Euro Area Posts a 0.6% Twin Jump in GDP and Employment in the First Quarter
(Eurostat) Both the gross domestic product and employment increased by 0.6% in the euro area in the first quarter of 2022. In the EU, the GDP shot up by 0.7%,…
Bridgeless DeFi Transactions Are Coming, Thanks to a New Feature by DeversiFi
(CoinDesk) Decentralized exchange DeversiFi is initiating a new feature that will integrate multiple chains in a cost-efficient way. The new feature aims to solve the problem associated with the current…
Credit Suisse Stock Falls 6% After a Profit Warning in the Second Quarter
(Credit Suisse) Shares of Credit Suisse fell 6% on Wednesday after saying it was likely to record a loss in its second quarter. Credit Suisse blamed the war in Ukraine…
UK House Prices Jump by an Annual 10.5% in May to Cap Another Record High
(Halifax) House prices in the UK increased by an annual 10.5% in May to set a new record high of 289,099 pounds. The record high house prices happen after an…
Dave & Buster’s Stock Rises 4% as Q1 2022 Revenue Hits a Record
(Dave & Buster’s) Shares of Dave & Buster's Entertainment rose more than 4% on Tuesday after reporting a record revenue of $451.1 million in the first quarter of 2022. The…
US Trade Deficit Narrows by $20.6B in April as Exports Rise, Imports Fall
(Bureau of Economic Analysis) US trade in goods and services deficit was $87.1 billion in April, down from a deficit of $107.7 billion in March. The narrower trade deficit reflected…
Bermuda Welcomes First Digital Asset Bank to Cement Its Crypto Haven Status
(Jewel Bank) The Bermuda Monetary Authority has licensed the Jewel Bank to operate as a fully-fledged digital asset service provider. Upon issuance of the license, Jewel Bank will serve digital…
Target Cuts Guidance for the Second Quarter, Blames External Conditions
(Target) Target Corporation now expects an operating margin of around 2% in the second quarter, lower compared to the 5.3% it projected earlier. The retailer said that in the second…
Hello Group Stock Falls 9% As Q1 2022 Revenues, Net Incomes Decline
(Hello) Shares of Hello Group Inc. fell more than 4% on Tuesday after reporting net revenues of RMB3.148 billion or $496.6 million in the first quarter of 2022. The revenue…
Inside US Bipartisan Crypto Bill That Seeks to Classify Most Cryptos as Commodities
(CNBC) Senators Kirsten Gillibrand and Cynthia Lummis are ready to bring on board the first major bipartisan legislation that will tackle issues in the crypto sector. One of the main…
UK Service Sector Expands the Slowest in 15 Months in May
(S&P Global) UK Services PMI was recorded at 53.4 in May, down from 58.9 in April, signaling the weakest expansion since February 2021. The slowdowns in the UK service sector…
Kohl’s Rises Nearly 13% After Confirming Negotiations to Be Acquired by FRG
(Kohl’s) Kohl’s Corporation’s stock rose more than 12% on Tuesday after entering into negotiations with Franchise Group to be acquired at $60.00 per share. Kohl’s said that the exclusive negotiations…
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