Streetbeat News

Partnerships

DTGHF

VLVLY

Volvo Group and Daimler Truck have signed a binding agreement to form a joint venture aimed at developing a software-defined vehicle platform and truck operating system. This initiative is set to revolutionize the commercial vehicle industry by enhancing safety, comfort, and efficiency. The joint venture will be headquartered in Gothenburg, Sweden, and is expected to be completed by the first half of 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:31 am

RTX

Collins Aerospace, a unit of RTX, is developing high-voltage power systems for hybrid-electric flights as part of the EU Clean Aviation project. This initiative aims to enhance sustainable aviation technologies.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 6:39 am

GOOG

GOOGL

RDDT

Reddit is increasingly being used as a source for authentic information, challenging Google's dominance in the search market. Reddit's CEO confirmed that users often use Google to access Reddit content. This trend is particularly notable among younger generations who are moving away from traditional search engines. Despite this, Google remains a strong investment according to analysts.

Portfolio Pulse from Ananya Gairola

October 28, 2024 | 5:46 am

DJT

RUM

Chris Pavlovski, CEO of Rumble Inc. (NASDAQ:RUM), has become a key figure in right-wing politics by supporting Trump Media & Technology Group Corp (NASDAQ:DJT) with technical infrastructure for Truth Social. Rumble, backed by conservative investors, has grown significantly, becoming a platform for conservative content. Pavlovski's international hiring practices have raised concerns, but his influence in conservative circles continues to grow.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2024 | 8:54 pm

CURLF

B NOBLE, founded by Fab 5 Freddy, is collaborating with Greenbook Academy to offer 100 free job training grants in Florida, focusing on cannabis trimming and dispensary technician training. This initiative aims to empower minorities and aspiring professionals in the cannabis industry. B NOBLE, in partnership with Curaleaf, is committed to social equity and supporting communities historically impacted by punitive cannabis laws. Curaleaf's SVP, Kate Smith, highlights the company's alignment with B NOBLE's goals and its commitment to diversity and social equity in cannabis.

Portfolio Pulse from Patricio Liddle

October 25, 2024 | 8:51 pm

LTBR

NNE

OKLO

Nuclear-linked stocks such as Oklo Inc., Lightbridge Corporation, and Nano Nuclear Energy are rising due to investments by Amazon Web Services and Google in nuclear energy for data centers. AWS announced partnerships to develop Small Modular Reactors, while Google signed a power purchase agreement with Kairos Power.

Portfolio Pulse from Vaishali Prayag

October 25, 2024 | 7:52 pm

LHX

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares hit a new 52-week high, driven by a strategic partnership with L3Harris Technologies Inc. (NYSE:LHX) to enhance AI-driven defense technology. Palantir's stock has surged 162.73% year-to-date, and the company is set to report its third-quarter earnings on November 4, 2024.

Portfolio Pulse from Vaishali Prayag

October 25, 2024 | 6:58 pm

TSLA

Tesla is nearing a $740 million deal with SK Hynix for enterprise solid-state drives (eSSD) to enhance its AI server capabilities. This move aligns with industry trends towards eSSD for improved speed and efficiency. SK Hynix's strong financial performance is driven by rising demand for eSSD and high-bandwidth memory.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:56 pm

AAPL

AMZN

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock has surged due to the launch of the Truth+ app and Donald Trump's increasing chances in the 2024 presidential election. The stock rose 31% in five days and 175% in thirty days. Trump's appearance on Joe Rogan's podcast is expected to further influence the stock.

Portfolio Pulse from Anusuya Lahiri

October 25, 2024 | 6:36 pm

MSFT

OpenAI has announced that it will not release a model called Orion this year, contradicting earlier reports. The Verge had reported that Orion would be launched by December, with Microsoft expected to gain early access. OpenAI plans to release other technologies instead.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:29 pm