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The Latest Breaking News from NYSE

Crestron's Products To Adopt Valens Semiconductor's Stello Chipsets

High-speed connectivity solutions provider Valens Semiconductor Ltd (NYSE:VLN) announced a full suite of over 24 Professional Audio-Video (ProAV) products from Crestron Electronics powered by the Valens Stello family. Crestron Electronics is the global leader in workplace and smart home technology. These products support a new era of technological innovation for Audio-Video. Crestron has already…

Benzinga

Signet Jewelers Q1 Earnings Beat Street View; Reaffirms FY23 Outlook

Signet Jewelers Ltd (NYSE:SIG) reported first-quarter FY23 sales growth of 8.9% year-on-year to $1.84 billion, beating the consensus of $1.80 billion. Same store sales increased 2.5% versus last year. North America segment raked in the major chunk of sales, amounting to $1.7 billion, a 5.4% increase Y/Y. Same-store sales for the segment decreased…

Benzinga

Intel Goes On Austerity Drive To Take On Rivals Like TSMC

Intel Corp (NASDAQ: INTC) has paused hiring in the PC desktop and laptop chips division as part of cost-cutting measures, Reuters reports. In its most recent quarter, Intel's client computing group raked $9.3 billion of its $18.4 billion in revenue. Intel could resume some hires within two weeks after the division re-evaluates priorities to…

Benzinga

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Jim Cramer Says This Energy Stock Is Too Expensive

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he still likes NRG Energy, Inc. (NYSE: NRG) and recommended buying the stock.

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Why Nio Stock Is Sliding Today

NIO Inc (NYSE: NIO) shares are trading lower Thursday after the company reported financial results and issued guidance below analyst estimates.

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Alibaba Rallies, Khouw Says Options Trades Are Betting Run Is 'Far From Over'

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Alibaba Group Holding (NYSE: BABA) traded more than five times its average daily volume on Wednesday

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

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CNBC's Final Trades: Marathon Petroleum, HealthEquity, Cash And This Fast Food Major

On CNBC’s “Halftime Report Final Trades,” Joseph Terranova of Virtus Investment Partners said that Marathon Petroleum Corp (NYSE: MPC) is “the way to

Benzinga

Elon Musk's Twitter Funding Partially Linked To A Russian Billionaire: Report

Elon Musk has blown hot and cold with his intention to take social media platform Twitter, Inc. (NYSE: TWTR) private. This has set in motion discussions regarding his intent and the sources of funding.

Benzinga

Vince Holding: Q1 Earnings Insights

Vince Holding (NYSE:VNCE) reported its Q1 earnings results on Thursday, June 9, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

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Hillenbrand And 2 Other Stocks Insiders Are Buying

Although US stocks traded lower by around 270 points on Wednesday, there were a few notable insider trades.

Benzinga

India's Apollo Global, Reliance Make a Binding Offer For UK's Boots: Bloomberg

Apollo Global Management Inc. (NYSE:APO) and Ambani's Reliance Industries Ltd. led consortium have made a binding offer for Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) international arm, reported Bloomberg, citing people familiar with the matter. The source stated that the proposal values Boots at more than £5 billion ($6.3 billion). Walgreens is seeking a valuation of around £7…

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US Schedules Covid-19 Vaccines For Children Below Five Years

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

Benzinga

Nio's Q1 Revenue Tops Estimates, Forward Guidance Disappoints: What EV Investors Need To Know

Chinese electric vehicle startup Nio, Inc. (NYSE: NIO) reported first-quarter revenues Thursday that exceeded expectations, while its bottom-line reflected cost pressures.

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Palantir Plans To Bid For £360M UK NHS Contract: FT

Palantir Technologies Inc (NYSE:PLTR) is planning to expand its role in the U.K.’s National Health Service (NHS), Financial Times reported. The firm has supported NHS with its analytics software in the administration of ventilators and PPE tools. Now, the company is planning to bid on a £360 million contract for the proposed Federated…

Benzinga

Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

Benzinga

10 Biggest Price Target Changes For Thursday

Barclays cut McDonald's Corporation (NYSE: MCD) price target from $300 to $289. McDonald's shares rose 0.1% to $245.92 in pre-market trading.

Benzinga

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

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Pfizer And 3 Other Stocks Insiders Are Selling

US stock futures traded mixed this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Blackstone Inc (NYSE:BX), the investment management company, is likely to take the reigns of Australia’s Crown resorts after the country’s regulators approve the bid, Reuters reported. Crown resorts have been mired in allegations of money laundering, making its investors nervous and eager for an overhaul or ownership transition. The COVID-19 pandemic and…

Benzinga

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

E-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) and on-demand service platform operator Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust fines,

Benzinga

Skillsoft Clocks 5% Decline In Q1 Bookings; Eyes Bottom-End Of FY23 Bookings, Revenue Outlook

Skillsoft Corp (NYSE:SKIL) reported first-quarter FY23 GAAP revenue growth of 78.7% year-on-year to $163.91 million. Adjusted revenue grew 1% to $170.3 million. Total bookings in the quarter declined 5% Y/Y to $125.5 million. Skillsoft Content segment bookings growth was 22%. The operating expenses for the quarter increased 72.8% Y/Y to $206.3 million. The…

Benzinga

18 Stocks Moving in Thursday's Pre-Market Session

Gainers View, Inc. (NASDAQ: VIEW) rose 18.5% to $2.05 in pre-market trading after declining 5% on Wednesday.

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Tommy Bahama & Lilly Pulitzer Owner Posts Solid Q1 Earnings; Lifts FY22 Outlook

Oxford Industries Inc (NYSE:OXM) reported first-quarter FY22 sales growth of 33% year-on-year to $352.6 million, beating the consensus of $329.02 million. Net sales from Tommy Bahama increased 46% Y/Y, Lilly Pulitzer rose 25%, and Emerging Brands gained 42%. Full price e-commerce sales grew 20% compared to Q1 FY21. Restaurant sales climbed 23%, and…

Benzinga

83 Biggest Movers From Yesterday

Gainers Symbotic Inc. (NASDAQ: SYM) shares surged 120.6% to settle at $20.07 on Wednesday. Symbotic reported the completion of its business combination with SVF Investment Corp. to become a publicly traded company.

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