Streetbeat News

Partnerships

LUV

Southwest Airlines' CEO expressed confidence in achieving 2027 targets without relying on fleet monetization benefits. The launch date for the partnership with Icelandair is set for Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:48 pm

IGV

ORCL

TRFK

Oracle Corporation's shares are trading higher as NTT DATA Japan selects Oracle Alloy to enhance its sovereign cloud solutions. This partnership will accelerate cloud adoption in Japan, ensuring data sovereignty and compliance. Oracle plans to invest over $8 billion in Japan's cloud and AI infrastructure over the next decade.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 4:05 pm

BA

CVX

LUV

MAR

Southwest Airlines shares fell by 3% despite strong earnings and a deal with Elliott Investment Management. Concerns about Boeing delivery delays due to a machinists' strike overshadowed positive earnings and a board restructuring agreement.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 4:02 pm

PYPL

Fireblocks announced a $1 million grant program to boost the adoption of PayPal's stablecoin, PYUSD. The initiative aims to encourage businesses to develop blockchain-based products using PYUSD, highlighting its potential in DeFi and retail payments. Despite regulatory challenges, PayPal continues to expand PYUSD's reach.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 3:54 pm

TOMZ

TOMI Environmental Solutions shares rose after securing a contract with the National Institute of Forensic Medicine in Malaysia.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:50 pm

DJT

SPY

Russian President Vladimir Putin expressed willingness to normalize relations with the United States if the US is open to it. He also welcomed statements from former US President Donald Trump about seeking to end the conflict in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:43 pm

COIN

Kraken is set to launch its own blockchain, 'Ink', in early 2025, focusing on decentralized finance (DeFi) applications. This move marks a significant shift for Kraken as it expands beyond its centralized exchange roots. Ink aims to simplify DeFi processes and will integrate DeFi tools into Kraken's Wallet app. Kraken will act as Ink's sequencer, generating revenue from this role, similar to strategies by Binance and Coinbase.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 3:40 pm

EWZ

EZA

FXI

INDA

Russian President Vladimir Putin emphasized the importance of cross-border payments and cooperation within the BRICS summit. However, BRICS does not aim to establish a separate common payment system.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:33 pm

ABBV

AbbVie and Gedeon Richter have announced a new collaboration to discover and develop novel targets for neuropsychiatric treatments, building on their nearly 20-year partnership in CNS research.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:31 pm

HTCO

Caravelle International Group (NASDAQ:HTCO) has terminated its Ore Sourcing Agreement with CUEX Metal AG. The termination was mutually agreed upon, and Caravelle has no further obligations under the agreement.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:20 pm