Streetbeat News

Partnerships

PYPL

V

PayPal Holdings Inc (NASDAQ:PYPL) experienced a stock surge, forming a Golden Cross, indicating bullish sentiment. This was influenced by a collaboration with Visa Inc (NYSE:V) and the addition of Ernst & Young CEO Carmine Di Sibio to its board. The Golden Cross, a bullish technical signal, was formed as PayPal's 50-day SMA surpassed its 200-day SMA. Despite a 14.54% decline in one-year performance, PayPal has shown resilience with a 4.78% increase year-to-date. Technical indicators like MACD and Bollinger Bands also suggest a bullish trend, although RSI indicates an overbought condition.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 5:42 pm

META

NFLX

Meta Platforms Inc (META) and Netflix Inc (NFLX) are alleged in a lawsuit to have shared users' private messages as part of a data sharing agreement. The lawsuit claims this relationship, starting in 2011, was driven by advertising revenues, with Netflix spending around $40 million annually on Facebook ads. Meta responded to these allegations in 2018, denying the misuse of private messages. This lawsuit adds to Meta's legal challenges, including a potential class action over ad reach metrics inflation.

Portfolio Pulse from Neil Dennis

April 02, 2024 | 5:41 pm

LOBO

LOBO EV's stock price is on the rise following the announcement of a new strategic collaboration with Serbian distributor CSM2017 Doo.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:58 pm

SDA

SunCar Technology Group's shares surged following the announcement of an exclusive airport concierge car service deal for the private banking clients of China CITIC Bank International Limited.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:57 pm

FXI

SPY

China's President Xi and President Biden have agreed to engage in dialogue and cooperation on key issues including anti-drug efforts, artificial intelligence (AI), and climate change, according to Reuters citing Chinese state media.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:53 pm

FXI

SPY

U.S. Treasury Secretary Janet Yellen plans to pursue a 'healthy economic relationship' with China, focusing on targeted actions to safeguard U.S. national security and human rights. Yellen aims to collaborate with China on issues like climate change, financial stability, illicit finance, and the debt distress of developing countries.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:42 pm

FXI

SPY

U.S. Treasury Secretary Janet Yellen is scheduled to visit China from April 3-9 to continue economic dialogues with top Chinese officials. She will meet with Vice Premier He Lifeng, Guangdong Province Governor Wang Weizhong, and U.S. business executives in Guangzhou on April 5. Additionally, meetings with People's Bank of China Governor Pan Gongsheng and former Vice Premier Liu He are set for April 8.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:41 pm

FXI

SPY

Chinese President Xi Jinping emphasized the importance of mutual respect, peaceful coexistence, and win-win cooperation in a recent statement. This approach aims to foster a positive international environment and potentially impact global markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:39 pm

CXAI

CXApp shares are trading lower after a recent rally due to a partnership announcement with Google Cloud. The pullback follows the stock's significant gain on Monday.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:09 pm

CHX

MEG

SLB

ChampionX Corporation shares surged 9.5% after Schlumberger Limited announced its acquisition. Other stocks like VirTra, Inc., TMC the metals company Inc., and Montrose Environmental Group also saw significant gains following positive financial results and strategic moves. The overall market was down, with the Dow Jones dropping around 400 points.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 2:31 pm