US Service Firms Registers the Quickest Expansion in Output in 4 Months
(S&P Global) Service firms in the US recorded the fastest rise in output in four months as growth in demand prompted surges in new orders. The steeper rise in service…
Sunshine Biopharma Jumps 180% on News of Cancer Destroying mRNA Molecules
(Sunshine) Shares of Sunshine Biopharma Inc. rose more than 180% on Tuesday after saying two of its designed mRNA molecules could neutralize cancer cells grown in culture. Sunshine said that…
MicroStrategy Snaps up 4,167 More Bitcoins
(SEC) MicroStrategy has bought 4,167 BTCs worth $190.5 million to take total ownership to 129,218 Bitcoins. The bitcoin buys happened between February 15 and April 4, with the company paying…
GM and Honda Partner to Develop Affordable EVs for Popular Vehicle Segments
(General Motors) Automakers General Motors and Honda will co-develop a series of affordable electric vehicles that will target the most popular vehicle segments globally. The companies will share their technology,…
Eurozone Output Growth Slides to a 2-Month Low in March but Remains Robust
(IHS Markit) The Composite Output Index in the eurozone was recorded at 54.9 in March, a two-month low, compared to a reading of 55.5 in February. The output index was…
System1 Jumps 12% as Revenue Rises 48% in Q4 2021, Upgrades Guidance
(System1) Shares of System1, Inc. rose more than 12% in premarket on Tuesday after reporting a revenue of $239 million in the fourth quarter of 2021, up 48% from the…
Washington Stops Russia from Paying $600M Sovereign Debt from US Reserves
(Reuters) President Joe Biden administration has moved to curtail the Russian government from paying holders of its sovereign debt from reserves held with the US banks. The payment, more than…
Bitcoin Exchange Outflows One of the Highest as Price Eyes $47K
(Glassnode) The aggregate Bitcoin exchange outflows reached a rate of 96,200 BTC per month, with the last time it hit the level being in March 2020. Glassnode says that such…
Jumia Rallies 30% As It Announces UPS Partnership for Africa’s Expansion
(Jumia) Shares of Jumia Technologies AG rose more than 30% on Monday after inking a deal with the United Parcel Services Inc. for an expanded distribution network. The deal is…
NIU Stock Jumps 12% As EV Sales Jump 9.4% In the First Quarter of 2022
(NIU) NIU Technologies announced 163,659 units of electric vehicles sold in the first quarter of 2022, up 9.4% from the prior year. NIU said that the number of units the…
Ford’s Retail Sales Grew 23% in March but US Volume Plummets by a Quarter
(Ford) Ford said that its retail sales in March increased by 23.2% compared to February, underlining the company's improvement in production and inventory. F-Series posted a record 50,000 new retail…
Hertz Accelerates Electrification Efforts With Deal to Acquire 65,000 EVS From Polestar
(Hertz) American car rental company Hertz has announced a deal to buy up to 65,000 electric vehicles from Polestar over five years. The move marks a further acceleration of the…
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