Valkyrie Files for Bitcoin Miners ETF With the SEC
(SEC Filing) Valkyrie Bitcoin Miners ETF will be a new product on Nasdaq following a new filing by the crypto asset manager with the Securities and Exchange Commission. Valkyrie Bitcoin…
Jinko Solar More Than Doubles in Shanghai Public Market Debut
(Bloomberg) Shares of solar giant Jinko Solar Co. rose more than 111% as it marked its first day of trading following a listing in Shanghai. Jinko shares jumped up to…
North American Semiconductor Billings Ease 0.5% in December 2021
(SEMI) Semiconductor equipment manufacturers in North America recorded $3.92 billion in billings in December 2021, down by 0.5% from the final November level. The December billings were still the second-highest…
Microsoft Issues a Consensus-Beating Cloud Sales Forecast as Q2 22 Rev. Jump 20%
(Microsoft) Microsoft Corp. announced revenue of $51.7 billion in the second quarter of 2022, up 20% from the prior year and above estimates of $50.88 billion. Microsoft said that robust…
IMF Downgrades Global Growth to 4.4% in 2022 as China, US Falter
(IMF) The International Monetary Fund says the global economy will grow by 4.4% this year, below its October forecast of 4.9%. The IMF cites weak prospects in China and the…
US Consumer Confidence Falls in January but Inflation Concerns Continue to Wane
(The Conference Board) The US Consumer Confidence Index hit 113.8 in January, down from 115.2 in December, a downturn after three straight months of gains. Consumers’ assessments the current labor…
Aerojet Plunges 16% as FTC Raises Concerns Over Merger Plans With Lockheed
(Aerojet Rocketdyne) Shares of Aerojet Rocketdyne fell up to 16% on Tuesday on news that the US Federal Trade Commission had raised antitrust claims on a merger deal with Lockheed…
Lockheed Martin Earnings in Q4 2021 Tops $2 Billion, Issues Guidance
(Lockheed Martin) Lockheed Martin reported net earnings of $2.049 billion or diluted earnings per share of $7.47 in the fourth quarter of 2021, an increase from $1.792 billion in the…
Nio Gives “Employee-Only” NFTs Amid Previous Hard Stance on Crypto
(Cnevpost) Chinese electric vehicle maker Nio is giving its workers NFTs in its first move indulging in cryptocurrencies. Nio will distribute both digital and physical copies of the NFTs via…
J&J Sales in Q4 21 Miss Estimates, Upgrade Covid-19 Vaccine Sales to $3.5B in FY22
(Johnson&Johnson) Johnson&Johnson announced total sales of $24.80 billion in the fourth quarter of 2021, up 10.4% from the prior year but below estimates of $25.29 billion. In FY21, Johnson&Johnson posted…
TSMC Rides on Chip Demand to Become the Most Valuable Company in Asia
(WSJ) Taiwan Semiconductor Manufacturing Co. is now the most valuable company in Asia, with a market cap of $600 billion, thanks to surging demand for semiconductors. Following the continued demand…
JPMorgan Is Optimistic of Stock Rebound, Says the Current Dip Is in the Final Stages
(Markets Insider) JPMorgan strategist Marko Kolanovic expects stocks to rise soon, warning that the recent decline is entering the “final stages” of the market correction. Kolanovic says that fears over…
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