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Here's How Morgan Stanley Previews Apple Ahead Of Q2

Morgan Stanley analyst Katy Huberty saw Apple Inc (NASDAQ:AAPL) iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street's consensus March quarter (Q2) revenue forecast. Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too…

Benzinga

UK-Based Start-Up Working On Next COVID-19 Vaccine Using Animal Feces: FT

DIOSynVax, a UK start-up, hopes genetic sequences of viruses discovered in animal feces will give vital clues for creating a vaccine to help prevent future pandemics, reports Financial Times. The Cambridge university spinout is working on two vaccines that it believes will outlive the currently available Covid-19 jabs, including the one…

Benzinga

Russian Ransomware Group Credentials Leaked In Supposed Revenge Act: CNBC

A security researcher saw a prolific Russian ransomware group Conti born in 2020, amass 350 members who collectively made $2.7 billion in cryptocurrency in only two years, CNBC reports. The group's post expressing their siding with Russia led to a leak of details about the size, leadership, business operations, and ransomware…

Benzinga

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Japan-Based Shinogi's COVID-19 Drug Associated With Birth Defects: Bloomberg

Shionogi & Co stock slumped 16% in Tokyo after preclinical studies showed its experimental COVID-19 drug disturbed fetal development, triggering concerns about its approval. Kyodo News reported that the drug likely wouldn’t be recommended for pregnant women without giving attribution. The animal data, which showed harm when given at high doses, was…

Benzinga

Surging Power Prices Trigger Severe Metal Crisis: FT

Inventories of aluminum, copper, nickel, and zinc, four of the main contracts traded on the London Metal Exchange, have plunged by up to 70% over the past year, as record power prices in Europe hit production and the Ukraine war threatened output from Russia, the Financial Times reports. Traders and big…

Benzinga

US Asks All Non-Emergency Government Staff In Shanghai To Leave As COVID Surges: CNBC

The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave following a surge in COVID-19 cases, CNBC reported. "Reconsider travel to the People's Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions," the report quoted the State Department.…

Benzinga

Levi Strauss Shares Gain On Q1 Earnings Beat, Reaffirming FY22 Outlook

Levi Strauss & Co. (NYSE:LEVI) reported first-quarter FY22 revenue growth of 22% year-over-year to $1.6 billion, + 26% on a constant-currency basis, beating the consensus of $1.55 billion. DTC net revenues +35% Y/Y, driven by company-operated stores and e-commerce. Wholesale net revenues +15% Y/Y, and global digital net revenues grew ~16% Y/Y.…

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

Twitter Restricts Russian State Media Accounts, Prisoner Of War Content

Twitter Inc (NYSE:TWTR) will stop amplifying Russian government accounts, asking other government-affiliated media to remove posts featuring prisoners of war, citing international humanitarian law. Twitter would add warnings to state-backed accounts’ posts about prisoners when they have a “compelling public interest,” quoting Article 13 of the Geneva Convention III. Also Read: Twitter Admits It Removed…

Benzinga

Former DeepMind Officials Get Together To Develop AI For Stock and Crypto Picking

Martin Schmid, Rudolf Kadlec, and Matej Moravcik left Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)-owned DeepMind in January to set up EquiLibre Technologies, CNBC reports. The trio seek to develop artificial intelligence for stock and crypto picking. They look to use reinforcement learning to train an AI system to buy and sell shares and make a…

Benzinga

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

Benzinga

Read About Apple's Latest Subscription Offering As It Looks To Reduce Dependence On Devices

Apple Inc (NASDAQ:AAPL) launched Apple Business Essentials, a new program for businesses to set up, manage and install software on workers' iPhones, iPads, and Macs. The product is aimed at smaller customers, primarily those without dedicated IT departments. It comes at a monthly price of $2.99 to $24.99 per worker. The product enables…

Benzinga

S&P 500 Sector Re-shuffling Likely To End Tech Dominance

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry. Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

Benzinga

One In Five Adults Has Invested In, Traded Or Used Cryptocurrency: CNBC

As per a new NBC News poll, one in five Americans has invested in, traded, or used cryptocurrency. Another sign that digital assets continue to get more popular even as lawmakers warn of market risks and work to regulate the industry, reported CNBC. According to the poll, half of the men…

Benzinga

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Benzinga

Sky Mavis' Ronin Bridge Attack Has VC's Rethinking On Crypto Investment Path: Bloomberg

A security breach that allowed hackers to swindle 173,600 Ether and 25.5 million USDC tokens in a $600 million hack of play-to-earn game Axie Infinity is making investors cautious about cryptocurrency, Bloomberg reported, citing Animoca Brands co-founder Yat Siu. The incident could alter the attitude and responsibilities of venture capitalists investing in crypto. Animoca is…

Benzinga

Automakers Come In Support Of EPA's Stricter Tailpipe Standards: WSJ

Automakers, stating in court papers, will back environmental regulators in defending the higher standards, thus backing the Biden administration's stricter air pollution standards for passenger cars, writes the Wall Street Journal. The Alliance for Automotive Innovation, a lobbying group for automakers and suppliers, petitioned the U.S. Court of Appeals in Washington,…

Benzinga

Why BioNTech Shares Are Surging Today

BioNTech SE (NASDAQ:BNTX) reported Q4 FY21 revenues of €5.53 billion compared to €345.4 million a year ago, mainly due to high demand for the company's COVID-19 vaccine. BioNTech and its partner Pfizer Inc (NYSE:PFE) delivered approximately 2.6 billion doses of Comirnaty/BNT162b2 worldwide in 2021, including over 1 billion doses to low- and middle-income countries. As…

Benzinga

Sanctions On Russia After Ukraine Invasion, Are Likely To Lead To Higher Prices: CNBC

According to an energy expert, consumers will have to be ready for higher prices as Russia continues its war in Ukraine and disruptions to the global energy market persist, writes CNBC. Washington and its allies have imposed sanctions on Russia, including energy exports, which could lead to inflation. “What is the…

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Benzinga

US Goods Risk Delay As China's Lockdowns Heightens Shipping Port Jams: Bloomberg

The key Chinese ports of Shenzhen and Hong Kong face congestion, which rose to the highest level in five months due to COVID-19 lockdowns. It could pose possible delays to goods heading to the U.S. this summer, reported Bloomberg. Ryan Closser, a director at FourKites, states, “Shenzhen is the second-busiest port…

Benzinga

More Trouble Looms For Evergrande As Angry Debtors Prepare To Take Legal Action: FT

A group of distressed debt investors in the U.S. and U.K. are prepared to take action against Evergrande Group (OTC:EVGPY), the Financial Times reports. The investors included Saba Capital, Redwood Capital Management, and Ashmore. The action came after the indebted property developer admitted that undisclosed lenders took $2.1 billion in cash from its…

Benzinga

US, UK Announce Trade Accord To Remove Tariffs On British Steel, American Whiskey: WSJ

The U.S. and U.K. have announced a trade deal to remove tariffs on British steel & aluminum and American whiskey, motorcycles, and tobacco, the Wall Street Journal reported. Biden administration officials said the agreement would allow the U.K to ship “historically-based sustainable volumes” of steel and aluminum products to the U.S. without…

Benzinga

US DOJ Accuses Google Of Misusing Legal Privilege To Hide Sensitive Emails: WSJ

The U.S. Justice Department alleged Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google improperly invoked the legal privilege to shield sensitive internal communications for years, the Wall Street Journal reports from U.S. district court filing. The DOJ wanted Google to turn over internal emails that it had withheld or censored in the antitrust case filed against it by state…

Benzinga

WHO Conditionally Recommends Merck's COVID-19 Antiviral Pill For High-Risk Patients

A World Health Organization (WHO) panel has backed the use of Merck & Co Inc's (NYSE:MRK) COVID-19 antiviral pill for high-risk patients. The expert panel conditionally recommended molnupiravir for patients with non-severe disease at high risk of hospitalization, such as the immunocompromised, the unvaccinated, older people, and those with chronic conditions. The recommendation was…

Benzinga

Google Faces Scrutiny From French, Russian Regulators: All You Need To Know

France's watchdog CNIL alleged Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Analytics of giving U.S. intelligence services access to French website users' data, Reuters reports. The regulator alleged the U.S. tech giant lacking sufficient measures to guarantee data privacy rights under European Union regulation when transferring data between Europe and the U.S. The French website…

TechRadar

How shared hosting can kill your online business

Sharing server resources with other users can lead to performance issues which may drive away customers.

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