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The Latest Breaking News from Nasdaq

Noted Apple, Tesla Analyst Says Market In A Bubble: 'Wish I Had Better News'

The stock market undoubtedly is on the backfoot, with multiple risks clouding the outlook for the near- to medium-term. Analysts are not very optimistic about a reversal anytime soon despite the oversold conditions.

Benzinga

Novavax's 22% Post-Earnings Plunge: 5 Factors That Took Toll

Novavax, Inc. (NASDAQ: NVAX) shares slumped 22.27% after-hours on Monday, reacting to its quarterly financial report.

Benzinga

Elon Musk Assures EU: Plans For Twitter 'Align' With Bloc's New Content Rules

Days after European Union's internal market chief warned of the bloc's strict rules for online platforms to tackle illegal content — Elon Musk said his plans for Twitter Inc. (NYSE: TWTR) are aligned with new EU rules.

Benzinga

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Cathie Wood Loads Up On These 2 Crypto-Linked Stocks On The Dip

Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. &n

Benzinga

30 Stocks Moving in Tuesday's Pre-Market Session

Gainers Vroom, Inc. (NASDAQ: VRM) shares rose 38% to $1.49 in pre-market trading after the company reported better-than-expected Q1 results.

Benzinga

Eisai - Biogen Seek Accelerated Approval For Their Second Alzheimer's Drug

Eisai Co Ltd (OTC:ESALY) has completed the rolling submission of the FDA marketing application under the accelerated approval for lecanemab (BAN2401) for mild cognitive impairment (MCI) due to Alzheimer's disease (AD) and mild AD. Eisai is collaborating with Biogen Inc (NASDAQ:BIIB) for drug development. Eisai has requested a Priority Review, while the lecanemab Phase 3…

Benzinga

This Tesla Rival Looks To Expand Footprint Outside US Amid Demand For EVs

Lucid Group Inc (NASDAQ:LCID) is planning to launch its luxury electric sedans in Europe later in 2022, Reuters reported. The Tesla, Inc.(NASDAQ:TSLA) rival aims to expand its footprint outside the U.S. amid strong global demand for electric vehicles (EVs). The company plans to launch its Lucid Air Dream Edition P and R sedans…

Benzinga

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Why Vroom Shares Are Surging Today

Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped 59.9% Y/Y to $675.4 million, and Ecommerce Unit Sales rose 26% Y/Y. Revenue from Wholesale rose 18.6%, and Texas Direct Auto (TDA) segment increased by 18.2%. The gross profit rose…

Benzinga

'Tight Race But Won't Give Up:' Volkswagen CEO Praises Tesla Again, Says Elon Musk's Pace Surprised Him

Volkswagen Group (OTC; VWAGY) CEO Herbert Diess has reportedly praised rival Tesla Inc (NASDAQ: TSLA) yet again, saying the Elon Musk-led company's speed of expansion took him by surprise.

Benzinga

A Peek Into The Markets: US Stock Futures Higher Ahead Of Fed Speakers

Pre-open movers

Benzinga

Cathie Wood Cuts Twitter Stake By Another $6.4M, Edges Towards Complete Exit

Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc (NYSE: TWTR), just days after Tesla Inc (NASDAQ: TSLA

Benzinga

Earnings Scheduled For May 10, 2022

Companies Reporting Before The Bell • The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.

Benzinga

90 Biggest Movers From Yesterday

Gainers

Benzinga

Tesla April China Sales Hit Rock Bottom, Underperform Industry: What Investors Should Know

Tesla, Inc.'s (NASDAQ: TSLA) China sales plummeted in April, and the magnitude of underperformance would have disappointed even the most pessimistic of forecasts.

Benzinga

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Benzinga

Elon Musk And Mom Get Nostalgic About India Visit And Seeing The Taj Mahal

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Monday recalled his visit to the Taj Mahal more than a decade ago, prompting his mother Maye Musk to share an interesting anecdote about his grandparents visiting India on th

Caixin Global

Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Benzinga

5 Stocks To Watch For May 10, 2022

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

Benzinga

Nio Down 9%, Xpeng Skids 12%: Why Are Hong Kong EV Stocks Crashing Today

Shares of Tesla Inc. (NASDAQ: TSLA) rivals and U.S.-listed Chinese firms Xpeng Inc (NYSE: NIO), Li Auto (NASDAQ: LI), a

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Benzinga

Tesla Said To Halt Shanghai Production Again — This Time Due To Supply Woes

Tesla Inc (NASDAQ: TSLA) halted production at the Giga Shanghai on Monday due to issues with supplies, Reuters

Benzinga

Tesla AI Head Returns To Bay Area Temporarily, Says His Sabbatical Isn't Over

Tesla Inc’s (NASDAQ: TSLA) head of artificial intelligence, Andrej Karpathy, revealed on Monday he has returned to San Francisco temporarily amid a four-month-long sabbatical that CEO Elon Musk had

Benzinga

Former Porn Star Asks Elon Musk To Ban X-Rated Content From Twitter

A former porn star is calling on Elon Musk to prohibit X-rated content from Twitter (NYSE: TWTR) when he takes over the social media platform.

Benzinga

Why Did The Nasdaq Index Fall 5% On Thursday?

The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R

Benzinga

LGBTQ Social Media Platform And Dating App Grindr Lands SPAC Deal: What Investors Should Know

A leading social media platform and dating company with a target demographic announced a SPAC deal after market close Monday.

Benzinga

GoodRx Holdings: Q1 Earnings Insights

GoodRx Holdings (NASDAQ:GDRX) reported its Q1 earnings results on Monday, May 9, 2022 at 04:07 PM. Here's what investors need to know about the announcement. Earnings GoodRx Holdings beat estimated earnings by 25.0%, reporting an EPS of $0.1 versus an estimate of $0.08.

Benzinga

Groupon Q1 Earnings Highlights: Company Revenue Down, CEO Vows To Create Ways To 'Unlock Shareholder Value'

E-commerce marketplace company Groupon Inc (NASDAQ: GRPN) hit new 52-week lows on Monday and is seeing shares trade down after market close. Here’s a look at the company’s first-quarter earnings results.

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