Sony Announces $3.6 Bln Deal for Game Developer Bungie in Catch up With Microsoft
(Sony) Sony Interactive Entertainment will acquire US game developer Bungie in the latest deal seen as a response to Microsoft’s blockbuster offer for Activision Blizzard. The acquisition of Bungie, the…
NIO Deliveries Jump by 33.6% in January
(NIO) NIO Inc. delivered 9,652 vehicles in January 2022, up 33.6% from the prior year’s comparable month. The deliveries for January consisted of 1,531 flagship premium smart electric SUV or…
Texas Manufacturing Steady but Eases in January to an Index of 16.6
Source: Federal Reserve Bank of Dallas The production index gauging Texas manufacturing conditions remained on an above-average output growth level of 16.6, despite it being at the lowest in eight…
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