Streetbeat News

Marketing

UL

Unilever Plc (NYSE:UL) CEO Hein Schumacher, supported by billionaire Nelson Peltz, is committed to revitalizing the company through a strategic focus on its top 30 brands, streamlining its workforce, and executing a growth action plan. Despite investor skepticism and a history of underperformance, Schumacher is optimistic about the future, emphasizing systematic marketing and operational efficiency. The company has initiated a €1.5 billion share buyback and reported a 7.0% underlying sales growth in FY23. Unilever also plans to sell its Elida Beauty Business to Yellow Wood Partners LLC.

Portfolio Pulse from Vandana Singh

February 12, 2024 | 1:15 pm

BMR

NVDA

Beamr Imaging announced its collaboration with NVIDIA to present joint research on automated video modernization at the ACM Mile-High-Video 2024 Conference. This partnership highlights the integration of Beamr's technology with NVIDIA's advanced computing platforms to enhance video processing capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:01 pm

TSLA

Gary Black of Future Fund criticized Tesla, Inc. (NASDAQ:TSLA) for not advertising during the Super Bowl, arguing the potential for significant follow-up interest outweighs the cost. Tesla opted to cut the price of Model Y by $1,000 in the US instead, spending $40M for a month. Black advocates for advertising to educate on EV benefits, despite Tesla's historical direct sales model preference. Tesla's absence from the Super Bowl is defended by supporters, noting the brand's strong presence and the spike in popularity when rivals advertise EVs during the event.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 8:25 am

SEALSQ

SEALSQ enters the AI chip market with an advanced AIoT strategy, combining AI and IoT technologies into a fully integrated platform. This move aims to revolutionize digital transformation and innovation for its customers through a foundation of semiconductors, smart sensors, IoT systems, AI technologies, and an expansive data cloud.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:08 am

BTCUSD

President Joe Biden's post on X featuring 'laser eyes', a popular meme among Bitcoin supporters, has sparked discussions in the cryptocurrency community. The gesture, following the Kansas City Chiefs' Super Bowl victory, is seen by some as a nod to Bitcoin. The 'laser eyes' meme, symbolizing enthusiasm for Bitcoin, has been adopted by various celebrities and even President Nayib Bukele of El Salvador. BTC's price saw a slight increase of 0.12% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 6:39 am

TSLA

The Dawn Project launched a Super Bowl ad campaign targeting Tesla Inc. (NASDAQ:TSLA) for safety issues with its self-driving software. The ads, featuring real crash footage, urge a boycott of Tesla, highlighting the company's inaction following fatal crashes and the NHTSA's calls for a ban on the software. This campaign is part of ongoing efforts to raise safety concerns about Tesla's Full Self-Driving software.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 6:10 am

BTCUSD

Edward Snowden, known for his critical views on privacy and government surveillance, expressed his interest in the Bitcoin market over the Super Bowl LVIII, highlighting his focus on the cryptocurrency's chart. This year's Super Bowl lacked advertisements from major crypto firms, a departure from previous years. Jack Dorsey, co-founder of Twitter and Block Inc, made a subtle nod to Bitcoin by wearing a 'Satoshi' sweatshirt at the event. Bitcoin's value saw a significant increase, reaching over $48,000, coinciding with the Lunar New Year celebrations in Asia. The cryptocurrency market has seen a surge in investment, particularly in BTC Exchange Traded Funds (ETFs), which have attracted over a billion dollars, indicating a rising demand for Bitcoin. Notably, U.S. Spot Bitcoin ETFs experienced a substantial influx of funds, contrasting with the reduced outflows from GrayScale's Bitcoin Trust.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 3:58 am

BTCUSD

SQ

During Super Bowl LVIII, no crypto firms advertised, marking a shift from previous years. Block Inc's CEO, Jack Dorsey, was seen wearing a 'Satoshi' sweatshirt, highlighting his support for Bitcoin. Crypto exchanges like Kraken and Coinbase are diversifying their marketing strategies and focusing on global outreach and lobbying for crypto-friendly laws in the U.S., respectively. Major financial firms like BlackRock and Grayscale also opted out of Super Bowl ads despite recent approvals for Bitcoin Spot ETFs. Bitcoin's price saw a slight increase.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 3:12 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced a temporary $1000 price cut on the Model Y SUV to boost deliveries during the winter demand lull. The discount applies to the rear-wheel drive and long-range versions, with prices reverting on March 1. Musk aims to address manufacturing efficiency challenges and counter rumors about inventory clearance for a Model Y refresh.

Portfolio Pulse from Anan Ashraf

February 12, 2024 | 2:53 am

AAPL

Apple Inc. (NASDAQ:AAPL) has updated its Maps app to offer an immersive view of the Allegiant Stadium, the venue for Super Bowl LVIII, including the Apple Music Halftime Show. This feature is accessible on iPhone, iPad, or Mac devices, allowing users to virtually explore the stadium. The update highlights Apple's partnership with the NFL for the Super Bowl Halftime Show and its efforts to integrate its services into popular cultural events. Apple executives visited the Summerlin Apple Store in Las Vegas, emphasizing the company's involvement in the event.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 2:03 am