The Latest Breaking News from NYSE

Why Jabil Shares Are Rising Today

Jabil Inc (NYSE: JBL) shares are trading higher Wednesday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Benzinga · Mar 16, 2022

Why Alibaba, Nio And Other Chinese Stocks Are Surging

Shares of Chinese companies including Alibaba Group Holding Ltd (NYSE: BABA) and NIO Inc (NYSE: NIO), are trading higher Wednesday following a Chinese state media report indicating China's financial s

Benzinga · Mar 16, 2022

Levi's Trademarks Metaverse And NFT Virtual Clothing

U.S.-based denim giant Levi Strauss & Co. (NYSE: LEVI) appears to be planning to jump into the metaverse and non-fungible token (NFT) technologies.

Benzinga · Mar 16, 2022

What 6 Analyst Ratings Have To Say About Engagesmart

Over the past 3 months, 6 analysts have published their opinion on Engagesmart (NYSE:ESMT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga · Mar 16, 2022

Spire Global Inks Contract With NorthStar For Dedicated Constellation

Spire Global Inc (NYSE:SPIR) entered a new space-as-a-service agreement with NorthStar Earth & Space to build a constellation of satellites focused on space-situational awareness (SSA) and debris monitoring. Financial terms not disclosed. The first award within the contract is for three satellites, with pre-agreed options for NorthStar to increase the constellation to dozens…

Benzinga · Mar 16, 2022

9 Industrials Stocks Moving In Wednesday's Pre-Market Session

 

Benzinga · Mar 16, 2022

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

 

Benzinga · Mar 16, 2022

This Day In Market History: Bear Stearns Merges With JPMorgan

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. (NYSE: JPM).

Benzinga · Mar 16, 2022

Jabil Clocks 11% Revenue Growth In Q2; Boosts FY22 Outlook

Jabil Inc (NYSE:JBL) reported second-quarter FY22 revenue growth of 10.6% year-on-year to $7.55 billion, beating the consensus of $7.43 billion. Segments: Diversified Manufacturing Services (DMS) revenue grew 4% Y/Y. Electronics Manufacturing Services (EMS) revenue improved 19% Y/Y. Jabil's non-GAAP EPS of $1.68 beat the consensus of $1.47. Jabil held $1.09 billion in cash and…

Benzinga · Mar 16, 2022

Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

Benzinga · Mar 16, 2022