Moderna Jumps 6% As Net Income More Than Triples in Q1 2022
(Moderna) Moderna reported a net income of $3.7 billion in the first quarter of 2022, an increase of more than 300% from $1.2 billion in the prior year. The robust…
Eurozone Expansion Reaches a 7-Month High in April as Service Activity Pick Steam
(S&PGlobal) The overall Composite Output Index in the euro area was at a seven-month high of 55.8 in April, up from 54.9 in March. The robust growth reflected a strong…
Equinor Books $1.08B Impairment From Russian Exit Amid Revenue Double
(EnergyVoice) Equinor has incurred $1.08 billion impairment since announcing a cessation of new investments in Russia in a move to exit the country. The energy giant said that the increased…
US-Listed Chinese Stocks Slip on Reports of Didi Probe
(Bloomberg) Shares of Didi Global dropped more than 6% on Wednesday, leading declines among Chinese stocks listed in the US exchanges amid crackdown concerns. The decline in Didi followed news…
AMD Reports a Record $5.9B Revenue in the First Quarter of 2022
(AMD) Advanced Micro Devices revenue in the first quarter of 2022 rose by 71% to a record $5.9 billion, with double digit growth in each of its core businesses. The…
Airbnb Bookings Rises 59% in Q1 2022 to Above Pre-pandemic Levels
(Airbnb) Airbnb reported 102.1 million nights and experiences bookings in the first quarter of 2022, up by 59% from the prior year. The bookings marked the first time Airbnb surpassed…
Lyft Plunges 26% as Disappointing Outlook Amid a Lower Loss in Q1 2022
(Lyft) Shares of rideshare firm Lyft fell more than 26% on Wednesday after a disappointing outlook clouded a robust first quarter 2022 earnings. Lyft said it expects an EBITDA of…
US Factory Orders Accelerate With a 2.2% Jump in March
(Census Bureau) The total new orders for manufactured goods in the US were $557.3 billion in March, an increase of 2.2% or $11.8 billion. The increase in factory orders in…
Dubai Courts The Sandbox for the World’s First Metaverse Regulator Headquarter
(WAM) Dubai’s Virtual Asset Regulatory Authority has announced plans to enter the metaverse through a Sandbox-based headquarters. VARA said that its presence in the metaverse is the start of a…
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…
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