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The Latest Breaking News from Nasdaq

Qualcomm Wins EU Antitrust Lawsuit Which Has An Apple Connection

Qualcomm Inc (NASDAQ:QCOM) clinched victory against a €997 million ($1.05 billion) penalty slapped by EU antitrust regulators, Reuters reports. The EU imposed the fine four years back for paying Apple Inc (NASDAQ:AAPL) to use only its chips and block out rivals like Intel Corp (NASDAQ:INTC). Also Read: Qualcomm Agrees To Work With Europe's Foundry Partners: Reuters The European Commission…

Benzinga

iQIYI Shares Trade Lower On Reports Of Possible Stake Sale

Baidu, Inc (NASDAQ:BIDU) is exploring selling its controlling stake in iQIYI, Inc (NASDAQ:IQ) at a potential valuation of ~$7 billion, Reuters reports. Baidu, which owns 53% of iQIYI and holds over 90% of its shareholder voting rights, looks to sell all its holdings in China's Netflix, Inc (NASDAQ:NFLX) counterpart. Baidu's targeted valuation of $7 billion represents…

Benzinga

Alibaba Goes Amazon Way To Develop In-House Silicon

Alibaba Group Holding Limited (NYSE: BABA) offered a glimpse at its in-house silicon called Cloud Infrastructure Processing Units (CIPUs) at its annual summit this week,

Benzinga

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Insiders Buy Around $81M Of 4 Stocks

Although the Dow Jones dropped around 150 points on Tuesday, there were a few notable insider trades.

Benzinga

BRP Boosts Credit Facility

BRP Inc (NASDAQ:DOOO) (TSX:DOO) has increased total available commitments under its revolving credit facility by C$400 million to reach C$1.5 billion in total. The company has also obtained an incremental $100 million term loan from existing lenders under its term loan credit agreement. The costs of borrowing under the revolving credit agreement will…

Benzinga

Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Warner Bros. Discovery, Inc (NASDAQ:WBD) could downsize up to 30% or nearly 1,000 jobs in its global advertising sales team, Reuters reports. Warner offered members of its U.S. advertising sales team an option to leave the company voluntarily. The global advertising sales team has ~3,000 members. Also Read: Warner Bros. Discovery Registers 15%…

Benzinga

Elon Musk Sees These 2 Prominent EV Makers Headed Toward Bankruptcy

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday he believes that electric vehicle startups Rivian Automotive Inc (NASDAQ: RIVN) and

Benzinga

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24 Stocks Moving in Wednesday's Pre-Market Session

Gainers Boxed, Inc. (NYSE: BOXD) rose 38.3% to $1.95 in pre-market trading. Boxed reported that Director Andrew Pearson bought 150,000 shares at an average price of $1.82 per share.

Benzinga

Owner of UK chip designer Arm may float some of firm’s shares in London

Japan’s SoftBank still likely to conduct IPO in New York but could secure secondary listing

The Guardian - UK

A Peek Into The Markets: US Stock Futures Higher; All Eyes On Fed Rate Decision

Pre-open movers

Benzinga

82 Biggest Movers From Yesterday

Gainers Comera Life Sciences Holdings, Inc. (NASDAQ: CMRA) gained 126.5% to settle at $2.65 on Tuesday.

Benzinga

Apple Supplier Foxconn Breaks Ground On First EV Battery Plant

One of Apple Inc's (NASDAQ: AAPL) oldest and largest suppliers, Foxconn, has forayed into the electric vehicle segment.

Benzinga

Elon Musk's SpaceX Gets 30K Starlink Orders For RVs Just Weeks After Launch

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX has secured 30,000 orders for its high-speed satellite-based internet service Starlink for recreation vehicles (RVs), a product the rocket company

Benzinga

Apple's Dogcow Is Back, Moof! Moof! How To Summon It On MacOS Ventura

Apple Inc (NASDAQ: AAPL) may have unleashed great new multitasking features, enhanced Spotlight search or a bevy of new elements on MacOS Ventura, but for diehard fans, the return of Clarus the Dogcow is of supreme importance.

Benzinga

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Benzinga

Tesla Loses India Policy Exec After Shelving Expansion Plans: Report

Tesla Inc’s (NASDAQ: TSLA) policy and business development executive in India, Manuj Khurana, has resigned, Reuters

Benzinga

Bitcoin, Ethereum, Dogecoin Subdued Ahead Of Fed Meet: Crypto Layoffs Abound As Bear Market Bites

Bitcoin, Ethereum and other major coins were trading lower on Tuesday evening as the global cryptocurrency market cap fell 0.6% to $986 billion at press time.

Benzinga

Celsius Faces Liquidity Crisis, But How Are Other Crypto Firms Faring?

Global markets took a catastrophic hit yesterday, as the Nasdaq was down 4.60% and the S&P 500 was down 3.88%. Crypto suffered the most, as Bitcoin dropped over 20% to reach a low of $20,800. Ever since the crypto rally in November, in response to Bitcoin ETF Futures product being…

Benzinga

Netflix Hosting Squid Game Reality Show: How To Apply And How Much You Can Win

If you think you have the skills to master a game of “red light, green light,” Netflix Inc (NASDAQ: NFLX) might cast you in the upcoming reality series based on the popular streaming hit “Squid Game.”

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Benzinga

$1000 Invested In This Stock 20 Years Ago Would Be Worth $8,600 Today

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 20 years by 4.75% on an annualized basis producing an average annual return of 11.61%. Currently, Marvell Tech has a market capitalization of $41.24 billion.

Benzinga

Why This Chesapeake Energy Analyst Is Bullish: ESG, Buybacks And More

Due to Chesapeake Energy (NASDAQ: CHK) restructuring to lower its costs, it will be focusing on bolstering its balance sheet, as it is a legacy company, a Credit Suisse analyst said Tuesday.

Benzinga

Here's How Much You Would Have Made Owning Monster Beverage Stock In The Last 15 Years

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 15 years by 11.71% on an annualized basis producing an average annual return of 17.93%. Currently, Monster Beverage has a market capitalization of $46.64 billion.

Benzinga

Apple Ramps Up Sports Content With Major League Soccer Deal: What Investors And Sports Fans Should Know

Technology giant and streaming company Apple Inc (NASDAQ: AAPL) signed a deal with Major League Soccer (MLS) on Tuesday. Here are the details.

Benzinga

MorphoSys Stock Skyrockets On Entering Equity Participation and License Agreements With HIBio

MorphoSys AG (NASDAQ:MOR) and Human Immunology Biosciences, Inc. (HIBio), a biotechnology company, have established an equity participation agreement and license agreements to allow HIBio to develop and commercialize MorphoSys’ felzartamab, an anti-CD38 antibody, and MOR210, an anti-C5aR1 antibody. HIBio is a biotechnology company based in South San Francisco that focuses on discovering and…

Benzinga

What Does Elon Musk Mean By The Tesla Tech Tree? Inside A $5.5 Trillion Opportunity

Advice shared by Tesla Inc (NASDAQ: TSLA) CEO on Tuesday could help illustrate exactly how big of an opportunity the electric vehicle company has to expand into other verticals and how tough it is to value the company as a vehicle maker.

Benzinga

Intuitive Surgical Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Intuitive Surgical (NASDAQ:ISRG). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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