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The Latest Breaking News from NYSE

Toyota To Launch Its New Electric SUV On May 12 In Japan

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…

Benzinga

Read Why KeyBanc Is Cautious On Chegg

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.…

Benzinga

This Bank Could Make Big Gains After Earnings

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.

Benzinga

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Tesla Rival Xpeng Puts Up Special P7 Edition For Sale: Here's What You Need To Know

U.S.

Benzinga

Nokia Exits Russia Amid Ukraine Invasion: What You Need To Know

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.

Benzinga

Why Tesla Rivals Nio, Xpeng Are Going Higher In Hong Kong Today

Shares of U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO) and Xpeng Inc.

Benzinga

Cathie Wood Trims Twitter Stake By $8.7M As Elon Musk Declines Board Seat

Cathie Wood’s Ark Investment Management on Monday lowered its exposure to Twitter Inc (NYSE: TWTR), a day after billionaire entrepreneur and Tesla Inc (NASDAQ: TSL

Benzinga

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Is It A Good Time To Average Down Energy Stocks? 10 Trade Ideas

Oil prices have dipped below $100 for the first time since mid-March, causing stocks associated with the sector to fall. Brent crude oil fell 4.36% to $98.30, while WTI (West Texas Intermediary) fell 4.22% to $94.11. Crude prices have been on an unprecedented rally since February, when Russia invaded Ukraine, pushing…

Benzinga

EXCLUSIVE: Hyliion CEO Talks Accelerated EV Transition, What's Ahead For The Hypertruck

Hyliion Holdings Corp (NYSE: HYLN) entered the electric vehicle space with a hybrid product approach in order to help ease the transition from diesel to electric vehicles.

Benzinga

These Are The Most Popular Streaming Apps For Millennials (And No, Netflix Isn't No. 1)

A new list shows the most popular streaming apps for users in the U.S. based on their age. Among the highlights are that several of the top streaming apps are not the ones users would guess top the list.

Benzinga

Here's Why UBS Is Cautious On Microsoft, Alibaba

UBS painted a cautious picture of Microsoft Corp (NASDAQ: MSFT) and Alibaba Group Holding Ltd (NYSE: BABA).

Benzinga

Fortnite Maker Clocks $32B Valuation After Raising Funds From Sony, Lego

Fortnite maker Epic Games raised $2 billion from Sony Group Corp (NYSE:SONY) and the family-owned holding company behind the Lego Group, reaching a valuation of $31.5 billion, Reuters reports. Sony, an existing investor, and the Kirkbi investment company invested $1 billion to help Epic accomplish its metaverse ambitions. Epic Games essentially lost a trial in…

Benzinga

Former Intel Executive Founded Chipmaker Confidentially Files For US IPO

Former Intel Corp (NASDAQ:INTC) President founded chipmaker Ampere Computing has confidentially filed for a U.S. initial public offering, Reuters reports. Founder Renee James, who serves as Ampere's CEO, also is a board member of Citigroup Inc (NYSE:C) and Oracle Corp (NYSE:ORCL). Chip demand surged during the pandemic with the shift to remote work with GLOBALFOUNDRIES Inc (NASDAQ:GFS) making its public debut. However,…

Benzinga

TikTok Revenue Set To Surpass Twitter, Snap Revenue Combined

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to over $11 billion, Reuters reports quoting Insider Intelligence. TikTok's revenue will likely surpass the combined sales of its rivals, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP). Nearly $6 billion, or more than half, of 2021's ad revenue will likely come from the U.S., despite regulatory concerns…

Benzinga

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The Independent UK

Fearless Girl statue will stay put opposite NYSE for now

The 4-foot bronze Fearless Girl statue that was deposited in front of New York City’s Charging Bull in 2017 will remain in its current spot opposite the New York Stock Exchange at least until early next year

Benzinga

3 Stocks That Could Benefit From The Record-Breaking Weekend Of 'Sonic The Hedgehog 2'

The highly anticipated sequel “Sonic the Hedgehog 2” was the box office leader for the weekend and posted some record-breaking numbers. Here are three stocks that could enjoy the success of “Sonic the Hedgehog 2.”

Benzinga

Is LeBron James Striving For Greatness In The NFT Space? These Trademarks Say So

NBA superstar LeBron James is one of several athletes setting up for growth of the metaverse and non-fungible tokens. Here’s the latest on new filings from James.

Benzinga

Here's How Shopify Chief Looks To Preserve Control

Shopify Inc (NYSE:SHOP) sought approval to change its complex share structure to protect the voting power, including a 10-for-1 stock split, the Wall Street Journal reports. Co-founder and CEO Tobi Lütke proposed a new “founder share” that, combined with his existing supervoting Class B shares, increased his voting power to 40% from…

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Benzinga

Peering Into QuantumScape Corporation Class A Common Stock's Recent Short Interest

QuantumScape Corporation Class A Common Stock's (NYSE:QS) short percent of float has risen 5.13% since its last report. The company recently reported that it has 43.50 million shares sold short, which is 20.29% of all regular shares that are available for trading.

Benzinga

Germany Inks COVID-19 Vaccine Deal With CureVac, GSK Until 2029

Germany has signed a contract with CureVac BV (NASDAQ:CVAC) and its partner GlaxoSmithKline plc (NYSE:GSK) for domestically produced mRNA vaccines to bolster supplies for pandemic preparedness. The five-year contract allows for the production of up to 80 million doses at short notice until 2029, CureVac said, adding that those doses could be for the remainder of…

Benzinga

Honeywell Looks For More Suppliers To Support Boeing, Airbus Aircraft Targets: Reuters

Honeywell International Inc (NASDAQ:HON) is exploring adding more suppliers as it prepares to meet higher demand from Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY), which are ramping up production to cater to a surge in air travel, Reuters reported. Honeywell, which manufactures everything from engines to cockpit components, is working to diversify its supplier base of…

Benzinga

This Upcoming Catalyst Could Send Disney Shares 'Off To The Races'

The Walt Disney Co (NYSE: DIS) was featured as the call of Monday on CNBC's "Fast Money Halftime Report."

Benzinga

PreMarket Prep Stock Of The Day: AT&T

Depending on your quote provider, shares of AT&T (NYSE: T) may have been trading lower by $4.52 or higher by roughly $1.38 at $19.60 Monday. The reason for the disparity in price makes AT&T the PreMarket Prep Stock of the Day.

Benzinga

Elanco, Ginkgo Bioworks Launch BiomEdit, Microbiome-Focused Animal Health Firm

Elanco Animal Health Incorporated (NYSE:ELAN) and Ginkgo Bioworks Holdings Inc (NYSE:DNA) have launched BiomEdit, a microbiome innovation company. BiomEdit will discover, develop and introduce novel probiotics, bioactive molecules, engineered microbial medicines, and microbial monitoring services for animal health. In October last year, Elanco announced its intention to carve out its microbiome platform and pipeline under the leadership…

Benzinga

These 8 Stocks Are Seeing Massive Volume Today

Trading volume is a simple way to measure how much of a security is being traded over a period of time. A high trading volume indicates high buying pressure if the stock is moving higher, or high selling pressure if the stock is moving lower.

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