US Borrowing Costs Are Slowing Down Again as Mortgage Rates Hit 5.09%
(Bloomberg) Mortgage rates fell for the third straight week to hit 5.09% in further promising signs of a cooling market. The rate, which reflected costs on the 30-year loan in…
Orders for Manufactured Goods in the US Rises by a Slower 0.3% in April
(Census Bureau) New orders for manufactured goods in the US rose by 0.3% or $1.8 billion to $533.2 billion in April, slower compared to a jump of 1.8% in March.…
US Private Jobs Rise by 128,000 in May as Small Businesses Record Outflows
(ADP National Employment) A total of 128,000 jobs were generated in the US private sector from April to May. A bulk of payrolls in the private sector came from large…
OPEC+ Could Reportedly Hike Its Planned Oil Output by 50%
(Bloomberg) A panel of ministers of the oil cartel OPEC+ has reportedly recommended adding 648,000 barrels a day of oil in the market in July and August. The intended boost…
Immunic Inc. Stock Crashes 57% as Top-Line Data of Oral DHODH Inhibitor Misses
(Immunic) Shares of Immunic, Inc. fell 57% on Thursday after top-line data for its phase 2 CALDOSE-1 trial of lead asset, vidofludimus calcium, failed to achieve primary endpoint. The company…
Immatics Grows Revenue by More Than 1,200% in the First Quarter 2022
(Immatics) Immatics NV reported revenue of 102.9 million euros or $114.2 million in the first quarter of 2022, an increase from 7.4 million euros or $8.2 million in the prior…
Producer Prices Increase Slower in the Euro Area, EU in April as Energy Costs Cool
(Eurostat) Industrial producer prices increased by 1.2% in the euro area in April 2022, compared to a higher gain of 5.3% in March. In the EU, producer prices increased by…
C3 AI Stock Plunges Nearly 25% After Guiding Lower Revenue in Q1 2023
(C3 AI) C3 AI shares fell almost 25% in premarket on Thursday after guiding revenue of between $65 million to $67 million in the first quarter of 2023. The revenue…
GameStop Net Sales Grow to $1.378 Billion in Q1 2022, but Loss Widens
(GameStop) GameStop reported net sales of $1.378 billion in the first quarter of 2022, higher than sales of $1.277 billion in the comparable quarter of 2021. Despite a sales jump,…
Solana’s Native Token SOL Falls 11% as Another Outage Hits Network
(Twitter) Solana’s native token fell more than 11% in 24 hours after the network went down for four hours, prompting a restart by validators. Block production on Solana Mainnet Beta…
Chewy Stock Jumps 16% As Net Sales in Q1 2022 Increases by 13.7%
(Chewy) Shares of Chewy rose more than 16% in premarket on Thursday after booking net sales of $2.43 billion in the first quarter of 2022. The sales were 13.7% higher…
US Manufacturing Continues Expansion as Demand Expands in May
(ISM) The Manufacturing PMI in the US was registered at 56.1 in May, representing a gain of 0.7 percentage points from 55.4 in April. The May PMI reflected growth in…
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