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The Latest Breaking News from NYSE

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

10 Biggest Price Target Changes For Friday

BMO Capital cut Lululemon Athletica Inc. (NASDAQ: LULU) price target from $344 to $304. Lululemon shares fell 0.2% to $302.00 in pre-market trading.

Benzinga

Citi's Fat-Finger Gaffe Could Cost It Over $50M

Citigroup, Inc (NYSE:C) could cough up losses of over $50 million following a London-based worker's fat-finger trade, causing a flash crash in European stocks in May, Reuters reports. Citi is still tallying losses from the erroneous trade, and the final figure could further mount. A trader in the London's Delta One trading…

Benzinga

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Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

Benzinga

18 Stocks Moving in Friday's Pre-Market Session

Gainers The Marygold Companies, Inc. (NYSE: MGLD) rose 38.8% to $2.04 in pre-market trading. Marygold Companies, last month, posted Q1 earnings of $0.02 per share.

Benzinga

Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

Benzinga

Learning Platform Chegg Boosts Stock Buyback

Chegg Inc (NYSE:CHGG) board of directors has authorized the increase of its previously announced $1 billion securities repurchase program, up to an aggregate of $2 billion of common stock and/or convertible notes. In addition to the increased $1 billion repurchase authorization, Chegg has about $65 million remaining from its previous $1 billion buyback…

Benzinga

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Tesla Paid PR Firm To Track Workers On Facebook Amid 2017 Union Push: Report

Tesla Inc (NASDAQ: TSLA) paid a public relations firm to monitor workers in a Facebook Inc (NASDAQ: FB) group and on social media amid a unionization push in 2017-18, CNBC

Benzinga

Burger King Faces Difficulty In Exiting Russian JV: Reuters

Restaurant Brands International Inc (NYSE:QSR) owned Burger King is finding it difficult to close its joint venture in Russia, Reuters reported. The fast-food chain has been having a hard time exiting its partnership and about 800 franchised locations after Russia's invasion of Ukraine. Restaurant Brands intended to dispose of its Burger King joint venture ownership…

Benzinga

Warren Buffett-Backed BYD Continues To Outperform EV Rivals In May

Chinese new energy vehicle maker BYD Co (OTC: BYDDY) said on Thursday that sales of its battery-powered vehicle more than doubled in May despite nearly a two-month COVID-19 lockdown in Shanghai which disrupted supply chains and hit production for many of its rivals.

Benzinga

A Peek Into The Markets: US Stock Futures Down; All Eyes On Jobs Data

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones jumped more than 400 points in the previous session. Investors are awaiting the release of jobs report for May.

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

McDonald's To Deploy Third Party Firm To Evaluate Diversity Initiatives: WSJ

McDonald's Corp (NYSE:MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil…

Benzinga

74 Biggest Movers From Yesterday

Gainers

Benzinga

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Palantir To Help Ukraine's Army Resist Russian Invasion, CEO Meets Zelenskyy

Data analytics company Palantir Technologies, Inc. (NYSE: PLTR) has pledged support to help war-torn Ukraine as it continues to fight the ongoing Russian invasion.

Benzinga

Nio's ES7 To Start Selling In China: What That Means For EV Startup

Nio, Inc.'s (NYSE: NIO) newest SUV, the ES7, could arrive on time despite the supply and logistics challenges in the wake of the COVID-19 disruptions.

Benzinga

GM's Cruise Becomes California's First Driverless Ride Service

General Motors Co’s (NYSE: GM) robotaxi venture Cruise said on Thursday it had secured a commercial permit to charge a fare for driverless rides, much ahead of rivals such as Tesla Inc (NASDAQ:

Benzinga

Why Alibaba, Nio, Other Chinese Stocks Are Not Trading In Hong Kong Today

Shares of Alibaba Group Holdings Ltd (NYSE: BABA), JD.Com Inc (NASDAQ: JD), Baidu Inc (NASDAQ:

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Benzinga

5 Most Charitable Athletes: See Where LeBron James And Serena Williams Rank

According to Forbes, LeBron James joins Michael Jordan as the only two NBA players to make it into billionaire territory, but James did something Jordan didn’t. He got it while still in the league.

Benzinga

Here's How Much $1000 Invested In Sociedad Quimica Y Minera 5 Years Ago Would Be Worth Today

Sociedad Quimica Y Minera (NYSE:SQM) has outperformed the market over the past 5 years by 12.32% on an annualized basis producing an average annual return of 23.73%. Currently, Sociedad Quimica Y Minera has a market capitalization of $29.69 billion.

Benzinga

Petrobras Brasileiro Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Petrobras Brasileiro (NYSE:PBR). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Chipotle Mexican Grill Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Chipotle Mexican Grill. Looking at options history for Chipotle Mexican Grill (NYSE:CMG) we detected 16 strange trades.

Benzinga

What Are Whales Doing With Merck & Co

A whale with a lot of money to spend has taken a noticeably bearish stance on Merck & Co. Looking at options history for Merck & Co (NYSE:MRK) we detected 14 strange trades.

Benzinga

Top News In Fintech And Beyond For June 3, 2022

👉 Top Things To Know In TradeFi:

Benzinga

Asana Q1 Earnings Highlights: Revenue And EPS Beat, Record Q1 Revenue, Guidance And More

Work management company Asana Inc (NYSE: ASAN) reported first-quarter financial results after market close Thursday. Here are the key highlights.

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