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The Latest Breaking News from NYSE

Elon Musk's Twitter Funding Partially Linked To A Russian Billionaire: Report

Elon Musk has blown hot and cold with his intention to take social media platform Twitter, Inc. (NYSE: TWTR) private. This has set in motion discussions regarding his intent and the sources of funding.

Benzinga

Vince Holding: Q1 Earnings Insights

Vince Holding (NYSE:VNCE) reported its Q1 earnings results on Thursday, June 9, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga

Hillenbrand And 2 Other Stocks Insiders Are Buying

Although US stocks traded lower by around 270 points on Wednesday, there were a few notable insider trades.

Benzinga

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India's Apollo Global, Reliance Make a Binding Offer For UK's Boots: Bloomberg

Apollo Global Management Inc. (NYSE:APO) and Ambani's Reliance Industries Ltd. led consortium have made a binding offer for Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) international arm, reported Bloomberg, citing people familiar with the matter. The source stated that the proposal values Boots at more than £5 billion ($6.3 billion). Walgreens is seeking a valuation of around £7…

Benzinga

US Schedules Covid-19 Vaccines For Children Below Five Years

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

Benzinga

Nio's Q1 Revenue Tops Estimates, Forward Guidance Disappoints: What EV Investors Need To Know

Chinese electric vehicle startup Nio, Inc. (NYSE: NIO) reported first-quarter revenues Thursday that exceeded expectations, while its bottom-line reflected cost pressures.

Benzinga

Palantir Plans To Bid For £360M UK NHS Contract: FT

Palantir Technologies Inc (NYSE:PLTR) is planning to expand its role in the U.K.’s National Health Service (NHS), Financial Times reported. The firm has supported NHS with its analytics software in the administration of ventilators and PPE tools. Now, the company is planning to bid on a £360 million contract for the proposed Federated…

Benzinga

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Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

Benzinga

10 Biggest Price Target Changes For Thursday

Barclays cut McDonald's Corporation (NYSE: MCD) price target from $300 to $289. McDonald's shares rose 0.1% to $245.92 in pre-market trading.

Benzinga

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

Benzinga

Pfizer And 3 Other Stocks Insiders Are Selling

US stock futures traded mixed this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Blackstone Inc (NYSE:BX), the investment management company, is likely to take the reigns of Australia’s Crown resorts after the country’s regulators approve the bid, Reuters reported. Crown resorts have been mired in allegations of money laundering, making its investors nervous and eager for an overhaul or ownership transition. The COVID-19 pandemic and…

Benzinga

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

E-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) and on-demand service platform operator Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust fines,

Benzinga

Skillsoft Clocks 5% Decline In Q1 Bookings; Eyes Bottom-End Of FY23 Bookings, Revenue Outlook

Skillsoft Corp (NYSE:SKIL) reported first-quarter FY23 GAAP revenue growth of 78.7% year-on-year to $163.91 million. Adjusted revenue grew 1% to $170.3 million. Total bookings in the quarter declined 5% Y/Y to $125.5 million. Skillsoft Content segment bookings growth was 22%. The operating expenses for the quarter increased 72.8% Y/Y to $206.3 million. The…

Benzinga

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Benzinga

18 Stocks Moving in Thursday's Pre-Market Session

Gainers View, Inc. (NASDAQ: VIEW) rose 18.5% to $2.05 in pre-market trading after declining 5% on Wednesday.

Benzinga

Tommy Bahama & Lilly Pulitzer Owner Posts Solid Q1 Earnings; Lifts FY22 Outlook

Oxford Industries Inc (NYSE:OXM) reported first-quarter FY22 sales growth of 33% year-on-year to $352.6 million, beating the consensus of $329.02 million. Net sales from Tommy Bahama increased 46% Y/Y, Lilly Pulitzer rose 25%, and Emerging Brands gained 42%. Full price e-commerce sales grew 20% compared to Q1 FY21. Restaurant sales climbed 23%, and…

Benzinga

83 Biggest Movers From Yesterday

Gainers Symbotic Inc. (NASDAQ: SYM) shares surged 120.6% to settle at $20.07 on Wednesday. Symbotic reported the completion of its business combination with SVF Investment Corp. to become a publicly traded company.

Benzinga

Tesla Bounces Back With Strong May Sales In China, Clocking 2000% Sequential Rise

Tesla, Inc. (NASDAQ: TSLA) has bounced back big in China in May after a grossly underwhelming performance in the previous month.

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Benzinga

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Jobless Claims Report

Pre-open movers

Benzinga

5 Stocks To Watch For June 9, 2022

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

Benzinga

Alibaba Faces US Lawsuit Over Selling Defective Printer That Led To A Death In Fire Accident

Alibaba Group Holding, Inc. (NYSE: BABA) is reportedly facing a legal challenge in the U.S. over a defective product that was sold on its website.

Bangkok Post

Goldman, Nomura see Thailand embarking on rate-hike cycle

The Bank of Thailand (BoT) is set to raise rates from August to quell persistently high inflation, according to analysts, ending a three-year long easy monetary policy stance to shield the Covid-19 pandemic-hit economy.

Benzinga

Cathie Wood's Ark Invest Scoops Up $2.3M Worth Of Tesla

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

ABC News

US financial regulators threaten to delist Chinese companies but will Beijing compromise to save their American dream?

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

Benzinga

Why Greif Shares Are Surging After Hours Today

Greif, Inc (NYSE:GEF) reported second-quarter net sales growth of 24.4% year-over-year to $1.67 billion, beating the consensus of $1.51 billion. Global Industrial Packaging net sales increased by $173.7 million to $971.7 million, and Paper Packaging & Services n et sales increased by $152.3 million to $689.3 million. The gross margin expanded by…

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