Streetbeat News

Partnerships

BITF

BTBT

BTDR

Major crypto miners are preparing for the Bitcoin halving event in April 2024 by focusing on capital reserves, fleet efficiency, and the use of stranded energy. At Benzinga's Future of Digital Assets event, executives from SATO Technologies, Bitfarms, and Bitdeer Technologies Group discussed strategies to mitigate the halving's impact. They emphasized the importance of sustainable energy sources, geographical diversification, and the role of institutional investors in mining. The industry is also committed to environmental sustainability by leveraging and creating renewable energy resources.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 3:40 pm

STM

STMicroelectronics NV (STM) has signed a fifteen-year Power Purchase Agreement with ERG to supply renewable energy to its Italian operations from 2024 to 2038. The deal involves the sale of approximately 250 GWh of renewable energy annually from Sicilian wind farms, contributing to STM's goal of becoming carbon neutral by 2027. STM recently reported Q3 FY23 revenue growth of 2.5% YOY to $4.43 billion, surpassing estimates, with an EPS of $1.16.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 3:02 pm

XPEV

XPeng Inc. shares are experiencing an uptick following an announcement by Volkswagen that it plans to develop a platform for budget-friendly electric vehicles (EVs) in China, which could potentially increase competition in the Chinese EV market.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 2:19 pm

BLK

JPM

JPMorgan (NYSE:JPM) has released a research report expressing a positive view on the settlement between Binance and the U.S. government, which is expected to reduce systemic risks and attract traditional finance investors to the crypto sector. The settlement is seen as a move towards regulation, which could reverse Binance's recent market share loss and positively impact its trading operations and BNB Smart Chain business. Major asset managers like BlackRock (NYSE:BLK) are involved in the process of approving Bitcoin ETFs, indicating a trend towards regulated crypto entities.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 1:49 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) has announced a long-term partnership with ELLE CHINA and ELLE MEN CHINA to enhance advertising and brand exposure. The collaboration will leverage ELLE's platforms for Global Mofy Metaverse's publicity and will involve the company's expertise in advertising production, building on previous successful campaigns. The partnership aims to increase brand recognition and deliver innovative content, with CEO Haogang Yang expressing confidence in the mutual benefits and industry standards this collaboration will set.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:35 pm

SLNA

Selina Hospitality PLC (NASDAQ:SLNA) has announced a strategic collaboration with Artrade to promote Latin American artists by transforming Selina locations into immersive galleries. This partnership aims to enrich guest experiences and provide artists with an international platform to showcase and monetize their work. The collaboration includes curated art collections, live events, and the opportunity for guests to purchase artwork. The initiative will kick off in Medellín with a 'Diversity' themed collection, followed by participation in the Bogotá International Art Fair and an exhibition in Miami during Art Basel.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:34 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has established a new U.S. office in Redwood City, California, to enhance its market presence and partner relations in North America. The office will serve as a hub for the Company's North American operations, focusing on customer service and engagement with business partners. The Company's CMO, Shmuel Barel, will lead the subsidiary, Mudra Wearable, Inc. This expansion follows the delivery of the first batch of Mudra Bands to preorder customers and a memorandum of understanding with an XR Smart Glasses manufacturer for B2B licensing.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:16 pm

LILM

Lilium (NASDAQ:LILM), an eVTOL jet developer, has signed a Memorandum of Understanding with CITIC Offshore Helicopter Co., Ltd (COHC) to establish an eVTOL operation network in China's Greater Bay Area. The partnership aims to develop regional air mobility services based on market demand, starting with the Greater Bay Area and potentially expanding to other regions in China. The collaboration will leverage COHC's aviation experience and Lilium's eVTOL technology to offer sustainable and efficient transportation solutions.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:14 pm

KEY

SFM

V

WSM

Insiders at Williams-Sonoma, Visa, KeyCorp, and Sprouts Farmers Market have recently sold shares of their companies. Williams-Sonoma insiders sold shares after reporting better-than-expected Q3 earnings. Visa's insider sale coincides with an extended collaboration in Europe. KeyCorp's insider sold shares as Q3 FY23 revenues met consensus. Sprouts Farmers Market's CEO sold shares after reporting a 7.7% Y/Y sales growth in Q3 FY23.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:21 pm

BLX

Banco Latinoamericano De Comercio Exterior (BLX), TC Latin America Partners, and Toesca Asset Management have launched Greenbridge Capital, a private lending platform focusing on the Latin American market. Greenbridge Capital's first initiative is a factoring vehicle that will be funded by BLX.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 12:06 pm