Latest news for Appen (OTC:APPEF) Stock

Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, government agencies among others. The company's business segments are Global services and New markets. It generates maximum revenue from the Global services segment which represents the services that it provides to technology customers using the customers' data annotation platforms and tools. The majority of projects comprise large, at-scale deep learning (model evaluation) programs. Geographically, it derives a majority of its revenue from the United States of America.

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iShares Trust Barclays 20+ Year Treasury Bond Fund

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TSX:TIXT

CNBC

Two Major Tech Deals Come Under UK Government Scrutiny

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

Telus International (TSX:TIXT) (NYSE: TIXT) made and then unexpectedly withdrew a A$1.2 billion ($830 million) acquisition offer for Australian rival Appen Ltd (OTC: APPEF), 

Canada&#39;s Telus Withdraws Its $830M Bid For Australia&#39;s Appen: Reuters

Appen Ltd

Reducing full-year 2024 revenue midpoint&nbsp;guidance&nbsp;by&nbsp;$45 million&nbsp;to reflect updated FX rates (~$12 million&nbsp;impact), updated OEM production volumes (~$18 million&nbsp;impact) and potential volatility in non-OEM and customer demand-based products (~$15 million&nbsp;impact).
Reducing adjusted operating margin and EBITDA margin expectations to reflect lower contribution from reduced revenue expectations, offset by improved gross margin performance and continued operating cost control

Guidance

Stoneridge Cuts FY24 Revenue Guidance From $990M - $1.01B To $940M - $970M ($991.884M), Adjusted EPS To $0.18 - $0.28 (Est $0.15)

Q2 Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTWO#NYSE">QTWO</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.31 by 22.58 percent. The company reported quarterly sales of $172.890 million which beat the analyst consensus estimate of $170.933 million by 1.15 percent. This is a 11.88 percent increase over sales of $154.531 million the same period last year.

Earnings

Earnings Beats

QTWO

Q2 Holdings Q2 2024  Sales $172.890M Beat $170.933M Estimate

Q2 Holdings Expects Total Non-GAAP Revenue Of $171.5M - $174.5M For Q3 ($172.74M); Revises FY24 Range From $686M - $692M To $688.5M - $692.5M (Est $689.70M)

Third Quarter&nbsp;2024
<ul>
<li>Increasing revenue&nbsp;guidance&nbsp;to a range of&nbsp;$237.2 million&nbsp;to&nbsp;$241.2 million, up&nbsp;$9.2 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$230 million. The revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;26%&nbsp;to&nbsp;28%.</li>
<li>Increasing Adjusted EBITDA&nbsp;guidance&nbsp;to a range of&nbsp;$46.8 million&nbsp;to&nbsp;$47.3 million, up&nbsp;$1.8 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$45.3 million. The revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;39%&nbsp;to&nbsp;40%&nbsp;and an Adjusted EBITDA margin of&nbsp;19.4%&nbsp;to&nbsp;19.9%.</li>
</ul>

ZETA

Zeta Now Sees Q3 Revenue Of $237.2M - $241.2M, Est $230.43M

Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.50 by 6 percent. The company reported quarterly sales of $542.595 million which missed the analyst consensus estimate of $550.120 million by 1.37 percent. This is a 3.52 percent increase over sales of $524.159 million the same period last year.

Earnings Misses

CODI

Compass Diversified Hldgs Q2 2024 Adj. EPS $0.53 Beats $0.50 Estimate, Sales $542.595M Miss $550.120M Estimate

Full Year 2024
<ul>
<li>Increasing revenue&nbsp;guidance&nbsp;to a range of&nbsp;$920 million&nbsp;to&nbsp;$930 million, up&nbsp;$25 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;$900 million. Revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;26%&nbsp;to&nbsp;28%.</li>
<li>Increasing Adjusted EBITDA&nbsp;guidance&nbsp;to a range of&nbsp;$174.5 million&nbsp;to&nbsp;$176.5 million, up&nbsp;$4.5 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$171 million. Revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;35%&nbsp;to&nbsp;36%&nbsp;and an Adjusted EBITDA margin of&nbsp;18.8%&nbsp;to&nbsp;19.2%.</li>
<li>Increasing Free Cash Flow&nbsp;guidance&nbsp;to a range of&nbsp;$80 million&nbsp;to&nbsp;$90 million, up&nbsp;$5 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$80 million.</li>
</ul>

Zeta Raises 2024 Revenue Guidance From $895M - $905M To $920M - $930M, Est $900.45M

Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) reported quarterly earnings of $1.16 per share. The company reported $165.609 million in sales this quarter. This is a 4.88 percent increase over sales of $157.902 million the same period last year.

Gran Tierra Energy Q2 2024 GAAP EPS $1.16, Sales $165.609M Up From $157.902M YoY

Star Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGU#NYSE">SGU</a>) reported quarterly losses of $(0.31) per share. This is a 53.73 percent increase over losses of $(0.67) per share from the same period last year. The company reported $331.64 million in sales this quarter. This is a 10.50 percent increase over sales of $300.12 million the same period last year.

Star Group Q3 EPS $(0.31) Up From $(0.67) YoY, Sales $331.64M Up From $300.12M YoY

Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024.

Management

RELY

Remitly Appoints Vikas Mehta As CFO, Succeeding Hemanth Munipalli, Effective August 19, 2024

RSI expects revenue for the full year ending December 31, 2024 to be between&nbsp;$860&nbsp;and&nbsp;$900 million, increasing the midpoint by&nbsp;$45 million&nbsp;compared to the prior&nbsp;guidance. At the midpoint of the range, revenue of&nbsp;$880 million&nbsp;represents&nbsp;27%&nbsp;year-over-year growth when compared to&nbsp;$691 million&nbsp;of revenue for 2023.
RSI expects Adjusted EBITDA&nbsp;for the full year ending December 31, 2024 to be between&nbsp;$64&nbsp;and&nbsp;$72 million, increasing the midpoint by&nbsp;$13 million&nbsp;compared to the prior&nbsp;guidance. At the midpoint of the range, Adjusted EBITDA of&nbsp;$68 million&nbsp;compares to&nbsp;$8.2 million&nbsp;of Adjusted EBITDA for 2023.

Rush Street Interactive Raises FY24 Revenue Outlook From $810M - $860M To $860M - $900M, Est $845.67M

PGRE

Paramount Group Narrows Estimated FY24 Core FFO Guidance From $0.75 - $0.81 To $0.76 - $0.80; Est $0.77

New York Mortgage Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYMT#NASDAQ">NYMT</a>) reported quarterly losses of $(0.29) per share which missed the analyst consensus estimate of $0.01 by 3000 percent. The company reported quarterly sales of $19.044 million which missed the analyst consensus estimate of $23.479 million by 18.89 percent. This is a 25.82 percent increase over sales of $15.136 million the same period last year.

NYMT

New York Mortgage Trust Q2 2024 GAAP EPS $(0.29) Misses $0.01 Estimate, Sales $19.044M Miss $23.479M Estimate

The Company is narrowing its previous&nbsp;guidance&nbsp;for the year ending December 31, 2024 primarily to reflect the impact of its recent&nbsp;$400 million&nbsp;bond issuance as follows:

Piedmont Office Realty Trust Revises FY24 Core FFO Outlook From $1.46 - $1.56 To $1.46 - $1.52, Est $1.50

Evolus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOLS#NASDAQ">EOLS</a>) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.05) by 20 percent. The company reported quarterly sales of $66.909 million which beat the analyst consensus estimate of $65.784 million by 1.71 percent. This is a 35.59 percent increase over sales of $49.346 million the same period last year.

EOLS

Evolus Q2 2024 Adj. EPS $(0.04) Beats $(0.05) Estimate, Sales $66.909M Beat $65.784M Estimate

The arbitration merits hearing about the applicability of the Stabroek ROFR to the Merger has been scheduled for May 2025, with a decision expected in the following three months. Hess and Chevron had expected and requested that this hearing be held earlier, but the arbitrators&rsquo; common schedules did not make this possible.
The views of Hess and Chevron on the merits remain unchanged. Exxon and CNOOC continue to ignore the plain language of the operating agreement, and Hess and Chevron remain confident that the arbitration will confirm that the Stabroek ROFR does not apply to the Merger.
Hess and Chevron remain committed to the Merger and look forward to combining the two companies.

Hess Says Arbitration Merits Hearing About Applicability Of Stabroek ROFR To Merger Scheduled For May 2025; Hess And Chevron Had Expected, Requested That This Hearing Be Held Earlier - Filing

Stoneridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRI#NYSE">SRI</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $(0.02) by 950 percent. This is a 440 percent increase over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $237.059 million which missed the analyst consensus estimate of $242.604 million by 2.29 percent. This is a 11.15 percent decrease over sales of $266.814 million the same period last year.

Stoneridge Q2 2024 Adj. EPS $0.17 Beats $(0.02) Estimate, Sales $237.059M Miss $242.604M Estimate

Zeta Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.10 by 30 percent. This is a 160 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $227.839 million which beat the analyst consensus estimate of $212.446 million by 7.25 percent. This is a 32.61 percent increase over sales of $171.817 million the same period last year.

Zeta Global Holdings Q2 2024 Adj. EPS $0.13 Beats $0.10 Estimate, Sales $227.839M Beat $212.446M Estimate

CPS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) reported quarterly losses of $(0.07) per share. This is a 275 percent decrease over earnings of $0.04 per share from the same period last year. The company reported $5.03 million in sales this quarter. This is a 32.19 percent decrease over sales of $7.42 million the same period last year.

CPSH

CPS Technologies Q2 GAAP EPS $(0.07) Down From $0.04 YoY, Sales $5.03M Down From $7.42M YoY

Alamos Gold Says Remain Well Positioned To Achieve Full Year Guidance, And Deliver Significant Production Growth, At Declining Costs Over Next Several Years

Exact Sciences Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) shares are trading higher after the company reported its second-quarter financial results Wednesday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/07/b40080650/exact-sciences-announces-second-quarter-2024-results">details from the report. </a>
The Details: Exact Sciences reported quarterly losses of 9 cents per share, which beat the analyst consensus estimate of losses of 32 cents by 71.88%.
The company reported quarterly sales of $699.264 million which beat the analyst consensus estimate of $690.003 million and is a 12.41% increase over sales from the same period last year. Screening revenue was $532 million, a 15% increase, and Precision Oncology revenue was $168 million, an increase of 6%.
Exact Science says it screened more than 1 million people with Cologuard for the first time during a quarter and tested a record number of cancer patients with Oncotype DX. 
The company also announced an exclusive <a href="https://www.benzinga.com/pressreleases/24/07/n40080659/twinstrand-biosciences-and-exact-sciences-announce-exclusive-license-agreement-for-duplex-sequenci">licensing agreement</a> with TwinStrand Biosciences for its patent estate in the cell free nucleic acid sequencing space.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40076709/whats-going-on-with-sofi-stock-after-earnings">What&#8217;s Going On With SoFi Stock After Earnings?</a>
&#8220;Our second quarter results show the dedication of Exact Sciences&#8217; world-class team and the power of our unique platform,&#8221; said Kevin Conroy, chairman and CEO. &#8220;We delivered answers to more patients and healthcare professionals than ever before, achieved record revenue and profitability, and advanced each of our key pipeline programs. Momentum continues to build, fueling our purpose to help eradicate cancer.&#8221;
Outlook: Exact Sciences maintained its full-year revenue guidance of between $2.81 billion and $2.85 billion, versus the $2.829 estimate.
EXAS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Exact Sciences shares are up 9.46% after-hours at $50.00 at the time of publication Wednesday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/40051630/match-group-stock-climbs-on-strong-q2-results-hinge-revenue-up-48">Match Group Stock Climbs On Strong Q2 Results, Hinge Revenue Up 48%</a></li>
</ul>
Image: Courtesy of Exact Sciences Corporation

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EXAS

Exact Sciences Stock Climbs After Strong Q2 Results

Appen Ltd. (AU:APX) has released an update. Appen Ltd., a global leader in AI data solutions, faced a 30% revenue decline in FY23 primarily due to ...

Appen Ltd. Navigates Revenue Decline with Strategic Cost Cuts

Appen Ltd. (AU:APX) has released an update. Appen Limited, a global leader in data for AI systems, has released the results of its 2024 Annual Gene...

Appen Ltd. AGM Strongly Endorses Company Directives

In a report released today, Wei Sim from Jefferies maintained a Hold rating on Appen Ltd. (APPEF – Research Report), with a price target of A$0.60....

Jefferies Sticks to Their Hold Rating for Appen Ltd. (APPEF)

Appen Ltd. (AU:APX) has released an update. Appen Limited's director, Mr. Ryan Kolln, has reported a significant increase in his holdings with the ...

Appen Ltd Director's Holdings Surge Post-AGM

Appen Ltd. (AU:APX) has released an update. Appen Limited has announced the issuance of 7,049,667 performance rights under an employee incentive sc...

Appen Limited Issues Employee Incentive Securities

Appen Ltd. (AU:APX) has released an update. Appen Limited has announced the application for quotation of a new issuance of securities on the ASX un...

Appen Limited Announces New Share Issuance

Appen Ltd. (AU:APX) has released an update. APPEN LIMITED has announced an application for the quotation of 529,119 new ordinary fully paid securit...

APPEN LIMITED Eyes Stock Expansion

Appen Ltd. (AU:APX) has released an update. Appen Limited has announced the cessation of 1,773,075 performance rights due to unmet conditions, effe...

Appen Limited Reports Lapse of Performance Rights

Appen Ltd. (AU:APX) has released an update. Appen Ltd. reports encouraging Q2 financial results with a 16% revenue increase excluding Google, signa...

Appen Ltd. Shows Resilience and Growth in Q2

Canaccord Genuity upgrades Appen Ltd. (APPEF) to a Hold

Appen

<ul>
	<li>On Monday, the&nbsp;Alphabet Workers Union&nbsp;said that thousands of contract employees evaluating the quality of&nbsp;Alphabet Inc&rsquo;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google search and advertising won a pay hike that brought&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27437249/google-maps-contract-workers-lock-horns-over-returning-to-office-policy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">workers&rsquo;</a>&nbsp;wages up to $15 an hour.</li>
	<li>The AWU estimated that up to 5,000&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28753105/unionization-frenzy-catches-up-on-googles-third-party-cafetaria-workers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">workers</a>&nbsp;received the raise, which resulted in &ldquo;millions in collective salary increases for workers,&rdquo; Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-02-27/google-contract-workers-win-raise-following-union-activism?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
	<li>The pay hike came after AWU staged rallies on both U.S. coasts to highlight labor conditions and petitioned for the benefits Google publicized in its minimum standard of benefits for its extended workforce.</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/12/30215388/amazon-scores-another-victory-in-preventing-unionization-efforts-at-us-warehouse" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Scores Another Victory In Preventing Unionization Efforts At US Warehouse</a></li>
	<li>Michelle Curtis, a Google contractor and member of AWU, said that Google and&nbsp;Appen Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/APPEF#OTC">APPEF</a>), which employed the workers receiving the raise, could still do better.&nbsp;</li>
	<li>The pay hike will likely be effective by the end of 2023.&nbsp;</li>
	<li>&ldquo;It is now time for Appen and Google to ensure every rater can take a sick day and have access to basic health insurance,&rdquo; Curtis said.</li>
	<li>Price Action:&nbsp;GOOG shares traded lower by 0.04% at $90.06 in the premarket on the last check Tuesday.</li>
</ul>

CNBC

<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/05/27413024/two-major-tech-deals-come-under-uk-government-scrutiny" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Two Major Tech Deals Come Under UK Government Scrutiny</a>

<ul>
	<li>The U.K. will review Altice USA Inc&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>) increased stake in BT Group plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BTGOF#OTC">BTGOF</a>) after Business Secretary Kwasi Kwarteng exercised new takeover powers focusing on national security.</li>
	<li>The company announced that the U.K. Business Secretary Kwasi Kwarteng is &ldquo;calling in&rdquo; its deal with Altice, which telecom magnate Patrick Drahi owns.</li>
	<li>BT Group said it would fully cooperate with this review.</li>
</ul>

 

Reuters

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/05/27412794/britain-competition-watchdog-launches-second-probe-on-google" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Britain Competition Watchdog Launches Second Probe On Google</a>

<ul>
	<li>Britain&rsquo;s competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google for allegedly fudging competition and illegally favoring its services.</li>
	<li>The CMA studied three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest provider in each of those components.</li>
	<li>The CMA&rsquo;s latest probe follows its probe into Google and Facebook owner-Meta Platforms Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/fb#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FB</a>) &ldquo;Jedi Blue&rdquo; agreement.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/05/27413972/canadas-telus-withdraws-its-830m-bid-for-australias-appen-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Canada&rsquo;s Telus Withdraws Its $830M Bid For Australia&rsquo;s Appen</a>

<ul>
	<li>Telus International (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#TSX">TIXT</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) made and then unexpectedly withdrew a A$1.2 billion ($830 million) acquisition offer for Australian rival Appen Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/APPEF#OTC">APPEF</a>).</li>
	<li>&ldquo;Telus informed us that they were revoking their Indicative Proposal. No reasons were given,&rdquo; the Australian software seller stated.</li>
	<li>On Thursday, trading in Appen&rsquo;s shares was halted after they surged more than 29 percent to A$8.27, well below the indicative offer price of A$9.50 per share.</li>
</ul>

 

Wall Street Journal

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27411462/apple-announces-10-hike-for-store-workers-amid-surging-inflation-unionization-drive-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Gives 10% Hike To Store Workers Amid Hot Inflation, Unionization Drive</a>

<ul>
	<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reportedly followed up on its February pay increases for its store employees with another.</li>
	<li>Cupertino is raising salaries for store employees in the U.S. by 10% or more, to at least $22 per hour, the Wall Street Journal reported, citing an email from the company to workers.</li>
	<li>&ldquo;This year as part of our annual performance review process, we&rsquo;re increasing our overall compensation budget,&rdquo; the report said, citing an Apple spokesperson.</li>
	<li>The latest move is on top of the 2-10% upward revision the company announced in February.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27413312/boeings-starliner-spacecraft-returns-to-earth" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Boeing&rsquo;s Starliner Spacecraft Returns To Earth</a>

<ul>
	<li>After undocking from the International Space Station, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) spacecraft landed in the desert on Wednesday, marking the end of a test mission that was first attempted more than two years ago, reported WSJ.</li>
	<li>The ship had successfully connected with the space station on Friday night, nearly a day after being launched into orbit by a rocket from a Florida launchpad.</li>
	<li>The Starliner carried out several maneuvers during the mission to demonstrate its capacity to fly and make adjustments in orbit to reach the station.</li>
</ul>

 

Bloomberg

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27413957/another-chinese-car-tech-company-aspires-to-go-public-via-spac-merger-after-didis-debacle" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi&rsquo;s Debacle</a>

<ul>
	<li>Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COVA#NASDAQ">COVA</a>).</li>
	<li>Ecarx, founded in 2017 by Geely Automobile Holdings Ltd&rsquo;s (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/gelyy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GELYY</a>) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars.</li>
	<li>The combined company will be worth $3.8 billion.</li>
	<li>Ecarx would be the most prominent Chinese company to list in the U.S. following DiDi Global Inc&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIDI#NYSE">DIDI</a>) debacle. </li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27411694/sony-goes-aggressive-on-gaming-pursuit-read-how" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sony Goes Aggressive On Gaming Pursuit - Read How</a>

<ul>
	<li>Sony Group Corp&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation division looks to acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said, Bloomberg reports.</li>
	<li>Sony is yet to expand PlayStation Studios inorganically and will look to keep forging deals, Jim Ryan said.</li>
	<li>Sony spent nearly half its PlayStation 5 investment budget developing and growing live services and looks to increase that ratio to 55% by FY25.</li>
	<li>Sony projects PC net sales of $300 million in the current fiscal year, up almost four-fold from $80 million a year ago.</li>
</ul>

 

Financial Times

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/05/27413229/fed-explores-more-aggressive-interest-rate-hikes-to-counter-inflation-while-weighing-risks-associate" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Fed Explores More Aggressive Interest Rate Hikes To Counter Inflation While Weighing Associated Risks</a>

<ul>
	<li>Federal Reserve officials discussed moving the U.S. central bank to a &ldquo;restrictive&rdquo; policy stance to counter inflation through more aggressive interest rate increases.</li>
	<li>Most U.S. monetary policymakers agreed to increase the Fed&rsquo;s primary interest rate between 0.75% - 1% by 50 basis points at the next set of meetings.</li>
	<li>The Fed officials saw risks to financial stability related to the tightening cycle that could hurt the liquidity of Treasury securities markets and the private sector&rsquo;s intermediation capacity.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27413724/venture-global-secretly-started-constructing-13b-lng-plant-on-us-gulf-coast" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Venture Global &lsquo;Secretly&rsquo; Started Constructing $13B LNG Plant On US Gulf Coast</a>

<ul>
	<li>The Financial Times reported that Venture Global LNG would build one of the largest new liquefied natural gas export plants in the U.S. on the Louisiana coast.</li>
	<li>The Plaquemines project will supply more than 13 million tons a year of LNG, equivalent to 15% of total U.S. export capacity.</li>
	<li>A second phase could take the plant&rsquo;s capacity to 20 million tons a year.</li>
</ul>

 

Benzinga

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27409823/twitter-to-shell-out-150m-to-settle-privacy-complaint-alleging-it-used-phone-numbers-to-target-ads" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Twitter To Settle Complaint Alleging It Used User Phone Numbers To Target Ads For $150M</a>

<ul>
	<li>Twitter Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWTR#NYSE">TWTR</a>) will pay $150 million in civil penalties after the social media platform settled a complaint that alleged that the company used its members&rsquo; email addresses and phone numbers to target them with advertisements.</li>
	<li>The settlement pertains to allegations that Twitter violated the Federal Trade Commission Act and an administrative order issued by the Federal Trade Commission in March 2011.</li>
	<li>In addition to the penalty, Twitter has agreed to &ldquo;implement robust compliance measures&rdquo; to protect its users&rsquo; data privacy, according to a joint statement by the U.S. Department of Justice and the FTC.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27411060/u-n-votes-to-make-oil-food-and-other-prices-shoot-up-in-north-korea-after-effects-of-missile-testing" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Kim Jong-Un&rsquo;s Missile Test Spurs UN To Toughen Sanctions Against North Korea</a>

<ul>
	<li>The United Nations Security Council will reportedly vote to strengthen sanctions on North Korea after the Kim Jong-Un-led country recently tested intercontinental ballistic missiles.</li>
	<li>A senior U.S. official told AFP that at the request of the United States, which holds the rotating Security Council presidency for May, the U.N. would conduct a vote on a resolution aimed at toughening sanctions on North Korea.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27410895/gamestop-dishing-out-major-discounts-on-for-playstation-days-of-play-event" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GameStop Is Dishing Out Big Discounts During This Special Playstation Event</a>

<ul>
	<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is dishing out some major discounts for Sony Group Corp&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation &ldquo;Days of Play&rdquo; event.</li>
	<li>The event is due to take place between May 25 and June 8 this year. On offer are GameStop discounts on select PlayStation 4 and 5 games such as &ldquo;Uncharted: Legacy of Thieves&rdquo; and &ldquo;MLB The Show 22.&rdquo;</li>
	<li>The discounts also extend to PS5 DualSense Controllers, which are going for $59.99 against the regular price of $69.99 to $74.99.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27410072/nio-bets-on-honeywell-refrigerant-with-low-global-warming-potential-for-et7-sedan-a-first-among-chin" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Nio Is Betting On This Honeywell Product To Fight Global Warming</a>

<ul>
	<li>Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) will use Honeywell International Inc&rsquo;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) refrigerant with ultra-low global warming potential for its recently launched ET7 sedan, CnEVpost reported on Thursday, citing the U.S. industrial company.</li>
	<li>Honeywell claims its hydrofluoroolefin (HFO)-based refrigerant has a global warming potential (GWP) of less than 1, a 99.9% reduction compared to HFC refrigerants currently used in the Chinese market.</li>
	<li>The HFO-1234yf refrigerant was being used in more than 120 million vehicles globally at the end of last year, the report said, citing Honeywell.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/05/27409842/jpmorgan-bitcoins-fair-value-at-38-000-crypto-ahead-of-real-estate-in-alternative-assets" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JPMorgan Sees Bitcoin&rsquo;s Fair Value At $38,000; Crypto Now Preferred Over Real Estate</a>

<ul>
	<li>Analysts at JPMorgan Chase &amp; Co have reportedly forecast potential upside for Bitcoin BTC/USD and other cryptocurrencies in the months to come.</li>
	<li>In a Wednesday research note to investors seen by Forbes, JPMorgan strategists, led by Nikolaos Panigirtzoglou, placed Bitcoin&rsquo;s &ldquo;fair value&rdquo; at $38,000, 28% higher than its current market price.</li>
	<li>The bank also noted that cryptocurrencies had surpassed real estate as a preferred alternative asset.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/05/27409612/bitcoin-ethereum-trade-mixed-dogecoin-down-fomc-minutes-cheer-stocks-but-exuberance-distin" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bitcoin Edges Up, Ethereum, Dogecoin Down: Fed Meet Cheers Stocks But Crypto Stuck In Rut</a>

<ul>
	<li>Bitcoin and Ethereum were mixed at press time on Wednesday evening, breaking away from other risk assets after the U.S. Federal Reserve&rsquo;s policy meeting minutes came in line with expectations. The global cryptocurrency market cap fell 0.7% to $1.3 trillion.</li>
	<li>Major cryptocurrencies like Bitcoin and Ethereum failed to overcome resistance at the key $30,000 and $2,000 levels even though other risk assets like stocks rallied on Wednesday.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/05/27409933/wait-way-more-than-10-of-investors-now-own-crypto-kucoin-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Wait, Now 27% Of US Adults Own Or Trade Crypto: KuCoin Report</a>

<ul>
	<li>A report by leading cryptocurrency exchange KuCoin reveals that 27% of U.S adults are now invested or have traded cryptocurrencies in the last six months.</li>
	<li>KuCoin in a report titled &ldquo;Into The Cryptoverse&rdquo; provided insights into the growing cryptocurrency market in the United States.</li>
	<li>The report didn&rsquo;t specify which digital coins are most popular among U.S. adults, but on-chain data shows that Bitcoin BTC/USD and Ethereum ETH/USD are the most prevalent cryptocurrencies worldwide.</li>
</ul>

Photo via Wikimedia Commons

Telus International&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#TSX">TIXT</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) made and then unexpectedly withdrew a A$1.2 billion ($830 million) acquisition offer for Australian rival&nbsp;Appen Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/APPEF#OTC">APPEF</a>),&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/us/canada-customer-data-firm-telus-makes-830-mln-play-australias-appen-2022-05-26/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reported citing Appen</a>.

&quot;Telus informed us that they were revoking their Indicative Proposal. No reasons were given,&quot; the Australian software seller stated.

On Thursday, trading in Appen&#39;s shares was halted after they surged more than 29 percent to A$8.27, well below the indicative offer price of A$9.50 per share,

&quot;Appen engaged with Telus in good faith...to better understand the terms of the proposal and to agree on an acceptable confidentiality and standstill agreement,&quot; the Australian company said in its latest statement.

Appen had previously stated that it would engage with Telus to seek a higher offer.

&quot;While we see significant synergy potential... we see Appen as being in a weaker negotiation position to extract a higher bid from Telus International,&quot; Citi analysts wrote in a report.

Price Action:&nbsp;TIXT shares closed lower by 0.13% at C$30.58 on TSX and lower by 0.33% at $23.86 on NYSE; APPEF closed higher by 2.74% at $5.05 on Wednesday.

Photo via Pixabay

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