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KW

Kennedy Wilson (NYSE:KW), a global real estate investment company, has completed the construction of three major residential developments in Dublin, Ireland. These developments have added approximately 800 units to Kennedy Wilson's Irish multifamily portfolio, which now totals over 3,300 units. The company also has another 232 units under development.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:12 am

CART

Online grocery delivery company, Instacart, is targeting a valuation between $8.6 billion to $9.3 billion in its upcoming IPO, a significant decrease from its previous worth. The shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. The IPO valuation is a stark contrast to the nearly $39 billion Instacart secured in a 2021 fundraising round, reflecting a broader trend of falling valuations for high-growth startups.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 7:00 am

GM

TSLA

VWAGY

Tesla CEO Elon Musk has predicted that legacy automakers like Volkswagen and General Motors could become obsolete unless they transition to autonomous electric vehicles. Musk has previously noted the slow pace of EV adoption by these companies.

Portfolio Pulse from Anan Ashraf

September 11, 2023 | 4:39 am

DWAC

Former President Donald Trump criticized the Wall Street Journal and Fox News on Truth Social, a platform owned by Trump Media & Technology Group (TMTG). TMTG is set to go public by merging with Digital World Acquisition Corp (NASDAQ:DWAC). Trump challenged several figures, including President Joe Biden and Rupert Murdoch, to a mental acuity test, expressing discontent with a recent Wall Street Journal poll on perceived cognitive issues with Biden.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 1:16 am

META

MSFT

Meta Platforms Inc. is developing a new artificial intelligence (AI) system that aims to be as powerful as the most advanced model offered by OpenAI, according to the Wall Street Journal. This move is seen as part of the escalating technology race among major tech companies.

Portfolio Pulse from Charles Gross

September 10, 2023 | 9:04 pm

VTRO

Vitro Biopharma, Inc (NASDAQ:VTRO) is set to become publicly listed on Sept. 13, 2023, with a price range set between $5.00 and $6.00. The company will be offering 1,818,000 shares at a per-share value of $5.50. The IPO comes with a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

September 10, 2023 | 8:32 pm

JPM

JPMorgan has lowered its Bitcoin production cost estimate to $18,000 from $21,000 following a revision in the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology. The new methodology assumes that not all mining equipment contributing to Bitcoin's hash rate should be treated equally. The sensitivity of Bitcoin production cost to electricity costs is expected to double following the 2024 Bitcoin halving event, which will cut the rewards miners receive in half.

Portfolio Pulse from Khyathi Dalal

September 10, 2023 | 5:07 pm

YTRA

Yatra Online, an Indian online travel agency, is set to open its Initial Public Offering (IPO) on September 15. The company is listed on the US stock exchange under the symbol YTRA.

Portfolio Pulse from Charles Gross

September 10, 2023 | 2:12 pm

RBLX

Roblox Corporation (NYSE:RBLX) announced a strategic shift to expand beyond being a children's gaming platform during its annual developer's conference. The company introduced 'Roblox Connect', a feature that allows users to voice call as their avatars within a shared digital environment. Roblox also plans to release ML-powered tools for creators and a conversational AI called 'Assistant'. The company intends to revamp marketplace fees next year, allowing creators to retain more from their sales. Roblox is also expanding its device compatibility, with recent integrations with Meta Quest and upgrades to the Xbox app.

Portfolio Pulse from Nabaparna Bhattacharya

September 09, 2023 | 10:17 pm

CVS

UNH

WMT

Walmart Inc. is reportedly considering acquiring a majority stake in ChenMed, a provider of primary care clinics for senior citizens. The deal could value ChenMed at several billion dollars, marking one of Walmart's most significant investments in the healthcare sector. The companies are in the initial phase of discussions. This move aligns with Walmart's strategy to transform healthcare, as stated by CEO Doug McMillon. The acquisition would add significant value to Walmart's healthcare portfolio, which saw a 2.7% increase in spending in 2021 to $4.3 trillion.

Portfolio Pulse from Nabaparna Bhattacharya

September 09, 2023 | 3:46 pm