Hello Group Stock Falls 9% As Q1 2022 Revenues, Net Incomes Decline
(Hello) Shares of Hello Group Inc. fell more than 4% on Tuesday after reporting net revenues of RMB3.148 billion or $496.6 million in the first quarter of 2022. The revenue…
Inside US Bipartisan Crypto Bill That Seeks to Classify Most Cryptos as Commodities
(CNBC) Senators Kirsten Gillibrand and Cynthia Lummis are ready to bring on board the first major bipartisan legislation that will tackle issues in the crypto sector. One of the main…
UK Service Sector Expands the Slowest in 15 Months in May
(S&P Global) UK Services PMI was recorded at 53.4 in May, down from 58.9 in April, signaling the weakest expansion since February 2021. The slowdowns in the UK service sector…
Kohl’s Rises Nearly 13% After Confirming Negotiations to Be Acquired by FRG
(Kohl’s) Kohl’s Corporation’s stock rose more than 12% on Tuesday after entering into negotiations with Franchise Group to be acquired at $60.00 per share. Kohl’s said that the exclusive negotiations…
Gitlab Stock Soars 12% As Q1 2023 Revenue Increases by 75%
(GitLab) Shares of GitLab rose almost 10% in premarket on Tuesday after reporting a revenue of $87.4 million in the first quarter of 2023. The revenue was 75% higher than…
BNB Falls Under SEC Radar in Alleged Security Offering Rule Breach
(Bloomberg) The world’s fifth-largest cryptocurrency BNB is under investigation by the US Securities and Exchange Commission on allegations it was offered as security in 2017. SEC reportedly argues that Binance…
Twitter Falls 4% as Musk Considers Abandoning $44B Deal
(FT) Twitter stock fell more than 4% on Monday after Elon Musk said he might abort the $44 acquisition deal. Musk said that Twitter failed to satisfy his demands regarding…
Biden Boosts Solar Stocks on Reports He Will Suspend Tariffs on Solar Panels
(Reuters) Shares of US Solar companies rose on Monday by double digits on reports that President Joe Biden will suspend tariffs on solar panels from four countries. Shares of Sunrun…
PancakeSwap’s Token Jumps Nearly 10% As Binance Discloses Investment
(Binance) PancakeSwap native token CAKE rose almost 10% on Monday after Binance Labs made a “strategic investment” in the utility governance token. Binance Labs said it intends to channel the…
Didi Stock Jumps 53% On Reports China Is Concluding Probes
(WSJ) Didi stock jumped more than 53% in premarket on Monday after reports emerged that Chinese regulators were concluding a probe on the ride-hailing giant. Reprieve was also reportedly granted…
What You Need to Know as Post-Split Amazon Stock Starts Trading
(SEC) Amazon shares start trading at around $122 on Monday, in line with the company’s 20-for-1 stock split already approved by shareholders. The stock split will take Amazon’s shares from…
China’s Services Activity Remains in the Contraction Zone but Improves in May
(S&P Global) China’s headline Business Activity Index was posted at 41.4 in May, the third straight month the gauge has indicated contraction in the service sector. The contraction in the…
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