Shares of specialty retailer American Eagle Outfitters, Inc. (AEO) are rising more than 14% Tuesday morning after reporting better-than-expected profit in the third quarter. The company reported profit of $81.27 million or $0.42 per share, lower than 152.22 million or $0.74 per share in the same quarter a year ago. Analysts, on average were expecting profit of $0.22 per share. […]

El Salvador commits to buying one Bitcoin per day despite the massive fall of the asset in 2022. Tron’s DAO has also pledged to buy one BTC each day as it follows El Salvador’s path. Bitcoin is down by over 60% from its all-time high of over 60K in less than a year. El Salvador gives the wider crypto community […]

Bitcoin has steadied over the last few days in defiance of the pervading fiasco surrounding FTX’s collapse. The asset has been trading sideways for a week, settling on the $16,000 mark, which enthusiasts hope could be the bottom. El Salvador and Justin Sun have pledged to buy one BTC each day which may have played a role in propping up […]

Shares of RAPT Therapeutics, Inc. (RAPT) are down more than 9% Friday morning at $19.26. The company today priced its public offering of 4,054,055 shares at $18.50 per share. Gross proceeds of $75 million is estimated from the offering, which is expected to close on November 22. RAPT has traded in the range of $9.85- $40.74 in the last 1 […]

Billionaire venture capitalist Tim Draper is convinced that Bitcoin will tap $250,000 in the first half of 2023, despite the ongoing crypto winter. Earlier this week, the businessman noted that not even the ongoing FTX crisis would stop the top cryptocurrency from achieving that target. “No change in the price prediction. Still $250,000 by early next year,” Draper told Cointelegraph […]

Shares of e-commerce platform in Africa, Jumia Technologies AG (JMIA) are rising more than 7% Thursday morning after reporting improved results in the third quarter. The company reported a loss of $44.55 million for the third quarter, narrower than $65.62 million in the prior-year quarter, helped by growth in revenue. Quarterly revenue increased 18.4% year-on-year to $50.49 million, driven by […]

Easing geopolitical tensions in eastern Europe helped soften the anxiety triggered by the strong retail sales data from the U.S. Retail sales in the U.S. surged 1.3% month-over-month, implying resilience in consumer spending. Markets however remained cautious amidst a hawkish stance by Fed officials that moderated the exuberance following the recent fall in inflation readings from the U.S. Asian stocks […]

Shares of indie Semiconductor, Inc. (INDI) are down more than 15% Wednesday morning at $7.34. The company today announced its plan to offer $125 million of Convertible Senior Notes due 2027, to partly fund its share repurchase of up to $50 million shares. The company also intends to use part of the proceedings towards general corporate purposes. INDI has traded […]

Shares of sports products provider On Holding AG (ONON) are falling more than 8% Wednesday morning despite reporting improved third-quarter results. Profit for the third quarter increased to CHF 20.63 million or CHF0.06 per share from CHF 12.99 million or CHF0.04 per share. Sales for the quarter increased 50.4% year-on-year to CHF 328.0 million. For the full year, On has […]