Oracle Stock Jumps 12% as Cloud Revenues Grows 19% Q4 2022
(Oracle) Oracle stock rose more than 12% on Tuesday as the company reported total revenue of $11.8 billion in the fourth quarter of 2022. The revenue was up 5% from…
Day One Biopharmaceuticals Doubles Value on Positive Results of Drug Trial
(Day One Biopharmaceuticals) Shares of Day One Biopharmaceuticals rose more than 110% on Monday after announcing positive initial data for its neuro-oncology treatment. Day One lauded positive initial data from…
Redbox Entertainment’s Puzzle Deal by Chicken Soup Amid Retail Frenzy
(Bloomberg) Redbox Entertainment traded at around $16.37 after jumping more than 23% on Monday in speculative market trading. Redbox stock has been on retail traders’ radar, with elevated trading volume.…
Binance Announces a Suspension of Bitcoin Withdrawals
(Twitter) Binance CEO Changpeng Zhao says a “stuck transaction” has caused a backlog on the network, which prompted a halt on Bitcoin withdrawals. Temporary pause of $BTC withdrawals on #Binance…
Prologis Agrees to Acquire Duke Realty at $26 Billion
(Prorogis) Warehouse giant Prologis has announced it will buy rival Duke Realty in an all-stock transaction valued at $26 billion. The deal entitles Duke Realty shareholders to 0.475 times a…
DWAC Tanks 8% After Getting Another SEC Subpoena
(Filing) Shares of the blank-check company Digital World Acquisition Corp. fell more than 8% on Monday after revealing another subpoena from the Securities and Exchange Commission. DWAC, which is seeking…
Tron Guards Against Short Squeezes With $2B Reserve Deployment
(Twitter) Tron founder Justin Sun has moved with speed to deploy $2 billion worth of reserves as short-sellers circled the token. Funding rate of shorting #TRX on @binance is negative…
China’s Online Education Stocks Jump as Viral Tutoring Videos Raise Revival Hopes
(Bloomberg) Shares of online education platforms added double digits on Monday on speculation that China may relax the grip that has sent the stocks tumbling this year. The gains followed…
Celsius Pauses Withdrawals Sending Native Token Down 45%
(Celsius) Celsius native token CEL fell more than 45% on Monday after the crypto lending service announced a pause on withdrawals. The crypto lender also said it would suspend swap…
US Inflation Accelerates With a Monthly 1.0% Jump in May to Cap a 4-Decade High
(Bureau of Labor Statistics) US consumer prices increased by a monthly 1.0% in May, accelerating from a gain of 0.3% in April. The energy index surged by a monthly 3.9%…
UP Fintech Revenues Decline 35% In the First Fiscal Quarter, Shares Fall
(UP Fintech) Shares of UP Fintech Holdings fell more than 5% on Friday after reporting total revenues of $52.6 million in the first quarter of 2022. The revenue was 35.2%…
Stitch Fix Crashes 16% as Revenue Declines While Losses Widen in Q3 2022
(Stitch Fix) Shares of Stitch Fix fell more than 16% on Friday after reporting a revenue of $492.9 million in the third quarter of 2022, down 8% year-over-year. The company…
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