Streetbeat News

Partnerships

Mastercard has ended its partnership with Binance due to regulatory concerns. Both Mastercard and Visa are planning to increase merchant fees for accepting their credit cards. Mastercard's stock recently reached an all-time high of $417, despite facing resistance around the $400 level. The stock's recent breakout could indicate the start of a bullish trend.

Portfolio Pulse from Zaheer Anwari

August 31, 2023 | 2:07 pm

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CPB

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GOOG

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UBS

Goldman Sachs' fintech unit is under scrutiny by U.S. banking regulators due to compliance and risk issues. Microsoft is unbundling its Teams app from its productivity suite due to an EU antitrust probe. UBS recorded a Q2 profit of $29B, largely due to goodwill, and plans to cut 3K jobs in Switzerland. American Airlines flight attendants have voted to authorize a potential strike. Airbus and Korea Aerospace have partnered for mass production of light armed helicopters. Google's Fitbit is facing GDPR violation complaints in multiple countries. Boeing paused operations in South Carolina due to Hurricane Idalia. Campbell Soup, Signet Jewelers, and UBS reported better than expected earnings, while Dollar General, Hormel Foods, and Polestar Automotive reported worse than expected earnings.

Portfolio Pulse from Vandana Singh

August 31, 2023 | 1:57 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has secured a contract to provide seven autonomous security robots to a publicly traded biotechnology company. The robots will be used to patrol and monitor the biotech company's corporate campus, including a 4-story garage, building entrances, open areas, and parking lots. The financial terms of the deal were not disclosed.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:39 pm

DBCCF

Decibel Cannabis Company Inc. (OTCQB:DBCCF) has signed a supply agreement with UK-based 4C LABS, a firm specializing in cannabis-based medicinal products. The 3-year deal will see Decibel provide its premium dried medical cannabis flower, branded as Qwest, exclusively to 4C LABS for distribution to medical cannabis patients in the UK. The partnership is expected to strengthen Decibel's foothold in the UK and European markets.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 1:33 pm

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SHOP

Shopify Inc has partnered with Amazon.Com Inc to simplify the shopping process for Amazon Prime members. This collaboration has led to a rise in Shopify's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:13 pm

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VRNOF

Governors JB Pritzker of Illinois and Albert Bryan Jr. of the U.S. Virgin Islands, known for their significant contributions to shaping cannabis policy, will speak at the Benzinga Cannabis Capital Conference in Chicago. Pritzker's tenure has seen the legalization of adult-use cannabis in Illinois, with key players like Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries contributing to job creation and community revitalization. Bryan Jr. has championed cannabis legalization as a strategy to address post-pandemic financial challenges in the U.S. Virgin Islands.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 1:04 pm

BWA

STM

BorgWarner Inc. (BWA) will integrate STMicroelectronics' (STM) third generation 750V silicon carbide (SiC) power MOSFETs dice into its Viper power module. This module will be used in BorgWarner's traction inverter platforms for several current and future Volvo Cars electric vehicles. The collaboration aims to increase the performance and range of Volvo's electric vehicles, supporting Volvo's goal of being fully electric by 2030.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:03 pm

HSCS

Heartsciences has signed a distribution agreement with FJ Medical, Denmark. The agreement requires FJ Medical to stock MyoVista devices and supplies and provide prompt technical service.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:02 pm

LMT

Lockheed Martin has delivered its initial 5G testbed to the U.S. Marine Corps and has begun mobile network experimentation. This move is part of the company's efforts to enhance its technological capabilities.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:01 pm

SDA

SunCar Technology Group Inc. (NASDAQ:SDA), a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, has renewed its annual destination pickup service agreement with China Minsheng Banking Corp., Ltd. (CMBC). SunCar's service covers 79 airports and 330 high-speed rail stations in China and is popular among institutional customers like CMBC.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:01 pm