The Latest Breaking News from NYSE

CNBC Entrepreneur Behind Microsoft’s Wunderlist Raised $11M - Read Why

According to a recent regulatory filing, Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc's (NYSE: BRK-B) $11.6 billion takeover of Alleghany Corporation (NYSE:Y), the insurer's largest acquisition in six years, despite his refusal to pay the insurer's banking charge, reports Reuters. Alleghany's Chief Executive Officer Joseph Brandon met with Buffett for dinner…

Pre-open movers U.S. stock futures traded lower in early premarket trade after the Nasdaq Composite index closed at 13,411.96, a dip of almost 300 points. Investors are awaiting the annual inflation number for March, which is forecasted at 8.4%, a steep rise from 7.9% in February.

General Motors Co (NYSE: GM)-owned, self-driving taxi service Cruise’s unusual pit stop on a San Francisco street last week left onlookers in splits. 

Honda Motor Co Ltd (NYSE:HMC) looks to spend ¥8 trillion ($64 billion) on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Honda's goals include producing 2 million EVs a year by 2030 to gain a share in the fast-growing…

German auto parts supplier Bosch has halted production in the Chinese cities of Shanghai and Changchun following COVID-19 curbs, Reuters reported. Bosch has closed shutters at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in northeastern Jilin province. The report noted two other plants in Shanghai and Taicang city…

Toyota Motor Corp (NYSE:TM) plans to launch its new electric sports utility vehicle (SUV), bZ4X BEV, on May 12 in Japan. The battery-electric vehicle (BEV) dedicated platform is a first for Toyota. It aims to offer power efficiency (128Wh/km), a cruising range for practical driving of 559 km, and a battery retention ratio…

KeyBanc analyst Jason Celino downgraded Chegg Inc (NYSE:CHGG) to Sector Weight from Overweight. Celino said he observed a downtick in growth trends in the company’s credit/debit transactions. Though international prospects seem bright, powered by localization catalysts, Celino believes that consistent growth in the U.S. is needed to warrant further multiple re-rating at current levels.…

Shares of Goldman Sachs Group Inc (NYSE: GS) are down nearly 19% year to date. The bank is scheduled to report its first-quarter earnings on Thursday.

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The telecom equipment giant Nokia Corporation (NYSE: NOK) is the latest one to join the slew of companies pulling out of the Russian market amid the country's invasion of Ukraine.