Streetbeat News

Partnerships

TSLA

Tesla Inc (NASDAQ:TSLA) is offering 5,000 miles of free supercharging for customers who trade in their old vehicle for a new Tesla by March 31. The offer is limited and excludes the Cybertruck, used vehicle purchases, and business orders. Tesla's supercharger network, with over 50,000 units globally, recently opened to Ford and will extend to other EV makers like Rivian, General Motors, Volvo Car, and Polestar Automotive in spring. However, Tesla ensures exclusive supercharger access for its drivers to manage demand.

Portfolio Pulse from Anan Ashraf

March 04, 2024 | 6:48 am

CGS International Securities has expanded its securities finance capabilities by adopting the Broadridge SFCM solution. This move is aimed at enhancing their operational efficiency and client service in the securities finance sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:27 am

LIFW

LifeWallet has reached a comprehensive settlement with 28 insurers, significantly benefiting its Medicare client services across the United States. This settlement is expected to enhance the company's service offerings and potentially improve its financial stability by securing more predictable revenue streams from these insurers.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:20 am

STLA

Kyndryl has signed a multi-year agreement with Stellantis to manage and operate select essential business operations across Europe, North America, and South America. This partnership, building on a previous agreement from February 2023, aims to modernize Stellantis' IT infrastructure. It will allow the automaker to access a broader range of technical resources and shift its focus towards digital innovation, cybersecurity, new business models, and customer-centric solutions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:12 am

BTCUSD

SHIBUSD

Shiba Inu (SHIB) has seen a significant surge, increasing by 68.5% to $0.00002196, with a weekly gain of 122.8%. This follows Bitcoin's (BTC) rise above $64,000. SHIB's rally, marked by an 8-day streak of gains and a 407% increase in trading volume, is attributed to a partnership with Zama for a privacy-centric network and various community developments. Notably, a whale transaction and a 3,0187% increase in SHIB's burn rate have also contributed to the bullish sentiment.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 5:23 pm

BONKUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Memecoins like Dogecoin, Shiba Inu, and Pepe saw significant gains last week, with the memecoin market cap increasing by 39% to $44 billion. Dogecoin's market cap reached $18 billion, surpassing companies like MicroStrategy and Robinhood. Shiba Inu announced a partnership with Zama for a privacy-focused network and started a petition for an ETF. Floki became the top trending asset on Stocktwits and plans to burn $11 million tokens. Bonk announced token burns and significant whale movements. The rise in memecoin prices is attributed to the Bitcoin rally and the deployment of memecoins on ETH and Solana chains.

Portfolio Pulse from Khyathi Dalal

March 02, 2024 | 4:53 pm

AAPL

FSR

GOEV

KARS

TSLA

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

MSFT

TSLA

Elon Musk has filed a lawsuit against OpenAI and its CEO Sam Altman, accusing them of deviating from the company's original non-profit goals towards profit orientation, primarily to benefit Microsoft, which has invested $13 billion in OpenAI. The lawsuit reveals past communications where Altman valued Musk's involvement in recruiting talent and setting the company's direction.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 9:54 am

TSLA

Tesla Inc (TSLA) has opened its supercharger network in North America to Ford Motor Co (F) and plans to extend access to other EV makers like Rivian Automotive, General Motors, Volvo Car, and Polestar Automotive starting this spring. This move is seen by investors as a positive step towards accelerating the adoption of electric vehicles (EVs) and fostering healthy competition in the sustainable energy sector. Tesla's shares rose 5.4% over the past week.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 7:48 am

DELL

Dell Technologies Inc. (NYSE:DELL) shares surged following a year of significant outperformance, a partnership with Subaru Corporation for driver safety improvements, and strong quarterly earnings that exceeded analyst expectations. The company reported earnings of $2.20 per share, surpassing the consensus estimate of $1.73, and sales of $22.3 billion, beating the $22.16 billion estimate. Despite a decline in revenue for its Infrastructure Solutions Group and Client Solutions Group, demand for AI servers increased, with servers and networking revenue at $4.9 billion. Dell also announced a 20% increase in its annual cash dividend.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 7:24 pm