US Trade Deficit Narrows by $1.0 Billion in February 2022
(Census Bureau) US recorded an international trade deficit of $106.6 billion in February, down by $1.0 billion from the previous month. The decline in deficit reflected a higher $1.9 billion…
Poly Jumps 48% on News of Premium $40 per Share Acquisition by HP
(HP) Shares of Poly rose more than 48% in premarket on Monday on acquisition by HP Inc. that values the company at $3.3 billion, inclusive of the company’s debt. The…
Xpeng’s Deliveries in Q4 2021 Jumps 222%, Revenues Rise More Than 200%
(Xpeng) Xpeng announced a total of 41,751 vehicle deliveries in the fourth quarter of 2021, an increase of 222% from the year. Xpeng said that its total revenues in the…
China’s Stocks Trade Lower as Shanghai Lockdown Causes Worry
(Bloomberg) China’s CSI 300 index fell more than 0.6% on Monday to its lowest in two weeks as authorities closed down the city of Shanghai in response to rising Covid-19…
Huawei Profits Rise 76% In 2021 but Revenues Fall For the First Time Ever
(Huawei) Tech giant Huawei reported a net profit of 113.7 billion yuan in 2021, an increase of 75.9% from the previous year. Despite the profit increase, the revenues of the…
Apple to Make 20% Fewer iPhone SEs on Impacts of Ukraine War, Inflation
(NIKKEI Asia) Apple is reportedly planning to cut its production of iPhone SEs by 20% next quarter as consumer electronics demand falls. The iPhone giant has also reduced orders for…
Coinbase is Closing a Deal to Acquire Brazil’s Leading Crypto Exchange Owner 2TM
(Estadão) US crypto exchange Coinbase is said to be in advanced talks to acquire 2TM, which owns Brazil’s largest crypto exchange Mercado Bitcoin. Discussions for the proposed acquisition have reportedly…
US Consumer Sentiment Maintains Low Levels as Inflation Remain a Thorn
(University of Michigan) The US consumer sentiment held at low levels in late March, with the index at 59.4, below 62.8 in February. The sentiment is now 30.0% below the…
Bitcoin Holding Addresses Are Now at the Highest Ever, as BTC Reclaims 45K
(IntoTheBlock) There were about 40.25 million Bitcoin holding addresses as of March 24, the highest level on record. The record BTC holding addresses comes when the cryptocurrency has staged a…
Nio Stock Falls 8% As Net Loss in Q4 2021 Widens by 54%
(Nio) Shares of Nio Inc. declined more than 8% on Friday after reporting a net loss of RMB2.143 billion or US$336.4 million in the fourth quarter of 2021, widening by…
Pot Stocks Maintain Gains as Voting on Federal Legalization Draws Closer
(Marijuana Moment) Shares of Tilray jumped 18% on Friday, adding gains after a 21% rise on Thursday as the US House heads to vote on federal legalization of Marijuana next…
UK Retail Sales Decline by 0.3% in February
(ONS) The volume of retail sales in the UK declined by 0.3% in February 2022, a downturn from an increase of 1.9% in January. Despite the February decline, the retail…
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