Streetbeat News

Marketing

TPB

Zig-Zag, the renowned rolling paper brand, has launched its 'Vintage' apparel collection as a tribute to its long-standing history in the smoking industry. The collection includes a variety of streetwear items featuring classic Zig-Zag iconography. The brand is licensed in the U.S. and Canada by North Atlantic Operating Company, L.P., a subsidiary of Turning Point Brands, Inc. (NYSE:TPB). The launch comes ahead of Zig-Zag's 145th anniversary in 2024 and aligns with consumer demand, potentially aiding in the brand's expansion into new segments. Turning Point Brands' stock saw a slight increase of 0.88% to $24.11 per share on Thursday afternoon.

Portfolio Pulse from Joana Scopel

December 07, 2023 | 9:17 pm

NXST

NewsNation and The CW Network attracted over 4 million viewers for the GOP Presidential primary debate, with NewsNation achieving a record 1.6 million viewers and The CW hitting its highest primetime audience since 2018. The debate was particularly successful in the New York City market. NewsNation's growth is highlighted by a 73% increase in total viewers and a 90% rise among adults 25 to 54 in weekday primetime year-to-date. The event's success is a testament to the network's growth since its inception three years ago.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 8:39 pm

AMZN

Amazon is testing a new grocery subscription service for Prime members, according to CNBC. This service could potentially enhance the value of Amazon's Prime membership by offering additional benefits specifically tailored to grocery shopping, which may increase customer loyalty and spending within Amazon's ecosystem.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:12 pm

AAPL

AMZN

FXY

GLD

GOOG

JPM

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The Bank of Japan's (BOJ) potential shift away from yield control is causing significant movement in the yen and impacting global stock markets, including the U.S. The yen's rise is affecting strategies that involve borrowing in yen to invest in U.S. markets. JPMorgan Chase CEO Jamie Dimon expressed a desire to shut down cryptocurrencies if possible. U.S. jobless claims came in slightly below consensus, which may influence the Fed's rate decisions. European GDP contraction supports the expectation of rate cuts. Positive early money flows are seen in major tech stocks, while mixed flows are observed in SPY and QQQ ETFs. Gold and oil are seeing buying interest due to the yen's move. Bitcoin experiences a pullback after recent retail investor enthusiasm. The Arora Report advises investors to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

December 07, 2023 | 6:00 pm

GOOG

GOOGL

Alphabet Inc's stock (GOOG, GOOGL) is soaring after the integration of its advanced AI model, Gemini AI, into Google's chatbot Bard. Gemini will also be integrated into other Google products such as Pixel 8 smartphones, generative search, and Chrome. Google Deepmind developed Gemini, which will have three versions: Ultra, Pro, and Nano, enhancing various capabilities. A specialized version of Gemini Pro will improve Bard's functions. ByteDance, TikTok's parent company, is also set to launch a more powerful large language model. GOOG shares rose by 6.16% to $139.53.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 5:58 pm

RDFN

Redfin has introduced Redfin Redesign, an AI-powered tool developed in partnership with Roomvo and Bright MLS. This tool allows potential buyers to virtually alter the interiors of listed properties and visualize the changes with before-and-after comparisons. The new feature aims to enhance the home buying experience by providing a more interactive way to view properties.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:31 pm

DIS

META

Meta Platforms has announced the introduction of 'View Once' voice messages on WhatsApp, which will be rolling out globally in the coming days. This feature enhances privacy by allowing messages to be heard only once before they disappear.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:15 pm

MSFT

NVDA

SEC Chairman Gary Gensler cautioned companies against overstating the impact of artificial intelligence (AI) on their financials, a practice he referred to as 'AI washing'. He emphasized the need for truthful disclosure when raising funds from the public. Gensler also warned about the use of generative AI for fraud. Shares of NVIDIA Corp (NVDA) and C3.ai Inc (AI) have seen significant increases in 2023, while Microsoft Corp (MSFT) invested $10 billion in OpenAI. AI was named Word of the Year by Collins Dictionary for 2023.

Portfolio Pulse from Chris Katje

December 07, 2023 | 5:12 pm

RNG

RingCentral's stock price experienced a surge following the announcement that the company will present at the Barclays Global Technology Conference at 11:40 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:31 pm