Apple Revenue Jumps 11% to a Record in q1 2022, Teases Metaverse Plans
(Apple) Apple Inc. posted a record revenue of $123.9 billion in the first quarter of 2022, up 11% from the prior year. Apple’s Tim Cook attributed the record results to…
US Jobless Claims Fall by 30,000 to a Below-Estimate Level
(Department of Labor) The US posted a total of 260,000 jobless claims in the week that ended January 22, a decline of 30,000 from the previous week. The claims were…
Xilinx Shares Soar as Chinese Regulator Approves $35B Deal by AMD
(Bloomberg) Shares of Xilinx rose more than 8% on Thursday after Chinese regulators approved its $35 billion acquisition by Advanced Micro Devices Inc. The deal, which was unveiled in 2020,…
Netflix Soars as Bill Ackman Reveals at Least 3.1M Share Purchase
(Pershing Square) Shares of Netflix Inc. rose up to 6% on Thursday after hedge fund investor Bill Ackman said he had bought more than 3.1 million shares in the company.…
Coinbase Prepares to Welcome Solana-Based Tokens on the Exchange
(CoinDesk) US largest crypto exchange Coinbase is reportedly preparing to list Solana ecosystem tokens in its promise of including “every” allowable token. Coinbase is expected to allow withdrawals of “Solana…
European Banks Russian Exposure Warned of Sanctions if Moscow Invades Ukraine
(FT) The European Central Bank has told the banks under its jurisdiction having exposure to Russia to expect international sanctions if Moscow attacks Ukraine. Banks such as Citi in the…
China’s Online Tutoring Stocks Plummet as Reports of Crackdown Emerge
(Bloomberg) A Bloomberg Intelligence index gauging the stocks of China’s education firms has fallen by 27% in the last three days to the lowest since 2015 as renewed crackdown panic…
Deutsche Bank Posts a Decade-Record Net Profit in fy21, q421 Profit up 67%
(Deutsche Bank) Deutsche Bank posted a profit of 315 million euros in the fourth quarter of 2021, up 67% from the prior year, to help the company post the best…
Apple Wants to Make the iPhone a Payment Terminal With a New Service
(Bloomberg) Apple is set to rival Square after reports emerged that it has been working on a new service that lets merchants accept payment on their iPhones without the need…
Fed Hints at Faster Rate Hike, Starting Mid-March as It Winds Down Pandemic Relief
(Fed) Federal Reserve Chairman Jerome Powell says the central bank is ready to hike rates in its March 15-16 meeting, with more increases to follow at a faster rate than…
Crude Oil Inventories Increase by 2.4 Million Barrels in the US
(EIA) The US posted a total of 416.2 million barrels of crude inventories in the week that ended January 21, up by 2.4 million barrels from the previous week. Crude…
US New Home Sales Jump by 11.9% in December 2021
(Census Bureau) US sales of new houses rose by a monthly 11.9% to reach an adjusted annual rate of 811,000 in December 2021. The sales were still 14.0% below the…
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