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The Latest Breaking News from NYSE

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga

10 Biggest Price Target Changes For Wednesday

Wells Fargo cut Lowe's Companies, Inc. (NYSE: LOW) price target from $260 to $240. Lowe's shares fell 0.7% to $194.36 in pre-market trading.

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Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

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Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

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Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying

Although US stock futures traded lower this morning on Wednesday, there were a few notable insider trades.

Benzinga

Apple, Tesla Supplier TSMC Forecasts Strong 2022 Growth

Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM), which supplies chips to the likes of Apple, Inc. (NASDAQ: AAPL) and Tesla, Inc.

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Read What It Will Take For Alibaba's Most Accurate Analyst To Reverse His Sell Recommendation

DZ Bank AG's Manuel Muehl remained adamant on his sell recommendation on Chinese stocks, including Alibaba Group Holding Ltd (NYSE: BABA), amid hints toward possible ease in the regulatory crackdown.

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DiDi Discusses Stake Acquisition In Sinomach Automobile's EV Division For $150M

DiDi Global Inc (NYSE:DIDI) discussed acquiring a third of the EV unit of state-backed Sinomach Automobile, Reuters reports. Recent reports suggested possible ease in the regulatory crackdown on the ride-hailing company. Didi was amid advanced discussions to acquire shares in small-sized automaker Sinomach Zhijun Automobile from minority shareholders, costing over 1 billion yuan…

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Torrid Holdings Q1 Earnings Top Estimates

Torrid Holdings Inc (NYSE:CURV) reported first-quarter FY22 sales growth of 1% year-on-year to $328.41 million, beating the consensus of $303.95 million. Comparable sales decreased 2% versus an increase of 108% a year ago. Gross profit decreased 13.6% Y/Y to $125.1 million. The gross profit margin was 38.1%, contracting 640 basis points from last…

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Apple CarPlay Good But Won't Fit In With These Cars, Xpeng CEO Says

Xpeng Inc (NYSE: XPEV) chairman and CEO He Xiaopeng believes Apple Inc’s (NASDAQ: AAPL) CarPlay is a good solution for the current generation of cars, but not for the next gene

Benzinga

20 Stocks Moving in Wednesday's Pre-Market Session

Gainers Cyren Ltd. (NASDAQ: CYRN) rose 31.1% to $2.32 in pre-market trading after the company entered into an agreement with Content Services Group to sell all equity interests in its legacy secure email gateway business.

Benzinga

Twitter Fights Jan 6 Panel Demand For Internal Slack Messages During Capitol Riots: Report

Twitter Inc (NYSE: TWTR) is reportedly pushing back against demands from a committee probing the Jan. 6 Capitol riots to hand over its internal communications about moderation on its platform.

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A Peek Into The Markets: US Stock Futures Down Ahead Of Wholesale Inventories Data

Pre-open movers

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79 Biggest Movers From Yesterday

Gainers AeroClean Technologies, Inc. (NASDAQ: AERC) gained 154.7% to settle at $12.10 on Tuesday on continued strength after the FDA granted clearance for the company's pūrgo technology, classifying it as a class II medical device.

Benzinga

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5 Stocks To Watch For June 8, 2022

Some of the stocks that may grab investor focus today are:

Benzinga

'The Big Short' Legend Michael Burry Reveals How He Reacted On First Seeing 'Hero' Charlie Munger

Value investor and former hedge fund manager Michael Burry revealed what he did when he had a close encounter with the vice-chairman of Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B),&n

Benzinga

Cathie Wood Continues Tesla Snap-Up Spree With $2.15M Buy

Cathie Wood-led Ark Invest Investment Management added more Tesla Inc (NASDAQ: TSLA) stock to its portfolio on Tuesday, raising its exposure to the electric vehicle maker for the second time this month.

Benzinga

Why Alibaba, Nio, Chinese Peers Are Surging in Hong Kong Today

Shares of U.S.-listed Chinese companies were trading higher in Hong Kong on Wednesday morning, led by positive global cues.

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news in one place.

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Benzinga

Why Exxon Mobil Looks Set For All-Time Highs As Gas Prices Soar

Exxon Mobil Corp (NYSE: XOM) was shooting up more than 4% higher on Tuesday after two analysts raised their price targets on the stock.

Benzinga

ReneSola Clocks Q1 Revenue Decline Of 85%, Reiterates FY22 Guidance

ReneSola Ltd. (NYSE:SOL) reported a first-quarter revenue decline of 85% year-over-year and sequentially to $3.5 million, driven by energy sales from IPP assets that came from 33 million KWh generated. Adjusted gross profit was $1.4 million, and the margin was 36.3% for the quarter. Adjusted operating expenses were $2.7 million, compared to…

Benzinga

This Is What Whales Are Betting On CVS Health

A whale with a lot of money to spend has taken a noticeably bearish stance on CVS Health. Looking at options history for CVS Health (NYSE:CVS) we detected 11 strange trades.

Benzinga

This Is What Whales Are Betting On BHP Group

Someone with a lot of money to spend has taken a bearish stance on BHP Group (NYSE:BHP). 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.

Benzinga

Smartsheet Shares Slide After Hours On Widening Q1 Loss, Below Par EPS Outlook

Smartsheet Inc (NYSE:SMAR) reported first-quarter revenue growth of 44% year-over-year to $168.3 million, beating the consensus of $162.55 million. Adjusted EPS was $(0.18), beat the consensus of $(0.19). The gross margin expanded by 62 bps to 77.9%. Loss from operations widened to $(69.8) million from $(38.36) million in 1Q22. SMAR's net operating…

Benzinga

What's In Ryan Cohen's Portfolio? Just These Two Stocks

Ryan Cohen, the activist investor behind GameStop Corp. (NYSE: GME) made himself famous in 2017 when he sold Chewy.com (NYSE: CHWY), the e-commerce company he founded in 2011, for a record $3.35 billion to t

Benzinga

Another Casualty Of Our Economic War Against Russia: U.S. Treasury Bonds. How Our Bet Against Them Has Worked So Far.

Another Casualty In The Economic War One theme of our posts since Russia invaded Ukraine is that America's economic war against Russia is hurting America. As we noted over the weekend ("Sanctions On Russia Backfire On The West"), the mainstream media has belatedly started to realize this as well.

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