Barclays Boosts Bonuses by 23% As 2021 Profit Beats Estimates
(Barclays) Barclays bank bonus pool improved 23% to 1.9 billion pounds in 2021, after reporting a full year pretax profit almost triple from the prior year. The UK lender’s pretax…
Meritor Inc. Jumps 45% on Premium $3.7 Billion Acquisition by Cummins
(Cummings) Shares of Meritor Inc. rose more than 45% on Tuesday after it agreed to be acquired by Cummins Inc. in a deal of total transaction value of $3.7 billion.…
Macy’s Raises Quarterly Dividend by 5% As Net Sales in Q4 2021 Beat Estimates
(Macy’s) Macy’s Inc. raised its quarterly dividend by 5% and announced a $2 billion share repurchase after posting earnings that surpassed estimates. The company recorded revenues of $8.67 billion in…
Digital World Soars 26% As Donald Trump’s Truth Social Enters Apple’s App Store
(Reuters) Digital World Acquisition Corp. shares rose 26% on Tuesday after the debut of Donald Trump’s social media firm, Truth Social, on Apple’s App Store. Following the debut, Truth Social…
SoFi Reportedly Acquiring Technisys SA for $1.1 Billion
(WSJ) SoFi Technologies Inc. is eyeing an all-stock $1.1 billion acquisition deal for banking-software maker Technisys SA. Once done, the deal is expected to give SoFi control over its core…
Volkswagen Stock Soars After Confirming Deal to Float IPO for Porsche Brand
(Volkswagen AG) Shares of Volkswagen rose more than 9% on Tuesday after the company said it was in advanced talks for a potential IPO of the Porsche brand. The automaker…
HSBC Posts a $1.1 Billion YoY Jump in Profit in Q4 2021, Boosts Bonuses by 31%
(HSBC) HSBC posted a profit after tax of $2.0 billion in the fourth quarter of 2021, an increase of $1.1 billion from the prior year. The bank’s profit was earned…
Spotify CEO Daniel Ek Eyes $1B Bets in Europe’s Innovative Firms
(Bloomberg) Prima Materia, an investment firm by Spotify CEO Daniel Ek, is targeting European tech startups, with up to $1 billion set for allocation. The bets focus on startups ranging…
Emerging Markets Becoming a Haven Following Russian-Ukraine Geopolitical Risks?
(Bloomberg) Emerging-market currencies’ benchmark index has risen to the highest in eight months, thanks to a growing optimism of limited geopolitical risks from Russian-Ukraine tensions. South Africa, which is considered…
Roku Plunges 22% as Revenue Guidance Misses Estimates
(Roku) Shares of Roku Inc. fell more than 22% on Friday after the company said it expects revenue of $720 million in the first quarter of 2022, below estimates of…
Palantir Widens Net Loss to $156 Million in Q4 2021, but Revenue Jumps 34%
(Palantir) Palantir reported a net loss of $156.2 million in the fourth quarter of 2021, an increase from a loss of $140.3 million in the prior year. The company’s net…
Fiverr Jumps 8% as Q4 2021 Revenue Hits $79.8 Million, Issues Robust Guidance
(Fiverr) Shares of Fiverr International rose more than 8% on Thursday after the company reported a revenue of $79.8 million in the fourth quarter of 2021, up 43% from the…
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