UK Retail Sales Rise by 0.8% in October as Online Transactions Fall
(ONS) The volume of retail sales in the UK in October rose by 0.8% from September, marking the first increase after several months of declines. Non-food stores posted a 4.2%…
Jobless Claims Fall by 1,000 to Mark Another Pandemic Low
(Department of Labor) US jobless claims for the week that ended November 13 was 268,000, down by 1,000 from the previous week. The claims missed an expected 260,000. The jobless…
Pfizer Secures Deal to Supply US With 10M Doses for Covid-19 Oral Antiviral Drug
(Pfizer) Pfizer Inc. has agreed to supply the US government with 10 million treatment courses of PAXLOVID, an oral antiviral drug candidate against Covid-19. The treatment courses will be delivered…
Alibaba Downgrades Guidance as Q2 2021 Earnings Miss Estimates
(Alibaba) Alibaba Group Holdings posted revenues of RMB200.69 billion or US$31.147 billion in the second quarter, up 29% from the prior year. The revenue missed an estimate of RMB204.93 billion.…
Nvidia Revenue Hits a Record After a 50% Jump in Q3 2022. Upgrades Guidance
(Nvidia) Nvidia revenue in the third quarter of 2022 was $7.10 billion, a record and a 50% jump from the prior year. Data Center revenue reached a record $2.94 billion,…
Paytm Marks Debut With a 26% Plunge as Investors Question Business Model
(FT) Shares of India’s biggest IPO Paytm fell about 26% on Thursday after market debut, with investors less upbeat about the company’s path to profitability. Investors raised concerns about Paytm’s…
Evergrande Shares Plunge After Agreeing to a $273M Deal to Sell Stake in HengTen
(Filing) Shares of embattled Chinese developer Evergrande fell about 5.7% on Thursday after news that it will sell its remaining stake of $273 million in HengTen Networks. The sale of…
US Crude Inventories Fall by 2.1M Barrels
Total crude oil inventories in the US for the week that ended November 12 was 433.0 million barrels, a decline of 2.1 million barrels from the previous week. Source: EIA…
Cassava Sciences Plummets 23% as the SEC Probes Experimental Alzheimer Drug Data
(WSJ) Shares of Cassava Sciences Inc. fell more than 23% on news that the SEC was examining whether the company manipulated data on their Alzheimer drug. The investigation by the…
Binance Moves Ahead of Regulation With a 10-point Crypto Rights
(Binance) Binance has come up with ten fundamental crypto rights, which CEO Changpeng “CZ” Zhao says reflects what the exchange considers most crucial in cryptocurrency regulation. The Binance CEO acknowledges…
Target Updates Guidance as Q3 2021 Revenues Jump 13.3%
(Target) Target Corporation reported total revenue of $25.7 billion in the third quarter of 2021, a 13.3% increase from last year. Comparable sales increased by 12.7% in the third quarter,…
Building Permits Jump 4% in October to Remain Elevated Above Last Year
(Census Bureau) US building permits rose by 4.0% in October from September to mark an annual rate of 1.650 million. The housing permits are now 3.4% higher than October 2020.…
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