SPCE Soars as Q421 Loss Narrows, Confirms Commercial Spaceflight Launch
(Virgin Galactic) Shares of Virgin Galactic Holdings Inc. surged more than 14% after reporting a net loss of $81 million in the fourth quarter of 2021, down from a loss…
Vipshop Tanks 10% As Revenues, GMV in Q4 2021 Fall. Issues Lower Guidance
(Vip.com) Shares of Vipshop Holdings Limited traded 10% lower on Wednesday after it reported a revenue of RMB34.1 billion or US$5.4 billion in the fourth quarter of 2021. The revenue…
US Mortgage Applications Fell 13.1% To a 2-Year Low Last Week
(Mortgage Bankers Association) Applications for mortgages in the US declined by 13.1% last week to hit the lowest since December 2019 as higher rates drove away home buyers. The decline…
Tenneco Stock Almost Doubles After a 100% Premium Purchase Deal by Apollo Funds
(Tenneco) Shares of Tenneco Inc. rose more than 96% on Wednesday, after it confirmed a purchase deal by Apollo Funds for $7.1 billion. The acquisition, at $20.00 per share, is…
Nu Holdings Jumps 10% as Revenue Rises 224% In Q4 2021, Customers Hit a Record
(Nu Holdings) Shares of Nu Holdings rose more than 10% on Wednesday as revenues surged 224.3% year-over-year to $635.9 million in the fourth quarter of 2021. Shares were also boosted…
Inflation Jumps to an Annual Rate of 5.1% in the Euro Area in January
(Eurostat) Euro area posted an annual inflation of 5.1% in January, accelerating from December’s 5.0% and last year’s 0.9%. In the EU, inflation was higher at 5.6% in January, more…
Barclays Boosts Bonuses by 23% As 2021 Profit Beats Estimates
(Barclays) Barclays bank bonus pool improved 23% to 1.9 billion pounds in 2021, after reporting a full year pretax profit almost triple from the prior year. The UK lender’s pretax…
NYSE Parent ICE Targets a Minority Stake in Tokenized Securities Firm tZero
(ICE) The Intercontinental Exchange Inc., the parent of the New York Stock Exchange, has announced it will take a “significant” minority stake in tZero Group, Inc. ICE says the stake…
US Private Sector Output Hits a 2-Month High in Feb. Amid Record Output Charges
(IHS Markit) US Composite Output Index was at 56.0 in February, the highest in two months and up from 51.1 in January as the economy rebounded from the Omicron impacts. …
Meritor Inc. Jumps 45% on Premium $3.7 Billion Acquisition by Cummins
(Cummings) Shares of Meritor Inc. rose more than 45% on Tuesday after it agreed to be acquired by Cummins Inc. in a deal of total transaction value of $3.7 billion.…
Macy’s Raises Quarterly Dividend by 5% As Net Sales in Q4 2021 Beat Estimates
(Macy’s) Macy’s Inc. raised its quarterly dividend by 5% and announced a $2 billion share repurchase after posting earnings that surpassed estimates. The company recorded revenues of $8.67 billion in…
Digital World Soars 26% As Donald Trump’s Truth Social Enters Apple’s App Store
(Reuters) Digital World Acquisition Corp. shares rose 26% on Tuesday after the debut of Donald Trump’s social media firm, Truth Social, on Apple’s App Store. Following the debut, Truth Social…
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