US Consumer Sentiment Crashes 10.4% Back to March Lows in May
(University of Michigan) The index gauging the consumer sentiment in the US was 58.4 in May, down by 10.4% from April. Following the declines in May, the index is now…
Stablecoin USDT Is Now on Polygon, Tether Announces
(Tether) Tether has announced that it has launched its stablecoin USDT on Ethereum scaling platform, Polygon. USDT is expected to support Polygon’s decentralized finance ecosystem by availing a stable currency…
US Key Inflation Gauge Jumps 4.9% In April, Personal Incomes Rise
(BEA) US Federal Reserve’s preferred inflation gauge, the PCE price index, which excludes volatile food and energy, rose by 4.9% from the prior year. Including food and energy, the personal…
Viersen, Germany - January 9. 2021: Closeup of mobile phone screen with logo lettering of cannabinoid company canopy growth, blurred marijuana and pipette background
Canopy Growth Stock Shares Drop as Q4 2022 Revenue Plunges 25%
(Canopy Growth) Shares of Canopy Growth fell more than 12% in premarket on Friday after reporting net revenue of $111.8 million in the fourth quarter of 2022, down 25% from…
Pinduoduo Earnings in Q1 2022 Beats Estimates, Stock Jumps 8%
(Pinduoduo) Pinduoduo stock rose more than 8% in premarket on Friday after reporting revenue of RMB23.8 billion or $3.753 billion in the first quarter of 2022. The revenue was 7%…
Ethereum Leads in Market Liquidations of Over $520 as Price Slides Below $1,800
(Coinglass) Ether-tracked futures lost more than $236 million in 24 hours in a market turmoil that saw over $520 million wiped out from the market. The significant decline in Ether…
Marvell Technology Jumps 5% as Revenue in Q1 2023 Increases by 74%
(Marvell) Shares of Marvell Technology rose by more than 5% in premarket on Friday after the first quarter of 2023 revenue increased by 74% year-over-year to $1.447 billion. Marvel reported…
Gap Inc. Plunges 17% as Net Sales Fall 13% in the First Quarter, Posts a Loss
(Gap) Shares of Gap Inc. fell more than 17% on Friday in premarket after booking net sales of $3.5 billion, down by 13% from the prior year. The decline in…
Costco Reports a 16.3% Increase in Net Sales in Q3 2022
(Costco) Costco reported net sales of $51.61 billion in the third quarter of 2022, an increase from $44.38 billion in the comparable quarter of 2021. For the nine months ended…
US Pending Home Sales Fall 3.9% in April as Mortgage Rates Slow Activity
(NAR) The sales of pending homes in the US fell by a monthly 3.9% in April from March, marking its sixth straight month of decline. Contract signings fell in all…
Broadcom Agrees to a $69B Deal for Software Group VMware
(Broadcom) Broadcom has confirmed it will acquire cloud software firm VMware for $69 billion, including the outstanding debt. VMware shareholders can choose to receive $142.50 cash in the deal or…
ARK Invest Revives Its Spot Bitcoin ETF With SEC After Initial Rebuff
(Twitter) Cathie Wood’s ARK Investment Management has submitted another physical Bitcoin ETF to the US Securities and Exchange Commission. The ARK 21Shares Bitcoin ETF includes a proposed rule change from…
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