Streetbeat News

Partnerships

COIN

Coinbase CEO Brian Armstrong commented on Binance's $4.3 billion settlement with the U.S. federal government, suggesting that the era of crypto companies skirting regulation is over. Armstrong believes this enforcement action against Binance allows Coinbase to potentially become the leading crypto exchange. Despite facing its own lawsuit by the SEC, Armstrong is confident about Coinbase's regulatory compliance. He also highlighted the growing institutional interest in crypto and the potential impact of spot Bitcoin ETF approvals on the influx of capital into the crypto market.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 10:25 am

UXIN

Uxin Ltd has opened a flagship factory store in Hefei, China, which started trial operations in September. Despite economic challenges, Uxin's retail sales volume grew by 35.6% in Q2, reaching 2,287 units. The Hefei store, a joint venture with Hefei City, features advanced used car remanufacturing and is the world's largest used car retail superstore, with a capacity for 10,000 vehicles. This store is expected to drive Uxin's business growth in the future.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:14 am

UXIN

Uxin Ltd reported a 35.6% quarter-over-quarter increase in retail transaction volume for Q2 FY2024, reaching 2,287 units. This growth significantly exceeds the industry's 5% growth rate. The company's Changfeng superstore, a joint venture with the Hefei local government, also began trial operations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:48 am

ESGL

HPE

INTU

NTAP

Investors are watching Intuit, NetApp, Zscaler, ESGL Holdings, and Hewlett Packard Enterprise as they head into Tuesday. Intuit is expected to report earnings of $1.98 per share on $2.88 billion revenue. Zscaler reported strong Q1 results and issued positive FY24 guidance, also announcing new executive appointments. NetApp is anticipated to post earnings of $1.39 per share on $1.53 billion revenue. ESGL Holdings announced a significant contract renewal, causing its shares to surge in after-hours trading. Hewlett Packard Enterprise is expected to report earnings of 50 cents per share on $7.35 billion revenue.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:24 am

AMZN

AWS announced three new serverless solutions at Re:Invent, enhancing Amazon Aurora, Amazon ElastiCache, and Amazon Redshift. Aurora now scales to millions of write transactions and manages petabytes of data. ElastiCache's new serverless option allows for easier creation of caches that scale instantly. Redshift Serverless uses AI to predict workloads and optimize scaling. Companies like Genesys, MIO Partners, Peloton, Quantiphi, and Tuya Smart are already using these innovations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:13 am

AMZN

Amazon's Project Kuiper has formed a strategic collaboration with NTT, NTT DOCOMO, NTT Com, and SKY Perfect JSAT to enhance satellite connectivity in Japan. The partnership aims to use Project Kuiper's low Earth orbit satellite broadband network to improve communications availability and resiliency for customers in Japan.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:08 am

MIELF

MIELY

Mitsubishi Electric has announced a strategic partnership and investment in ModuleWorks, a software developer. This move aims to enhance Mitsubishi Electric's software capabilities for its computerized numerical control (CNC) systems. The partnership is expected to accelerate the development of advanced CNC solutions, benefiting customers in the manufacturing industry with improved efficiency and productivity. The financial terms of the investment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:46 am

ARGT

MELI

The Global X MSCI Argentina ETF (ARGT) has entered a bull market, surging over 20% after Javier Milei's presidential election win in Argentina. ARGT, with MercadoLibre Inc. (MELI) as its top holding, saw a $13 million inflow. Milei's Washington meetings with U.S. officials and international organizations are crucial for Argentina's economic path, focusing on hyperinflation and economic reforms.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 10:16 pm

SCBFY

Standard Chartered Bank (China) has begun offering digital yuan exchange services, making it the first foreign bank to join China's CBDC pilot testing. The bank is collaborating with City Bank Clearing Services to provide access to the digital yuan's interconnection platform. China's digital yuan, or e-CNY, has seen significant adoption with $253.6 billion in transactions and 120 million wallets since 2020. The pilot is active in 26 cities and provinces, and the digital yuan is expected to enhance payment experiences and international financial market integration.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 10:00 pm

AUDC

CGNT

EIS

IZRL

TEVA

Israel and Hamas have agreed to extend their truce by an additional two days. The extension follows a prisoner exchange and is supported by Qatar and Egypt. U.S. Secretary of State Antony Blinken acknowledged Qatar's mediation role. President Biden and UN Secretary-General Antonio Guterres expressed support for the extension to aid humanitarian efforts in Gaza. Elon Musk visited Israel and discussed the potential use of Starlink in Gaza, subject to Israeli approval. The iShares MSCI Israel ETF and ARK Israel Innovative Technology ETF saw gains, as did Israeli tech stocks AutoCodes, Cognyte Software, and Teva Pharmaceuticals.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 9:35 pm