Streetbeat News

Partnerships

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) announced its MARKET.live livestream shopping business plan is fully funded, with a significant increase in cash and a decrease in notes payable. The company's 2023 Form 10-K revealed a cash position of $14.2M and notes payable of $1.2M, marking a substantial improvement from the previous year. This financial stability has removed the 'Going Concern' opinion from its audited financial statements for the first time. VERB's partnerships, including with TikTok, and new technology integrations are expected to drive revenue growth and stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:38 pm

AMZN

VCR

XLY

Amazon.com, Inc. (NASDAQ:AMZN) is expanding its AWS free credits program to include models from Anthropic, Meta, Mistral AI, and Cohere, aiming to boost its AI platform, Bedrock's market share. The company has invested $4 billion in Anthropic and offered over $6 billion in credits to startups over the past decade. In partnership with Y Combinator, Amazon is offering $500,000 in credits for AI models and chips. Competitors like Microsoft Azure and Google Cloud are also offering credits for AI models. The FTC has launched an inquiry into generative AI investments due to competitive concerns. Investors can gain exposure to Amazon through ETFs like SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and Vanguard Consumer Discretion ETF (NYSE:VCR). AMZN shares are currently down 1.03% at $179.11.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 1:33 pm

CXAI

GOOG

GOOGL

CXApp Inc (NASDAQ:CXAI) shares surged 151% on Monday following the announcement of a strategic partnership and development agreements with Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud for the launch of its CXAI Platform. The partnership includes end-to-end security, analytics, monitoring, and SaaS performance enhancements for CXApp clients. Google will also support CXApp's Work SuperApp, generative AI applications, and experiential analytics through its technologies, including the Vertex AI platform. Despite the initial rally, CXAI shares were down 20.6% at $4.88 at the time of publication.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 1:29 pm

SDA

SunCar Technology Group has announced an exclusive partnership with China CITIC Bank International Limited to offer airport concierge car services to the bank's private banking clients. This move is aimed at enhancing the travel experience of CITIC's high-net-worth individuals by providing them with personalized and convenient transportation options.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:17 pm

CTHR

Charles & Colvard, Ltd. (NASDAQ:CTHR) announced the launch of its new B2B trade portal, charlesandcolvarddirect.com, marking a strategic shift from its distributor model to direct sales to independent jewelers and retailers. This move allows access to its premium moissanite gems, Forever One and the new Forever Bright, directly from the company. The initiative aims to support independent businesses by offering better prices, maintaining brand integrity, and competing with foreign-developed moissanite while ensuring quality.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:09 pm

HLT

SLB

WYNN

Wynn Resorts, Hilton Worldwide, and Schlumberger were featured on CNBC's 'Halftime Report Final Trades'. Wynn Resorts reported Q4 earnings surpassing estimates with a significant sales increase. Hilton Worldwide is anticipated to report strong Q1 2024 earnings. Schlumberger announced a major deal to merge its carbon capture division, owning 80% of the combined business post-transaction. The stocks of Wynn Resorts and Schlumberger saw gains, while Hilton Worldwide experienced a slight decline.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 1:05 pm

VMD

Viemed Healthcare, Inc. (NASDAQ:VMD) has finalized a strategic partnership with East Alabama Health, acquiring a majority interest in East Alabama HomeMed, LLC. This partnership is expected to generate an incremental annualized revenue of approximately $4 million for Viemed. The collaboration aims to enhance home medical services within the EAH network and can serve as a model for future nationwide expansions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

XRX

Xerox is partnering with PBS Group to transition its operations in Peru and Ecuador to Productive Business Solutions (PBS). The deal, expected to close in Q2 2024, will see Xerox employees in these countries move to PBS, which will become Xerox's exclusive distribution partner in these markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

BKTI

BK Technologies announced receiving two purchase orders from the USDA Forest Service for 5,620 BKR 5000 radios, as part of a five-year blanket purchase agreement initiated in May 2021. Since June 2021, the USFS has purchased over 22,000 BKR 5000 radios, transitioning from BK Technologies' KNG Portable Series.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:47 pm

ADPV

DAT

INFA

Informatica Inc. (NYSE:INFA) has launched its AI-powered Intelligent Data Management Cloud (IDMC) in Saudi Arabia, marking the country's first AI-powered IDMC Platform with a new Point of Delivery in Riyadh. This expansion strengthens Informatica's presence in the Middle East and supports Saudi Arabia's Vision 2030 by providing a cloud-based data infrastructure. Investors can gain exposure to Informatica through ProShares Big Data Refiners ETF (NYSE:DAT) and Series Portfolios Trust Adaptiv Select ETF (NYSE:ADPV). INFA shares saw a slight decrease of 0.37% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 12:45 pm