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…
Ford EV Sales Jump 121% YoY in Dec. in the US as Other Segments Fall
(Ford) Ford announced 12,284 sales of electrified vehicles in the US in December 2021, an increase of 121.1% from the prior year. The EVs grew at 36% faster than the…
Stellantis Chrysler Seeks to Manufacture Only Electric Cars by 2028
(Reuters) Stellantis Chrysler brand will line up only electric vehicles by 2028 as the company phases out gasoline-powered automobiles. The brand’s North American chief executive Chris Feuell expects the company…
Alibaba, Tencent Fined by SAMR in Another Tech Crackdown on Unreported Deals
(Reuters) China’s State Administration for Market Regulation has fined 500,000 yuan or $78,692 on Alibaba Group, Tencent Holdings, and Bilibili Inc. on alleged failure to report several deals. The fine,…
China Huarong Plunges 50% on Resumed Trading amid Growth Reassurances
(Reuters) China Huarong Asset Management Co. stock hit a record low on Wednesday, after falling up to 55% as trading resumed after a nine-month pause. Investors defied the bad loan…
NIU Deliveries Jump 58% YoY in the Last Quarter of 2021
(NIU) NIU Technologies sold 238,188 units of e-motorcycles, e-mopeds, e-bikes, and kick-scooters in the fourth quarter of 2021, up 58.3% from the prior year. In China, the units sold grew…
Apple Pays Unusual $180,000 Bonuses in Talent War With Meta
(Bloomberg) Apple Inc surprisingly issues massive stock bonuses to some engineers in a bid to retain talent, looking to prevent defections to tech rivals such as Facebook parent firm Meta…
Evergrande Announces Resumption of Construction on 91.7% of Projects
(Reuters) China Evergrande Group reported in its Wechat account that 91.7% of its Chinese projects had resumed construction after three months of struggle. Company Chairman Hui Ka Yan promised in…
Shares of FuelCell Energy Plunge 12.44% After Q4 Loss Misses Estimate
(FuelCell Energy) FuelCell Energy Inc posted a loss for the fourth quarter, reflecting increased expenses and missed Wall Street estimates. The Danbury-headquartered company posted a loss of $24.98 million or…
ProShares Seek SEC Approval for a New Metaverse ETF
(Blockworks) ProShares has filed with the SEC to trade a metaverse-based ETF that would monitor the performance of the Solactive Metaverse Theme Index. The Solactive Metaverse Theme Index (SOMETAV), largely…
BaFin Fines Deutsche Bank $9.8M for Control Issues of Euribor Reference Rate
(Bloomberg) Germany’s finance regulator fined Deutsche Bank AG 8.66 million ($9.8M) over its actions in submissions for Euribor, a reference rate, which affected the industry. In a statement, BaFin noted…
A $354M Turkish ETF, TUR Receives Biggest Daily Inflow of $25M Since 2018
(Bloomberg) An exchange-traded fund (ETF) comprising of Turkish stocks posted its biggest daily inflow in over three years last week. The $354 million iShares MSCI ETF also referred to as…
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