Streetbeat News

Partnerships

AKAM

EGIO

MSFT

Citron Research highlighted that Microsoft ($MSFT) has switched from using Akamai Technologies ($AKAM) to Edgeio ($EGIO) for its services, citing better tools, pricing, and support by Edgeio. Citron questions why Edgeio's stock isn't valued at $60 today, referencing the information from Copilot.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:08 pm

QTWO

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, has partnered with the Los Angeles Police Federal Credit Union (LAPFCU) to modernize and enhance digital accessibility for its members. LAPFCU, with over 45,000 law enforcement personnel and their families, will transition to Q2's digital banking platform, integrating third-party fintech solutions through Q2 Innovation Studio and Q2 Marketplace. This partnership aims to provide LAPFCU members with a robust digital banking experience, mirroring the capabilities of in-branch and call center services.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:04 pm

D

Dominion Energy announced the successful launch of Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel, from the Seatrium AmFELS shipyard in Brownsville, Texas. This marks a significant milestone for the Coastal Virginia Offshore Wind (CVOW) project, which also received its final federal permit, allowing offshore construction to begin in May. The vessel, constructed with over 14,000 tons of domestic steel, is designed for turbines of 12 megawatts or larger and represents a major step in the U.S. energy transition and offshore wind industry development.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:02 pm

MRNS

NMTR

TSLA

The article covers a range of topics from cryptocurrency developments, including Dogecoin's potential bull market milestone and regulatory approval for Bitcoin and Ethereum ETFs in Hong Kong, to significant movements in the US stock market with mentions of specific companies like Marinus Pharmaceuticals and Neumora Therapeutics. It also touches on US and world politics, the US economy, tech industry updates including Apple and Nvidia, electric vehicle news with a focus on Tesla's layoffs and competition from Hyundai and Nio, consumer market moves, communication sector challenges for Elon Musk, industrial sector deals, and a general note on Elon Musk's past.

Portfolio Pulse from Akanksha Bakshi

April 15, 2024 | 1:58 pm

NVDA

SSNLF

TSM

The U.S. government is awarding Samsung Electronics up to $6.4 billion to expand its chip-making operations in Taylor, Texas, as part of an initiative to boost semiconductor manufacturing in the U.S. This grant will support Samsung in increasing its investment in the region to about $45 billion, enabling the construction of a second chip-making factory and an advanced chip-packaging facility. The effort aligns with the 2022 Chips Act's objectives and aims to restore the U.S.'s prominence in the global semiconductor industry. Additionally, Nvidia supplier TSMC has increased its U.S. investment to $65 billion, supported by a federal grant and loans, to produce advanced 2-nanometer chips.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 1:57 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) updated its first-quarter FY24 revenue forecast to $1.265 billion, slightly below the consensus of $1.273 billion. The company anticipates first-quarter capital expenditures of about $30 million for its new headquarters and spare parts purchases. Spirit Airlines expects to end the quarter with $1.2 billion in unrestricted cash and equivalents, and a $300 million liquidity under its revolving credit facility. The adjusted operating margin is projected to be between (14.5)% and (13.5)%, with an agreement with International Aero Engines expected to boost liquidity by $150-$200 million for 2024. SAVE shares rose 8.6% to $4.54.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 1:47 pm

MA

Mastercard has entered into a strategic partnership with VoPay to enhance money movement for Canadians, simplifying both domestic and cross-border transactions for businesses and consumers.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:26 pm

RVSN

Rail Vision has signed a non-binding memorandum of understanding (MOU) with a leading railway technologies company for the distribution of its mainline and shunting yard products. This partnership aims to enhance Rail Vision's market presence and distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:23 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) introduced a new line of Security Convergence Devices, developed in collaboration with Lanner. These devices, featuring AI-based platform NetProbe, aim to redefine cybersecurity with advanced intrusion detection, DDoS protection, and real-time threat neutralization. Gorilla Technology targets a 2% market share in the rapidly growing Asia Pacific and MENA cybersecurity markets, projecting significant revenue growth and financial performance enhancement.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:18 pm

LRHC

La Rosa Holdings Corp. (NASDAQ:LRHC) has entered into a six-month media contract with FMW Media Inc.'s New to The Street, to feature the company on its televised sponsored programming. The segments will include interviews with key management discussing La Rosa's business operations, focusing on its agent-centric, technology-integrated real estate services. The programming will air on Bloomberg TV and the Fox Business Network, supplemented by social media marketing and digital ads in New York City. La Rosa Holdings, known for its unique brokerage model offering 100% commission and integrating AI technology, aims to expand its market presence and educate potential investors about its innovative approach to real estate.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:17 pm