BP Stock Hit by Planned Move to Relinquish 20% Stake in Russian Oil Giant Rosneft
(Reuters) Shares of British Petroleum traded more than 7% lower on Monday after news it would sell stake in the Russian oil giant Rosneft of 19.75%. The slip in the…
Nio Eyes Secondary Listing in Hong Kong Next Month Amid Regulatory Risks
(Nio) Nio Inc. has set March 10 as the day its shares will start trading on the Hong Kong Stock exchange. The New York listed electric car maker said that…
Li Auto Reports 35,221 Deliveries in Q4 2021, Net Income Jumps to $46.4 Million
(Li Auto) Li Auto Inc. said that it delivered a total of 35,221 vehicles in the fourth quarter of 2021, an increase of 40.2% from the previous quarter and 143.5%…
Beyond Meat Falls 10% As Net Revenue in Q4 2021 Declines, Loss Widens
(Beyond Meat) Shares of Beyond Meat, Inc. plunged more than 10% after reporting net revenues of $100.7 million in the fourth quarter of 2021, down by 1.2% from the previous…
Coinbase Net Income Quadruples in the Fourth Quarter of 2021
(Coinbase) Coinbase posted a net income of $840 million or $3.32 per diluted share in the fourth quarter of 2021, an increase from a net income of $177 million in…
South Jersey Soars 40% on $8.1B Acquisition by Infrastructure Investments Fund
(SJI) South Jersey Industries Inc. stock rose more than 40% after agreeing to an acquisition deal of about $8.1 billion by Infrastructure Investments Fund. The deal, at $36 per share,…
Alibaba Plunges 6% As Revenue Misses Estimates, Posts Lower Incomes
(Alibaba) Shares of Chinese tech giant Alibaba fell more than 6% on Thursday after reporting a revenue of RMB242.58 billion or $38.066 billion in the December quarter. The revenue, 10%…
Russia’s Stocks Fall by a Record Rate After Ukraine Attack, Gazprom Down 30%
(Bloomberg) Shares of Russian gas processor Gazprom plunged 30% on Thursday while the country’s MOEX stock index edged lower by 41% following Moscow’s attack on Ukraine. The 41% decline on…
SPCE Soars as Q421 Loss Narrows, Confirms Commercial Spaceflight Launch
(Virgin Galactic) Shares of Virgin Galactic Holdings Inc. surged more than 14% after reporting a net loss of $81 million in the fourth quarter of 2021, down from a loss…
Vipshop Tanks 10% As Revenues, GMV in Q4 2021 Fall. Issues Lower Guidance
(Vip.com) Shares of Vipshop Holdings Limited traded 10% lower on Wednesday after it reported a revenue of RMB34.1 billion or US$5.4 billion in the fourth quarter of 2021. The revenue…
Tenneco Stock Almost Doubles After a 100% Premium Purchase Deal by Apollo Funds
(Tenneco) Shares of Tenneco Inc. rose more than 96% on Wednesday, after it confirmed a purchase deal by Apollo Funds for $7.1 billion. The acquisition, at $20.00 per share, is…
Nu Holdings Jumps 10% as Revenue Rises 224% In Q4 2021, Customers Hit a Record
(Nu Holdings) Shares of Nu Holdings rose more than 10% on Wednesday as revenues surged 224.3% year-over-year to $635.9 million in the fourth quarter of 2021. Shares were also boosted…
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