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The Latest Breaking News from NYSE

Why Rite Aid Shares Are Falling Today

Rite Aid Corp (NYSE: RAD) shares are trading significantly lower Thursday after Deutsche Bank analyst George Hill downgraded the stock from a Hold rating to a Sell rating and lowered the price target from $16 to $1.

This Major Alibaba Investor Has Tripled Stock Buyback To $1.1B

This Major Alibaba Investor Has Tripled Stock Buyback To $1.1B

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) bought ¥141.4 billion ($1.1 billion) worth of shares in March, versus ¥46.2 billion of shares in February, more than tripling the size of its share buybacks. The buyback, coupled with a 7.6% jump in Alibaba Group Holding Ltd's (NYSE:BABA) shares, helped SoftBank cap a monthly stock-price gain of 8.5%, a…

Tencent To Bring Down Curtains On Game Streaming Service

Tencent To Bring Down Curtains On Game Streaming Service

Tencent Holdings Ltd (OTC:TCEHY) looks to shut down its game streaming service citing a shift in its business strategy, Bloomberg reports. The streaming platform, called Penguin Esports, will terminate all services on June 7 after having already suspended new user registrations and in-app purchases. Tencent looks to compensate users by giving away…

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Recap: Levi Strauss Q1 Earnings

Levi Strauss (NYSE:LEVI) reported its Q1 earnings results on Wednesday, April 6, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

European Online Car Retailer Cazoo Registers 227% Revenue Growth In Q4

European online car retailer Cazoo Group Ltd (NYSE:CZOO) reported fourth-quarter FY21 revenue growth of 227% year-on-year to £245 million. Retail revenue rose 128% Y/Y to £157 million. Drivers: Cazoo sold 8,714 retail vehicles, up 61.1% Y/Y, and 7,611 wholesale vehicles, up 505.5% Y/Y. Cazoo reported a U.K. Retail GPU of £233, up £403 Y/Y. Cazoo's…

Jim Cramer Shares His Thoughts On Bank of America, Douglas Emmett And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said BlueLinx Holdings Inc’s (NYSE: BXC) stock anticipated that interest rates would be rising. Therefore "I would actually be a buyer, not a seller of that stock."

Why Wayfair Shares Are Moving Lower Today

Wayfair Inc (NYSE: W) shares are trading lower Thursday after Wells Fargo analyst Zachary Fadem downgraded the stock from an Equal-Weight rating to an Underweight rating and lowered the price target from $110 to $100.

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Why Conagra Brands Stock Is Trading Lower

Why Conagra Brands Stock Is Trading Lower

Conagra Brands Inc (NYSE: CAG) shares are trading lower Thursday morning after the company reported financial results and issued guidance below estimates.

Conagra Brands Clocks 5% Top-Line Growth In Q3; Cuts FY22 EPS Outlook

Conagra Brands Clocks 5% Top-Line Growth In Q3; Cuts FY22 EPS Outlook

Conagra Brands Inc (NYSE:CAG) reported third-quarter FY22 sales growth of 5.1% year-on-year, to $2.91 billion, beating the consensus of $2.84 billion. Grocery & Snacks segment sales increased 6.2% Y/Y to $1.2 billion, and Refrigerated & Frozen segment sales increased 2.9% Y/Y to $1.2 billion. Adjusted EPS of $0.58 was in line with the…

Hostess Brands Appoints Travis Leonard As Finance Chief

Hostess Brands Appoints Travis Leonard As Finance Chief

Hostess Brands Inc (NASDAQ:TWNK) has appointed Travis Leonard as the Chief Financial Officer (CFO), effective May 11, 2022. Leonard will succeed interim CFO Mike Gernigin, who will remain with the company as Chief Accounting Officer. Leonard joins Hostess Brands with more than 25 years of global financial executive experience at companies including Cardinal Health Inc (NYSE:CAH).…

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Constellation Brands: Q4 Earnings Insights

Constellation Brands: Q4 Earnings Insights

Constellation Brands (NYSE:STZ) reported its Q4 earnings results on Thursday, April 7, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Conagra Brands: Q3 Earnings Insights

Conagra Brands: Q3 Earnings Insights

Conagra Brands (NYSE:CAG) reported its Q3 earnings results on Thursday, April 7, 2022 at 07:30 AM. Here's what investors need to know about the announcement. Earnings Conagra Brands reported in-line EPS of $0.58 versus an estimate of $0.58.

Barclays Downgrades Ford, Cuts Price Target By 26%

Barclays Downgrades Ford, Cuts Price Target By 26%

Barclays analyst Brian Johnson downgraded Ford Motor Co (NYSE:F) to Equal Weight from Overweight with a price target of $17, down from $23, implying a 10.39% upside. Johnson said that the investors underestimated the risk of inflation, production pressure, and the impact of interest rate hikes in the auto and auto parts sector. The analyst…

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news in one place.

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This Alibaba Rival's Founder Steps Down As CEO: What You Need To Know

JD.com (NASDAQ: JD), which has emerged as a potent rival to e-commerce giant Alibaba Group Holdings, Inc. (NYSE: BABA) is seeing a change of guard at the helm.

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

10 Biggest Price Target Changes For Thursday

Wells Fargo reduced the price target on Williams-Sonoma, Inc. (NYSE: WSM) from $160 to $140. Williams-Sonoma shares fell 5.3% to close at $140.91 on Wednesday.

Here's Why HP Shares Are Trading Higher Premarket

Warren Buffet's Berkshire Hathaway Inc (NYSE: BRK-B) acquired 121 million shares of HP Inc (NYSE:HPQ), the latest in significant investments according to the SEC filings. Berkshire acquired an 11.4% stake in HP, worth about $4.2 billion based on HP's April 6 closing price of $34.91, Reuters reports. Investors had lost interest in companies like HP over concerns of surging inflation, curbing…

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news in one place.

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23 Stocks Moving in Thursday's Pre-Market Session

Gainers HTG Molecular Diagnostics, Inc. (NASDAQ: HTGM) rose 46.7% to $1.88 in pre-market trading after the company announced it has harmonized its miRNA Whole Transcriptome Assay with the HTG Transcriptome Panel.

Read How Analysts View System1 Post Q4 Results

Analysts lauded System1 Inc's (NYSE:SST) Q4 FY21 beat and FY22 guidance. Benchmark analyst Daniel Kurnos noted that shares of System1 closed up 23% on a volume of 32 million shares on April 6 post Q4 beat. Kurnos called System1 "more than a meme" and saw it ready for another year of outperformance in 2022. Kurnos has…

Shell Forecasts Russia-Related Impairment Charges Of $4B-$5B In Q1 FY22

Shell Plc (NYSE: SHEL) will write down up to $5 billion follow

Vapotherm Issues Q1 FY22 Sales Guidance Below Expectations, Pulls FY22 Outlook

Vapotherm Inc (NYSE: VAPO) expects

Boeing 737 MAX Lands In China Amid Uncertainty Over Model's Return: Reuters

A Boeing Co (NYSE:BA) 737 MAX intended for China Eastern Airlines (NYSE:CEA) subsidiary Shanghai Airlines landed in Shanghai on Thursday, according to flight-tracking websites, amid uncertainty about when the model will resume flying in China, reported Reuters. Flight BOE631 from Guam came more than three weeks after the first 737 MAX bound for a Chinese…

Xponential Fitness Selling Shareholders Price Equity Offering At 3% Discount

Xponential Fitness Inc (NYSE:XPOF) has priced the public offering of 4.5 million shares by the company's existing stockholders at $20.00 per share. The offer price represents a 3% discount on the company's closing price on April 6. The selling stockholders are affiliates of Snapdragon Capital Partners. In addition, the selling shareholders have granted…

Walmart's Indian E-Commerce Arm Flipkart Boosts IPO Valuation: Reuters

Walmart Inc (NYSE:WMT) owned Indian e-commerce company Flipkart has boosted its IPO valuation to $60 billion - $70 billion from the previous $50 billion, Reuters reported. Also, Flipkart has postponed its plans for the U.S. listing to 2023 instead of 2022. The report noted that the Indian company has decided to wait…

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