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LCID

Lucid Group Inc (NASDAQ:LCID) shares dropped Tuesday morning after a 27% rally on Monday. The decline follows a broader EV sector weakness, influenced by Tesla's disappointing financial results. Lucid's upcoming Q4 financial report is expected to show a loss of 29 cents per share. A new partnership with Ma'aden Rolling for aluminum sheets and the appointment of Matt Everitt as General Counsel are recent positive developments. Technical analysis suggests Lucid's stock is below its 200-day moving average, indicating a bearish signal.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 2:48 pm

AMZN

Amazon has announced that the average pay for its customer fulfillment and operations roles is now over $20.50 per hour, marking a more than 50% increase over the past five years. This update highlights Amazon's commitment to competitive compensation for these positions.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:28 pm

SQ

Block Inc (NYSE:SQ) saw its shares rise in premarket trading after an upgrade from Wedbush analyst Moshe Katri, who changed the rating from Neutral to Outperform and increased the price target from $70 to $90. Katri highlighted Block's focus on financial discipline, internal efficiencies, and GAAP earnings, including initiatives such as capping employee headcount, reducing corporate overhead, and terminating unprofitable businesses. Management's efforts are expected to lead to Block's strongest year of profitability in 2024, with significant margin expansion and a substantial increase in adjusted operating income and EBITDA.

Portfolio Pulse from Priya Nigam

January 30, 2024 | 2:27 pm

SHIP

Seanergy Maritime Holdings, through its subsidiary Seanergy Shipmanagement, has joined the SAFeCRAFT Project Consortium, which is EU funded. Seanergy will retrofit one of its Capesize vessels to use hydrogen for electric power generation and partial propulsion, aiming to reduce dependence on conventional fuels.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:14 pm

FFBC

First Financial Bank has entered into a new $2.4 billion five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition and related partner organizations. This follows the bank's overachievement of its previous $1.75 billion goal for 2018-2023, where it reached 192% of the target in lending and investments.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:12 pm

RVSN

Rail Vision has unveiled a new AI computer designed to enhance railway safety and prevent accidents through high-performance, real-time AI deep learning inferencing.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:05 pm

MSFT

Microsoft CEO Satya Nadella has expressed concerns over AI-generated explicit deepfakes of Taylor Swift, calling the situation 'alarming and terrible.' In an NBC Nightly News interview, he highlighted the need for tech companies to implement safeguards and proposed a global agreement for content regulation. The controversy underscores the misuse of AI technology, with incidents of nonconsensual explicit images spreading on social media. Microsoft's Designer image generator is speculated to have been used to create such images, although this is unconfirmed.

Portfolio Pulse from Rounak Jain

January 30, 2024 | 2:04 pm

CEI

Camber Energy has received a purchase order for its VKIN-Ozone patented waste treatment system, indicating potential revenue growth and market interest in its environmental technology.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:40 pm

BSGM

BioSig Technologies, Inc. has announced initiatives to reduce its cash burn by 50%. The company is implementing cost reduction strategies to improve its financial stability and extend its cash runway. This move is likely in response to current market conditions and the need to optimize operations for long-term success.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:35 pm

NHWK

NightHawk has generated $3.25 million in proceeds through the sale of non-core intellectual property and the issuance of a low-interest bearing note. This move is part of the company's strategy to streamline its operations and focus on its core business areas.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:27 pm