Amazon.com Inc (NASDAQ:AMZN) has reportedly made a last-minute bid to acquire TikTok's US assets, according to a New York Times report citing sources with knowledge of the matter.
This comes as TikTok faces an April 5 deadline to divest from its Chinese parent company, ByteDance, or risk being banned in the US due to national security concerns.
Tesla Inc (NASDAQ:TSLA) shares rebounded late morning on Wednesday following an unconfirmed report Elon Musk could soon leave his position in the Trump administration’s Department of Government Efficiency (DOGE).
The Politico report, which cited Trump insiders, claimed that the president remains pleased with Musk and DOGE, but that in recent days the two men had decided it would soon be time for Musk to return to his businesses.
nCino (NASDAQ:NCNO) shares sank more than 23% after the cloud-based bank operating system’s fourth quarter earnings disappointed.
For the quarter, nCino posted earnings per share of $0.12, down from $0.21 in the year-ago quarter and missing estimates of $0.19.
Tesla Inc (NASDAQ:TSLA) reported first first-quarter vehicle deliveries significantly below analyst expectations, sending shares of the electric vehicle maker almost 5% lower in early trade on Wednesday.
The shares later picked up on reports that boss Elon Musk might be leaving his role with the Trump administration's 'department of government efficiency'.
Rivian Automotive Inc (NASDAQ:RIVN) has reported first quarter vehicle deliveries in line with prior guidance.
The company produced 14,611 vehicles at its Normal, Illinois facility and delivered 8,740 vehicles during the quarter ending March 31, aligning with guidance of 14,000 and 8,000 respectively.
BlackBerry (TSX:BB) shares plummeted after the cybersecurity firm issued a weaker-than-expected revenue outlook.
For Q1, BlackBerry said it expects revenue between $107 million and $115 million, below the consensus of $125.1 million.
Shares in Newsmax soared 179% after hours, extending the conservative news outlet’s stunning post-IPO rally.
The stock had already surged 735% on Monday after debuting at $10 per share on Friday.