Streetbeat News

Partnerships

F

Ford Motor Co (NYSE:F) has seen a 4.2% year-on-year decline in Mustang Mach-E sales in the first two months of 2024, despite a price cut. Meanwhile, demand for NACS adapters, enabling Ford EVs to use Tesla's supercharger network, has surged, with the reservation link crashing due to high demand. Ford expects its EV segment losses to widen to $5-5.5 billion this year amid pricing pressure and investment in new vehicles.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 10:56 am

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) experienced a premarket surge, continuing its upward trend following a $179 million U.S. Army contract for the TITAN ground station system. The anticipation for Palantir's AIP Conference, where 60 customers will showcase their work with Palantir's AI Platform and new partnerships are expected to be announced, also contributed to the stock's rise. The TITAN system, powered by AI and machine learning, represents a significant advancement in military technology. Palantir's collaboration with partners like Northrop Grumman and L3Harris was highlighted by CTO Shyam Sankar.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 10:04 am

CSCO

Cisco and BBVA have enhanced their strategic alliance by signing a comprehensive portfolio agreement aimed at accelerating digital transformation and promoting innovation. This partnership is expected to leverage Cisco's technological capabilities to support BBVA's digital objectives, potentially impacting Cisco's market position positively by showcasing its ability to deliver complex digital solutions to large financial institutions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:03 am

AAPL

Y Combinator co-founder Paul Graham criticized Apple Inc. (NASDAQ:AAPL) for its decision to terminate Epic Games' developer account, highlighting a broader discontent among app developers and tech personalities with Apple's policies on app store alternatives and payment options. The criticism comes amid Apple's ongoing feud with Epic Games over app store policies and payment systems, with Apple accused of non-compliance with court orders. The situation raises questions about Apple's power and its impact on developers and the tech industry.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 8:42 am

TSLA

Tesla Inc's Vice President, Rohan Patel, defended the company's sustainability efforts at its Berlin gigafactory, highlighting water conservation, solar capacity, and tree planting initiatives. Despite an arson attack by the Volcano Group causing a temporary production halt, Patel remains confident in the factory's resilience. The Berlin facility's sustainability measures and economic contributions to the local community were emphasized, alongside Tesla's commitment to expansion despite local opposition.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 8:40 am

CXM

Sprinklr has announced its selection by BT as a strategic partner for customer service. This partnership is expected to enhance BT's customer service capabilities by leveraging Sprinklr's expertise in customer experience management (CXM).

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:12 am

BB

TTTech Auto and BlackBerry have expanded their alliance to address the complexity challenges in future software-defined vehicles. The collaboration involves integrating BlackBerry's new QNX operating system with TTTech Auto's scheduling solutions, aiming to enhance safety, real-time domains, and high computational performance while ensuring functional safety.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:11 am

AAPL

Apple Inc.'s ambitious car project, known as 'Titan,' has been canceled after a decade of development and billions of dollars invested. Initiated by Steve Jobs, the project faced leadership indecision, technical challenges, and was unable to produce a commercially viable product. Despite exploring partnerships with major automakers and pouring roughly $1 billion annually into Titan, Apple encountered insurmountable technical and economic hurdles, leading to the project's termination and the potential layoff of about 2,000 employees.

Portfolio Pulse from Ramakrishnan M

March 07, 2024 | 7:58 am

PLTR

Jim Cramer, host of CNBC's 'Mad Money', has given a strong buy recommendation for Palantir Technologies Inc (NYSE:PLTR), citing its significant strides in the AI and defense sectors, including securing a prime contractor role for the U.S. Army's Titan program and substantial adoption of its AI platform.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 7:57 am

U

Unity (NYSE:U) has announced a partnership with Mazda to develop a next-generation in-cabin car experience for 2025-2027 Mazda car models and beyond. This collaboration is part of Mazda's 2030 Management Policy, focusing on the evolution of cockpit HMI and GUI for a seamless driving experience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:27 am