Bed Bath & Beyond Jumps on Share Buy Back and Partnership With Kroger
(Bed Bath & Beyond) Shares of Bed Bath & Beyond Inc. rose up to 91% in late trading on Tuesday following news it would start selling baby and home goods…
Unemployment Rate Falls Marginally in the Euro Area and EU in September
(Eurostat) The unemployment rate in the euro area was 7.4% in September, a decline from 7.5% recorded in August. The rate was lower in the EU at 6.7%, down from…
The UK Service Sector Gains Traction Amid Record Inflation
(IHS Markit) Business activity in the UK increased in October, with the PMI jumping to 59.1 from 55.4 in September. The recovery pace was the strongest since July. New order…
Evergrande Delivers 184 Projects as it Shakes off Debt Crisis
(Reuters) China’s Evergrande delivered 184 property projects between July and October amid the debt crisis facing the company. Evergrande said that it had delivered homes to 57,462 owners in the…
Microsoft to Unveil Its Version of Metaverse With Digital Avatars
(Bloomberg) Microsoft has announced that it is working on its version of corporate metaverse with PowerPoint, Excel, and digital avatars. The software company is testing conferencing programs and Microsoft teams…
Zillow Stock Continues to Dive as Home Price Concerns Persist
(MarketWatch) Zillow Group Inc. shares fell more than 15% in premarket trading on Wednesday following concerns that most of the homes it had purchased were worth less than initial cost.…
Avis Budget Group Soars on Retail Frenzy Fueled by EV Prospects
(Bloomberg) Shares of Avis Budget Group Inc. rose as much as 218% to a record $545.11 following announced plans of a bigger role in facilitating electric car uptake in the…
Ralph Lauren Falls 6.7% as Investors Remain Less Upbeat Despite Sales Jump
(Ralph Lauren) Shares of Ralph Lauren Corp. fell up to 6.7% in New York trading, the most since May 20, despite reporting a 26% jump in Q2 2022 revenues to…
Pfizer Upgrades Revenue Guidance After an Expansion in Vaccine Shipment
(Pfizer) Pfizer announced that it is expecting $36 billion in vaccine sales revenue by the close of the year and $29 billion next year with the increasing vaccine shipment. Pfizer's…
IMF’s Georgieva Calls for More Vaccination to Tame Inflation and Avert Social Unrest
(Bloomberg) Kristalina Georgieva, the IMF’s Managing Director, says widespread global vaccinations can help address inflation fears and potential social unrest. Georgieva says that intensifying global vaccinations boost production everywhere and…
DuPont Enters Into Deal to Acquire Rogers Corporation for $5.2B
(Rogers Corporation) DuPont has agreed to acquire Rogers Corporation for a $5.2 billion all-cash transaction. Rogers shareholders will receive $277 in cash per share, about 33% premium of the company’s…
BP Performs Poorly in Carbon Emission Control, Research Shows
(Bloomberg) British Petroleum has come under pressure after data from the Permian Basin, US largest oil field, revealed that its operations were among the dirtiest among the firms operating there.…
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