Euro Area Producer Prices Jump by 5.3% In March, Higher in the EU
(Eurostat) Producer prices increased by 5.3% in the euro area in March from February, and 5.4% in the EU. The producer prices had increased by 1.1% in both regions in…
Pfizer Cuts 2022 Guidance as First Quarter Revenue Grows 82%
(Pfizer) Pfizer expects lower revenues in FY22 than previously guided, despite reporting an 82% growth in first quarter revenue to $25.7 billion. Pfizer said that the stronger revenues in the…
UK Manufacturing Activity Crawls Back in April Amid Cost Bottlenecks
(S&P) The PMI gauging the manufacturing activity in the UK was recorded at 55.8 in April, rising from March’s five-month low of 55.2. Manufacturing output was noted to have increased…
Cardano’s Whales on a 5-Week Accumulation Spree Amid Increase in Block Size
(Santiment) Key whale addresses accumulating Cardano have risen for the fifth straight week, despite ADA price declining to the lowest in fifteen months. Santiment data indicates that Cardano addresses holding…
Chegg Stock Plunges 36% After Cutting Its Forecast as Online Learning Lean Back
(Chegg) Shares of Chegg Inc. fell more than 36% in premarket on Tuesday. Online-education company projected lower earnings in the second quarter and FY22. In its first quarter 2022 earning’s’…
Argentina’s Leading Banks, Banco Galicia and Brubank, to Allow Crypto Purchases
(Bloomberg) Banco Galicia and Brubank, the two largest private banks in Argentina, have said they will allow crypto purchases. Banco Galicia’s online interface is reported to have started supporting various…
BP Shares Rise 5% After Boosting Buyback Amid Record Loss on Russian Exit
(BP) Shares of British Petroleum jumped 5% on Tuesday after boosting its stock repurchases to $2.5 billion, compared to February increment to $1.5 billion. BP boosted share repurchase reflected a…
Algorand Soars as FIFA Announces Blockchain Its Official Sponsor in Qatar
(FIFA) Algorand’s native token ALGO rose by double digits on Tuesday after FIFA announced the blockchain platform as its official sponsor of the 2022 World Cup in Qatar. The agreement…
On Semiconductor Corp. Reports a Record Revenue of $1.95B in Q1 2022
(onsemi) On Semiconductor Corp. earned a record $1.945 billion revenue in the first quarter of 2022, up 31% from the prior year. The company said that it delivered a record…
US Manufacturing PMI Rises to a 7-Month High but Geopolitics and Costs a Concern
(S&PGlobal) The headline for the US Manufacturing PMI was 59.2 in April, an increase from 58.8 in March. The rate of growth was the quickest since September. The improvement in…
Spirit Airlines Endears Deal with Frontier Compared to JetBlue
(Spirit) Spirit Airlines says JetBlue’s offer does not constitute a “superior proposal,” and will instead consider a merger with Frontier Airlines. Spirit Airlines says that its board, together with outside…
Crypto.com Token Falls as Network Cu Card Rewards Significantly
(Crypto.com) Crypto.com token CRO crashed more than 11% on Monday after the company revised its rewards on Visa-enabled cards downwards. Crypto.com said that rewards on lower-tries, including Midnight Blue and…
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