The Latest Breaking News from NYSE

Gold futures traded higher this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

  Abercrombie & Fitch (NYSE:ANF) reported its Q1 earnings results on Tuesday, May 24, 2022 at 07:30 AM. Here's what investors need to know about the announcement. Earnings Abercrombie & Fitch reported an EPS of $-0.27.

Semperis, a cybersecurity software startup based in the United States, has announced a $200 million funding round led by private equity firm KKR & Co Inc (NYSE:KKR) at a significantly higher valuation than its previous round, reported Reuters. Existing investors such as Insight Partners and new investors such as Ten Eleven Ventures joined…

Analysts suggested that products relying on semiconductors will likely get more costly as chip foundries prepare to increase their prices, CNBC reports. Global semiconductor lead at Accenture Plc (NYSE:ACN) saw the magnitude of any price increases depending upon the share of semiconductor cost in the overall product cost, the ability of manufacturers to…

Toyota Motor Corp (NYSE:TM) plans to cut global production by about tens of thousands of units to roughly 850,000 vehicles in June due to the semiconductor shortage. The auto major expects to produce 9.7 million units for the full period of the fiscal year 2023. The average global production plan from June through…

Nio, Inc. (NYSE: NIO) is pursuing vertical integration amid the supply crunch and input price inflation.

Although the Dow Jones closed higher by more than 600 points on Monday, there were a few notable insider trades.

NetEase, Inc (NASDAQ:NTES) reported first-quarter FY22 revenue growth of 14.8% year-on-year to $3.7 billion. Segments and margins: Online game services revenues grew 15.3% Y/Y to $2.7 billion. The gross margin for online game services expanded by 50 bps to 65.1%. Youdao, Inc (NYSE:DAO) revenue decreased 10.4% Y/Y to $189.4 million, and the corresponding gross margin…

In a bid to catch up with its peers, Mahindra and Mahindra's (OTC: MAHMF) chief said the Indian automotive giant would explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio.