The Latest Breaking News from NYSE

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 · Jun 23, 2022

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 · Jun 23, 2022

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 · Jun 23, 2022

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 · Jun 23, 2022

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 · Jun 23, 2022

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

A popular non-fungible token collection was busy with several announcements over the past 24 hours. Here’s what Doodles announced and what’s to come.

Benzinga · Jun 22, 2022

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.

Chicago Sun-Times · Jun 22, 2022

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 · Jun 22, 2022

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 · Jun 22, 2022

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 · Jun 22, 2022