Streetbeat News

Marketing

BIGC

BigCommerce (NASDAQ:BIGC) has announced a strategic partnership with Marketplacer to launch the BigCommerce Marketplacer Connector, enabling customers to transform their online stores into multi-vendor marketplaces. This connector, developed by Web Force 5, allows for near-real-time syncing of seller data, cross-border scalability, low coding requirements, and rapid data exchange. The DOM, Australia's leading design outlet, has successfully integrated this solution to enhance its marketplace functionalities and improve customer experience. The partnership aims to help retailers increase sales, maximize revenue, and provide seamless shopping experiences.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:02 pm

DTC

Solo Brands, Inc. (NYSE:DTC) announced Christopher T. Metz as the new CEO effective January 15, 2024, replacing John Merris. The company also revised its FY23 revenue guidance downward from $520M-$540M to $490M-$500M, citing weaker sales in its direct channel. Interim CFO Andrea Tarbox acknowledged Q4 results below expectations and increased marketing investments that did not translate into expected sales, impacting EBITDA negatively.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:59 am

AMGN

BMY

MRNA

SRPT

VRTX

XBI

The 42nd annual JPMorgan Healthcare Conference begins in San Francisco, with expectations of significant industry discussions, potential deal announcements, and company presentations. Past conferences have influenced M&A activity and stock volatility. Bristol-Myers Squibb, Vertex Pharmaceuticals, Amgen, Sarepta Therapeutics, and Moderna are among the companies presenting. The SPDR S&P Biotech ETF (XBI) has shown varied performance during past conferences, with individual stocks potentially experiencing volatility based on news from the event.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 11:04 am

ADXN

Addex Therapeutics is experiencing a premarket increase on low volume. The company is scheduled to present at the Biotech Showcase on Monday.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:32 am

TSLA

California-based AI startup Figure showcased its humanoid robot, Figure-01, making coffee autonomously in a video. The robot learned the task by observing humans for ten hours. Tesla's Optimus, which was recently upgraded, has improved physical capabilities but has not demonstrated coffee-making skills. Figure aims to use its robots for corporate tasks, to address labor shortages, and to perform unsafe tasks.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 10:19 am

AMBA

Ambarella is showcasing its new N1 SoC series, which can run multi-modal large language models at reduced power-per-inference. This technology is applicable in video security analysis, robotics, and various industrial applications.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:04 am

BTCUSD

The SEC has reissued a warning against FOMO investing in anticipation of potential approval of spot Bitcoin ETFs. The SEC's Office of Investor Education highlighted risks associated with cryptocurrencies, meme stocks, and NFTs. The warning, originally published in January 2021 and reiterated in March 2022, also addresses the impact of celebrity endorsements on investment decisions. The SEC has previously fined celebrities for undisclosed promotional payments, as seen with Kim Kardashian's $1.26 million settlement over Ethereum Max promotion.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 8:49 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) and Bitcoin (BTC) replicas are set to launch into space aboard ULA's Vulcan Centaur rocket on its maiden voyage. The mission includes Astrobotic's Peregrine lander aiming for the first U.S. lunar landing in over 50 years and the first by a private company. The Dogecoin Foundation and BitMex exchange founder Arthur Hayes have announced their respective cryptocurrency tokens as part of the cargo, symbolizing 'Bitcoin to the Moon.' At the time of writing, DOGE's price was down 3.07%.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 8:37 am

AAPL

ALK

An iPhone, likely an iPhone 14 Pro or iPhone 15 series model, survived a 16,000-feet drop from an Alaska Air Group, Inc. flight. The phone was found intact on the side of a road, still in airplane mode with half a battery and a baggage receipt for the flight displayed. This incident highlights the durability of Apple's iPhones, which have previously survived extreme conditions, such as a three-month submersion in a river. Apple has been known to improve the durability of its devices, as seen with the iPhone 15 Pro's use of Grade 5 titanium alloy.

Portfolio Pulse from Rounak Jain

January 08, 2024 | 7:58 am

LGEIY

ROKU

LG Electronics Inc (OTC:LGEIY) has introduced the LG Signature OLED T, a transparent OLED TV, at CES 2024, with plans to release it in the second half of 2024. The innovative TV features a transparent OLED panel and a retractable 'contrast screen' for a traditional picture. The announcement comes as LG faces increased competition in the TV market, particularly from Roku Inc. (NASDAQ:ROKU), which recently entered the high-end TV market. LG Display saw a 17% revenue decline in Q4 2023 due to macroeconomic conditions.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 7:44 am