Kohl’s Soars on Premium $9B Takeover Bid Reports by Sycamore
(Reuters) Shares of Kohl’s Corp jumped 29% in premarket on Monday on reports that private equity firm Sycamore had submitted a $9 billion takeover offer. Sycamore is said to have…
Amigo Halves in Value as Investors Took Cover Over Difficulties in Rescue Plan
(Reuters) British subprime lender Amigo Holdings fell up to 58% on Monday after the company warned of insolvency following doubts of a business rescue plan of $131.18 million. The fall…
Eurozone Growth Falters to an 11-Month Low in January
(IHS Markit) Eurozone recorded a Composite Output Index of 52.4 in January, reflecting an eleven-month low as the service activity slowed due to Omicron impacts. Services activity took a hit,…
PBOC’s Liquidity Boost Continues as 14-Day Reverse Repo Is Cut by 10 Basis Points
(CNBC) The People’s Bank of China has reduced the 14-day reverse repo rate by 10 basis points to 2.25% in additional measures to inject liquidity into the banking system. Following…
Consumer Confidence Falls in the EU and Euro Area in January
(European Commission) Consumer confidence in the EU fell by 0.4 points in January from the previous month and was 0.1 points down in the euro area. Following the decline, the…
PBOC Lowers Rate Again, Overnight Lending Facility Reduced by 10 Basis Points
(Bloomberg) China’s central bank has reduced the rate on the shorter-term emergency policy loan or standing lending facility by 10 basis points to 2.9%. The central bank also cut the…
Peloton Stock Jumps as Preliminary Q2 2022 Revenue of $1.14B Meet Expectations
(Peloton) Peloton Interactive Inc. shares rose 5% on Friday after its preliminary second quarter of 2022 revenue hit $1.14 billion, within the guidance of $1.1 billion to $1.2 billion. The…
Intel Plans to Bolster Chip Production in $20 Billion Ohio Plant
(WSJ) Intel Corp. is reportedly seeking to invest more than $20 billion in Ohio’s new chip making facility. The plans come amid heightened demand for digital products and chip shortages…
Netflix Shares Sink 20% as Company Warns it Expects Lower Subscribers in Q1 2022
(Netflix) Shares of Netflix Inc. fell more than 20% in premarket trading on Friday as the company said it expects to add 2.5 million subscribers in the first quarter of…
UK Retail Sales Fall by 3.7% in December as Omicron Dampens Activity
(ONS) The UK posted a 3.7% decline in retail sales volume in December 2021, with some retailers citing the impacts of the Omicron variant. The fall in retail sales in…
Bitcoin Slides Towards 38K as Market Guess the Cause That Hit Major Cryptos
Bitcoin traded at a six-month low of $38,258 on Friday before recovering some gains in a wider crypto rout that saw some coins lose by double digits. ADA, which was…
Crude Oil Inventories Surge by 0.5M Barrels, Refinery Inputs Edge Lower
(EIA) US crude oil inventories rose by 0.5 million barrels in the week ending January 14 to hit 413.8 million barrels. In the week, crude refinery inputs were reported at…
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