Streetbeat News

Partnerships

DIS

M

Macy's Inc (NYSE:M) is experiencing a rise in its share price following the expansion of Disney products from the Walt Disney Company (NYSE:DIS) for the Holiday season. The expansion includes a wide range of Disney-themed products across various categories to celebrate Disney's 100th anniversary. Macy's has also launched a Disney Princess collection with various items. The company is set to report its Q3 2023 sales and earnings on November 16, 2023. Macy's shares have seen an 8.38% increase to $11.64.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 6:28 pm

AMZN

PYPL

John Liu, Head of Product Web3/Blockchain at Amazon.com Inc, discussed the potential impact of a Bitcoin ETF, stablecoins, and tokenization on institutional adoption of crypto at Benzinga's Future of Digital Assets Conference. He highlighted the ease a Bitcoin ETF would provide for companies seeking crypto exposure, the efficiency of stablecoins in payments, and the benefits of tokenizing assets for transparency and efficiency. Liu also noted the challenges in scaling blockchain technology and the importance of balancing institutional needs with innovation.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 6:10 pm

ENGIY

WRK

WestRock Company (NYSE:WRK) has signed two virtual power purchase agreements (VPPAs) with ENGIE North America, a subsidiary of ENGIE S.A. (OTC:ENGIY), to support renewable energy projects in Texas. The agreements, which align with WestRock's goal to reduce greenhouse gas emissions by 27.5% by 2030, involve 282 MW from ENGIE's Bernard Creek and Chillingham Solar projects. The Bernard Creek project is expected to generate significant revenue and jobs for Wharton County. WestRock's stock (WRK) rose by 1.95% to $38.25.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 5:56 pm

MMI

Marcus & Millichap Inc (NYSE:MMI) has entered into a strategic partnership and made an equity investment in Archer, a real estate technology company. Archer's platform uses machine-learning to enhance market analysis, deal sourcing, and underwriting for commercial real estate. The financial terms of the deal were not disclosed. MMI's COO, Richard Matricaria, emphasized the strategic benefits of the partnership. MMI's stock price rose by 7.66% to $32.06 following the news.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 5:38 pm

AI

AMZN

C3.ai Inc (NYSE:AI) stock is trading higher after announcing an expanded collaboration with Amazon Web Services (AWS), a subsidiary of Amazon.com Inc (NASDAQ:AMZN). The partnership aims to deliver AI solutions to assist customers in overcoming business challenges by combining C3.ai's software with AWS's capabilities. The C3 Generative AI Suite, C3 AI Platform, and C3 AI applications will all operate on AWS, with a focus on efficient onboarding and integrated solutions for organizational efficiency and quick user onboarding.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 5:23 pm

AI

AMZN

C3.Ai shares are trading higher after announcing an expanded collaboration with Amazon Web Services.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:23 pm

PYPL

John Liu announced that PYUSD is a regulated stablecoin fully backed by cash and cash equivalents. PayPal is integrating Web3 technology into its network, allowing PYUSD to be used in Web4 native applications.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:42 pm

SABR

Sabre Corp (NASDAQ:SABR) has signed a multi-year renewal agreement with lastminute.com N.V. to utilize Sabre's advanced shopping and virtual payment solutions. The deal aims to enhance the customer experience for lastminute.com's portfolio of travel brands. Sabre's Chief Commercial Officer, Roshan Mendis, highlighted the potential for increased customer conversion through technology and cloud-native microservices. Sabre recently reported Q3 FY23 earnings with an adjusted EPS of $(0.06) and sales of $740.46 million, surpassing sales estimates. Sabre's stock price has risen by 10.3% to $3.69.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 4:26 pm

Z

ZG

Zillow Group's stock is trading higher following the announcement of a mortgage subservicing agreement between PHH Mortgage and Zillow Home Loans.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:21 pm

GME

IBKR

At the Benzinga Fintech Deal Day & Awards, industry experts discussed shifts in investor behavior post-Covid, with a focus on retail engagement and technology. Stocktwits CEO Rishi Khanna noted a decline in market entry pace and a move past the memestock craze. eToro's U.S. CEO Lule Demmissie highlighted technology and access as growth drivers, with a focus on fixed income and AI innovation. UpLeg's Abdul Zoheb emphasized educational content and trading technology. Interactive Brokers' Steve Sanders reported an uptick in accounts during volatility and a recent surge in bond interest.

Portfolio Pulse from Surbhi Jain

November 14, 2023 | 4:17 pm