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The Latest Breaking News from Nasdaq

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…

Microsoft Is Driving Wejo Stock Higher Today: Here's Why

Microsoft Is Driving Wejo Stock Higher Today: Here's Why

Wejo Group Ltd (NASDAQ: WEJO) shares are trading higher Thursday after the company announced the expansion and extension of its relationship with Microsoft Maps.

FuelCell Energy Shares Slide Post Q2 Miss

FuelCell Energy Shares Slide Post Q2 Miss

FuelCell Energy Inc (NASDAQ:FCEL) reported second-quarter FY22 revenue growth of 17% year-over-year to $16.4 million, missing the consensus of $32.58 million. Revenues from Service agreements increased 300% Y/Y to $2.6 million, Generation increased 46% Y/Y to $9.1 million, and Advanced Technologies contracts decreased 34% Y/Y to $4.7 million. Gross loss was $(7.3)…

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Why Cathie Wood's Ark Invest Expects This COVID Stock Play To Appreciate 1,200% By 2026

COVID-19 play Zoom Video Communications, Inc. (NASDAQ: ZM) is down about 40% year-to-date, reflecting a general negative sentiment toward tech stocks.

Cathie Wood Wants 'Renaissance Man' Elon Musk to Focus On This

Money manager Cathie Wood is continuing to be an ardent backer of Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk.

Why FuelCell Energy Stock Is Falling

FuelCell Energy Inc (NASDAQ: FCEL) shares are trading lower Thursday after the company reported worse-than-expected financial results.

Aurora Mobile Clocks 11% Top-Line Growth In Q1

Aurora Mobile Limited (NASDAQ:JG) reported first-quarter FY22 revenue growth of 11% year-on-year to $13.5 million, missing the consensus of $14.6 million. Segments: Revenues from Developer Services reached $9.4 million, up 14% Y/Y, Subscription Services were $5.4 million, up 2% Y/Y, and Value-added-services within Developer Services grew by 35% Y/Y to $4 million. Also…

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

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

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Why Bilibili Shares Are Plunging Today

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

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

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…

EXCLUSIVE: SciSparc' Board To Review Potential Strategic Transactions

EXCLUSIVE: SciSparc' Board To Review Potential Strategic Transactions

SciSparc Ltd. (NASDAQ: SPRC), a specialty clinical-stage pharmaceutical company focused on the endocannabinoid system, plans to review potential strategic transactions.

3 Reasons Why This Analyst Thinks A Netflix-Roku Deal Will Not Materialize

3 Reasons Why This Analyst Thinks A Netflix-Roku Deal Will Not Materialize

Streaming equipment maker Roku, Inc. (NASDAQ: ROKU) rallied on Wednesday following a report that said the company is in talks to be acquired by Netflix, Inc.

EXCLUSIVE: Wejo, Microsoft Consolidate Their Partnership Further

EXCLUSIVE: Wejo, Microsoft Consolidate Their Partnership Further

Wejo Group Ltd (NASDAQ: WEJO) expanded and extended collaboration with Microsoft Corp (NASDAQ: MSFT) Microsoft Maps.

3 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

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Qualcomm Readying Chip to Take On Apple's Newly-Unveiled M2 Processor, Says Analyst

Wireless telecom chipmaker Qualcomm, Inc. (NASDAQ: QCOM) is gearing up to take on Apple, Inc. (NASDAQ: APPL) with an improved chip.

Tesla's Biggest Supplier Of Camera Modules Is No Longer LG But This South Korean Rival

South Korea’s Samsung Group subsidiary has secured a large order to supply camera modules to Tesla Inc (NASDAQ: TSLA) for its electric vehicles, Tesmanian

Facebook Parent Meta Pauses Dual Camera Smartwatch Project

Facebook owner Meta Platforms Inc's (NASDAQ:FB) Reality Labs division has suspended its work on the smartwatch codenamed 'Milan' after two years to focus on other wrist-worn devices, Bloomberg reports. The smartwatch, which was a part of its metaverse ambitions, was likely to include activity tracking, music playback, and messaging. A prototype of the device…

EXCLUSIVE: Silo Wellness Announces New CEO And Issues Shareholder Letter

Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FRA: 3K70), a leading global psychedelics company, announced on Thursday that its founder and chairman of the board of directors Mike Arnold is assuming the role of interim CEO.

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If You Invested $1000 in Amazon When Jeff Bezos Quit As CEO, Here's How Much You Would Have Now

Amazon.com, Inc (NASDAQ: AMZN) founder Jeff Bezos was the CEO of the e-commerce giant for 27 years. The company was launched from Bezos’ garage in Bellevue, Washington on July 5, 1994, as an online book store.

Tesla Blocked By California Judge From Challenging Race-Bias Lawsuit

Tesla Inc (NASDAQ: TSLA) cannot halt The California Department of Fair Employment and Housing’s (DFEH) lawsuit alleging widespread race discrimination at an assembly plant, Reuters

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.

Australia Sues Airbnb With Allegations Of Duping Customers Into Paying More

Amid the widening scrutiny against global technology platforms, the Australian antitrust watchdog has filed a lawsuit against Airbnb Inc (NASDAQ: ABNB), accusing it of misleading users into paying more.

Why Apple's Lightning Port Could Fizzle Out Sooner Than You Think

The days of Apple Inc's (NASDAQ: AAPL) iPhones sporting the lightning port could be numbered.

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.

How Tesla Equipment Helps This Nevada Man Mine Bitcoin

A Nevada-based independent Bitcoin (CRYPTO: BTC) miner has been mining blocks from his home using Tesla Inc (NASDAQ: TSLA) solar panels and its Powerwall.

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