DEXWireNews

DEXWireNews

Tesla ( NASDAQ:TSLA ) has taken legal action against its former supplier, Matthews International, in a California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with Tesla's ( NASDAQ:TSLA ) competitors. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims...

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Amazon ( NASDAQ:AMZN ) is closing a warehouse in Tukwila, Washington, just south of Seattle, following a layoff of 172 employees at the facility, known as UWA5. Amazon ( NASDAQ:AMZN ) spokesperson Sam Stephenson said employees will be offered opportunities to transfer to other nearby facilities or support if they choose not to stay with Amazon. The company is...

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Delta Air Lines ( NYSE:DAL ) is running its largest ever transatlantic schedule this year due to healthy travel demand, particularly on international routes. The airline has forecast record high second-quarter revenue due to buoyant demand for spring and summer travel. Delta's CEO, Ed Bastian, said that summer is progressing strongly and demand is quite healthy....

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Solana's Magic Eden, a non-fungible token (NFT) marketplace, has seen a surge in trading volumes, dominating the Solana ( CRYPTOCAP:SOL ), Ethereum, and Bitcoin networks. This surge comes as total NFT volumes have dropped in the last 30 days. The platform has surpassed NFT marketplace Blur on Ethereum, with its market share increasing to 41.39%. On Solana (...

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Tesla ( NASDAQ:TSLA ) CEO Elon Musk has been accused of insider trading after selling shares worth over $7.5 billion in the last two months of 2022. The lawsuit, filed by shareholder Michael Perry in the Delaware Chancery Court, claims that Musk sold a total of over $7.5 billion worth of Tesla ( NASDAQ:TSLA ) shares in late 2022 before the disclosure of...

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According to Wall Street, which cited anonymous sources, Boston Beer saw a spike in value on Friday, as the American brewer is in discussions to sell the business to the international spirits major Suntory. On the announcement, Boston Beer Company Inc. (NYSE:SAM) had a gain of almost 30%. The sources told WSJ that although negotiations are still in their early...

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The native coin of the crypto currency exchange Binance ( CRYPTOCAP:BNB ) price has been in a close consolidation phase for nearly 13 weeks. With each passing daily candlestick close, CRYPTOCAP:BNB gets squeezed more, suggesting a steady decline in volatility. These types of continuous consolidation in price actions are usually followed by a massive breakout,...

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Binance has burned 1.35 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens in its 22nd batch of its SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism, marking a bearish pattern in the crypto exchange's net burn. The total SEED_DONKEYDAN_MARKET_CAP:LUNC burn by Binance has now surpassed 60 billion, accounting for more than 52% of the total ...

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The 1INCH ( CRYPTOCAP:1INCH ) price is likely to face a pullback after rallying 15% since Tuesday, but a price decline towards $0.471-$0.443 could provide an opportunity for sidelined buyers. The price rally is fueled by rising Open Interest, which indicates the total number of outstanding derivative contracts and whether money flows into the contract are...

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MongoDB shares ( NASDAQ:MDB ) fell more than 20% in premarket trading on Friday due to weak guidance from the company. The document-oriented database provider, which makes money by selling add-on features and support for its open-source document-oriented database, guided fiscal second-quarter adjusted earnings of between 46 cents and 49 cents per share, well below...

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SentinelOne's stock (NYSE: NYSE:S ) fell 14% following its mixed first-quarter financial results, which reported quarterly losses of 23 cents per share, significantly missing the analyst consensus estimate of losses of 5 cents by 360%. However, the company posted quarterly sales of $186.4 million, surpassing the analyst consensus estimate of $181.09 million by...

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Gap shares ( NYSE:GPS ) surged more than 27% in Friday's trading session after the clothing and accessories retailer posted a better-than-expected quarterly earnings report and raised its full-year guidance. Comparable store sales in the quarter rose 3% from a year earlier, driven by each of Gap's four brands posting positive same store sales in the period. New...

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Hamster Kombat, a popular crypto game on Telegram, is set to launch its token on The Open Network ( LSE:TON ). With 60 million users and 20 million subscribers, Hamster Kombat has gained significant popularity in the crypto industry. The game, based around a hamster CEO, has amassed 60 million users since its launch in March. Notcoin ( GETTEX:NOT ), another...

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Zscaler's stock surged 5.94% on an unexpected profit, following a surprise profit of $19.1 million for the quarter. The company posted a revenue of $553.2 million, up 32% from last year and topped analysts' expectations of $535.2 million. Zscaler's fourth-quarter revenue guidance was mostly in line with estimates of $567.6 million, which would be up nearly 25%...

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Trump Media & Technology Group, ( DJ:DJT ) the owner of Truth Social, experienced a slump in shares after former President Donald Trump was found guilty in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex....

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Marvell Technology ( NASDAQ:MRVL ) reported a significant increase in its data center division's first-quarter revenue, but this did not offset declines in other segments. The company warned in March that sales figures would likely disappoint, but said that its non-data center divisions should recover in the second half of the year. The total revenue for the...

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Veeva Systems Inc., ( NYSE:VEEV ) a leading provider of cloud solutions for the global life sciences industry, announced its fiscal 2025 first quarter results, which showed a 24% increase in revenues and a 29% increase in subscription services revenues. Operating income increased by 152% YoY to $155.2 million, while non-GAAP operating income rose by 66% YoY to...

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Dell Technologies shares ( NYSE:DELL ) fell about 17% in premarket trading on Friday, as the PC and server maker expects significant AI investments to impact its quarterly profit. Dell is on track to lose more than $17 billion in market value if premarket losses hold. The stock has more than doubled this year. Companies like Dell have been investing heavily in...