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The Latest Breaking News from NYSE

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Benzinga

Sony Goes Aggressive On Gaming Pursuit - Read How

Sony Group Corp's (NYSE:SONY) PlayStation division looks to acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said, Bloomberg, reports. Sony is yet to expand PlayStation Studios inorganically and will look to keep forging deals, Jim Ryan said. Sony spent nearly half its PlayStation…

Benzinga

Venture Global 'Secretly' Started Constructing $13B LNG Plant On US Gulf Coast

The Financial Times reported that Venture Global LNG would build one of the largest new liquefied natural gas export plants in the U.S. on the Louisiana coast.

Benzinga

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Two Major Tech Deals Come Under UK Government Scrutiny

The U.K. will review Altice USA Inc's (NYSE:ATUS) increased stake in BT Group plc (OTC:BTGOF) after Business Secretary Kwasi Kwarteng exercised new takeover powers focusing on national security, reports CNBC. The company announced that the U.K. Business Secretary Kwasi Kwarteng is "calling in" its deal with Altice, which telecom magnate Patrick Drahi owns. BT Group said it…

Benzinga

Why Macy's Shares Are Surging Today

Macy’s Inc (NYSE:M) reported first-quarter FY22 sales growth of 13.6% year-on-year to $5.35 billion, beating the consensus of $5.33 billion. Comparable sales increased 12.8% on an owned basis and up 12.4% on an owned plus licensed basis versus Q1 2021. Digital sales climbed 2% versus Q1 FY21 and 34% versus Q1 FY19. The…

Benzinga

Build-A-Bear Workshop: Q1 Earnings Insights

Build-A-Bear Workshop (NYSE:BBW) reported its Q1 earnings results on Thursday, May 26, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

MINISO Group Holding: Q3 Earnings Insights

MINISO Group Holding (NYSE:MNSO) reported its Q3 earnings results on Thursday, May 26, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

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Cathie Wood's Ark Invest Adds Tesla Stock For Third Time This Week

Cathie Wood-led Ark Invest added more Tesla Inc (NASDAQ: TSLA) stock to its portfolio on Wednesday, raising its exposure to the electric vehicle maker for the third time in a row this week.

Benzinga

20 Stocks Moving in Thursday's Pre-Market Session

Gainers TC Biopharm (Holdings) Plc (NASDAQ: TCBP) shares rose 51.2% to $0.9603 in pre-market trading after dipping 18% on Wednesday.

Benzinga

Twitter To Settle Complaint Alleging It Used User Phone Numbers To Target Ads For $150M

Twitter Inc (NYSE: TWTR) will pay $150 million in civil penalties after the social media platform settled a complaint that alleged that the company used its members’ email addresses and phone numbers to target them with advertisements.

Benzinga

A Peek Into The Markets: US Stock Futures Edge Lower Ahead Of GDP, Jobless Claims Data

Pre-open movers

Benzinga

88 Biggest Movers From Yesterday

Gainers The Very Good Food Company Inc. (NASDAQ: VGFC) shares jumped 118.2% to close at $0.2950 on Wednesday as the company announced it increased retail distribution across Canada with Loblaw Companies.

Benzinga

5 Stocks To Watch For May 26, 2022

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

Benzinga

Xpeng CEO Uses Psyduck Pokemon to Vent Frustration Over Chip Shortage

U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) on Thursday used a Psyduck Pokemon toy as a prop to express his frustration over the ongoing chip shortages, CnEVpost

Benzinga

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Benzinga

GameStop Is Dishing Out Big Discounts During This Special Playstation Event

GameStop Corp (NYSE: GME) is dishing out some major discounts for Sony Group Corp’s (NYSE: SONY) PlayStation “Days of Play” event.

Benzinga

Why Nio Is Betting On This Honeywell Product To Fight Global Warming

Nio Inc (NYSE: NIO) will use Honeywell International Inc’s (NASDAQ: HON) refrigerant with ultra-low global warming potential for its recently launched ET7 sedan, CnEVpo

Benzinga

Cathie Wood Adds Another $3.6M In These 2 Crypto-Linked Stocks

Cathie Wood-led Ark Investment Management scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE:

Benzinga

Benzinga Asks: Will Moviegoers Flock To Theaters To See Tom Cruise In 'Top Gun: Maverick'?

One of the most anticipated movies for 2022 will be released this week with the sequel “Top Gun: Maverick” hitting theaters.

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Benzinga

12 Information Technology Stocks Moving In Wednesday's After-Market Session

Gainers Quanergy Systems (NYSE:QNGY) shares moved upwards by 6.2% to $0.85 during Wednesday's after-market session. The market value of their outstanding shares is at $78.8 million.

Benzinga

5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News

A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. The move would follow up a busy 2021, which saw several large transactions in the space. Here’s a look at how merger and acquisition activity could shape up in the restaurant sector.

Benzinga

Twitter Shares React After Elon Musk Ups His Commitment To Buy Company

Shares of Twitter Inc (NYSE: TWTR) are trading higher after-hours Wednesday after a SEC filing shows that Elon Musk is upping his commitment to b

Benzinga

Williams-Sonoma Shares Soar On Q1 Beat, Reiterates FY22 And Long Term Guidance

Williams-Sonoma, Inc (NYSE: WSM) reported first-quarter r

Benzinga

6 Stocks Halted In Wednesday's Session: Here's Why

A circuit breaker is an automatic, temporary trading halt on certain securities when the underlying stock is experiencing times of high volatility. It is a measure put in place to help restore and bring order to the markets.

Benzinga

Why Snowflake Shares Are Falling After Hours

Snowflake Inc (NYSE: SNOW) shares are falling in Wednesday's after-hours session after the company reported

Benzinga

Teva, Allergan Settle Opioid Lawsuit With West Virginia

U.S. affiliate of Teva Pharmaceutical Industries Ltd (NYSE: TEVA) has reached an agreement with the Attorney General of West Virginia that settles the state's opioid-related claims.

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