GDP Growth Slows Slightly in the Euro Area and EU in the First Quarter
(Eurostat) The euro area posted a 0.2% increase in GDP in the first quarter of 2022, narrower than an expansion of 0.3% in the fourth quarter of 2021. In the…
Robinhood Stock Falls 11% After Reporting Lower Revenues, Users
(Robinhood) Robinhood stock plunged more than 11% after reporting revenues of $299 million in the first quarter of 2022, 43% lower than the comparable quarter of 2021. The brokerage firm…
Apple Nets a Quarterly Record Revenue of $97.3B in Q2 2022
(Apple) Apple reported a record revenue of $97.3 billion in the second quarter of 2022, an increase of 9% year-over-year. Apple said its operating income was $29.98 billion in the…
Chinese Stocks Jump as Beijing Schedules Meeting to Tame Crackdown
(SCMP) Chinese regulators will reportedly meet with the company’s Big Tech firms after the Labor Day holiday to discuss how the platforms can play a bigger role in the economy.…
Amazon Swings Into a $3.8B Loss in Q1 2022 as Online Sales Fall
(Amazon) Amazon reported a net loss of $3.8 billion in the first quarter of 2022, down from a net income of $8.1 billion in the comparable quarter of last year.…
Goldman Delves Further into Crypto with a Bitcoin-Backed Loan
(Bloomberg) Banking giant Goldman Sachs is pushing further into cryptocurrencies, with its first lending facility backed by Bitcoin owned by the borrower. Goldman said it was excited by the structure…
STEPN Native Tokens GMT, GST Surges on Reports of Potential Coinbase Listing
(Twitter) The native tokens of lifestyle app STEPN soared on reports that they would be available to trade on the U.S.-based crypto exchange Coinbase. The price of STEPN’s governance token…
T Stamp Gains by Triple Digits After Launching a Selfie-Based Authentication Solution
(Trust Stamp) T Stamp stock rose more than 173% on Thursday after the company launched a Biometric Multi-Factor Authentication solution. T Stamp claims that the new product will let users…
Pinterest Reports Users’ Fall as Q1 2022 Revenue Jumps 18%, Loss Narrows
(Pinterest) Pinterest reported 433 million Monthly Active Users in the first quarter of 2022, down 9% from the prior year. The social media company reported quarterly revenue of $575 million,…
Swvl Holdings Soar 48% After Agreeing to Acquire Zeelo in Global Push
(Swvl) Shares of Swvl Holdings Corp. rose more than 48% on Thursday after announcing a deal for Zeelo to become the global leader in mass transit. Swvl said that Zeelo…
US Economy Shrinks for the First Time Since 2020 in the First Quarter
(BEA) The US gross domestic product posted an annual decline of 1.4% in the first quarter of 2022, marking the first time the economy has contracted since 2020. The current-dollar…
Twitter’s Net Revenue Jumps 16% Amid Subscription Weaknesses
(Twitter) Twitter reported a net revenue of $1.20 billion in the first quarter of 2022, representing a gain of 16% from the previous year. The company said its advertising revenue…
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