US Houses Rose the Third-Highest on Record in February
(S&P Global) The index gauging the house prices in the US for its nine census divisions rose by an annual 19.8% in February, the largest-biggest gain in the 35-year series…
GE Narrows Loss to $0.99 per Share in Q1 2022, but Outlook Disappoints Wall Street
(GE) Shares of General Electric fell more than 3% in premarket on Tuesday after CEO Larry Culp warned that the company’s results were moving towards the low end of the…
UPS Reaffirms FY22 Financial Targets as First Quarter Revenues Jump 6.4%
(UPS) UPS reported a consolidated revenue of $24.4 billion in the first quarter of 2022, an increase of 6.4% from the prior year. The company’s consolidated operating profit was reported…
HSBC Reports a $1.1B Decline in Profit in Q1 2022 on Credit Charges
(HSBC) HSBC reported an after-tax profit of $3.4 billion in the first quarter of 2022, down by $1.1 billion from the previous year. The lower profit reflected credit losses and…
Why Dogecoin Creator Sees a Price Rally as Musk’s Twitter Bid Goes Through
(Zycrypto) Dogecoin creator Billy Marcus touts the acceptance of Dogecoin as a payment option as one of the key utility drivers of the cryptocurrency as Elon Musk takes over Twitter.…
Bored Ape Yacht Club Instagram, Discord Exploited for $13M
(Twitter) The Instagram and Discord servers of Bored Ape Yacht have been hacked, with about 54 NFTs of floor price of $13.7 million said to be stolen. Through a Twitter…
Nkarta Stock Soars 92% on Promising Results of Cancer-Treatment
(Nkarta) Shares of Nkarta Inc. rose more than 92% on Monday after the company announced positive outcome from a Phase 1 trial of its cancer treatment. Nkarta said that its…
Coca-Cola EPS Grows 23% as Revenues Hit $10 Billion
(Coca Cola) Coca-Cola reported a $0.64 earnings per share in the first quarter of 2022, an increase of 23% from the previous year. The company’s revenue was $10.5 billion in…
Twitter Gains 4% on Reports It Could Sell Itself to Musk as Soon as This Week
(WSJ) Twitter stock surged more than 4% on Monday after reported talks for a buyout by Elon Musk, with a deal expected as soon as this week. Musk is said…
Central African Republic Yet to Adopt Bitcoin as Legal Tender but Allows Legal Use
(Cointelegraph) The Central African Republic has legalized the use of crypto in its financial markets, but the country is yet to declare the digital assets as a legal tender. The…
Euro Area and EU Post Increases in Construction Output in February
(Eurostat) Production in construction improved by a monthly 1.9% in the euro area in February, while it also posted gains of 1.1% in the EU. The gains in construction output…
Nissan Shares Slip on Reports Major Shareholder Renault Could Cut Stake
(Reuters) Nissan Motor Co. shares fell more than 5% on Monday after reports emerged that its top shareholder Renault SA could reduce stake. Renault is said to have hinted of…
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