Ford Announces a 18.8% Decline in China Vehicle Sales in Q1 2022
(Ford) Ford sold about 125,000 vehicles in China in the first quarter of 2022, a decline of 18.8% from the same period of last year. The fall in the vehicle…
US Mortgage Rises Hits 5%, the Highest in More Than a Decade
(WSJ) US mortgage rate for the 30-year loan is estimated at 5%, up from 4.72% last week and the highest since early 2011. The rise in mortgages happens after remaining…
US Jobless Claims Rose by 18,000 Last Week
(Department of Labor) The US reported a total of 185,000 jobless claims in the week that ended April 9, up by 18,000 from the previous week. On a four-week moving…
Citigroup’s Net Income Drops 46% In the First Quarter of 2022
(Citi) Citigroup reported a net income of $4.3 billion in the first quarter of 2022, a decline compared to incomes of $7.9 billion in the prior year. The lower earnings…
Morgan Stanley Reports $0.4B Decline in Q1 2022 Earnings
(Morgan Stanley) Morgan Stanley earned a net income of $3.7 billion in the first quarter of 2022, a decline from an income of $4.1 billion from the prior year. The…
Twitter Shares Jumps 12% After Elon Musk Offers $54.20 a Share Buyout
(CNBC) Shares of social media giant Twitter rose more than 12% in premarket on Thursday after biggest shareholder Elon Musk offered to take it private at $54.20 a share. Musk…
TSMC Expects Higher Sales Ahead as Q1 2022 Earnings Jump 45%
(TSMC) Taiwan Semiconductor Manufacturing Co. reported a net income of NT$202,733 billion or $7 billion in the first quarter of 2022, an increase of 45.1% from the prior year. TSMC…
Ericsson Stock Falls 6% As Q1 202 Net Income Drops
(Ericsson) Shares of Ericsson fell more than 6% on Thursday after reporting a net income of SEK2.9 billion in the first quarter of 2022, down by 8% from the prior…
EIA Reports a 9.4M Surge in US Crude Oil Inventories
(EIA) US stockpiles of crude inventories were 421.8 million barrels in the week that ended April 8, an increase of 9.4 million barrels from the previous week. The rising inventories…
Bed Bath & Beyond Laments Global Disruptions as Sales Tank 22% in Q4 2021
(Bed Bath & Beyond) Bed Bath & Beyond reported net sales of $2.051 billion in the fourth quarter of 2021, down 22% from the prior year. Bed Bath & Beyond…
BlackRock Profit Jumps 20% In Q1 2022, AUM Dips
(BlackRock) The world’s largest asset manager, BlackRock, netted an income of $1.4 billion or $9.35 per share in the first quarter of 2022, an increase of 20% from the prior…
Luna Foundation Grows Its BTC Reserves Again, Adds $100M of the Cryptocurrency
(Twitter) The Luna Foundation Guard has bought another $100 million worth of BTC as the price of the cryptocurrency edges lower. The latest buy means that LFG now holds about…
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