Month: August 2022

Check out some of the top engines on the premarket: Caterpillar (CAT) – Shares of the heavy equipment maker fell 3.7% in premarket after its quarterly earnings beat forecasts, but revenue was slightly below consensus. Caterpillar’s sales were hit by its exit from Russia, as well as supply chain issues, and it also experienced high costs during the quarter. Uber Technologies (UBER): Uber reported a quarterly loss of $1.33 per share, including the impact of a $1.7 billion headwind from a decline in the value of its investments. The transit company’s revenue came in better than expected and turned cash…

Protano has extensive operational and financial experience with 25 years of leadership experience with innovative technology and biotechnology companies CAMBRIDGE, Mass., August 2, 2022 /PRNewswire/ — Alwaysa pioneering flagship company unlocking transfer RNA (tRNA) biology and pioneering tRNA therapeutics to regulate the protein universe and solve disease, today announced the appointment of Joanne Protano as Chief Financial Officer (CFO). Protano most recently served as senior vice president of finance and operations at Rubius Therapeutics, a clinical-stage biopharmaceutical company that is biologically engineering red blood cells to create a new class of cellular medicines for the treatment of cancer and autoimmune…

MENLO PARK, Calif.–(BUSINESS THREAD)–Cyngn (or the “Company”) (NASDAQ: CYN ), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced that it will release financial results for the second quarter and six months ended on June 30. 2022, after the close of the stock market on Wednesday, August 10, 2022. The company will discuss these results on a conference call at 2 pm PT/5 pm ET later that day. Marking numbers of the participants US and Canada (toll free): (877) 407-9753 International (toll): (201) 493-6739 To access the call, please dial approximately five minutes prior…

MEMPHIS, Tenn.–(BUSINESS THREAD)–SRM (Strategic Resource Management), an independent advisory firm serving financial institutions and other industries in North America and Europe, today shared information about the top trends it has seen affecting banks and credit unions so far this year and predictions on how they may affect the industry in the future. Banks and credit unions will need to pay attention to developments in digital assets, Buy Now, Pay Later (BNPL) and regulatory oversight, while dealing with the fallout from inflation and aggressive interest rate hikes. interest “The first half of 2022 has been a very busy one for the…

Deutsche Bahn is offering its employees financial incentives to save energy in the workplace, Germany’s national rail operator announced on Tuesday. A one-time bonus of at least €100 ($102) will be offered to Germany’s 200,000 employees, encouraging them “to be active, to pull all the little and big levers to end a significant amount of [energy] savings,” said director of human resources Martin Seiler. There are several ways Deutsche Bahn staff can help the energy-saving operation, such as only using lights, heating and air conditioning when necessary “or perhaps using the stairs instead of the elevator” , Seiler said, before…

Global stocks fell and government bonds rallied on Tuesday as the expected visit of US House Speaker Nancy Pelosi to Taiwan raised the prospect of a strong response from China. Hong Kong’s benchmark Hang Seng index fell as much as 3.2 percent on Tuesday, then pared some of its losses. China’s CSI 300 index of shares traded in Shanghai and Shenzhen fell as much as 2.8 percent. Taiwan’s Taiex and Japan’s Topix closed down 1.6% and 1.8%, respectively. In Europe, the regional Stoxx 600 share index fell 0.6% and London’s FTSE 100 was flat, with analysts warning of sharper price…