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The Latest Breaking News from NYSE

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares. Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

Benzinga

The Daily Biotech Pulse: BioXcel's Igalmi Gets FDA Nod, Citius Spikes On Positive Phase 3 Data, Iovance Receives Positive Regulatory Feedback For Skin Cancer Therapy

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

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Wednesday, April 6

CNBC Global Government Debt Expected To Swell To $71 Trillion In 2022

Benzinga

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Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga

Teens Spending More On Shopping, But Concerned About Russia-Ukraine War, Reveals Piper Report

According to Piper Sandler’s biannual “Taking Stock With Teens” report, teenagers are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty,

Benzinga

Executives Sell Over $50M Of 5 Stocks

Although gold futures traded lower this morning on Wednesday, there were a few notable insider trades.

Benzinga

10 Biggest Price Target Changes For Wednesday

Raymond James reduced the price target on Intercontinental Exchange, Inc. (NYSE: ICE) from $161 to $157. Intercontinental Exchange shares rose 0.2% to $130.79 in pre-market trading.

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Uber Goes Aggressive In One Of Its Leading Market Following Pandemic Recovery

Uber Technologies Inc (NYSE: UBER) looks to add long-distance travel bookings to its U.K.

Benzinga

Executives Buy Around $15M Of 4 Stocks

Although U.S. stocks closed sharply lower on Tuesday, there were a few notable insider trades.

Benzinga

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

Benzinga

21 Stocks Moving in Wednesday's Pre-Market Session

Gainers Dakota Gold (NYSE: DC) shares rose 97.1% to $13.60 in pre-market trading. The company’s stock was uplisted to NYSE American on Tuesday.

Benzinga

Nio Worker Reportedly Used EV Maker's Servers To Mine Ethereum Illegally

Tesla, Inc. (NASDAQ: TSLA) rival and Chinese electric vehicle manufacturer NIO (NYSE: NIO) in an internal note has blamed an employee for using the company's servers to mine Ethereum (CRYPTO:

Benzinga

Earnings Scheduled For April 6, 2022

Companies Reporting Before The Bell • Tilray (NASDAQ:TLRY) is estimated to report earnings for its third quarter.

Benzinga

A Peek Into The Markets: US Stock Futures Down Ahead Of Fed Minutes

Pre-open movers

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51 Biggest Movers From Yesterday

Gainers Sunshine Biopharma, Inc. (NASDAQ: SBFM) shares surged 148.2% to close at $5.61 on Tuesday after the company announced that two of its designed mRNA molecules are effective at destroying cancer cells grown in culture.

Benzinga

5 Stocks To Watch For April 6, 2022

Some of the stocks that may grab investor focus today are: Wall Street expects RPM International Inc. (NYSE: RPM) to report quarterly earnings at $0.30 per share on revenue of $1.41 million before the opening bell. RPM shares slipped 0.4% to $82.80 in after-hours trading.

Benzinga

Elon Musk Leads With His Heart: Jack Dorsey Reacts To Twitter Stake

Twitter Inc (NYSE: TWTR) co-founder Jack Dorsey on Tuesday said Elon Musk — a fresh backer of the microblogging site — leads with his heart, prompting the Tesla Inc

Benzinga

Why Tesla Rivals Nio, Xpeng And Li Auto Are Trading Lower In Hong Kong Today

Shares of U.S.-listed Chinese electric automakers Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV), and Li Auto Inc (NASDAQ: LI) &nb

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news in one place.

100's of premium titles.
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Benzinga

Alibaba Down 4.5%, JD Down 4.9%: What's Driving Hong Kong Markets Lower Today

Shares of U.S.-listed Chinese tech companies — Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc.

Benzinga

Elon Musk Began Buying Twitter Shares In January: How He Built His Stake (Graph)

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk first bought shares in Twitter Inc. (NYSE: TWTR) on Jan. 31, according to a U.S. Securities and Exchange Commission filing.

Benzinga

Goldman Sachs To Offer OTC Ethereum Options Trading

Wall Street banking giant Goldman Sachs Group Inc (NYSE: GS) plans to add over-the-counter (OTC) Ethereum (CRYPTO: ETH) options trading to its list of crypto product offerings.

Benzinga

Elon Musk Could Face Regulatory Ire Over His Twitter Stake: Reuters

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk may face more regulatory scrutiny for missing a key disclosure deadline and filing incorrect paperwork when he bought a 9.2% stake in Twitter Inc (NYSE:

Benzinga

Does Elon Musk's Twitter Stake Spell Hope For An End To Bitcoin And Dogecoin Giveaway Scams?

Among the most tweeted about topics by Elon Musk is cryptocurrency.

Benzinga

Does Elon Musk's Investment Make Twitter A Serious Buyout Candidate?

Twitter Inc (NYSE: TWTR) shares are up 30.4% this week after Tesla Inc (NASDAQ: TSLA) CEO and world's richest man Elon Musk disclosed a new 9.2% ownership stake in Twitter and announced on Tuesda

Benzinga

Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know

Spirit Airlines Incorporated (NYSE: SAVE) on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation (NASDAQ: JBLU) to buy the company’s outstanding shares for $33 apiece.

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