Strange Brew: Iowa brewery releases beer made from butterfly yeast
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced results for the First Half of 2022 and select results for the Second Quarter of 2022. Swvl's condensed unaudited interim financial statements for the six-month periods ended June 30, 2022 and 2021, and supplementary information are available on Swvl's website here.
Sanofi has stopped further work on amcenestrant, a treatment once seen to have strong commercial potential in breast cancer, after a second trial failure dealt a major blow to the French healthcare company's development prospects. The move weighed on shares and mounted pressure on Sanofi to bolster its pipeline of drug candidates as it becomes increasingly dependent on its multi-billion best seller, fast-growing eczema and asthma treatment Dupixent. Sanofi has also fallen far behind in the race to develop COVID-19 vaccines.
(Reuters) -Bed Bath & Beyond Inc shares nosedived late in the session on Wednesday from a 45% surge earlier after investor and GameStop Chairman Ryan Cohen filed for a proposed sale of his stake in the struggling home goods retailer. The highly shorted shares continued their fall after the bell and were down more than 15% as Cohen's venture capital firm RC Ventures, the second largest investor, said it intends to sell 9.45 million shares, including options, through JP Morgan Securities. The company said it reached an agreement with RC Ventures in March and is working with financial advisors and lenders to strengthen its balance sheet as it struggles with declining revenue and liquidity concerns.
NEW YORK (Reuters) -Global equity markets were choppy and U.S. Treasury yields fell on Thursday, as uncertainty over the pace of interest rate hikes prevailed among investors after the Federal Reserve's meeting minutes showed officials were determined to curb rising prices. Markets have been volatile amid concerns about a looming recession, even though Fed officials indicated in the minutes of their July meeting released on Wednesday that they would adopt a less aggressive stance if inflation starts to recede. "The markets are still trying to figure out the Fed minutes," causing volatility, said Charles Self, chief investment officer at Tandem Wealth Advisors in Appleton, Wisconsin.
Musk has a history of being unconventional, posting irreverent tweets. Below are some other tweets by Musk - who has more than 103 million followers - which have taken investors, Twitter users, Twitter's board and the rest of his audience by surprise. May 13, 2022: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
LVIV, Ukraine (AP) — Turkey's leader and the U.N. chief met in Ukraine with President Volodymr Zelenskyy on Thursday in a high-powered bid to ratchet down a war raging for nearly six months. But little immediate progress was reported. Turkish President Recep Tayyip Erdogan said he would follow up with Russian President Vladimir Putin, given that most of the matters discussed would require the Kremlin's agreement. With the meetings held at such a high level — it was the first visit to Ukraine by
A major Japanese auto lobby said it was concerned about a new U.S. law that restricts tax credits for electric vehicles to those assembled in North America. The Biden administration said on Tuesday about 20 models still qualify for tax credits of up to $7,500. Credits end immediately for about 70% of the 72 models that were previously eligible, according to the Alliance for Automotive Innovation, an industry trade group.
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering.
NEW YORK (AP) — A top executive at former President Donald Trump’s family business pleaded guilty Thursday to evading taxes on a free apartment and other perks, striking a deal with prosecutors that could make him a star witness against the company at a trial this fall. Allen Weisselberg, a senior Trump Organization adviser and formerly the company’s longtime chief financial officer, pleaded guilty to all 15 of the charges he faced in the case. In a low, somewhat hoarse voice, Weisselberg admitt
(Reuters) -Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%. The U.S. department store chain joined top retailers including Target Corp and Best Buy Co to warn of a profit squeeze, as decades-high inflation has made Americans wary of opening their wallets for apparel and other discretionary goods. The demand slump has left several retailers with bloated inventories, forcing them to offload excess stocks through steep discounts and clearance sales heading into the back-to-school season.
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Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest. It is December 1973 and the finance minister has privately warned the cabinet of Edward Heath that the country faces its gravest economic crisis since World War Two, according to classified records that are now publicly available. The papers shed light on the debate at the heart of government during a crisis that bears similarities to that facing current Prime Minister Boris Johnson's cabinet.
Instagram and Facebook suspended Children's Health Defense this week after the anti-vaccine group led by Robert Kennedy Jr. repeatedly violated rules prohibiting misinformation about COVID-19. A nonprofit, Children's Health Defense is one of the most influential anti-vaccine organizations active on social media, where it has spread misleading claims about vaccines and other public health measures designed to control the pandemic. In a statement, Kennedy compared Facebook's actions to government
MEMPHIS, Tenn. (AP) — A federal judge is ordering Starbucks to reinstate seven employees in Memphis who were fired earlier this year after leading an effort to unionize their store. In a decision issued Thursday, U.S. District Judge Sheryl Lipman agreed with the National Labor Relations Board, which had asked the court to intervene in May. The labor board said Starbucks violated U.S. labor law by interfering in workers' right to organize. Lipman’s decision requires Starbucks to offer to reinstat
Oil prices fell below US$100 per barrel but it’s not a signal to sell these two TSX energy stocks with robust cash flows. The post Oil Falls Below US$100 per Barrel: Sell or Hold These 2 Energy Stocks? appeared first on The Motley Fool Canada.
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were still assessing Wednesday's minutes from the Federal Reserve's July meeting, which they initially saw as supporting a less aggressive stance by the central bank. "We're at a point where people are trying to make a judgment about whether the inevitable higher interest rates are going to choke off the upside of the market," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
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Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces financial results for the second quarter of 2022 for the Company's 100%-owned Plutonic Gold Operations, located in Western Australia.
(Reuters) -Target Corp reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods. As Target relies more on discretionary categories, it is prone to take a bigger hit during tougher times than its rivals such as Walmart Inc, where groceries and packaged food items get more shelf space. Walmart beat profit estimates as its core base of low-to-middle income shoppers flocked to its stores for bargains on groceries.
RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced August 2022 cash distributions for unitholders of RBC ETFs, as follows:
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