Tilray Announces $52.5M Net Income in Q3 2022, Rev. Jumps 23%
(Tilray) Tilray reported a net income of $52.475 million in the third quarter of 2022, an increase from a loss of $258.6 million in the comparable quarter of last year.…
Spirit Airlines Confirms a $33 a Share Offer by JetBlue. Better Than Frontier’s Offer?
(Spirit) Budget air carrier Spirit Airlines said it received an unsolicited offer to be acquired by JetBlue Airways for a $33 a share cash deal. Spirit announced that its board…
Rivian Produced 2,553 Vehicles in Q1 22, Says Its on Course to Reach Annual Target
(Rivian) Rivian Automotive announced that it produced 2,553 vehicles at the Normal, Illinois, facility in the first quarter of 2022. The company said it delivered 1,227 vehicles in the same…
Eurozone Construction Activity Rises the Slowest in 5 Months in March
(S&P Global) Eurozone Construction PMI was recorded at 52.8 in March, dropping from 56.3 in February, underlying the slowest expansion since October. Construction firms attributed the March slowdowns partly to…
Bitcoin Slides to $45K as Major Crypto’s Tumble on Hawkish Tone by Fed
(CoinDesk) Bitcoin traded around $45,300 on Wed. as major cryptocurrencies fell after Fed Governor Lael Brainard said that the central bank would shrink the balance sheet rapidly. Brainard said that…
HSBC Onboards Wealthy Asian Clients Into the Metaverse With a New Fund
(Bloomberg) Banking giant HSBC has created a fund that seeks to catapult wealthy private banking clients in Hong Kong and Singapore into the $800 billion world of virtual realities. HSBC…
US Service Firms Registers the Quickest Expansion in Output in 4 Months
(S&P Global) Service firms in the US recorded the fastest rise in output in four months as growth in demand prompted surges in new orders. The steeper rise in service…
Sunshine Biopharma Jumps 180% on News of Cancer Destroying mRNA Molecules
(Sunshine) Shares of Sunshine Biopharma Inc. rose more than 180% on Tuesday after saying two of its designed mRNA molecules could neutralize cancer cells grown in culture. Sunshine said that…
MicroStrategy Snaps up 4,167 More Bitcoins
(SEC) MicroStrategy has bought 4,167 BTCs worth $190.5 million to take total ownership to 129,218 Bitcoins. The bitcoin buys happened between February 15 and April 4, with the company paying…
GM and Honda Partner to Develop Affordable EVs for Popular Vehicle Segments
(General Motors) Automakers General Motors and Honda will co-develop a series of affordable electric vehicles that will target the most popular vehicle segments globally. The companies will share their technology,…
Eurozone Output Growth Slides to a 2-Month Low in March but Remains Robust
(IHS Markit) The Composite Output Index in the eurozone was recorded at 54.9 in March, a two-month low, compared to a reading of 55.5 in February. The output index was…
System1 Jumps 12% as Revenue Rises 48% in Q4 2021, Upgrades Guidance
(System1) Shares of System1, Inc. rose more than 12% in premarket on Tuesday after reporting a revenue of $239 million in the fourth quarter of 2021, up 48% from the…
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