The Latest Breaking News from NYSE

Why Buckle Shares Are Surging Today

Buckle Inc (NYSE:BKE) reported first-quarter FY22 sales growth of 3.3% year-on-year to $309.06 million, beating the consensus of $291.76 million. Comparable store net sales for the quarter increased by 3.7% versus last year. Online sales increased 1.1% Y/Y to $54.3 million. EPS of $1.12 beat the analyst consensus of $0.89. Gross profit rose…

Benzinga · May 26, 2022

Broadcom To Acquire VMware In $61B Deal: What Investors Need To Know

Broadcom Inc (NASDAQ: AVGO) on Thursday announced it will acquire Vmware Inc (NYSE: VMW) in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion.

Benzinga · May 26, 2022

The Daily Biotech Pulse: Setback For NRx Pharma's COVID Study, Fast Track Tag For Pfizer's NASH Combo Therapy, Reata's Ataxia Drug In FDA Review

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga · May 26, 2022

Why Dollar General Shares Are Gaining Today

Dollar General Corp (NYSE:DG) reported first-quarter FY22 sales growth of 4.2% year-on-year to $8.75 billion, beating the consensus of $8.70 billion. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by the slight decline in same-store sales and the impact of store closures. Same-store sales decreased…

Benzinga · May 26, 2022

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Benzinga · May 26, 2022

Sony Goes Aggressive On Gaming Pursuit - Read How

Sony Group Corp's (NYSE:SONY) PlayStation division looks to acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said, Bloomberg, reports. Sony is yet to expand PlayStation Studios inorganically and will look to keep forging deals, Jim Ryan said. Sony spent nearly half its PlayStation…

Benzinga · May 26, 2022

Venture Global 'Secretly' Started Constructing $13B LNG Plant On US Gulf Coast

The Financial Times reported that Venture Global LNG would build one of the largest new liquefied natural gas export plants in the U.S. on the Louisiana coast.

Benzinga · May 26, 2022

Two Major Tech Deals Come Under UK Government Scrutiny

The U.K. will review Altice USA Inc's (NYSE:ATUS) increased stake in BT Group plc (OTC:BTGOF) after Business Secretary Kwasi Kwarteng exercised new takeover powers focusing on national security, reports CNBC. The company announced that the U.K. Business Secretary Kwasi Kwarteng is "calling in" its deal with Altice, which telecom magnate Patrick Drahi owns. BT Group said it…

Benzinga · May 26, 2022

Why Macy's Shares Are Surging Today

Macy’s Inc (NYSE:M) reported first-quarter FY22 sales growth of 13.6% year-on-year to $5.35 billion, beating the consensus of $5.33 billion. Comparable sales increased 12.8% on an owned basis and up 12.4% on an owned plus licensed basis versus Q1 2021. Digital sales climbed 2% versus Q1 FY21 and 34% versus Q1 FY19. The…

Benzinga · May 26, 2022

Build-A-Bear Workshop: Q1 Earnings Insights

  Build-A-Bear Workshop (NYSE:BBW) reported its Q1 earnings results on Thursday, May 26, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga · May 26, 2022