Streetbeat News

Partnerships

ACN

MSFT

Accenture Plc (ACN) and Microsoft Corporation (MSFT) announced a partnership to launch a 'Cloud Modernization and Migration Factory' on Microsoft Azure Government for national security. This initiative aims to streamline the onboarding of remote federal sites to Azure Government Secret and Top Secret classified clouds, ensuring the highest level of security. The collaboration will also leverage Generative AI-powered migration tools for faster cloud modernization, meeting the stringent security criteria required for national security operations.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 4:43 pm

BJRI

BJ's Restaurants shares are trading higher after the company announced it has engaged PW Partners to provide recommendations on cost structure improvements.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:18 pm

BYDDY

HMC

NSANY

RNLSY

TSLA

Nissan Motor Co Ltd (OTC:NSANY) is investing in Renault SA's (OTC:RNLSY) EV unit, Ampere, and considering a partnership with Honda Motor Co Ltd (NYSE:HMC) to compete against rivals like Tesla Inc (NASDAQ:TSLA) and BYD Company Limited (OTC:BYDDY). Renault plans to sell a 2.5% stake in Nissan, aiming to reduce its stake from 43% to 15%. Nissan's new business plan, The Arc, includes launching 30 new models by May 2027, with 16 being electric, and aims to lower the cost of next-generation EVs by 30%.

Portfolio Pulse from Upwallstreet

March 27, 2024 | 4:06 pm

BYON

Beyond, Inc. (NYSE:BYON), the parent company of Overstock, Bed Bath & Beyond, Zulily, and other brands, has announced a strategic partnership with X to deliver custom content, develop customer acquisition and retention strategies, and spotlight its brands during key events. The partnership aims to leverage X's 100 million+ U.S. users through creative content and brand-specific promotions. The re-launched Overstock.com site will feature deals starting this weekend.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:51 pm

DIS

The Walt Disney Co. has settled its litigation with the Central Florida Tourism Oversight District, overseen by a board selected by Governor Ron DeSantis. This settlement, which pertains to Disney's Florida theme park properties, aims to foster a new chapter of constructive engagement, allowing for continued investment and job creation in Florida. However, Disney's separate litigation against DeSantis, concerning First Amendment rights violations over control of the theme park district, remains unresolved.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 3:28 pm

GME

MSFT

TTW

GameStop Corporation (NYSE:GME) reported a disappointing fourth quarter, missing both revenue and earnings estimates, as the shift to digital downloads and cloud gaming, notably by Microsoft Corporation (NASDAQ:MSFT), continues to impact its business. The company's efforts to cut costs and exit international markets have not yet resulted in a sustainable profitability turnaround. The gaming industry's broader challenges, including competition from e-commerce and reduced consumer spending, also affect other publishers like Take-Two Interactive Software Inc (NASDAQ:TTW) and Electronic Arts Inc (NASDAQ:EA).

Portfolio Pulse from Upwallstreet

March 27, 2024 | 3:19 pm

AGIXUSD

FETUSD

OCEANUSD

Three blockchain-based AI firms, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), are discussing a merger of their tokens into a new entity called ASI, valued at $7.5 billion. The merger aims to create a decentralized AI ecosystem, challenging the dominance of large tech companies. Each firm will continue to operate independently within a 'Superintelligence Collective'. Ben Goertzel and Humayun Sheikh are set to lead the initiative.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 3:15 pm

CEIX

CSX

RCL

TSLA

The collapse of the Francis Scott Key Bridge, impacting the Port of Baltimore, has caused Tesla, Ford, and GM to seek alternative shipping routes. Ford anticipates a significant impact, while GM expects minimal disruption. European carmakers and cruise operators also anticipate adjustments, with Carnival Corporation forecasting a $10 million negative impact. Coal exporters and rail freight services face challenges, with Consol Energy and CSX Corporation noting potential operational impacts.

Portfolio Pulse from Neil Dennis

March 27, 2024 | 3:07 pm

COHR

IDGT

JNPR

MRVL

SPRX

Marvell Technology, Inc (NASDAQ:MRVL) is set to present its optical technology innovations for AI and cloud data centers at OFC 2024, with Citigroup maintaining a Buy rating and a $91 price target on MRVL shares. The company will showcase products like Nova 2 and the Marvell 3D Silicon Photonics Engine, aimed at enhancing data center efficiency. Collaborations with Juniper Networks Inc (NYSE:JNPR) and Coherent Corp (NYSE:COHR) will be highlighted, focusing on data center interconnects and telecommunications. MRVL shares have seen a 72% increase over the last 12 months, with exposure available through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Spear Alpha ETF (NASDAQ:SPRX).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 2:46 pm

DNUT

Krispy Kreme shares are trading lower following a recent surge due to a partnership announcement with McDonald's. The initial excitement has tapered off, leading to a pullback in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:38 pm