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The Latest Breaking News from Nasdaq

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

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Alibaba And Other Chinese Stocks Go Jittery As China Tightens Rules On Overseas Data Transfer

The Cyberspace Administration of China (CAC) sought public feedback on draft rules governing the transfer of personal data overseas, Reuters reports. Under the draft rules, companies collecting personal data would be responsible for the legality, legitimacy, the need for the data, scope, and security of overseas transfers. The draft also covers methods…

Benzinga

Vodafone, Google Come Together To Extend Smartwatch Battery Life

Vodafone Group Plc (NASDAQ: VOD) collaborated with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google to extend the battery life of

Benzinga

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Move Over Pikachu, Is It Time To Catch LeBron James? Pokemon Go Maker Plans New NBA Game

The gaming company that brought the successful “Pokemon Go” mobile app to life has its sights set on a professional sports league with a similar goal of getting people outside to play.

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Tilray Will Cover Employees' Travel, Accommodation & Paid Time Off For Women Seeking Reproductive Care

Tilray Brands Inc. (NASDAQ: TLRY) is joining other companies that are committing to help their employees travel to other states, following SCOTUS' decision to overturn Roe v.

Benzinga

What Are Whales Doing With Walgreens Boots Alliance

A whale with a lot of money to spend has taken a noticeably bullish stance on Walgreens Boots Alliance. Looking at options history for Walgreens Boots Alliance (NASDAQ:WBA) we detected 10 strange trades.

Benzinga

How Is The Market Feeling About Telefonaktiebolaget L M?

Telefonaktiebolaget L M's (NASDAQ:ERIC) short percent of float has fallen 35.71% since its last report. The company recently reported that it has 5.46 million shares sold short, which is 0.18% of all regular shares that are available for trading.

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Bassett Furniture Industries Q2 Earnings Top Estimates

Bassett Furniture Industries Inc (NASDAQ:BSET) reported second-quarter FY22 sales growth of 17% year-on-year, to $128.71 million, beating the consensus of $117.38 million. Sales from Wholesale rose 15.3% Y/Y, and Retail increased by 21%. Gross margin compressed 70 basis points to 51.2%. Selling, general and administrative expenses rose 9.8% Y/Y to $54.9 million. The…

Benzinga

Dow Drops 250 Points; Rapid Micro Biosystems Shares Spike Higher

U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 250 points on Thursday.

Benzinga

EXCLUSIVE: Has Biotech Bottomed? NYSE Executive Floor Director Says Biogen And These 3 Stocks Look Poised To Outperform

Markets continue to trend lower amid rising inflation and Fed uncertainty, but one New York Stock Exchange floor director says the bottom may be in for a couple of beaten-down sectors.

Benzinga

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Benzinga

Why Is NeuroSense Therapeutics Jumping By 45%? 64 Stocks Moving In Thursday's Mid-Day Session

Gainers Revelation Biosciences, Inc. (NASDAQ: REVB) jumped 171.3% to $1.70 after jumping 27% on Wednesday. Revelation Biosciences recently announced completion of dosing for Phase 1b CLEAR clinical study of REVTx-99b for the treatment of allergic rhinitis.

Benzinga

Here's How Apple Stock Looks Near-Term, Longer-Term As Market Bear Cycle Continues

Apple Inc. (NASDAQ: AAPL) was sliding almost 4% lower at one point on Thursday, in sympathy with the general markets, which saw the S&P 500 falling almost 2%.

Benzinga

Why Indonesia Energy, Houston American Energy And Imperial Petroleum Shares Are Falling Today

Indonesia Energy Corp Ltd (NASDAQ: INDO), Houston American Energy Corporation (NASDAQ: HUSA) and Imperial Petroleum Inc (NASDAQ:

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MeaTech 3D Shares Slide On $6.5M Equity Offering

MeaTech 3D Ltd (NASDAQ:MITC) has entered into a definitive agreement with a single U.S. institutional investor for an offering of 1.9 million ADSs and warrants to purchase the shares at a purchase price of $3.50 per ADS. The warrants to be issued will have a five-year term and become exercisable immediately. The company expects…

Benzinga

Tesla Tracking Employees With In-Person Attendance Required: Here Are The Details

Electric vehicle company Tesla Inc (NASDAQ: TSLA) announced recently it would require remote workers to return to the office for in-person work. It appeared the company is pretty serious with a new report that stated workers were being tracked and then emailed if they hadn’t returned.

Benzinga

Check Out What Whales Are Doing With Zoom Video Comms

A whale with a lot of money to spend has taken a noticeably bearish stance on Zoom Video Comms. Looking at options history for Zoom Video Comms (NASDAQ:ZM) we detected 16 strange trades.

Benzinga

Omega Therapeutics Touts Encouraging Preclinical Data In Liver Cancer Animal Models

Omega Therapeutics Inc (NASDAQ:OMGA) has presented new preclinical data on its lead product candidate, OTX-2002, in multiple models of hepatocellular carcinoma. In non-human primates, treatment with OTX-2002 resulted in a durable reduction of MYC mRNA levels in the liver consistent with previous in vitro and in vivo studies. OTX-2002 treatment decreased c-Myc mRNA,…

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Live Ventures Acquires Industrial Knife Maker Kinetic For $26M

Live Ventures Inc (NASDAQ:LIVE) subsidiary, Precision Marshall, has acquired all of the outstanding stock of The Kinetic Co Inc for about $26 million. Greendale, Wisconsin-based Kinetic was founded by the Masters family in 1948. Kinetic manufactures more than 90 types of knives and numerous associated parts. Kinetic employs approximately 100 non-union employees. The acquisition is…

Benzinga

Why MeaTech 3D Shares Are Falling Today

MeaTech 3D Ltd - ADR (NASDAQ: MITC) shares are trading lower by 8.31% to $3.31 after the company announced a $6.5 million registered direct offering.

Benzinga

What 10 Analyst Ratings Have To Say About Warner Bros.Discovery

Warner Bros.Discovery (NASDAQ:WBD) has observed the following analyst ratings within the last quarter:

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Expert Ratings for SMART Glb Hldgs

SMART Glb Hldgs (NASDAQ:SGH) has observed the following analyst ratings within the last quarter:

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If You Invested $1000 In This Stock 15 Years Ago, You Would Have $3,000 Today

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 15 years by 1.51% on an annualized basis producing an average annual return of 7.64%. Currently, Microchip Technology has a market capitalization of $31.64 billion.

Benzinga

Ominous Death Cross Forms On Mondelez International's Chart

If history is any guide, there may be trouble ahead for shares of Mondelez International (NASDAQ:MDLZ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

Expert Ratings for TaskUs

Analysts have provided the following ratings for TaskUs (NASDAQ:TASK) within the last quarter:

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