Global https://www.benzinga.com/views/taxonomy/term/17027 en Mid-Afternoon Market Update: Dow Surges Over 200 Points; ChemoCentryx Shares Drop https://www.benzinga.com/news/earnings/21/05/21017900/mid-afternoon-market-update-dow-surges-over-200-points-chemocentryx-shares-drop <p>Toward the end of trading Friday, the Dow traded up 0.62% to 34,761.24 while the NASDAQ rose 0.95% to 13,762.12. The S&amp;P also rose, gaining 0.74% to 4,232.81.</p> <p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,605,480 cases with around 580,060 deaths. India confirmed a total of at least 21,491,590 cases and 234,080 deaths, while Brazil reported over 15,003,560 COVID-19 cases with 416,940 deaths. In total, there were at least 156,151,460 cases of COVID-19 worldwide with more than 3,258,410 deaths, according to data compiled by Johns Hopkins University.</p> <p> <strong>Leading and Lagging Sectors</strong></p> <p> Energy shares rose 1.5% on Friday. Meanwhile, top gainers in the sector included <strong> Forum Energy Technologies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fet#NYSE">FET</a>), up 15%, and <strong> EQT Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>), up 11%.</p> <p> In trading on Friday, consumer staples shares fell 0.1%.</p> <p> <strong>Top Headline</strong></p> <p>The Bureau of Labor Statistics released employment data for the month of April.</p> <p>The nonfarm payroll number came in at +266,000, well worse than consensus economist expectations of +1 million. The unemployment rate increased by 0.1% to 6.1%. April&rsquo;s job growth represents a sharp drop from the 770,000 jobs the ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/21017900/mid-afternoon-market-update-dow-surges-over-200-points-chemocentryx-shares-drop alt=Mid-Afternoon Market Update: Dow Surges Over 200 Points; ChemoCentryx Shares Drop>Full story available on Benzinga.com</a></p> CCXI CMT Earnings EPZM EQT FET FSTX Mid-Afternoon Market Update News ORPH PDEX Eurozone Commodities Small Cap Global Intraday Update Markets CMT US2186831002 PDEX US74265M2052 EQT US26884L1098 FET CCXI EPZM ORPH FSTX News Earnings Eurozone Commodities Small Cap Global Intraday Update Markets Benzinga Fri, 07 May 2021 19:03:19 +0000 Lisa Levin 21017900 at https://www.benzinga.com Regulators Approve CP's And KCS' Request To Form Pre-Merger Voting Trust https://www.benzinga.com/m-a/21/05/21015029/regulators-approve-cps-and-kcs-request-to-form-pre-merger-voting-trust <p>The <a href="https://www.stb.gov/">Surface Transportation Board</a> (STB) has determined that <strong><a href="https://www.cpr.ca/">Canadian Pacific</a></strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>) and <strong><a href="https://www.kcsouthern.com/">Kansas City Southern</a> </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ksu#NYSE">KSU</a>) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process.</p> <p>CP and KCS <a href="https://www.freightwaves.com/news/railroad-megamerger-could-be-boom-for-shippers">had announced plans</a> to merge in March, while CP rival <strong><a href="https://www.cn.ca/">CN</a></strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cni#NYSE">CNI</a>) <a href="https://www.freightwaves.com/news/cn-kansas-city-southern-merger-would-target-competition-from-trucks">said in April</a> that it is also interested in acquiring KCS. Both CP and CN are Canadian railways, and they propose that a merger with KCS would create a railroad that has operations across Canada, the U.S. Midwest and into Mexico.</p> <p>STB&#039;s Thursday decision grants CP and KCS permission to use a voting trust as a way to prevent any premature takeover of KCS and to enable KCS to continue to operate as an independent company until the merger process has been completed.</p> <p>STB granted the use of the trust, provided that some modifications be followed. The modifications pertain to guidelines that the trust&#039;s trustee must follow during the merger process to ensure no conflict of interest. CP named former KCS CEO David Starling as the trustee.</p> <p>The board also asked that any modifications to the voting trust agreement be reviewed and approved by STB.</p> <p>STB acknowledged the <a href="https://www.freightwaves.com/news/justice-department-cp-and-kcs-spar-over-rail-merger-process">comments about the trust</a> by ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21015029/regulators-approve-cps-and-kcs-request-to-form-pre-merger-voting-trust alt=Regulators Approve CP&#039;s And KCS&#039; Request To Form Pre-Merger Voting Trust>Full story available on Benzinga.com</a></p> CNI CP Freight Freightwaves Kansas City Southern KSU Logistics M&A News Railroads Industry Supply Chain UNP Commodities Global Markets CNI CA1363751027 CP CA13645T1003 KSU US4851703029 UNP US9078181081 News M&A Commodities Global Markets Benzinga Fri, 07 May 2021 16:52:51 +0000 FreightWaves 21015029 at https://www.benzinga.com Mid-Day Market Update: Pro-Dex Rises After Q3 Results; Orphazyme Shares Slide https://www.benzinga.com/news/earnings/21/05/21015412/mid-day-market-update-pro-dex-rises-after-q3-results-orphazyme-shares-slide <p>Midway through trading Friday, the Dow traded up 0.45% to 34,705.48 while the NASDAQ rose 1.35% to 13,816.46. The S&amp;P also rose, gaining 0.77% to 4,233.93.</p> <p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,605,480 cases with around 580,060 deaths. India confirmed a total of at least 21,491,590 cases and 234,080 deaths, while Brazil reported over 15,003,560 COVID-19 cases with 416,940 deaths. In total, there were at least 156,151,460 cases of COVID-19 worldwide with more than 3,258,410 deaths, according to data compiled by Johns Hopkins University.</p> <p> <strong>Leading and Lagging Sectors</strong></p> <p> Information technology shares rose 1.2% on Friday. Meanwhile, top gainers in the sector included <strong> MoneyGram International, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgi#NASDAQ">MGI</a>), up 18%, and <strong> Bill.com Holdings, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>), up 15%.</p> <p> In trading on Friday, financial shares fell 0.3%.</p> <p> <strong>Top Headline</strong></p> <p>The Bureau of Labor Statistics released employment data for the month of April.</p> <p>The nonfarm payroll number came in at +266,000, well worse than consensus economist expectations of +1 million. The unemployment rate increased by 0.1% to 6.1%. April&rsquo;s job growth represents a sharp drop from the 770,000 jobs the economy gained in March.</p> <p>&nbsp;</p> <p><strong>Equities Trading UP</strong></p> <p> <strong>Core Molding Technologies, ...</strong></p><p><a href=https://www.benzinga.com/news/earnings/21/05/21015412/mid-day-market-update-pro-dex-rises-after-q3-results-orphazyme-shares-slide alt=Mid-Day Market Update: Pro-Dex Rises After Q3 Results; Orphazyme Shares Slide>Full story available on Benzinga.com</a></p> BILL CCXI CMT Earnings EPZM FSTR MGI Mid-Day Market Update News ORPH PDEX Eurozone Commodities Small Cap Global Intraday Update Markets CMT US2186831002 FSTR US3500601097 PDEX US74265M2052 MGI US60935Y2081 CCXI EPZM BILL ORPH News Earnings Eurozone Commodities Small Cap Global Intraday Update Markets Benzinga Fri, 07 May 2021 16:20:27 +0000 Lisa Levin 21015412 at https://www.benzinga.com Can Kodiak Robotics Compete With The Big Boys Of Autonomous Trucking? https://www.benzinga.com/news/21/05/21009579/can-kodiak-robotics-compete-with-the-big-boys-of-autonomous-trucking <p>Kodiak Robotics is one of several Silicon Valley autonomous trucking software developers. But it gets less attention than players that started earlier. It also lacks the fundraising and manufacturer partnerships that competitors have.</p> <p>TuSimple&#039;s public trading debut, the reputational credit given to <strong>Google</strong>-backed (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Waymo Via and partner-rich Aurora Innovation crowd out Kodiak. China-backed Plus generates significantly more headlines. More recently, Embark Trucks has, too.</p> <p>"I think the technology story hasn&#039;t really gotten a tremendous amount of coverage over the last year and a half, two years, somewhat sadly, from this technologist&#039;s perspective," Kodiak co-founder Don Burnette told FreightWaves.</p> <h2 id="h-burnette-a-pioneer-but-kodiak-a-latecomer"><strong>Burnette A Pioneer But Kodiak A Latecomer</strong></h2> <p>As a master&#039;s student in robotics at Carnegie Mellon University in the late 2000s, Burnette was among a pioneering group of self-driving technologists associated with the Defense Advanced Research Projects Agency (DARPA) self-driving vehicle competitions.</p> <p>Burnette worked with Chris Urmson as a technical leader on Google&#039;s self-driving car team before Urmson went on to co-found Aurora. Burnette co-founded now-defunct Ottomotto LLC in 2016. It was acquired by <strong>Uber </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) and shuttered two years later. He left before the doors closed and started Mountain View, California-based Kodiak in 2018 with venture capitalist Paz Eshel.</p> <p>Kodiak is the latest entry to the self-driving truck race, coming three years after TuSimple and Embark Trucks, two years after Plus, and a year after Aurora. Waymo Via traces its roots to the 2009 beginning of the Google self-driving car program that Burnette worked on for six years. </p> <p>"They&#039;ve been around for significantly longer," Burnette said of the competition. "They raised a lot more capital early on.  They had the luxury of doing a bunch of marketing and media push and all these kinds of things. We haven&#039;t had that luxury."</p> <h2 id="h-features-and-demonstrations"><strong>Features And Demonstrations</strong></h2> <p>Kodiak&#039;s Level 4 high-automation software recognizes and reacts to construction zones, stalled vehicles, merging traffic and vehicle cut-ins. It operates in inclement weather, including rain, "which a ...</p><p><a href=https://www.benzinga.com/news/21/05/21009579/can-kodiak-robotics-compete-with-the-big-boys-of-autonomous-trucking alt=Can Kodiak Robotics Compete With The Big Boys Of Autonomous Trucking?>Full story available on Benzinga.com</a></p> autonomous drive Freight Freightwaves GOOGL News self-driving trucks trucking UBER Global Tech GOOGL US38259P5089 UBER News Global Tech Benzinga Fri, 07 May 2021 14:38:27 +0000 FreightWaves 21009579 at https://www.benzinga.com Bitcoin's Shift (Back) To Retail https://www.benzinga.com/markets/cryptocurrency/21/05/21013342/bitcoins-shift-back-to-retail <p>When bitcoin was first launched in 2009, the cryptocurrency&nbsp;was designed as a means for users to exchange money with other parties on an independent, decentralized network with enhanced privacy and no need for a third party.</p> <p>However, thought of as an alternative to gold as a store of value, bitcoin instead gained mainstream traction and popularity as people began speculating on its future value. From the time of its inception in 2009, it took until Jan. 1, 2017, to cross the $1,000 threshold. By the end of 2017, bitcoin&rsquo;s all-time high was almost $20,000. Although the price of bitcoin increased by 19x in 2017, the path was not a straight line. In fact, it could be more appropriately described as a rollercoaster.</p> <p>The history and subsequent widespread adoption of bitcoin (it makes up roughly 66% of the total crypto market) can help explain some of the growing interest since hitting the $20,000 mark.</p> <p>&ldquo;Bitcoin has the brand name and has been around the longest,&rdquo; Rene Van Kesteren, head of digital markets for Blockfi,&nbsp;<a href="https://www.cmegroup.com/openmarkets/openmarkets-roundtable/2020/is-the-rally-in-bitcoin-just-getting-started.html">told OpenMarkets in 2020</a>&nbsp;in explaining why it has gained more attention than other cryptos.</p> <h3 id="retail-vs-institutional-investors">Retail Vs. Institutional Investors</h3> <p>Although institutional investors drive price in the open markets, ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/05/21013342/bitcoins-shift-back-to-retail alt=Bitcoin&#039;s Shift (Back) To Retail>Full story available on Benzinga.com</a></p> Bitcoin CME Group Crypto Cryptocurrency News Global Markets News Cryptocurrency Global Markets Benzinga Fri, 07 May 2021 14:29:46 +0000 CME Group 21013342 at https://www.benzinga.com Mid-Morning Market Update: Markets Open Higher; US Adds Only 266,000 Jobs In April https://www.benzinga.com/news/earnings/21/05/21013197/mid-morning-market-update-markets-open-higher-us-adds-only-266-000-jobs-in-april <p>Following the market opening Friday, the Dow traded up 0.40% to 34,686.06 while the NASDAQ rose 1.16% to 13,790.95. The S&amp;P also rose, gaining 0.69% to 4,230.68.</p> <p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,605,480 cases with around 580,060 deaths. India confirmed a total of at least 21,491,590 cases and 234,080 deaths, while Brazil reported over 15,003,560 COVID-19 cases with 416,940 deaths. In total, there were at least 156,151,460 cases of COVID-19 worldwide with more than 3,258,410 deaths, according to data compiled by Johns Hopkins University.</p> <p> <strong>Leading and Lagging Sectors</strong></p> <p> Health care shares rose 1.2% on Friday. Meanwhile, top gainers in the sector included <strong> iBio, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibio#NYSE">IBIO</a>), up 19%, and <strong> Epizyme, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/epzm#NASDAQ">EPZM</a>), up 21%.</p> <p> In trading on Friday, financial shares fell 0.2%.</p> <p> <strong>Top Headline</strong></p> <p>The Bureau of Labor Statistics released employment data for the month of April.</p> <p>The nonfarm payroll number came in at +266,000, well worse than consensus economist expectations of +1 million. The unemployment rate increased by 0.1% to 6.1%. April&rsquo;s job growth represents a sharp drop from the 770,000 jobs ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/21013197/mid-morning-market-update-markets-open-higher-us-adds-only-266-000-jobs-in-april alt=Mid-Morning Market Update: Markets Open Higher; US Adds Only 266,000 Jobs In April>Full story available on Benzinga.com</a></p> CCXI CGAU Earnings EPZM IBIO IHT LMFA Mid-Morning Market Update News ORPH Penny Stocks RHE Eurozone Commodities Small Cap Global Intraday Update Markets IHT US4579191085 IBIO US4510331048 CCXI EPZM LMFA RHE ORPH CGAU News Earnings Penny Stocks Eurozone Commodities Small Cap Global Intraday Update Markets Benzinga Fri, 07 May 2021 14:21:39 +0000 Lisa Levin 21013197 at https://www.benzinga.com How Investors Now Use Stablecoins To Beat The Market https://www.benzinga.com/markets/cryptocurrency/21/05/21013184/how-investors-now-use-stablecoins-to-beat-the-market <p>According to the official statistics, a whopping 67% of eToro traders fail to make money trading on the platform. Likewise, on the whole, less than 10% of users successfully make a living from cryptocurrency trading &mdash; contrary to popular opinion.&nbsp;</p> <p>While this is largely down to the unpredictable volatility of cryptocurrencies &mdash; which can result in dramatic price swings most traders fail to capitalize on. This has led to the development of a new type of low-risk cryptocurrency that now look to leverage price-stable assets to generate a healthy return.&nbsp;</p> <h2>Earning Liquidity Rewards</h2> <p>Although decentralized exchanges are nothing new in the cryptocurrency space, it wasn&rsquo;t until only relatively recently that we had decentralized exchanges that could compete on a more or less even footing with centralized incumbents.&nbsp;</p> <p>With the advent of automated market makers (AMMs) like Uniswap and PancakeSwap, traders were given the opportunity to trade whichever assets they want without having to fork over custody of their assets to a centralized intermediary. But more than this, these AMMs also provided users a way to turn a relatively safe passive income in the form of liquidity provider (LP) rewards for the first time.&nbsp;</p> <p>These LP rewards are derived from the trading fee derived from any exchanges conducted in pools these traders provide liquidity to. In total, it is a relatively simple task to earn 5-15% APY by providing liquidity to pure stablecoin liquidity pools, such as Uniswap&rsquo;s USDT/USDC pool or PancakeSwap&rsquo;s BUSD/USDT pool.&nbsp;</p> <p>But it doesn&rsquo;t stop there as novel platforms are increasingly looking for ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/05/21013184/how-investors-now-use-stablecoins-to-beat-the-market alt=How Investors Now Use Stablecoins To Beat The Market>Full story available on Benzinga.com</a></p> Bitcoin Crypto cryptocurrencies Cryptocurrency DeFi marketacross News Stablecoins Global Markets News Cryptocurrency Global Markets Benzinga Fri, 07 May 2021 14:21:08 +0000 Luis Aureliano 21013184 at https://www.benzinga.com A Peek Into The Markets: US Stock Futures Edge Higher; All Eyes On Jobs Report https://www.benzinga.com/news/earnings/21/05/21008322/a-peek-into-the-markets-us-stock-futures-edge-higher-all-eyes-on-jobs-report <p><strong>Pre-open movers</strong></p> <p>U.S. stock futures traded slightly higher in early pre-market trade ahead of the highly-anticipated jobs report for April. Investors are awaiting earnings results from<strong>Lear Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lea#NYSE">LEA</a>) and <strong> American Axle &amp; Mfg Hldgs</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>).</p> <p>Analysts expect a rise of 938,000 for April nonfarm payrolls following March&#39;s increase of 916,000. The unemployment rate is projected to drop to 5.8% from 6%. Data on wholesale inventories for March will be released at 10:00 a.m. ET, while data on consumer credit for March will be released at 3:00 p.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 9:00 a.m. ET.</p> <p>Futures for the Dow Jones Industrial Average rose 36 points to 34,478.00 while the Standard &amp; Poor&rsquo;s 500 index futures gained 5.50 points at 4,199.75. Futures for the Nasdaq 100 index climbed 24 points to 13,621.75.</p> <p>The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 32,605,020 with around 580,060 deaths. India reported ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/21008322/a-peek-into-the-markets-us-stock-futures-edge-higher-all-eyes-on-jobs-report alt=A Peek Into The Markets: US Stock Futures Edge Higher; All Eyes On Jobs Report>Full story available on Benzinga.com</a></p> A Peek Into The Markets ALB AXL CI Earnings EXPE Health Care Health Care Distributors LEA MCK MNST News Eurozone Futures Small Cap Global Pre-Market Outlook Markets EXPE US30212P1057 ALB US0126531013 AXL US0240611030 CI US1255091092 LEA US5218652049 MCK US58155Q1031 MNST News Earnings Eurozone Futures Small Cap Global Pre-Market Outlook Markets Benzinga Fri, 07 May 2021 10:04:25 +0000 Lisa Levin 21008322 at https://www.benzinga.com Exclusive: Why Citron Research's Andrew Left Says Jumia Could Be Buyout Target https://www.benzinga.com/trading-ideas/long-ideas/21/05/20999537/exclusive-why-citron-researchs-andrew-left-says-jumia-could-be-buyout-target <p>Citron Research&#39;s Andrew Left&nbsp;appeared on&nbsp;<a href="https://www.youtube.com/watch?v=6DXPEtF09kU">Benzinga&#39;s YouTube show &quot;PreMarket Prep At The Close&quot;</a>&nbsp;Thursday to discuss <strong>Jumia Technologies AG</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jmia#NYSE">JMIA</a>) in&nbsp;an exclusive interview.</p> <p>Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies&nbsp;in&nbsp;financials, fraudulent orders and inefficiencies.&nbsp;</p> <p>Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.</p> <p>The report&nbsp;cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward.&nbsp;</p> <p>Left told Benzinga Thursday that the reasons behind Citron&#39;s shift&nbsp;on Jumia&nbsp;that have been reported don&#39;t accurately reflect what he sees in the stock as of now.</p> <p><strong>Left On African E-Commerce: </strong>In the last three&nbsp;months, <strong>Amazon.com Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), <strong>Facebook Inc </strong>(NASDAQ: <a ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/21/05/20999537/exclusive-why-citron-researchs-andrew-left-says-jumia-could-be-buyout-target alt=Exclusive: Why Citron Research&#039;s Andrew Left Says Jumia Could Be Buyout Target>Full story available on Benzinga.com</a></p> AMZN Andrew Left Citron Research FB GOOG GOOGL JMIA Long Ideas MSFT News PreMarket Prep At The Close Global Top Stories Exclusives Trading Ideas Interview AMZN US0231351067 GOOG US38259P7069 MSFT US5949181045 FB GOOGL US38259P5089 JMIA Long Ideas News Global Top Stories Exclusives Trading Ideas Interview Benzinga Thu, 06 May 2021 20:22:04 +0000 Adam Eckert 20999537 at https://www.benzinga.com Mid-Afternoon Market Update: Dow Jumps 100 Points; Fastly Shares Slide https://www.benzinga.com/news/earnings/21/05/20997443/mid-afternoon-market-update-dow-jumps-100-points-fastly-shares-slide <p>Toward the end of trading Thursday, the Dow traded up 0.31% to 34,337.14 while the NASDAQ fell 0.61% to 13,498.90. The S&amp;P also rose, gaining 0.07% to 4,170.56.</p> <p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,558,060 cases with around 579,280 deaths. India confirmed a total of at least 21,077,410 cases and 230,160 deaths, while Brazil reported over 14,930,180 COVID-19 cases with 414,390 deaths. In total, there were at least 155,261,330 cases of COVID-19 worldwide with more than 3,243,960 deaths, according to data compiled by Johns Hopkins University.</p> <p> <strong>Leading and Lagging Sectors</strong></p> <p> Consumer staples shares rose 1.1% on Thursday. Meanwhile, top gainers in the sector included <strong> Ambev S.A. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abev#NYSE">ABEV</a>), up 11%, and <strong> Nu Skin Enterprises, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nus#NYSE">NUS</a>), up 9%.</p> <p> In trading on Thursday, health care shares fell 0.6%.</p> <p> <strong>Top Headline</strong></p> <p><strong>Kellogg Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) reported <a href="https://www.benzinga.com/news/earnings/21/05/20981905/earnings-scheduled-for-may-6-2021/"><em> better-than-expected</em></a> earnings for its first quarter and raised its FY21 guidance.</p> <p>Kellogg reported quarterly earnings of $1.11 per share, beating analysts&rsquo; estimates of $0.96 per share. The company&rsquo;s quarterly sales came in at $3.58 billion, versus expectations of $3.38 billion.</p> <p>Kellogg raised ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/20997443/mid-afternoon-market-update-dow-jumps-100-points-fastly-shares-slide alt=Mid-Afternoon Market Update: Dow Jumps 100 Points; Fastly Shares Slide>Full story available on Benzinga.com</a></p> ABEV AVID Earnings FSLY JRVR K LEDS Mid-Afternoon Market Update MITO News NUS Penny Stocks YELL Eurozone Commodities Small Cap Global Intraday Update Markets AVID US05367P1003 K US4878361082 NUS US67018T1051 LEDS US8166451059 ABEV JRVR MITO FSLY YELL News Earnings Penny Stocks Eurozone Commodities Small Cap Global Intraday Update Markets Benzinga Thu, 06 May 2021 18:33:20 +0000 Lisa Levin 20997443 at https://www.benzinga.com VanEck, BetaShares Apply For Aussie Bitcoin ETFs https://www.benzinga.com/markets/cryptocurrency/21/05/20989664/vaneck-betashares-apply-for-aussie-bitcoin-etfs <p>Financial services firms VanEck and BetaShares have filed with Australian regulators to launch exchange-traded funds backed by <strong>Bitcoin</strong> (CRYPTO: BTC) and other crypto assets.</p> <p><strong>What Happened:</strong>&nbsp;The Australian Financial Review <a href="https://www.afr.com/companies/financial-services/vaneck-betashares-in-race-for-bitcoin-etf-20210504-p57ou5">reports</a> that VanEck and BetaShares both filed with the&nbsp;Australian Securities Exchange (ASX) to launch&nbsp;the country&rsquo;s first cryptocurrency-backed ETFs.</p> <p>The regulator received multiple applications for the launch of such&nbsp;products after it dismissed speculation that it would oppose their launch.</p> <p>VanEck Asia-Pacific chief executive Arian Neiron ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/05/20989664/vaneck-betashares-apply-for-aussie-bitcoin-etfs alt=VanEck, BetaShares Apply For Aussie Bitcoin ETFs>Full story available on Benzinga.com</a></p> $BTC Cryptocurrency News Global Markets Media $BTC News Cryptocurrency Global Markets Media Benzinga Thu, 06 May 2021 16:43:53 +0000 Adrian Zmudzinski 20989664 at https://www.benzinga.com Mid-Day Market Update: Avid Technology Surges After Q1 Results; James River Group Shares Plunge https://www.benzinga.com/news/earnings/21/05/20994002/mid-day-market-update-avid-technology-surges-after-q1-results-james-river-group-shares-plunge <p>Midway through trading Thursday, the Dow traded up 0.09% to 34,260.47 while the NASDAQ fell 0.71% to 13,486.11. The S&amp;P also fell, dropping 0.19% to 4,159.47.</p> <p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 32,558,060 cases with around 579,280 deaths. India confirmed a total of at least 21,077,410 cases and 230,160 deaths, while Brazil reported over 14,930,180 COVID-19 cases with 414,390 deaths. In total, there were at least 155,261,330 cases of COVID-19 worldwide with more than 3,243,960 deaths, according to data compiled by Johns Hopkins University.</p> <p> <strong>Leading and Lagging Sectors</strong></p> <p> Consumer staples shares rose 0.9% on Thursday. Meanwhile, top gainers in the sector included <strong> Ambev S.A. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abev#NYSE">ABEV</a>), up 10%, and <strong> Kellogg Company </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>), up 7%.</p> <p> In trading on Thursday, energy shares fell 1.1%.</p> <p> <strong>Top Headline</strong></p> <p><strong>Kellogg Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) reported <a href="https://www.benzinga.com/news/earnings/21/05/20981905/earnings-scheduled-for-may-6-2021/"><em> better-than-expected</em></a> earnings for its first quarter and raised its FY21 guidance.</p> <p>Kellogg reported quarterly earnings of $1.11 per share, beating analysts&rsquo; estimates of $0.96 per share. The company&rsquo;s quarterly sales came in at $3.58 billion, versus expectations of $3.38 billion.</p> <p>Kellogg raised its FY21 organic net sales guidance from down ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/20994002/mid-day-market-update-avid-technology-surges-after-q1-results-james-river-group-shares-plunge alt=Mid-Day Market Update: Avid Technology Surges After Q1 Results; James River Group Shares Plunge>Full story available on Benzinga.com</a></p> ABEV AVID Earnings JRVR K LEDS Mid-Day Market Update MITO News Penny Stocks RGS YELL Eurozone Commodities Small Cap Global Intraday Update Markets AVID US05367P1003 K US4878361082 RGS US7589321071 LEDS US8166451059 ABEV JRVR MITO YELL News Earnings Penny Stocks Eurozone Commodities Small Cap Global Intraday Update Markets Benzinga Thu, 06 May 2021 16:10:36 +0000 Lisa Levin 20994002 at https://www.benzinga.com $2.25 Million Raised For Moma Protocol's Infinite Liquidity And Permissionless Lending https://www.benzinga.com/markets/cryptocurrency/21/05/20991808/2-25-million-raised-for-moma-protocols-infinite-liquidity-and-permissionless-lending <p>Moma Protocol is opening the door to a wealth of assets to enter decentralized lending. The implications this poses for the defi community are significant as whispers of infinite liquidity abound.&nbsp;</p> <p>According to its CEO and Founder, Ocean Liao, Moma will provide &ldquo;an expandable, scalable and flexible infrastructure for the defi world in 5-10 years, in a way that everyone can freely participate.&rdquo; Thanks to a round of funding led by Fundamental Labs, SevenX Ventures, and a host of big names in crypto, $2.25 million has been acquired for the protocol&rsquo;s fully operational launch in Q2 2021.&nbsp;</p> <h2>More Decentralized Lending, More Decentralized Trade</h2> <p>While lending protocols have proven themselves one of the backbones of defi, their asset spread can be described as less than decentralized. Currently, just a few currencies like Bitcoin, Ether, and the most popular stablecoins are commonly deposited and borrowed against in kind. Now, the world is about to find out what happens when anything can be taken to the defi pawn shop.</p> <p>Already running in beta, Moma&rsquo;s official launch will allow a growing defi community the space to activate a plethora of unused assets, beyond the big-name ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/05/20991808/2-25-million-raised-for-moma-protocols-infinite-liquidity-and-permissionless-lending alt=$2.25 Million Raised For Moma Protocol&#039;s Infinite Liquidity And Permissionless Lending>Full story available on Benzinga.com</a></p> Cryptocurrency DeFi Lending marketacross News Guidance Global Markets News Cryptocurrency Guidance Global Markets Benzinga Thu, 06 May 2021 14:41:07 +0000 Luis Aureliano 20991808 at https://www.benzinga.com AUD/USD Advanced Within Range, Upside Limited By 0.7820 https://www.benzinga.com/news/earnings/21/05/20991717/audusd-advanced-within-range-upside-limited-by-0-7820 <h2>AUD/USD Current Price: 0.7741</h2> <ul> <li><strong>Australian data showed signs of further improvement at the beginning of Q2.</strong></li> <li><strong>The aussie advanced on sentiment, following the lead of US indexes.</strong></li> <li><strong>AUD/USD advanced within range, upside limited by 0.7820.</strong></li> </ul> <p><a href="https://www.fxstreet.com/rates-charts/chart-interactive?asset=audusd&amp;config=https://editorial.blob.core.windows.net:443/chartconfigs/valeria/audusdValeriaBednarik4h.json" target="_blank"><img alt="" src="https://editorial.fxstreet.com/miscelaneous/XmZSDLv7ArnnRryNDZs6B675N7GHF31vyX91lUE0/AUD_USD-637558398727568822.png" style="height:320px; width:640px" /></a></p> <p>The AUD/USD pair keeps seesawing between gains and losses, ending Wednesday with modest gains in the 0.7740 price zone. Australian macroeconomic figures released at the beginning of the day were mostly encouraging. The AIG Performance of Construction ...</p><p><a href=https://www.benzinga.com/news/earnings/21/05/20991717/audusd-advanced-within-range-upside-limited-by-0-7820 alt=AUD/USD Advanced Within Range, Upside Limited By 0.7820>Full story available on Benzinga.com</a></p> AUD/USD Australia Australian dollar Earnings FXStreet News Global Markets News Earnings Global Markets Benzinga Thu, 06 May 2021 14:36:26 +0000 Valeria Bednarik - Chief Analyst at FXStreet 20991717 at https://www.benzinga.com Pfizer And BioNTech Donate COVID-19 Vaccine To Tokyo Olympians https://www.benzinga.com/news/21/05/20989261/pfizer-and-biontech-donate-covid-19-vaccine-to-tokyo-olympians <p><strong>Pfizer Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and <strong>BioNTech SE</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) are donating doses of their COVID-19 vaccine to athletes participating in this summer&rsquo;s Olympic and Paralympic Games in Tokyo.</p> <p><strong>What Happened:</strong> The pharmaceutical companies have signed a Memorandum of Understanding with the International Olympic Committee (IOC) to facilitate the vaccinations in conjunction with the National Olympic Committees that are sending athletes to the quadrennial events.</p> <p>According to the companies, the delivery of initial doses to participating delegations is expected to begin at the end of this month. The donation of vaccine doses will not impact the vaccination quantities determined ...</p><p><a href=https://www.benzinga.com/news/21/05/20989261/pfizer-and-biontech-donate-covid-19-vaccine-to-tokyo-olympians alt=Pfizer And BioNTech Donate COVID-19 Vaccine To Tokyo Olympians>Full story available on Benzinga.com</a></p> BNTX COVID-19 Vaccine News PFE Tokyo Olympics Tokyo Paralympics Health Care Sports Global General PFE US7170811035 BNTX News Health Care Sports Global General Benzinga Thu, 06 May 2021 14:20:50 +0000 Phil Hall 20989261 at https://www.benzinga.com