Kroger Grows Identical Sales by 4.1% as Q1 2022 Results Beat Estimates
(Kroger) Kroger reported a 4.1% increase in identical sales, without fuel, in the first quarter of 2022. The increase compares to a decline of a similar margin in the prior…
Ferrari N.V. Targets 60% Hybrid and Fully Electric Offerings by 2026
(Ferrari) Ferrari N.V. says 60% of its product offerings will be hybrid and fully electric by 2026 while continuing with the evolution of the internal combustible engines. While detailing its…
Yahoo to Host Virtual Vents for Hong Kong Residents in Decentraland
(Cointelegraph) US-based internet media Yahoo has announced it will host several virtual events and concerts for Hong Kong residents in the Decentraland. Yahoo’s Hong Kong head of audience, Lorraine Cheung,…
Fed Hikes Benchmark Rate by 0.75pp, Could Hike Similarly in Next Meeting
(Fed) The Federal Reserve has raised the key interest rate by 0.75 percentage points in a move to confront the inflation rate, which is hovering around a four-decade high. Following…
Nio Jumps 5% After Unveiling a New Mid-Range SUV
(Bloomberg) Shares of Nio Inc. rose more than 5% on Wednesday after unveiling a five-seater SUV, with a driving range of 485 kilometers or 300 miles. The new car, ES7,…
ECB Emergency Meeting Concludes With a Plan for a New Bond Buying
(ECB) The European Central Bank has said it will accelerate the design of a new anti-fragmentation instrument to address borrowing costs in weaker economies. In a statement following the conclusion…
Cheniere Energy Announces the Repurchase of $340M Shares From Carl C. Icahn
(Cheniere) Cheniere Energy Inc. has repurchased about $350 million worth of shares controlled by affiliates of Carl C. Icahn. Cheniere says it bought the shares for $130.52 per share, the…
Hertz Jumps 6%s After Announcing Another $2.0B Share Repurchase Program
(Hertz) Hertz Global Holdings rose more than 6% on Wednesday after approving a new $2.0 billion share repurchase program. The new authorization comes after Hertz announced another $2.0 billion buy-back…
Tron DAO Takes Off 2.5B TRX From Binance as Depeg Concerns Heighten
(Twitter) Tron DAO Reserves announced, on Wednesday, the withdrawal of 2.5 billion TRX tokens from Binance amid ongoing concerns over the depeg of USDD. The DAO said that the withdrawal…
Bitcoin Remains Vulnerable at $20K as Exchange Inflows Almost at a 4-Year High
(CryptoQuant) Major crypto exchanges recorded 83,481 net Bitcoin inflows on June 14, the highest since the 2018 influx. The heightened inflows are a sign of investors exiting their positions and…
European Equities Rally as ECB Schedules an Emergency Meeting
(Bloomberg) The Stoxx Europe 600 rose almost 1% on Wednesday as most other indexes gained amid speculations that ECB’s emergency meeting would address selloffs. The European Central Bank announced an…
Coinbase Downgraded to Neutral at JPMorgan Amid 18% Staff Cuts
(CoinDesk) JPMorgan has cut the price target of crypto exchange Coinbase to $68 from $171. The strategists also gave a neutral from overweight rating. The banking strategists believe that Coinbase…
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