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The Latest Breaking News from NYSE

10 Biggest Price Target Changes For Thursday: Alcoa, Travelers And More

Morgan Stanley cut Westinghouse Air Brake Technologies Corporation (NYSE: WAB) price target from $113 to $94. Westinghouse Air Brake Technologies shares fell 1.7% to $82.36 in pre-market trading.

Benzinga

Uber Had Weighed Strategic Options For Indian Business At One Point

Uber Technologies, Inc (NYSE:UBER) had weighed strategic options for its Indian ride-hailing business, including a sale, but suspended discussions following the meltdown in tech startup valuations, the Bloomberg reports. Uber began weighing alternatives, including a stock swap with local companies or a pullout, before a global equity market selloff spoilt the plans.…

Benzinga

Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities: CNBC

American Airlines Group Inc (NASDAQ:AAL) plans to discontinue service to four U.S. cities from September. The cities will lose scheduled commercial air service entirely, reported CNBC. AAL blamed the service restrictions on a regional pilot shortage. The report further noted American Airlines, United Airlines Holdings Inc (NASDAQ:UAL), and Delta Air Lines, Inc (NYSE:DAL) have reduced service…

Benzinga

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EXCLUSIVE: Splash Beverage Acquires 80% Stake In Spanish Wine Brand Pulpoloco Sangria

Splash Beverage Group Inc (NYSE: SBEV) has signed an agreement to acquire 80% of Pulpoloco Sangria, a Spanish wine brand, for an undisclosed sum.

Benzinga

Bidders Offers Value Toshiba Up To $22B: Reuters

Potential buyers for Japanese conglomerate Toshiba Corp (OTC:TOSYY) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported. The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba's share price of 5,501 yen as of Wednesday's close. Related: Toshiba Gets Privatization Proposals -…

Benzinga

US Expands Monkeypox Testing Capacity To Five Commercial Lab Companies

The Department of Health and Human Services (HHS), through the Centers for Disease Control and Prevention (CDC), started shipping monkeyp

Benzinga

FDA Probes Another Infant Death Given Abbott Formula, Less Than Month After Troubled Plant Reopens

Problems for Abbott Laboratories' (NYSE: ABT) Sturgis plant in Michigan for baby formula powder refuse to subside. The FDA was recently notified of another infant's death who was given formula made at Abbott's Sturgis facility.

Benzinga

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Rockwell Medical Receives Additional FDA Feedback On Anemia Candidate

Last week, Rockwell Medical Inc (NASDAQ:RMTI) closed the second $7.5 million tranche of the previously announced DaVita Inc (NYSE:DVA) stock purchase agreement of up to $15 million in convertible preferred stock in two tranches. This investment, in addition to the recently announced $15 million financings, brings the total gross amount raised by Rockwell this quarter to $30 million. …

Benzinga

Here's Why Alibaba Shares Are Trading Higher Premarket

Alibaba Group Holding Limited (NYSE:BABA) founder Jack Ma's Ant Group Co is likely to apply for a critical financial license by June, Bloomberg reports. The move signals the fintech giant is getting closer to satisfying China's financial regulators, who quashed its listing ambitions in 2020. It followed a broader crackdown that erased over $1 trillion in…

Benzinga

Two Nio Workers Die As Test Vehicle Falls Off Building In China: Report

Two Nio Inc (NYSE: NIO) employees died after a camouflaged Nio car reportedly fell from the fifth floor of the Shanghai headquarters.

Benzinga

Video: Best-Selling Electric Vehicle Catches Fire In India, Sparking Fresh Concerns

Tata Motors (NYSE: TTM) electric car Tata Nexon EV caught fire in Mumbai on Wednesday late evening (local time), triggering a fresh debate about the safety of electric vehicles made in the country.

Benzinga

US Stock Futures Mixed Ahead Of Jobless Claims, Powell Testimony

Pre-open movers

Benzinga

76 Biggest Movers From Yesterday: Ocean Bio-Chem, Athira Pharma And More

Gainers Ocean Bio-Chem, Inc. (NASDAQ: OBCI) shares climbed 117.2% to close at $12.86 on Wednesday after the company announced it will be acquired by OneWater Marine for $13.08 per share in cash.

Benzinga

$100 Invested In Revlon Right Now Would Be Worth This Much If Stock Gets Back To All-Time High

Retail-investor buzz has been building around Revlon Inc (NYSE: REV).

Benzinga

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Benzinga

Twitter Launching This New Feature Is 'Most Significant Update' In 5 Years, Says Analyst

Twitter, Inc. (NYSE: TWTR) is testing a new feature called Notes to allow lengthier tweets.

Benzinga

Short Not Sweet Anymore? Twitter Tests New Feature To Let You 'Write Longer'

Twitter Inc (NYSE: TWTR) says it is testing a way for people to “write longer” on its social media platform. What Happened: The Jack Dorsey-founded company tweeted that a “small group of writers” are helping it test Notes.

Benzinga

Elon Musk On Negative Articles About Tesla From 2017 To 2019: 'They Were Thumbing Through The Thesaurus For Bad Words'

Electric vehicle giant Tesla Inc (NASDAQ: TSLA) doesn’t spend money on traditional advertising like its peers and competitors.

Benzinga

NFT Collection Doodles Adds Pharrell To The Board, Gets Investment From Reddit Co-Founder Alexis Ohanian: Here Are The Details

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Chicago Sun-Times

Bruton Smith, NASCAR Hall of Famer and Speedway Motorsports founder, dies at 95

Smith made Speedway the first public motorsports company to trade on the New York Stock Exchange.

Benzinga

Steelcase Shares Surge On Solid Q1 Results, Clocks 33% Revenue Growth

Steelcase Inc. (NYSE:SCS) reported first-quarter revenue growth of 33% year-over-year to $740.70 million, +35% on an organic basis, beating the consensus of $690.94 million. Adjusted EPS was $(0.05), beating the consensus of $(0.18). Revenue by segments: Americas $520.8 million (+38% Y/Y), EMEA $156.4 million (+27% Y/Y) and Others $63.5 million (+12% Y/Y). The…

Benzinga

Hedge Fund Manager Taunts Apes With AMC Short Position: 'I Dare All The Meme Stock Maniacs To Try To Hurt Us'

The AMC Entertainment Holdings Inc (NYSE: AMC) apes must be pounding their chests after AQR Capital Management's Cliff Asness called them out on Wednesday.

Benzinga

JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise

JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market.

Benzinga

RBC Capital Updates Ratings On Homebuilders & Building Products Sector As Housing Demand Declines

RBC Capital analyst Mike Dahl further reduces estimates and price targets for Homebuilders & Building Products companies as housing demand declines. The analyst expects further deterioration after the most recent jump in rates (+50 bps past 2 weeks and +270 bps YTD).

Benzinga

Twitter Partners With Shopify For Shopping Ecosystem: What You Need To Know

Social media platform Twitter Inc (NYSE: TWTR) reported a new partnership Wednesday that could help its massive user base better monetize itself.

Benzinga

Cybin Closes Fiscal Year 2022, Reports Financial Results And Major Achievements

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN), a biopharma company focused on progressing “psychedelics to therapeutics” through proprietary drug discovery platforms announced its financial and business results ended March 31, 2022.

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