US Crude Stockpiles Fall by 1.0M Barrels, Imports Also Edge Lower
(EIA) The US reported a total of 419.8 million barrels of commercial crude oil inventories in the week ending May 20, a decline of 1.0 million barrels from the prior…
Covetrus Jumps 4% After Agreeing Deal to Be Acquired by CD&R and TPG for $4B
(Covetrus) Shares of Covetrus rose more than 4% on Wednesday after announcing it will be acquired by funds affiliated to Clayton, Dubilier & Rice, and TPG Capital. The acquirers will…
Dicks Sporting Goods Stock Falls as Q1 2022 Comparable Sales Decline 8.4%
(DICK’S) Shares of Dicks Sporting Goods fell more than 6% as comparable store sales in the first quarter of 2022 came 8.4% lower compared to prior year’s 117.1% increase. Dicks…
Terra Community Passes Do Kwon’s Proposal to Fork Blockchain
(Terra) Terra co-founder Do Kwon's proposal to create a new blockchain has earned the support of 65.5% of the community members. 13.2% of members voted no, while 20% abstained. Under…
Express Stock Soars as Q1 2022 Revenue Rises 30%, Upgrades Guidance
(Express) Express Inc. shares rose more than 10% in premarket on Wednesday after reporting net sales of $450.8 million, up 30% from the prior year. The company said that its…
Mortgage Demand Submerges Further Despite Rates Easing to 5.46%
(MBA) Applications for home loan refinancing fell by 2% last week to remain 75% below the prior year, despite mortgage rates showing signs of slowing down. Homebuyers pulled back, with…
Photronics Q2 2022 Net Income Almost Triples From Last Year, Stock Jumps
(Photronics) Shares of Photronics, Inc. rose more than 10% on Tuesday premarket after it reported a net income of $29.8 million or $0.49 per share in the second quarter of…
Wendy Rises 12% After Agreeing to Review an Offer by Largest Shareholder Trian
(Wendy) Shares of Wendy Company rose more than 12% in premarket on Wednesday after the company said it will review any proposal submitted by its largest shareholder Trian. Trian Fund…
Nordstrom Jumps 9% as Q1 2022 Sales Increase 18.7%, Updates Guidance
(Nordstrom) Shares of Nordstrom Inc. rose more than 9% in premarket on Wednesday after reporting total revenues of $3.569 billion in the first quarter of 2022. The revenues were higher…
Stripe App Marketplace to Allow Instant Fiat-to-Bitcoin Conversions Via OpenNode
(OpenNode) Stripe has partnered with BTC payments infrastructure firm OpenNode to allow its merchant customers to convert all or a portion of their incoming payments to Bitcoin. The anticipated OpenNode…
ECB Survey Finds 10% of Households Own Crypto, Flags Risks of Institutional Entry
(ECB) Around 10% of households in the eurozone have bought crypto assets, according to a survey by the European Central Bank. The ECB research established that retail investors represented the…
Sales of New Homes in the US Decline by a Monthly 16.6% In April
(Census Bureau) The total sales of new single-family houses in the US were at an annual rate of 591,000 in April, declining from 709,000 in March. Following the decline, the…
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