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President Joe Biden has announced a new executive order targeting the artificial intelligence (AI) sector, with safety as a top priority. Companies including Microsoft, Meta Platforms, Alphabet, Amazon, OpenAI, and Anthropic have made voluntary commitments to AI safety. Former President Barack Obama has reportedly been instrumental in crafting the AI plan, working in an advisory role with the White House. The new executive order and AI plans have been met with mixed responses, with some questioning the government's control over how technology companies use AI.

Portfolio Pulse from Chris Katje

November 03, 2023 | 8:03 pm

STLA

UNIFOR, the Canadian labor union, has announced that Stellantis locals have unanimously voted in favor of a tentative agreement. The news was reported by Reuters. No specific details about the agreement were provided.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:50 pm

VUZI

Vuzix has completed the delivery of a customized waveguide-based optics engine to a Tier-1 Aerospace and Defense firm. The engine is designed for use in head worn systems for aerospace applications, offering high brightness, high index waveguide design with a wide field-of-view.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:42 pm

AMZN

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q3 results, with revenue growing 25% YoY to $1.71 billion and net income of $718 million. The company also raised its Q4 guidance. Shopify's shares surged more than 21% following the report. The company has also announced a partnership with Amazon.com Inc (NASDAQ:AMZN) that allows Shopify merchants to use Amazon's Prime delivery service. Shopify also launched Shop AI, an AI-driven marketplace that challenges Amazon's platform.

Portfolio Pulse from Upwallstreet

November 03, 2023 | 6:18 pm

TDS

USM

Telephone And Data Systems, Inc. (TDS) reported Q3 FY23 revenues of $1.278 billion, a decrease of 8% Y/Y, and a loss of $(0.16), missing the consensus of ($0.11) loss. TDS and UScellular (USM) are exploring strategic alternatives for USM, with TDS owning approximately 83% of USM. USM revenues declined 11% to $963 million. TDS exited the quarter with cash and equivalents worth $293 million and long-term debt of $3.840 billion. TDS shares are trading higher by 2.26% to $19.47.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 5:23 pm

AMZN

NFLX

PARA

Netflix Inc is reportedly exploring the possibility of entering the live sports streaming market with a potential boxing match. Discussions are underway about live-streaming a match involving Jake Paul. There are also talks about featuring bouts from Premier Boxing Champions, a series currently aired on Paramount's Showtime. Paramount Global's decision to shutter Showtime Sports has created an opportunity for platforms like Netflix and Amazon.com to consider hosting Premier Boxing Champions matches.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 4:52 pm

FLR

Fluor Corp (NYSE:FLR) reported a Q3 2023 revenue growth of 9.7% YoY to $3.96 billion, beating the consensus of $3.89 billion. The company's Urban Solutions segment saw a significant increase of 32% YoY. Net earnings improved to $206 million from $22 million a year ago. The company also announced that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its Jansen potash project. Fluor raised its FY23 outlook and reaffirmed its FY26 guidance.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 4:22 pm

LINC

Lincoln Educational Services Corporation (NASDAQ:LINC) has announced the signing of lease agreements for a new campus in Houston, TX and a new location for its Nashville, TN campus. The Houston campus will be the second Lincoln Tech school in Texas and will feature a 100,000 square foot training center. The Nashville campus will have over 120,000 square feet and will expand the skilled trades training offered. These announcements come as Lincoln nears the completion of its new campus in Atlanta, GA and the relocation of its Philadelphia, PA campus.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:15 pm

XRPUSD

Ripple (XRP) saw a 10% surge in its weekly price, followed by significant transfers of XRP tokens to centralized exchanges Bitstamp and Bitso. An unidentified wallet transferred 50 million XRP tokens to these exchanges. Ripple also unlocked 1 billion XRP from its escrow accounts. Meanwhile, Ripple announced partnerships with the National Bank of Georgia for a digital currency project and received approval from the Dubai Financial Services Authority for the use of XRP within the Dubai International Financial Centre.

Portfolio Pulse from Khyathi Dalal

November 03, 2023 | 4:09 pm

PLUG

Plug Power Inc. (NASDAQ:PLUG) shares are trading higher, with a 12% increase over the last five days. The company's shares are moving on above-average volume, with over 15.8 million shares traded in the session. The company recently joined the Department of Energy's Appalachian Regional Clean Hydrogen Hub (ARCH2) as a project partner, vendor, and service provider. Plug Power is set to report its Q3 financial results on Nov. 9, with an expected loss of 31 cents per share and quarterly revenue of $242.24 million.

Portfolio Pulse from Erica Kollmann

November 03, 2023 | 4:07 pm