Streetbeat News

Partnerships

SONY

Blinkit, a subsidiary of Zomato, has started delivering Sony's PlayStation 5 in India within 10 minutes, showcasing a new level of service in rapid delivery. This service includes the PlayStation 5 Slim and the digital edition at competitive prices. Despite Blinkit's revenue increase in FY23, its losses have also grown. Previously, Blinkit has partnered with Samsung and Apple's largest premium reseller in India for rapid delivery of their products.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 05, 2024 | 8:05 am

TSLA

U.S. Treasury Secretary Janet Yellen began her visit to China, focusing on strengthening economic relations while addressing concerns over China's manufacturing overcapacity and its global implications. Yellen emphasized the importance of a level playing field for American workers and firms and the need for open dialogue. She criticized China's industrial subsidies and expressed concerns over China's green energy exports potentially harming American firms. The visit highlights ongoing economic tensions, particularly in sectors like semiconductors, green energy, and electric vehicles (EVs), with companies like Tesla and BYD mentioned in the context of the growing EV market.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:42 am

AAPL

GOOGL

Google is launching its Find My Devices network, compatible with Apple's Find My network, to help users locate their devices and implement anti-stalking measures. This comes after a year of collaboration between Google and Apple, addressing safety concerns linked to tracking devices like Apple's AirTag.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 6:29 am

DIS

Nelson Peltz praised Elon Musk in a CNBC interview, highlighting Musk's brilliance and humility. Musk endorsed Peltz for Disney's board, aiming to improve its share price. This contrasts Musk's previous criticisms of Disney and CEO Bob Iger. Musk's support for Peltz came despite Disney's victory over Trian and Blackwells' nominees in a shareholder vote.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 5:44 am

CADL

F

NVDA

PLTR

TSLA

The U.S. stock market saw a downturn, with notable movements in stocks like Ford, Candel Therapeutics, Nvidia, Palantir, and Tesla. Ford announced a delay in its electric vehicle launch, Candel Therapeutics surged after releasing trial data, Nvidia fell due to supply-chain concerns, Palantir dipped slightly after announcing a partnership with Oracle, and Tesla rose amid positive analyst projections.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 3:47 am

GOOG

SSNLF

Samsung Electronics Co Ltd has acknowledged a touchscreen issue in its Galaxy S23 devices, attributing the glitch to Google's Discover feed. The problem emerged after the One UI 6.1 update in late March. Samsung suggests clearing the Google app's data and rebooting as a temporary fix, while Google is working on a permanent solution through an app update. This incident highlights the dependencies between hardware manufacturers and software providers.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 2:30 am

MCD

Poseidon Investment Management enters the New York cannabis market through an investment in PCA (Platform Cannabis Advisors), a startup aimed at supporting social equity license holders in establishing dispensaries. PCA, founded by former New York's Office of Cannabis Management employees Ben Sheridan and Matthew Greenberg, leverages their regulatory knowledge to navigate financial and legal challenges. The investment marks Poseidon's first venture into the NYC market, highlighting its strategy to support the cannabis industry's growth. McDonald's (NYSE: MCD) is mentioned as a comparison to PCA's business model.

Portfolio Pulse from Rolando García

April 04, 2024 | 10:00 pm

VAL

Valaris announced that ARO Drilling, its joint venture in Saudi Arabia, received a suspension notice from Aramco for one of its 19 contracted rigs, specifically the Jackup VALARIS 143. The rig's contract was set to end in December 2024, but the suspension could last up to twelve months. ARO is currently in discussions with Aramco to finalize the suspension's start date.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:17 pm

LSCC

Lattice Semiconductor has expanded its partnership with NewTec to enhance functional safety solutions for Automotive and Industrial applications. This collaboration aims to provide customers with flexible, scalable, and easy-to-implement safety solutions, catering to the growing demand in safety-critical sectors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:02 pm

GOOG

GOOGL

YouTube has stated that OpenAI's use of its videos to train the AI model Sora would violate its policies. This announcement raises concerns about the use of publicly available data for AI training and could impact the relationship between content platforms and AI developers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:59 pm