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The Latest Breaking News from Nasdaq

Jeff Bezos Increases His Bet On The Single-Family Housing Market

The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round.

Benzinga

Why Shoe Carnival Shares Are Trading Lower Today

Shoe Carnival Inc (NASDAQ:SCVL) reported a first-quarter FY22 sales decline of 3.3% year-on-year to $317.53 million, beating the consensus of $314.05 million. Net sales increased 25.1% from pre-pandemic 1Q19, driven by the new customer acquisition. EPS of $0.95 beat the consensus of $0.86. Gross profit fell 13.3% Y/Y to $112.9 million, with the…

Benzinga

What 6 Analyst Ratings Have To Say About Old Dominion Freight Line

Old Dominion Freight Line (NASDAQ:ODFL) has observed the following analyst ratings within the last quarter:

Benzinga

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What 4 Analyst Ratings Have To Say About Amplitude

Analysts have provided the following ratings for Amplitude (NASDAQ:AMPL) within the last quarter:

Benzinga

Expert Ratings for Monster Beverage

Analysts have provided the following ratings for Monster Beverage (NASDAQ:MNST) within the last quarter:

Benzinga

16 Analysts Have This to Say About Adobe

Adobe (NASDAQ:ADBE) has observed the following analyst ratings within the last quarter:

Benzinga

This Day In Market History: Facebook Goes Public

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 18, 2012, Facebook, Inc. (NASDAQ: FB) held its highly anticipated IPO.

Benzinga

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Why Elon Musk Isn't Bothered About Tesla's Junk Credit Rating

Tesla, Inc.'s (NASDAQ: TSLA) credit rating is below investment grade, which, in other words, is referred to as junk or non-investible.

Benzinga

AirPods Ruptured Child's Eardrums, Lawsuit Filed Against Apple Alleges

Apple, Inc. (NASDAQ: AAPL) is facing a lawsuit over an unintended consequence of its AirPods.

Benzinga

Executives Buy Around $9M Of 4 Penny Stocks

The Nasdaq Composite index jumped by more than 300 points on Tuesday. 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…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

Analog Devices Registers 79% Revenue Growth In Q2 Backed By Robust Growth In End Markets

Analog Devices, Inc (NASDAQ:ADI) reported second-quarter FY22 revenue growth of 79% year-on-year to $2.97 billion, beating the consensus of $2.84 billion. Adjusted EPS of $2.40 beat the consensus of $2.11. End Markets: Analog Devices' Industrial revenue grew 54% Y/Y to $1.5 billion. Automotive revenue increased 145% Y/Y to $633.9 million. Communications revenue rose 70%…

Benzinga

Zoom Video And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher, gaining around 1.5% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

CNBC's Final Trades: NextEra Energy, Physicians Realty Trust, Apple And Wynn Resorts

On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said NextEra Energy Inc (NYSE: NEE) is a best-in-class utility. The stock is down 23% year to date, Link mentioned.

Benzinga

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Benzinga

EXCLUSIVE: Genius Brands Signs 20-Year Deal With Marvel Studios For Stan Lee License

Genius Brands (NASDAQ: GNUS) has signed a 20-year deal with Marvel Studios that will see the Walt Disney Co NYSE: DIS)-owned brand license the Stan Lee name and likeness from Stan Lee Universe LLC<

Benzinga

How Does Grupo Somar Acquisition Reaffirms Procaps' Strategy To Strengthen Footprint In LatAm

Integrated LatAm healthcare and pharmaceutical company Procaps Group (NASDAQ:PROC) has agreed to acquire Grupo Somar (including Grupo Farmacéutico Somar, Química y Farmacia, Gelcaps, and related entities) from Advent International, private equity. Deal terms were not disclosed. Grupo Somar is focused on developing, manufacturing, and marketing branded generic, private label, and OTC products targeted to…

Benzinga

Adverum's Data at ASGCT Further Supports Phase 2 Development Plans For Wet-AMD Gene Therapy

Adverum Biotechnologies Inc (NASDAQ:ADVM) has shared new data from the ADVM-022 development program in wet age-related macular degeneration (wet AMD). The data were presented at the American Society of Gene and Cell Therapy (ASGCT) 2022 Annual Meeting. It exhibited results of the non-human primate (NHP) studies that provide support for the new 6…

Benzinga

Don't Expect High Airfares To Go Soon, Frontier Airlines' CEO Believes

According to Barry Biffle, CEO of Frontier Group Holdings Inc. (NASDAQ: ULCC), airfares could remain high for the foreseeable future because the forces driving up pricing aren't going away.

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Benzinga

Moderna's Chairman Defends Executive Hiring Process After Firing New CFO In Just One Day

Moderna Inc’s (NASDAQ: MRNA) chairman comes forward with a determined defense of the board’s executive hiring process after being forced to fire its new chief financial officer just a day after taking charge.

Benzinga

Tesla A 'Cornerstone Holding' — But Usually-Bullish Analyst Cuts Price Target Again Anyway

Tesla, Inc. (NASDAQ: TSLA) shares have not been spared in the marketwide selloff seen so far this year. In a further blow, an analyst known for being bullish on the EV maker lowered his price target on its stock.

Benzinga

Recap: Analog Devices Q2 Earnings

Analog Devices (NASDAQ:ADI) reported its Q2 earnings results on Wednesday, May 18, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

Baidu's Chip Affiliate Explores Second Funding Round, Wants To Capitalize On Growing Appetite From Venture Capitalists

Baidu, Inc (NASDAQ:BIDU) chip affiliate Kunlun discussed raising 2 billion yuan ($317 million) in its second funding round, Bloomberg reports. Kunlun has deployed its AI chips to power Baidu's core searching services, and the new financing will help it further expand its client base beyond its parent in a market dominated by Nvidia Corp (NASDAQ:NVDA). Demand…

Benzinga

Microsoft Makes Amends Post European Commission's Antitrust Complaints

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices. The commission…

Benzinga

DouYu Registers 17% Revenue Decline In Q1 Amid China's Live Streaming Crackdown

DouYu International Holdings Limited (NASDAQ:DOYU) reported a first-quarter FY22 revenue decline of 16.6% to $283.3 million year-on-year, beating the consensus of $253.2 million. HUYA Inc (NYSE:HUYA) revenue missed the Q1 consensus amid China's live streaming crackdown and COVID resurgence. Segments: DouYu's Livestreaming revenues decreased by 13.6% Y/Y to $272.5 million due to prudent operating strategies in anticipation…

Benzinga

Read How Lulu's Fashion Lounge Fared In Q1

Lulu’s Fashion Lounge Holdings Inc (NASDAQ:LVLU) reported first-quarter FY22 sales growth of 62% year-on-year, to $111.90 million, beating the consensus of $98.78 million. The gross profit increased 70% Y/Y to $52.9 million, and the margin expanded 220 basis points to 47.3%. The operating margin was 2.9%, and operating income for the quarter rose…

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