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PLL

Piedmont Lithium (NASDAQ:PLL) has received approval from the North Carolina Department of Environmental Quality for a mining permit for the Carolina Lithium project in Gaston County, North Carolina. This permit allows for the construction, operation, and reclamation of the lithium project, which is crucial for the U.S. electric vehicle supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:56 am

BA

CRM

GE

GEV

MMM

GE has sold its historic Crotonville management academy as part of its corporate restructuring, marking a significant shift in corporate training paradigms. The sale, for $22 million to real-estate investors and family offices, reflects a broader trend among major companies like 3M, Boeing, and Salesforce, which are moving away from traditional in-person training retreats in favor of remote and on-site training methods. This move is seen as more efficient and cost-effective. GE Aerospace was launched as an independent company following the spin-off of GE Vernova Inc.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 10:40 am

MTB

M&T Bank's Common Equity Tier 1 (CET1) capital ratio saw an increase of 9 basis points, reaching an estimated 11.07% at the end of March 2024, up from 10.98% at the end of December 2023.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:25 am

VGK

Eurozone Industrial Production for February showed a month-on-month increase of 0.8%, aligning with estimates. This marks a recovery from the previous month's revised decline of -3.0%.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:42 am

EWY

SPY

SSNLF

The U.S. government is set to provide $6.4 billion in grants to Samsung Electronics as part of the Chips Act, aimed at bolstering semiconductor production.

Portfolio Pulse from Charles Gross

April 15, 2024 | 9:23 am

BYDDF

FXI

LI

NIO

TSLA

XPEV

China's electric vehicle (EV) charging infrastructure saw steady growth in Q1 2024, according to industry data. This development is significant for companies involved in the EV sector, particularly those operating in or exporting to China.

Portfolio Pulse from Charles Gross

April 15, 2024 | 9:19 am

GPI

Group 1 Automotive (GPI) has announced a definitive agreement to acquire Inchcape plc's U.K. automotive retailing business, including 54 dealership locations and related real estate, for $439 million in cash. The acquisition, subject to Financial Conduct Authority approval, is expected to close in Q3 2024. Inchcape U.K. dealerships generated $2.7 billion in annual revenues in 2023.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 6:37 am

IONR

Ioneer's Rhyolite Ridge Project has moved closer to construction following the release of the Draft Environmental Impact Statement (EIS). This development marks a significant step forward for the project, potentially accelerating its timeline towards construction and operation.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 6:08 am

GS

Goldman Sachs Group, Inc. (NYSE:GS) is anticipated to report lower Q1 earnings at $8.56 per share compared to $8.79 the previous year, with revenue expected to rise to $12.92 billion from $12.22 billion. The firm aims to expand its private credit portfolio to $300 billion in five years. Shares fell 2% recently. Analysts from JMP Securities, Keefe, Bruyette & Woods, RBC Capital, Oppenheimer, and BMO Capital have provided varied ratings and price targets for GS.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 5:50 am

DOGE-USD

Cryptocurrency social media personality, Yomi, highlighted the importance of a green week for Dogecoin (CRYPTO: DOGE) to achieve the anticipated Golden Cross, a bull market milestone. Despite recent setbacks with two consecutive red weeks, Dogecoin remains on a path to recovery, needing several weeks of upward price action. The cryptocurrency has seen a significant year-to-date increase of over 77%, outpacing companies like Pinterest and DraftKings in market cap. The upcoming DOGE Day on April 20 is expected to further boost its market position.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:50 am