CREDIT ACCEPTANCE RELEASES Q1 2022 RESULTS Credit Acceptance Corporation (NASDAQ: CACC) jumped 20.16% after reporting a consolidated net income of $214.3 million or $14.94 per diluted share for Q1 2022. A year ago, the company’s consolidated net income was $202.1 million or $11.82 per diluted share. Adjusted net income during the quarter was $197.3 million or $13.76 per diluted share versus...
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US INDEX FUTURES ARE IN THE RED, ALBEIT WITH LESS PRONOUNCED CHANGES THAN YESTERDAY; EUROPEAN STOXX 600 DROP IS AROUND 1.50% The markets, which yesterday had what was a reality shock for many, followed their course of losses in the early morning trades, although much more moderate, in the case of the United States. Both US and European index futures are in the red. US 10-year Treasuries rose...
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BIOCERES CROP SOLUTIONS RECEIVES APPROVAL FOR HB4 SOY IN CHINA Bioceres Crop Solutions Corp NASDAQ: BIOX) jumped 21.97%after announcing that the Chinese ministry of agriculture has communicated the decision to authorize the import and utilization of as soybean raw material produced through Bioceres’ novel drought tolerance tech, HB4. The company’s partner Beijing Da Bei Nong Science and...
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ON THE BACK OF BALANCE SHEETS, INFLATION DATA, GDP, AND CHINA’S SIGNS OF SUSTAINING ITS ECONOMY GUIDE MARKETS; US INDEX FUTURES TUMBLE US index futures were in the red Friday morning, with European equities on the opposite path. In addition to the macroeconomic data season and balance sheets, China’s pledge to increase economic stimulus is influencing operations, helping to restore...
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BALANCE SHEETS AND DATA MEASURING CONSUMER SPENDING GUIDE THE MARKETS, WITH AN EYE ON THE GEOPOLITICAL CONFLICT; EUROPEAN STOCKS AND US INDEX FUTURES RISE Markets on Wednesday continued to be guided by the crop of balance sheets, today with companies of the stature of Meta, and indicators that give clues about the resistance of economies to soaring inflation and constant threats to the supply...
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MUSK’S ACQUISITION OF TWITTER COMPLICATES THE POSSIBLE MERGER OF DWAC WITH TRUTH SOCIAL. Digital World Acquisition Corp jumped 25.14% on Tuesday following the announcement that Elon Musk had acquired Twitter for 44 billion. The Special purpose acquisition firm is planning to merge with ex-US President Donald Trump’s social media platform. Following the announcement that Trump’s Truth...
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