Streetbeat News

Partnerships

BA

Westjet is expanding its fleet by leasing five new Boeing 737 Max 8 aircraft, with deliveries expected in early 2025. This addition means Westjet will receive up to 22 new Boeing 737 Max airplanes by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:02 pm

GOLD

Barrick Gold Corporation's Lumwana copper mine Super Pit expansion in Zambia is on track for first production in 2028. The project, costing nearly $2 billion, aims to transform Lumwana into a major copper mine with an annual output of 240,000 tonnes over 30+ years. The mine has been restructured since 2019, contributing $3 billion to Zambia's economy and focusing on local procurement and community development through initiatives like the Business Accelerator Program and REDD+ for conservation.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:36 pm

BABA

PG

RTX

VZ

Verizon Communications Inc. (VZ) shares rose 5.7% after reporting Q4 financial results that surpassed expectations with a slight sales decline but higher EPS. Other stocks also moved higher, including RTX Corporation (RTX) after strong Q4 results and a positive FY24 EPS outlook, and The Procter & Gamble Company (PG) following upbeat earnings. Chinese stocks like Alibaba Group Holding Limited (BABA) traded higher amid reports of a potential stock market rescue package in China.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 3:32 pm

MAR

Marriott International has entered into a strategic cooperation agreement with Delonix Group to expand the Tribute Portfolio brand in mainland China. The agreement could see over 100 Delonix hotels affiliate with Marriott's brand. This collaboration will allow the hotels to be booked through both companies' channels and loyalty programs, enhancing value for hotel owners and travel experiences for Chinese travelers. Delonix's portfolio includes over 1,400 hotels, with Grand New Century as a notable brand. Tribute Portfolio is a collection of over 100 independent hotels worldwide.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:05 pm

ETAO

FAZE

JNJ

NUTX

NVVE

RVSN

VRM

U.S. stocks were mixed with the Dow Jones down and NASDAQ and S&P 500 up. Johnson & Johnson (JNJ) reported Q4 earnings that exceeded expectations with an 11.7% increase in adjusted EPS and a 7.3% rise in sales. FaZe Holdings (FAZE), Rail Vision (RVSN), and Nuvve Holding (NVVE) saw their stocks surge due to new deals and project wins. Vroom (VRM), Nutex Health (NUTX), and ETAO International (ETAO) experienced significant stock declines following negative business developments.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 3:04 pm

STLA

Stellantis CEO has expressed the company's potential to lead the global commercial vehicle market by 2030. The company has been in discussions with the Italian government for nine months, seeking support for EV sales via incentives and protection for the Mirafiori plant.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:03 pm

BA

GE

General Electric CEO Larry Culp emphasized the importance of Boeing as a customer and partner, and highlighted safety as a priority and responsibility for the entire industry.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:47 pm

BA

GE

General Electric CEO Larry Culp has stated that the company's outlook remains unchanged despite the grounding of Boeing 737 Max 9 planes. GE is actively working with Boeing to address the issues and manage the production ramp-up.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:46 pm

BA

GE

General Electric CEO Larry Culp expressed confidence in Boeing's leadership, stating frequent communication with Boeing CEO Dave Calhoun on various issues.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:45 pm

NVEE

Nuvve Corporation has been awarded a $16 million project by the Fresno Economic Opportunities Commission (EOC) to electrify its 50-shuttle fleet with vehicle-to-grid capabilities. This initiative is part of Fresno EOC's efforts to promote cleaner transportation and environmental sustainability in the community.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:31 pm