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Economy

US GDP declined 1.5% in Q1, consumer spending stayed strong

In a revised GDP data on Thursday, the Commerce Department said that the US economy shrank at an annual rate of 1.5% in the first three months of this year, more than its prior estimate of 1.4%. It is the first slump since the second quarter of 20...

• May 26, 2022 02:55 PM PDT
• Team Kalkine Media

Midcap Stocks

Top 5 mid-cap stocks to explore: UTHR, SWX, ACHC, WWE & Y

Highlights United Therapeutics Corporation (NASDAQ: UTHR) revenue soared 22% YoY in Q1, FY22. Acadia Healthcare Company, Inc. (NASDAQ: ACHC) revenue surged nearly 12% YoY in the first quarter of fiscal 2022. Alleghany Corporation’s (NYSE...

• May 26, 2022 12:02 PM PDT
• Rupam Roy

Retail Stocks

Dollar General Corp (DG) stock surges 10.84% after raising sales guidance

Dollar General Corporation (NYSE: DG) on Thursday reported its quarterly earnings for the first quarter ended April 29, 2022. Its stock jumped 10.84% to US$216.52 at 10:53 am ET after announcing the better-than-expected results. The company report...

• May 26, 2022 11:03 AM PDT
• Versha Jain

IPO

Chinese car tech company Ecarx eyes US listing after Cova Corp merger

Highlights: Ecarx Holdings Inc. to make US market debut after merging with Cova Acquisition Corp. Ecarx’s US listing would be the largest by a Chinese company since Didi Global Inc. US listings of Chinese firms are currently stalled as B...

• May 26, 2022 10:56 AM PDT
• Team Kalkine Media