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The Latest Breaking News from Nasdaq

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

Here's Why Nikola Shares Are Trading Lower Premarket

Here's Why Nikola Shares Are Trading Lower Premarket

EV maker Nikola Corp (NASDAQ:NKLA) founder and former Chair Trevor Milton voted against a proposal to raise capital by issuing new shares, Bloomberg reports. The veto led to the adjourning of the annual shareholder meeting to June 30 to request more proxies in favor of the proposal. Milton is Nikola's single largest shareholder, with the…

Insiders Buy Around $10M Of 3 Stocks

Insiders Buy Around $10M Of 3 Stocks

Although the Dow Jones jumped more than 400 points on Thursday, there were a few notable insider trades.

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Panasonic Disclosed Finalizing US Site For Tesla's New Battery Plant

Panasonic Holdings Corp (OTC:PCRFY) was finalizing its decision regarding the U.S. site for its new battery plant, Reuters reports citing Panasonic Energy CEO Kazuo Tadanobu at a round table event. The Tesla, Inc (NASDAQ:TSLA) battery maker explored potential factory sites in Kansas and Oklahoma to supply the batteries to the U.S. EV maker's Texas plant. Recently Tadanobu disclosed…

Elon Musk's Return-To-Office Ultimatum Meets Resistance In Germany

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s recent notice to employees that remote working is no longer acceptable and asking them to return to the office full-time or quit has met resistance from Germany’s largest trade union on Thursday, Reuters

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.

Aurora Cannabis Repurchases $20M Of Convertible Notes

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX:ACB), has repurchased an aggregate of approximately CA$25.3 million ($20 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of CA$24.3 million ($19.2 million) in cash.

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Is Apple's iPad About To Morph More Into A Computer Than An Oversized iPhone?

Is Apple's iPad About To Morph More Into A Computer Than An Oversized iPhone?

Apple Inc’s (NASDAQ: AAPL) iPad tablet is likely to morph into more of a computer and less of a phone, according to an avid watcher of the Cupertino, California-based tech giant.

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

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…

18 Stocks Moving in Friday's Pre-Market Session

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.

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

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…

Facebook Sister App Messenger Refines Calling Feature

Facebook Sister App Messenger Refines Calling Feature

Meta Platforms, Inc. (NASDAQ: FB) has brought in a user-friendly feature to its Messenger app for iOS and Android users.

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

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

Apple Blinks, Rejigs Retail Worker Schedules Amid Unionization Drive

Apple Blinks, Rejigs Retail Worker Schedules Amid Unionization Drive

Apple Inc (NASDAQ: AAPL) is reportedly rejigging its retail work schedules to incorporate more flexibility as it faces attempts at unionization.

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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.

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.

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…

Apple In 'Winner's Circle' For NFL Sunday Ticket Rights Versus Amazon, Says Analyst

Apple Inc (NASDAQ: AAPL) analyst Dan Ives said the tech giant snagging the NFL Sunday Ticket Package could be a landmark deal.

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74 Biggest Movers From Yesterday

Elon Musk Wants To Slash 10% Tesla Jobs, Freeze Hiring Worldwide Due To 'Super Bad Feeling:' Report

After sternly asking employees to come back to the office and ditch remote work, Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly warned of job cuts at the electric vehicle company.

5 Stocks To Watch For June 3, 2022

Some of the stocks that may grab investor focus today are:

Coinbase to rescind job offers amid bearish crypto market

Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) plans to extend its hiring freeze and rescind a number of accepted job offers.

Jack Dorsey's Block Mitigates Risk From iPhone's Tap-To-Pay By Joining Forces With Apple

Block Inc (NASDAQ: SQ) will soon enable Apple Inc's (NASDAQ: AAPL) contactless payment acceptance feature, 'tap-to-pay' on the iPhone, within <

Amazon Set To Split 20:1 - What Does A Close Historical Comparison Say Will Happen Next?

(NASDAQ: AMZN) is ready to split their shares on June 3rd, 2022.

Why Elon Musk Is Pushing Back Tesla AI Day To September

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has pushed back the date for the company's second AI Day event by over a month to accommodate the likely working prototype of a human bot he had revealed last year.

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