UK Economy Grows 7.5% in 2021, the Most in 80 Years
(ONS) UK gross domestic product improved by 7.5% in 2021, the strongest since 1941, making it the fastest-growing economy in the developed world in the year. The robust GDP happens…
US Consumer Prices Jump by an Annual 7.5%, the Highest in 40 Years
(BLS) US inflation rose by 7.5% over the last 12 months to the end of January, above December’s rate of 7% and forecasted 7.2%. The rate was the highest since…
Twitter’s Earnings in Q421 Misses Estimates but Affirms Goal to Reach 315M DAUs
(Twitter) Twitter reported a revenue of $1.57 billion in the fourth quarter of 2021, up 22% from the prior year but below estimates of $1.58 billion. Growth in advertiser demand…
Delivery Hero Plunges 30% As FY22 Outlook Dampens Sentiment
(Delivery Hero) Shares of Delivery Hero fell by 30% on Thursday after the company said it expects its platform to reach breakeven level in FY22. The company said that it…
Bill Miller Likens Bitcoin to an Insurance Policy, Reveals Sizeable Holding
(Markets Insider) Legendary investor Bill Miller says Bitcoin is like an insurance policy that can guard against catastrophic financial events. Miller agreed with the notion that Bitcoin carries no intrinsic…
Credit Suisse Books $2.007 Billion Net Loss in the Fourth Quarter of 2021
(Credit Suisse) Banking giant Credit Suisse announced a net loss of $2.007 billion in the fourth quarter of 2021, more than a loss of $353 million in the fourth quarter…
Crypto.com to Feature as the Official Partner of Formula 1 Miami Grand Prix
(Crypto.com) Crypto.com has signed a nine-year deal allowing it to become the official partner of the new Formula 1 Miami Grand Prix. The deal will see Crypto.com’s logo printed on…
Walt Disney Stock Rides on Growing Subscriptions in Q1 2022 to Post 8% Gains
(Walt Disney) Walt Disney stock rose up to 8% on Thursday in premarket after the company announced Disney+ subscriptions of 129.8 million in the first quarter of 2022. The subscriptions…
Grab Soars as MSCI Announces Inclusion of Stock, 20 Others to the Global Index
(MSCI) Grab Holdings Ltd rose more than 8% on Thursday to extend gains from the previous day as MSCI Inc. announced that the stock was among 21 added to the…
Meta Starts Supporting Split Payments on Messenger, to Allow Disappearing Messages
(Meta) Facebook’s parent Meta will support split payments on Messenger for US users using an Android or iOS phone. To enjoy the split payments, users will be required to tap…
EIA Reports a 4.8M Barrels Decline in Crude Oil Inventories
(EIA) US stockpiles of commercial crude fell by 4.8 million barrels in the week that ended February 4, to 410.4 million barrels. Inventories of motor gasoline fell by 1.6 million…
Instagram Users to Turn Their Posts Into NFTs on Everlens Platform
(The Block) Everlens has announced the launch of an NFT marketplace for Instagram, allowing creatives to monetize their posts. Everlens says the over 1.4 billion Instagrammers will be able to…
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