SoFi Stock Soars as Quarterly Revenue Hits a Record After 54% Increase
(SoFi) Shares of SoFi Technologies rose more than 18% on Wednesday after reporting an adjusted record net revenue of $279.88 million in Q4 2021, up 54% from the previous year. …
IEA to Go for Emergency Crude Stocks as Oil Tops $100 Due to Ukraine Crisis
(Bloomberg) The International Energy Agency has agreed with other major economies to engage in a coordinated release of oil stockpiles following price rises above $100 a barrel. The IEA agreed…
US Manufacturing Output Improves in February Amid Easing Supply Chain
(IHS Markit) The US Manufacturing Purchasing Managers’ Index was recorded at 57.3 in February, accelerating from 55.5 in January. The increase in manufacturing activity reflected a sharper rise in new…
Target Corporation Soars 13% as FY21 Revenue Tops $100 Billion
(Target) Target Corporation stock rose 13% as its revenue in the fourth quarter of 2021 improved by 9.4% to $30.996 billion. Following the quarterly revenue increase, the total sales in…
Xpeng Deliveries Rise by 180% in February 2022
(Xpeng) Chinese electric vehicle maker Xpeng Inc. delivered 6,225 vehicles in February, representing a year-over-year increase of 180%. The deliveries in February consisted of 3,537 P7 smart sport sedans, 2,059…
Li Auto Stock Jumps 10% As Deliveries Rise 266% In February 2022
(Li Auto) Shares of Li Auto Inc. rose more than 10% on Tuesday after the company reported 8,414 vehicle deliveries in February, an increase of 265.8% from the prior year.…
Ukraine Unveils Plan For a “War Bond” in Support of Its Military
(FT) The Ukraine finance ministry says it plans to float a “war bond” to raise funds for its defense forces as it wrestles the Russian invasion. The government, through the…
Bitcoin Whales Rise 5% as Market Speculate Impact of Sanctions
(The Block) Bitcoin wallet addresses hoarding more than 1,000 BTCs rose almost 5% on the last day of February to reach a total of 2,226. The number is the highest…
Novavax Falls 7% as Q4 2021 Earnings Decline, Issues a Higher Guidance
(Novavax) Shares of Novavax Inc. dropped by more than 7% on Tuesday after reporting a revenue of $222 million in the fourth quarter of 2021, compared to $280 million in…
China’s Growth Beats Estimates in February as State Intervention Pay Off
(NBS) China’s manufacturing purchasing managers’ index improved to 50.2 in February, surpassing estimates of 49.8. The gains in manufacturing happen amid several measures to boost liquidity by the Chinese government,…
Zoom Revenue Jumps 21% in Q4 2022, Issues Guidance
(Zoom) Zoom Video Communications posted total revenue of $1.0714 billion in the fourth quarter of 2022, an increase of 21% from the prior year. For FY22, the revenue was reported…
eBay on Track to Start Accepting Crypto Payments, Says CEO
(CoinTelegraph) E-commerce giant eBay is set to integrate cryptocurrency payments soon. The internet marketplace firm is one of the oldest e-commerce platforms seeking to become the go-to platform for Gen…
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