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The Latest Breaking News from NYSE

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Recap: Hoegh LNG Partners Q1 Earnings

Hoegh LNG Partners (NYSE:HMLP) reported its Q1 earnings results on Wednesday, May 25, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga

Executives Sell Around $207M Of 5 Stocks

Gold futures traded lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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10 Biggest Price Target Changes For Wednesday

Telsey Advisory Group cut Ralph Lauren Corporation (NYSE: RL) price target from $160 to $140. Ralph Lauren shares fell 3% to $88.40 in pre-market trading.

Benzinga

Bank of Montreal: Q2 Earnings Insights

Bank of Montreal (NYSE:BMO) reported its Q2 earnings results on Wednesday, May 25, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

Clearway's Energy-Global Infrastructure Partners Ink Strategic Partnership With TotalEnergies

Clearway Energy, Inc. (NYSE:CWEN) (NYSE: CWEN-A) and its renewable development partner and parent company, Clearway Energy Group LLC stated that Global Infrastructure Partners (GIP) had formed a strategic partnership with TotalEnergies SE (NYSE:TTE) in the U.S. renewable energy sector. TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately-held renewable development company that serves as CWEN's…

Benzinga

Bank of Nova Scotia: Q2 Earnings Insights

Bank of Nova Scotia (NYSE:BNS) reported its Q2 earnings results on Wednesday, May 25, 2022 at 05:30 AM. Here's what investors need to know about the announcement.

Benzinga

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5 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Wednesday. 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…

Benzinga

Pfizer To Sell 23 Patented Drugs, Vaccines At Lower Prices To Poorer Countries

Pfizer Inc (NYSE:PFE) will sell over 20 patent-protected drugs and vaccines at not-for-profit prices to 45 of the world's poorest countries. Under the program, Pfizer will begin shipping the medicines first to Ghana, Malawi, Rwanda, Senegal, and Uganda before the end of this year, Chief Executive Albert Bourla said in an interview. This will…

Benzinga

WeWork Co-founder Raises $70M For Crypto Carbon-Credit Startup

WeWork Inc (NYSE:WE) cofounder Adam Neumann raised $70 million from venture capitalists and others for his co-founded carbon-credit startup Flowcarbon, Bloomberg reports. The startup raised traditional funding from backers like Andreessen Horowitz’s crypto arm, General Catalyst, and Samsung Next. Flowcarbon also raised money by selling its token, called the Goddess Nature Token. Neumann,…

Benzinga

Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal

Payments company Stripe Inc looks to give customers access to Bitcoin (CRYPTO: BTC)four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app. Stripe customers will be able to convert incoming payments and any amount of…

Benzinga

CVS Health To Stop Filling Controlled Substances Prescriptions For Cerebral, Done Health

CVS Health Corp (NYSE: CVS) will stop

Benzinga

Nike Yet To Renew Franchise Agreements In Russia: Report

Nike Inc (NYSE:NKE) has not renewed agreements with its largest franchisee in Russia, Reuters reported, quoting Vedomosti daily newspaper. The U.S. sportswear maker suspended its Russia operations temporarily in March due to Russia's invasion of Ukraine. The head of Inventive Retail Group (IRG), which operates Nike-branded stores in Russia, reportedly said Nike…

Benzinga

Caleres Q1 Earnings Beat Street View, Raises FY22 Outlook

Caleres Inc (NYSE:CAL) reported first-quarter FY22 sales growth of 15.1% year-over-year to $735.12 million, beating the consensus of $677.28 million. Net sales in the Famous Footwear segment declined 3.4% Y/Y, and the Brand Portfolio segment rose 46.1%. The gross profit increased 19% Y/Y to $327 million, with the margin expanding 144 points to…

Benzinga

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21 Stocks Moving in Wednesday's Pre-Market Session

Gainers The Singing Machine Company, Inc. (NASDAQ: MICS) shares rose 47.3% to $4.05 in pre-market trading.

Benzinga

A Peek Into The Markets: US Stock Futures Edge Lower; Fed Minutes In Focus

Pre-open movers

Benzinga

71 Biggest Movers From Yesterday

Gainers CynergisTek, Inc. (NYSE: CTEK) shares surged 100% to close at $1.18 on Tuesday after the company entered into a definitive agreement to be acquired by Clearwater Compliance for roughly $17.7 million.

Benzinga

Snapchat Has An Apt Filter For Investors 'Shook' By Its Stock Crashing

Snap Inc (NYSE: SNAP), the parent of Snapchat, saw its shares plummet a whopping 43.1% on Tuesday, bringing down the Nasdaq with it. Investors may discover that the multimedia messaging app has just the right filters for them to express their feelings.

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news in one place.

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Benzinga

Did Terra (LUNA) Have A 'Kill Switch?' Why Do Kwon's Comments From 2021 Are Going Viral

A video of Terra (CRYPTO: LUNA) founder Do Kwon describing a “kill switch” for Terraform Labs has resurfaced and is going viral on Twitter Inc (NYSE: TWTR)'s social media platform.

Benzinga

Blink And Miss: PlayStation 5 Restocking Doesn't Last Long

Sony Group Corporation (NYSE: SONY) provided ardent gaming fans with an enticing offer and it appears that consumers were quick to lap it up.

Benzinga

5 Stocks To Watch For May 25, 2022

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

Benzinga

Cathie Wood Continues To Show Faith In Bitcoin, Ethereum: Loads Up On 2 Crypto-Linked Stocks

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

Benzinga

'Are You Serious?' Alibaba Exec Draws Flak Over Highlighting New Tech To Track What Individuals Are Eating, Where They Are Traveling

An Alibaba Group Holding Ltd. (NYSE: BABA) executive faced flak after his individual carbon footprint tracker comments at the World Economic Forum (WEF) summit in Davos, Switzerland.

Benzinga

Why Alibaba, Nio And Other Stocks Are Sliding In Hong Kong Today

Shares of U.S.-listed Chinese firms traded significantly lower in Hong Kong on Wednesday morning, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Baidu Inc (NASDAQ: <

Benzinga

Cathie Wood Laps Up $16M In Tesla, Marking 2nd Straight Buy As Stock Slumps Another 7%

Cathie Wood-led Ark Invest scooped up more shares in Tesla Inc (NASDAQ: TSLA) on Tuesday, a day after the money managing firm resumed buying shares in the Elon Musk-led company.

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