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The Latest Breaking News from Nasdaq

Living in TikTok's Shadow, Kuaishou Bleeds Red Ink and Cash

Key Takeaways: Kuaishou’s adjusted net loss narrowed in the first quarter, but its ad revenue came under pressure during China’s latest Covid containment measures

Short Volatility Alert: Morphic Holding, Inc.

Short Volatility Alert: Morphic Holding, Inc.

On Thursday, shares of Morphic Holding, Inc. (NASDAQ: MORF) experienced volatile short activity. After the activity, the stock price went up +4.69% to $22.53. The overall sentiment for MORF has been Bearish.

Short Volatility Alert: Benessere Capital Acquisition Corp.

Short Volatility Alert: Benessere Capital Acquisition Corp.

On Thursday, shares of Benessere Capital Acquisition Corp. (NASDAQ: BENE) experienced volatile short activity. After the activity, the stock price went up +0.00% to $10.29. The overall sentiment for BENE has been Bullish.

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PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

Why Hibbett Shares Are Sliding Today

Hibbett Inc (NASDAQ:HIBB) reported a first-quarter FY22 revenue decline of 16.3% year-over-year to $424.1 million, missing the consensus of $427.66 million. Comparable sales decreased 18.9% versus the prior year but increased by 22.9% in relation to the 1Q20. Brick and mortar comparable sales declined 22.0%, while e-commerce sales increased 4.1% The gross…

Insiders Buying Coinbase And 2 Other Stocks

Although the Dow Jones jumped by more than 500 points on Thursday, there were a few notable insider trades.

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Tesla Said To Face NHTSA Inquiry Over Brand-New Model Y Catching Fire In Canada

Tesla, Inc. (NASDAQ: TSLA) has continued to be under the scanner of the U.S.

Why Pinduoduo Shares Are Gaining Today

Pinduoduo Inc (NASDAQ:PDD) reported first-quarter FY22 revenue growth of 7% year-on-year to $3.75 billion, beating the consensus of $3.05 billion. Average monthly active users rose 4% Y/Y to 751.3 million. Active buyers in the twelve months ended March 31, 2022, increased 7% Y/Y to 881.9 million. Revenues from online marketing services and others rose…

Morning Brief: Top Financial Stories Dominating on Friday, May 27

Morning Brief: Top Financial Stories Dominating on Friday, May 27

Executives Sell More Than $30M Of 5 Stocks

Executives Sell More Than $30M Of 5 Stocks

US gold futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

10 Biggest Price Target Changes For Friday

10 Biggest Price Target Changes For Friday

Keybanc boosted Broadcom Inc. (NASDAQ: AVGO) price target from $720 to $780. Broadcom shares rose 0.1% to $551.44 in pre-market trading.

Google, India Discuss Collaborating Over Open E-Commerce Network

Google, India Discuss Collaborating Over Open E-Commerce Network

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and the Indian government have discussed integrating its shopping services with India's open e-commerce network ONDC, Reuters reports. Google's talks follow the success of its payments business due to the government's initiative for financial transactions, the Unified Payments Interface (UPI). An expert emphasized ONDC's need for a…

Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…

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Google Maps Contract Workers Lock Horns With Management Over Returning To Office Policy

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Maps contract workers are amid a standoff with their vendor Cognizant Technology Solutions Corp (NASDAQ:CTSH) on resuming back office, Bloomberg reports. The workers who are paid an hourly rate of $16 - $28 and do not enjoy the same perks as direct employees are also subject to the company's…

Workers Rebel Against China's Major Apple Supplier, Question Country's Covid Decree

Shanghai Apple Inc (NASDAQ:AAPL) supplier, Quanta Computer Inc's (OTC:QUCPY) low-wage workers, rebelled against their supervisors, demanding more freedom, Bloomberg reports. The workers locked down by government ruling and isolated from the outside world for almost two months were a part of violent clashes, mounting infections, and vacant factory floors. During the April lockdown, Quanta had…

Tesla, Other EV Makers Said To Have Asked Biden For Heavy-Duty Truck Charging Investments

Tesla Inc (NASDAQ: TSLA) — alongside other electric vehicle companies and environmental groups — has asked President Joe Biden’s administration to invest in charging infrastructure for electric buses, trucks and other medium- and heavy-duty vehicles, The<

4 Stocks Under $1 Insiders Are Aggressively Buying

The Nasdaq Composite jumped over 300 points on Thursday. 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 overall investment or…

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Recap: Viomi Technology Co Q1 Earnings

Viomi Technology Co (NASDAQ:VIOT) reported its Q1 earnings results on Friday, May 27, 2022 at 05:30 AM. Here's what investors need to know about the announcement. Earnings Viomi Technology Co reported an EPS of $-0.09.

Apple CEO Tim Cook Donates $100,000 To His High School's Band; Director Says 'We Are Speechless'

Apple Inc (NASDAQ: AAPL) CEO Tim Cook has donated $100,000 to help his high school’s band, in Alabama, to purchase new instruments.

Cavco Industries Q4 Earnings Surpass Street View

Cavco Industries Inc (NASDAQ:CVCO) reported fourth-quarter FY22 revenue growth of 64.9% year-over-year to $505.48 million, beating the consensus of $435.50 million. The gross profit jumped 82.9% Y/Y to $129.6 million, with the margin contracting 250 basis points to 25.6%. Selling, general and administrative expenses rose 35.9% to $59.7 million. The operating margin was…

20 Stocks Moving in Friday's Pre-Market Session

Gainers Adicet Bio, Inc. (NASDAQ: ACET) rose 16% to $11.90 in pre-market trading after reporting positive clinical update from ADI-001 Phase 1 Trial in relapsed/refractory Non-Hodgkin’s Lymphoma.

Why Red Robin Gourmet Burgers Shares Are Surging Today

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) reported first-quarter FY22 revenue growth of 21.2% year-over-year to $395.60 million, beating the consensus of $381.18 million. Restaurant sales rose 19.4% Y/Y, and comparable restaurant revenue increased 19.7%. Restaurant-level operating profit margin decreased by 170 basis points to 14%, driven primarily by commodity and labor cost inflation,…

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Economic Reports

Pre-open movers

Elon Musk And Twitter Both Sued By Shareholders Over 'Chaotic Deal'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Twitter Inc (NYSE: TWTR) are being sued by the microblogging company’s shareholders over an ongoing chaotic $44 billion t

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