(Bloomberg) The West Texas Intermediate oil rose to almost $120 a barrel on Monday after Saudi Arabia surprised markets with higher-than-expected crude price increases. Saudi Arabia increased the price of…
(S&P Global) US services sector showed slowdowns in May, with the PMI at 53.4, below 55.6 in April. The index signaled the slowest expansion since January. Domestic and foreign demand…
(Turning Point) Shares of Turning Point Therapeutics rose more than 116% on Friday after agreeing to be acquired by Bristol Myers Squibb at $76.00 per share. The all-cash deal values…
(Reuters) The shares of electric carmaker Tesla fell more than 8% on Friday after CEO Elon Musk said he needs to trim 10% of jobs in the company. The emailed…
(Bureau of Labor Statistics) US nonfarm payroll employment increased by 390,000 in May, surpassing estimates of a gain of 328,000. A majority of job gains were in leisure and hospitality,…
(S&P Global) Growth within the eurozone weakened in May, as the Composite Output Index edged to a four-month low of 54.8, compared to 55.8 in April. The service sector was…
(Bloomberg) Japan has passed a law that requires stablecoins to be linked to the yen or another legal tender in the wake of the collapsed TerraUSD token. The new law…
(Eurostat) Retail sales in the euro area and EU declined by 1.3% in April, compared to increases of 0.3% and 0.6%, respectively, in March. In the euro area, retail trade…
(FT) International investors using Hong Kong’s Stock connect trading scheme have accumulated RMB28 billion or $4.2 billion of mainland Chinese stocks over the past week. The addition of Chinese equities…
(Okta) Shares of Okta Inc. rose more than 15% in premarket on Friday after reporting a revenue of $415 million in the first quarter of 2023. The revenue was an…
(StoneCo) Shares of StoneCo Ltd rose more than 22% in premarket on Friday after posting revenue of R$2.07 billion, an increase of 138.6% from the prior year. In the quarter,…
(Lululemon) Lululemon netted a revenue of $1.6 billion in the first quarter of 2022, representing an increase of 32% from the last year. Revenue grew by 32% in North America…