Streetbeat News

Partnerships

DAL

Delta Air Lines is actively collaborating with the FAA to address air traffic control staffing shortages and is engaged in efforts in Washington to tackle structural challenges related to infrastructure, as revealed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:46 pm

DAL

During a conference call, a Delta Air Lines executive commented on the U.S. Department of Transportation's (DoT) action on Aeromexico, labeling it as 'regulatory overreach'. The executive mentioned that Delta is currently in discussions with the administration to explore less punitive solutions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:32 pm

RIO

Rio Tinto (NYSE:RIO) appoints Bold Baatar as chief commercial officer, focusing on copper and renewable energy. Baatar, who joined in 2013 and led the Oyu Tolgoi copper mine expansion, replaces retiring Alf Barrios. The move aligns with Rio Tinto's strategy on key metals and improving its brand post-controversies. The company also partners with Founders Factory to foster entrepreneurship in Western Australia, investing $9.5 million in a startup hub for mining innovation.

Portfolio Pulse from Stjepan Kalinic

April 10, 2024 | 2:31 pm

BA

RTX

RTX has entered into an agreement that encompasses a range of commercial and military platforms for Airbus, Boeing, Bombardier, and Embraer. This deal highlights RTX's broad engagement across major aircraft manufacturers and could signal potential growth in both commercial and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:29 pm

AMZN

NFLX

TOON

Kartoon Studios Inc (AMEX:TOON) reported Q4 revenue of $8.8 million and full-year 2023 revenue of $44.1 million, highlighting the success of its Kartoon Channel! platform. The company announced the launch of the Stan Lee store on Amazon.com, focusing on branded merchandise. Comparatively, Kartoon Studios reached operational break-even faster than Netflix Inc (NASDAQ:NFLX). The company plans to enhance operational efficiency and grow revenue by focusing on the Stan Lee brand and implementing AI technology.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 2:28 pm

RTX

Satair has extended its parts distribution agreement with RTX's Collins Aerospace for an additional four years. This renewal agreement grants Satair global distribution rights for Collins' electric, environmental control, and engine system parts.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:28 pm

NCL

Northann Corp (NYSE:NCL) has entered into a cross-licensing agreement with I4F, a provider of patents and technologies for the flooring industry. This partnership aims to enhance their digital printing offerings, with Northann planning to manufacture its 3D printing ecosystem in the U.S., significantly reducing production costs. Despite the positive news, NCL shares dropped by 2.94% to $0.5249.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 2:19 pm

WIT

Wipro Limited (NYSE:WIT) announced the appointment of Malay Joshi as the CEO of Wipro Americas 1 Strategic Market Unit, effective immediately. Malay, who has been with Wipro since 1996, succeeds Srini Pallia, the new CEO and Managing Director of Wipro Limited. Malay's previous role involved leading one of Wipro's largest business units, contributing to significant CAGR over a decade. His extensive experience in various leadership roles and deep industry knowledge are highlighted as key factors for his appointment. Malay will also join the Wipro Executive Board and will be based in New York City.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:10 pm

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

GOOG

GOOGL

JPMorgan analyst Doug Anmuth is bullish on Alphabet Inc. (GOOG, GOOGL), predicting over 20% revenue growth for Google Cloud, driven by strategic focus on Gen AI applications and Gemini integration. Anmuth's Overweight rating and $165 price target reflect confidence in Google's market share capture in cloud computing and AI, supported by product innovations like the custom CPU Axion and the AI-powered video app 'Vids'. Google's expanding ecosystem and adoption among Gen AI startups, highlighted by partnerships with companies like Uber and Mercedes Benz, are seen as key growth drivers.

Portfolio Pulse from Surbhi Jain

April 10, 2024 | 1:32 pm