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The Latest Breaking News from Nasdaq

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Executives Sell Around $207M Of 5 Stocks

Gold futures traded lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Why Photronics Shares Are Surging Today

Photronics, Inc (NASDAQ:PLAB) reported second-quarter FY22 revenue growth of 28% year-on-year to $204.5 million, beating the consensus of $192.4 million. Segments: Integrated circuit (IC) revenue grew 30% Y/Y to $145.8 million. Flat-panel display (FPD) revenue increased 23% Y/Y to $58.7 million. Margin: The gross margin expanded by 1,140 bps to 36%. The operating margin expanded…

Benzinga

Clearway's Energy-Global Infrastructure Partners Ink Strategic Partnership With TotalEnergies

Clearway Energy, Inc. (NYSE:CWEN) (NYSE: CWEN-A) and its renewable development partner and parent company, Clearway Energy Group LLC stated that Global Infrastructure Partners (GIP) had formed a strategic partnership with TotalEnergies SE (NYSE:TTE) in the U.S. renewable energy sector. TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately-held renewable development company that serves as CWEN's…

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Photronics: Q2 Earnings Insights

Photronics (NASDAQ:PLAB) reported its Q2 earnings results on Wednesday, May 25, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

5 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

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This Chipmaker Stock Has A Better 5-Year Return Than Bitcoin, Ethereum, Amazon, Apple, Nvidia, Microsoft, Ford And Starbucks

Advanced Micro Devices, Inc.’s (NASDAQ: AMD) high-performance computing and visualization products help gamers get the most from their favorite titles, and over the past five years, the most out of investors' portfolios.

Benzinga

Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal

Payments company Stripe Inc looks to give customers access to Bitcoin (CRYPTO: BTC)four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app. Stripe customers will be able to convert incoming payments and any amount of…

Benzinga

TOGGLE AI, IBKR Start Initiative To Lower Trading Costs For Users

TOGGLE AI announced an initiative that enables customers to trade for free using Interactive Brokers Group Inc (NASDAQ: IBKR).

Benzinga

McAfee Taps Former Intuit Executive As New CEO

McAfee Corp has appointed Greg Johnson as President and CEO, effective June 13. Johnson succeeds Peter Leav, who will step down as the CEO. Johnson's appointment comes as part of its transition to a pure-play consumer protection company, which began following the divestment of McAfee's Enterprise security business in 2021. Under Leav's leadership,…

Benzinga

SYTA: Siyata Mobile Reports 1st Quarter 2022 Results and Updates the Investor Community on Key Product Categories.

By Thomas Kerr, CFA NASDAQ:SYTA READ THE FULL SYTA RESEARCH REPORT

Benzinga

Why Verrica Pharma Shares Are Plunging Today

The FDA has issued a Complete Response Letter (CRL) regarding Verrica Pharmaceuticals Inc's (NASDAQ:VRCA) marketing application for VP-102 for molluscum contagiosum. The only deficiency listed in the CRL was related to the deficiencies identified at a general reinspection of Sterling Pharmaceuticals Services LLC, the contract manufacturing organization that manufactures Verrica's bulk solution drug product. …

Benzinga

Elon Musk's Net Worth Falls Below $200B With Tesla Stock Crash

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer in the $200 billion club, of which he was the sole member, after the electric vehicle maker’s latest stock plunge, Bloomberg News

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21 Stocks Moving in Wednesday's Pre-Market Session

Gainers The Singing Machine Company, Inc. (NASDAQ: MICS) shares rose 47.3% to $4.05 in pre-market trading.

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Starbucks Divests This Cold-Pressed Juice Brand - What's The Focus Now

Bolthouse Farms has signed a definitive agreement to acquire the Evolution Fresh brand and business from Starbucks Corp (NASDAQ:SBUX) for an undisclosed amount. Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products. Bolthouse Farms, a portfolio company of private equity firm Butterfly, aligns powerhouse juice brands to propel Evolution Fresh forward.…

Benzinga

iPhone Development Said To Take Hit From China Lockdowns; Apple Asks Suppliers To Speed Up

Apple Inc (NASDAQ: AAPL) is reportedly asking its suppliers to speed up production as Chinese Premier Xi Jinping's Zero COVID policy hampers manufacturing business around the country.

Benzinga

A Peek Into The Markets: US Stock Futures Edge Lower; Fed Minutes In Focus

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71 Biggest Movers From Yesterday

Gainers CynergisTek, Inc. (NYSE: CTEK) shares surged 100% to close at $1.18 on Tuesday after the company entered into a definitive agreement to be acquired by Clearwater Compliance for roughly $17.7 million.

Benzinga

Snapchat Has An Apt Filter For Investors 'Shook' By Its Stock Crashing

Snap Inc (NYSE: SNAP), the parent of Snapchat, saw its shares plummet a whopping 43.1% on Tuesday, bringing down the Nasdaq with it. Investors may discover that the multimedia messaging app has just the right filters for them to express their feelings.

Benzinga

Cathie Wood Continues To Show Faith In Bitcoin, Ethereum: Loads Up On 2 Crypto-Linked Stocks

Cathie Wood-led Ark Investment Management on Tuesday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. &

Benzinga

'Are You Serious?' Alibaba Exec Draws Flak Over Highlighting New Tech To Track What Individuals Are Eating, Where They Are Traveling

An Alibaba Group Holding Ltd. (NYSE: BABA) executive faced flak after his individual carbon footprint tracker comments at the World Economic Forum (WEF) summit in Davos, Switzerland.

Benzinga

Elon Musk's SpaceX Fetches 25% Higher Valuation In Latest Funding Amid Sexual Harassment Allegations

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX has raised a fresh round of funding that values the privately-held space company at $125 billion, the Wall Street Journal

Benzinga

Coinbase Enters The Fortune 500, Surpassed By Just One Company In Revenue Growth

Coinbase Global Inc (NASDAQ: COIN) has become the first cryptocurrency company to enter the Fortune 500 list. What Happened: Coinbase was included in the 68th Fortune 500 list, which ranks the largest U.S.-based corporations by revenue each year.

Benzinga

Use Multiple Apple Devices Like iPhone, iPad, Apple Watch? A Cool Feature Could Be In The Vine For You

In the future, Apple Inc (NASDAQ: AAPL) devices could feature technology that allows them to be aware of when they are being used as soon as someone picks them up.

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