TSMC Reports a Record $5.6 Billion Revenues in December
(TSMC) Total revenues of chipmaker TSMC hit NT$155.38 billion in December 2021, equivalent to a record $5.6 billion. The record revenue in December was an increase of 4.8% from the…
Lululemon Shares Fall as Company Guides Low-End Revenues in Q4 2021
(Lululemon) Shares of Lululemon Athletica Inc. fell up to 7% on Monday after the company said it expects revenue of $2.125 billion to $2.165 billion in the fourth quarter of…
Euro Area and EU Unemployment Falls in November
(Eurostat) Euro area unemployment was at 7.2% in November, below 7.3% posted the previous month. The unemployment rate was also below 8.1% in the prior year. In the EU, unemployment…
Binance.US Is Eyeing a Metaverse Office on Solana’s Portals Platform
(CoinDesk) Binance.US has selected Solana’s metaverse platform, Portals, for a virtual office space where it will showcase latest news, events, and charts. Zachary Tindall, a Binance.US spokesperson, says the virtual…
Manufactured Goods Orders Accelerate With a Gain of 1.6% in November
(Census Bureau) US new orders for manufactured goods reached $531.8 billion, after an increase of $8.4 billion or 1.6% in November. The manufactured goods orders have now increased for the…
Vocera Communications Soars 27% on $2.97B Acquisition Deal by Stryker
(Stryker) Shares of Vocera Communications Inc. rose more than 27% on Thursday on news that it will be bought by medical device manufacturer Stryker Corp. for $2.97 billion. The deal,…
Jobless Claims Surge by 7,000 in the Last Week of 2021
(Department of Labor) US jobless claims were recorded at 207,000 in the week that ended January 1, up 7,000 from the previous week. The previous week’s jobless claims were revised…
Bed Bath & Beyond Sales Nosedive 28% YoY in Q3 2021 as Supply Constraints Bite
(Bed Bath & Beyond) Bed Bath & Beyond Inc. reported sales of $1.878 billion in the third quarter of 2021, a decline of 28% from the prior year. The company’s…
Eurozone Construction Eased Slightly in December as Inflation Soften Again
(IHS Markit) Construction activity in the Eurozone maintained an expansion, although the activity index slipped to 52.9 in December from 53.3 in the previous month. Expansions were posted in commercial…
Kazakhstan’s Shutdown Pushes Bitcoin Hash Rate -13.4% as Russian Allies Intervene
(Cointelegraph) The hash rate on the Bitcoin network fell 13.4% following political unrest in Kazakhstan that led to the shutdown of the country’s internet and posed a challenge to the…
Fed’s Rate Hike to Come Sooner than Expected, Reveals December Minutes
(Federal Reserve) The Federal Reserve’s minutes for December 14-15 have revealed that officials target to raise short-term rates earlier than expected. The hawkish stance by the central bank officials reflects…
Chinese Service Activity Improves as Index Hits 53.1 in December
(Markit) Output among service providers in China increased in the last month of 2021, with the activity index reaching 53.1 from 52.1 in November. Output in the service sector has…
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