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AMC

AMC Entertainment Holdings Inc (NYSE:AMC) reported Q1 financial results with revenue of $951.4 million, surpassing estimates, and a loss of 78 cents per share, slightly better than expected. Despite a 6% decline in North American box office sales, AMC grew its domestic market share and per patron profitability. CEO Adam Aron remains optimistic about recovery, citing the impact of Hollywood strikes but looking forward to a strong film lineup in the coming years. AMC plans to reduce debt and has announced a Listening Event with Billie Eilish. Shares fell 4.08% to $3.06.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:15 pm

AREB

American Rebel has entered into a distribution agreement with Bonbright Distributors to expand its presence in nine counties in the Dayton, Ohio area. This strategic move aims to enhance American Rebel's market penetration and visibility in a key regional market.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:10 pm

WIX

Wix.com Ltd (NASDAQ:WIX) announced the launch of its AI Portfolio Creator, a tool that uses AI to help users quickly and professionally create online portfolios. This new solution allows for easy organization and display of media online by simply inputting a few words. The AI technology streamlines the portfolio creation process, enabling users to upload and organize extensive image collections effortlessly. Hani Safe, Head of Wix Portfolio, highlighted the tool's potential to enhance users' ability to showcase work, expand audience reach, and open new income streams.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 1:00 pm

RANI

Rani Therapeutics Holdings, Inc. (RANI), a clinical-stage biotherapeutics company, announced its participation in Digestive Disease Week 2024, where it will present data on the oral delivery of an ustekinumab biosimilar via its RaniPill capsule. The presentations will cover both clinical and preclinical data demonstrating the high bioavailability of the orally administered ustekinumab biosimilar compared to subcutaneous injections in humans and canines.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:00 pm

TGL

Treasure Global's subsidiary ZCITY has secured a $2M marketing contract from Satria Dunia Sdn Bhd to promote Korean beauty products using its AI Marketing Engine. This development highlights the capabilities of ZCITY's technology in leveraging artificial intelligence for marketing purposes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:04 pm

AFRM

Affirm Holdings Inc's CEO, Max Levchin, highlighted the company's heavy investment in AI chatbots, favored by Gen Z for customer service, during an earnings call. Levchin noted the chatbots' popularity for quick queries and their role in scaling customer service efficiently. He also mentioned a successful test of an AI-based assistant, resulting in less than 40% of users needing human assistance. The move aligns with broader trends of AI integration across sectors to enhance customer service and operational efficiency.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 11:32 am

BTCUSD

ETHUSD

Donald Trump, during a campaign speech, endorsed cryptocurrencies and expressed his intention to allow crypto donations to his 2024 campaign. He also commented negatively on a meme coin parodying Joe Biden, which then surged over 14%. Trump's crypto portfolio is valued over $5.6 million, including MAGA Coin, Ethereum, Wrapped Ether, and other memecoins. His stance on Bitcoin has softened, contrasting with the Biden administration's veto against legislation for financial institutions to hold cryptocurrencies. Standard Chartered predicts a positive outlook for cryptocurrencies if Trump is re-elected.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 8:10 am

AAPL

Apple Inc.'s new iPad advertisement, showcasing the destruction of creative tools by a new iPad, has faced backlash from the creator community. Critics argue it symbolizes the replacement of human creativity with artificial intelligence. Despite the controversy, Apple continues to promote its latest iPad models, including the iPad Pro with the M4 chip and the iPad Air with the M2 chip, aiming to drive growth in its iPad business.

Portfolio Pulse from Kaustubh Bagalkote

May 09, 2024 | 8:07 am

DOGEUSD

FLOKIUSD

SHIBUSD

Floki, a cryptocurrency named after Elon Musk's dog, has become the title sponsor for the upcoming cricket series between Ireland and Pakistan, signaling its growing mainstream penetration, especially in sports. This partnership, along with previous sponsorships in cricket, aims to boost Floki's brand awareness and adoption among sports fans. Floki is trading up, contrasting with other meme cryptocurrencies like Dogecoin and Shiba Inu, which have lost value. Floki's efforts to add utility to its token, including a staking service and an asset tokenization platform, TokenFi, are part of its strategy to transcend the meme coin category.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 7:20 am

JSDA

Jones Soda Co. (OTC:JSDA) has entered into a multi-year partnership with Street League Skateboarding (SLS) to integrate its craft sodas and cannabis-infused beverages into SLS events, including venues and athlete activations for the 2024 and 2025 seasons. The partnership also introduces 'SLS Futures', a youth development program sponsored by Jones Soda, aimed at nurturing young skateboarders. This collaboration is expected to enhance fan experiences and build on the growing popularity of SLS, following a record-breaking season with over 15 million viewers for the SLS Super Crown World Championship.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 2:25 am