Marqeta To Buy Power Finance For $223 Mln In Cash

Marqeta, Inc. (MQ), a payment card issuing platform, said on Monday that it has inked a deal to acquire credit card program management platform, Power Finance, Inc., for $223 million in cash.

Marqeta will pay additional $52 million in cash if certain milestones are achieved within a year. The deal is expected to conclude in the first quarter of 2023.

The acquisition helps Marqeta to directly provide the tools to the customers need to create innovative credit products that meet the changing demands for credit cards from consumers and businesses.

Power’s cloud-native platform offers credit card program management services for companies creating new credit card programs.

Taiwan Consumer Confidence Improves Slightly On Stronger Expectations

Taiwan’s consumer sentiment strengthened for the first time in five months, albeit modestly, at the start of the year, led by the improvement in the households’ perception of the general economic outlook, survey data from the National Central University’s Research Center for Taiwan Economic Development, or RCTED, showed Monday.

The consumer confidence index rose to 59.73 from 59.12 in December. Among the six sub-indicators of the survey, five increased and one declined.

The biggest improvement was witnessed in the measure reflecting the view on the domestic economic situation in the next six months. The corresponding index added 1.25 points to reach 76.85.

Sub-indicators for the personal economic situation in the next six months and that for the intentions to invest in the stock market also climbed from the previous month.

Read more: Taiwan Central Bank Raises Key Rate, Cuts Growth Forecast

Households also turned positive regarding big purchases this month. The indicator for employment expectations in the next half year increased slightly.

Meanwhile, the sub-index for the assessment of the domestic inflation in the next six months declined.

The survey was conducted over the telephone from January 18 to 21 among 2,900 people over the age of 20 in Taiwan.

AMC Entertainment Rally Continues

AMC Entertainment Holdings, Inc. (APE) shares are gaining more than 20 percent on Monday morning trade, continuing an uptrend since the start of January 27. Today’s stock movement was not influenced by any corporate announcements.

Currently, shares are at $2.29, up 20. 82 percent from the previous close of $1.92 on a volume of 22,250,929.

Freight Technologies Climbs After Announcing Alliance With Majoba Logistics

Freight Technologies, Inc. (FRGT) shares are trading more than 22 percent higher on Monday morning after the company announced an alliance with the Mexican transportation company Majoba Logistics to increase the volume of trucks available for Fr8Fleet dedicated services.

Currently, shares are at $0.48, up 18.83 percent from the previous close of $0.40 on a volume of 23,572,269.

10% of flights in or out of Denver International Airport canceled

Nearly 100 flights through Denver International Airport were canceled Monday morning after an Arctic blast plummeted temperatures and some snow fell overnight Sunday.

The flights, 45 departures from Denver and 49 arrivals to Denver, account for 10% of flights through Denver, according to FlightAware. Another 110 flights were delayed.

Southwest Airlines has 50 cancellations, the most of any airline, followed by SkyWest with 28 cancellations.

United Airlines has six cancellations, American Airlines has five cancellations, CommutAir has two cancellations and Delta and NetJets Aviation has one flight canceled each.

Eagle Bulk Shipping Uptrend Continues

Eagle Bulk Shipping Inc. (EGLE) shares are gaining more than 4 percent on Monday morning trade, continuing a bullish trend since January 26. There were no corporate announcements today to influence the stock movement.

Currently, shares are at $57.02, up 3.84 percent from the previous close of $54.91 on a volume of 147,741.

4 Killed In Russian Attacks As Fierce Battles Rage In South And East Ukraine

At least four people were killed in Russian attacks as fierce battles are raging in the south and east of Ukraine.

Eastern towns constantly come under Russian bombardment since Sunday.

An elderly woman was killed in missile strikes in a residential building in the northeastern city of Kharkiv.

Three people were killed in shelling in the southern city of Kherson.

Ukrainian commander Volodymyr Nazarenko said that troops are battling Russian paratroopers near the eastern city of Bakhmut.

“Because for five or six months, near Bakhmut has been a living hell. The enemy is constantly attacking. And we can observe more about how the weather is changing, which, by the way, has a great impact on the combat capability, morale, and living conditions of each soldier,” said Nazarenko, deputy commander of the “Svoboda” battalion of the 4th Rapid Reaction Brigade of Ukraine’s National Guard, in an interview on Ukrainian television Monday.

Meanwhile, German Chancellor Olaf Scholz has ruled out supplying fighter jets to Ukraine. “The question of combat aircraft does not come up at all,” the German leader said in an interview with Tagesspiegel.

The United States and Germany last week pledged to deliver fighter tanks to Ukraine.

I-70 westbound reopens in Dotsero after short closure

Concern from snow showers closed Interstate 70 westbound in Dotsero east of Glenwood Canyon for about 20 minutes.

The interstate closed between the Dotsero exit, exit 133, and Bair Ranch exit, exit 129, due to the safety concerns and reopened about 9:40 a.m.

The Colorado Department of Transportation advised drivers to expect delays from the closure.

There is no estimated time of reopening.

According to the National Weather Service, another one to two inches of snow are possible in the area through 3 p.m. Monday.

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