Verizon Falls 6% as Earnings Fall in Q1 2022, Lowers Prior Guidance
(Verizon) Shares of Verizon Communicates traded 6% lower on Friday after reporting an EPS of $1.09 in the first quarter of 2020, lower than $1.27 in the prior year. The…
DWAC Gains 9% as Trump’s Truth Social Migrates to Rumble
(Rumble) Shares of Digital World Acquisition Corp. rose more than 9% on Friday after Donald Trump’s social media platform, Truth Social, migrated to the cloud through Rumble. Rumble said that…
Polygon Selected to Power Stripe’s New Feature for Crypto Payments in USDC
(CoinDesk) Stripe is onboarding Ethereum scaling platform Polygon to power its crypto payments using stablecoin USDC. Stripe says the initial crypto payouts will be made using USDC stablecoins native to…
UK Private Sector Grows the Slowest in 3-Months in April
Source: S&P Global The UK private sector slowed in April, with the activity index in services businesses hitting 57.6, a three-month low, and below 60.9 in the previous month. FTSE…
Bitcoin Core Update Allows Support for Apple’s M1 Family Chips
(Twitter) Web3 developer and researcher Zhixiong Pan has announced the release of the final update of the Bitcoin Core 23.0 version. Pan says the version includes the addition of macOS…
Eurozone Growth Hits a 7-Month High in April Amid Manufacturing Declines
(S&P Global) The Composite Output Index, gauging growth in the Eurozone, reached an index of 55.8 in April, a seven-month high and higher than 54.9 in March. Growth was mainly…
UK Retail Sales’ Weakness Continues ith a 1.4% Fall in March
(ONS) The UK recorded a 1.4% fall in retail sales volumes in March, accelerating from a decline of 0.5% the previous month. The largest contributor to the March decline in…
Snap Reports 18% Jump in Daily Users as Revenue Tops $1B in Q1 2022
(Snap) Snap Inc. reported 332 million daily active users in the first quarter of 2022, an increase of 18% from the prior year. The company said that its revenue grew…
Gap Inc. Plunges 11% As It Downgrades First Quarter Sales Forecast
(Reuters) Shares of Gap declined more than 11% in premarket on Friday after the company said it expects sales in the first quarter to fall in the low to mid-teens…
Why Morgan Stanley Thinks Crypto Would Be Widely Used as Currency
(CoinDesk) Morgan Stanley strategists say growing partnerships between payment companies and physical stores would make digital assets widely accepted as a form of currency. The bank cited the recent partnership…
Dow Inc. Posts a 58% Jump in Q1 2022 Net Profit
(Dow) Chemical maker Dow Inc. net income was $1.57 billion or $2.11 per share in the first quarter of 2022, up from $991 million or $1.32 per share in the…
US Jobless Claims Fell by a Marginal 2,000 Last Week
Source: Department of Labor US jobless claims totaled 184,000 in the week ending April 16, down by 2,000 from the previous week. SPY is up +0.78%, DXY is down -0.08%.…
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