Twitter’s Revenue Exceed Estimates to Jump by 74% YOY on Ad Revamp
(Twitter) Social media company Twitter Inc. recorded a revenue of $1.19 billion in the second quarter, a 74% rise year over year, and above estimated $1.07 billion. Ad revenue made…
Natural Gas Inventories Run Low to Push Prices to a 31-Month High
(Bloomberg) Supplier concerns in the natural gas industry saw its futures in the US jump to the highest level of $4.003 per million British thermal units in 31 months. Supply…
TikTok and White House End Lawsuit Against Trump Administration in App Ban
(CNN Business) Washington and TikTok will not proceed with a lawsuit against Trump’s administration’s move to ban the short-form video app from being listed on US app stores. The US…
Uber Reaches a Deal to Acquire TPG’s Transplace for $2.25 Billion
(Uber) Uber Freight has agreed to acquire Transplace for about $2.25 billion. The deal consists of $750 million common stock of Uber Freight’s parent company. The acquisition, which is still…
Didi Shares Plummet 7% Amidst Looming Regulatory Penalties
Taxi-hailing operator Didi’s shares fell 7% on Thursday following a report that the Chinese regulators are planning tough penalties against it. Didi’s month-to-date losses now stand at over 24% following…
Jobless Claims Sends Mixed Signals in Employment Recoveries after 51,000 Jump
(Department of Labor) US jobless claims rose by 51,000 to hit a level of 419,000 for the week that ended July 17. The claims were higher than expected 350,000. Previous…
BHP’s Nickel Supply Deal with Tesla Boosts its Stock Price by 3%
(BHP) Shares of Australian mining company, BHP Group, jumped 3% after it struck a deal to supply nickel to Tesla. Vandita Pant, BHP Chief Commercial Officer is foreseeing a surge…
Payments Giant MoneyGram on Potential Takeover Bid from Stellar and Advent
(Bloomberg) Stellar Development Foundation is working with private equity Advent International on a potential acquisition of MoneyGram. MoneyGram has been targeted for takeover for years, with its stock up 265%…
Surging Trading Volumes Drives Nasdaq Profits up 23% to $1.90 EPS
(Nasdaq) Nasdaq Inc. announced a profit of $ 1.90 EPS, a 23% increase compared to $1.54 EPS from the second quarter of 2020. The result beat a market forecast of…
China Targets More Foreign Investments by Opening the Financial Sector
(Reuters) China is targeting more foreign investments by opening up the financial sector and improving rules for overseas banks and insurance firms courting its territory. China aims to ease market…
J&J Announces $23.31B Q2 Revenue. Forecasts $2.5B from 2021 Vaccine Sales
(Johnson & Johnson) Vaccine maker Johnson & Johnson expects $2.5 billion sales in its Covid-19 vaccine amidst doubts of its effectiveness against the delta variant. The company reported $23.31 billion in…
ASML Optimistic of More Revenues as it Announces €4 Billion Q2 Net Sales
(ASML) ASML reported a net income of €1.038 billion from a reported revenue of €4.02 billion. The company announced a share repurchase of €9 billion that will start on 22nd…
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