Streetbeat News

Partnerships

CORZ

Core Scientific's shares rose as the company expanded its HPC hosting capacity. CoreWeave exercised its final contract option for an additional 120 MW, leading to a total contracted infrastructure of 500 MW. This expansion could generate $8.7 billion in revenue over 12 years.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:41 pm

BA

GE

GE Aerospace CEO Culp expressed hope that Boeing workers will ratify a new labor agreement, allowing operations to resume smoothly. He praised Kelly Ortberg as an excellent choice for Boeing's CEO and emphasized GE's support for Ortberg and Boeing during this labor situation.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:35 pm

GE

GE Aerospace is ramping up production to meet the demand for new Leap engine deliveries and aftermarket needs. The company is working to keep pace with Airbus' production plan of 75 jets per month and expects certification of upgraded turbine blades for LEAP-1A engines soon. The ramp rate for 777x engines will depend on Boeing's requirements.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:34 pm

IVW

META

XLC

Meta's smart glasses, developed in partnership with Ray-Ban, have become the top-selling product in 60% of Ray-Ban stores across EMEA, despite lacking advanced AI features due to regulatory delays. The glasses' success has bolstered Meta's confidence in its hardware and XR roadmap, contributing to a stock price increase of over 83% in the last year.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 3:21 pm

DASH

FI

Fiserv reported strong Q3 earnings with a 24% boost, driven by a partnership with DoorDash. Revenue and EPS exceeded expectations, and the company raised its 2024 outlook. Despite positive results, Fiserv's stock price slid slightly.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 3:20 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares fell 7.78% after a recent rally due to profit-taking. The company extended its debt refinancing deadlines amid ongoing negotiations and bankruptcy speculation. Spirit has faced significant challenges, including blocked mergers and grounded planes, but aims for cost savings and market strategy shifts.

Portfolio Pulse from Henry Khederian

October 22, 2024 | 3:00 pm

FXI

SPY

U.S. Treasury Secretary Yellen announced that economic and finance working groups between the U.S. and China will meet next week. The Treasury emphasizes the importance of increasing consumer spending as a share of GDP and addressing property issues in China.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:54 pm

COST

PTON

Peloton Interactive Inc (PTON) announced a partnership with Costco Wholesale Corp (COST) to sell the Peloton Bike+ in 300 U.S. stores and online starting Nov. 1. This collaboration aims to increase Peloton's exposure to a new audience during the holiday season.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 2:52 pm

AMZN

D

Dominion Energy's CEO, Robert M. Blue, discussed a new energy deal with Amazon on CNBC. This partnership could have significant implications for both companies, particularly in terms of energy supply and sustainability initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:40 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) shares are trading higher after CoreWeave exercised the final option of a hosting contract, adding $2 billion in projected revenue. This positions Core Scientific to provide 500 MW of IT load for HPC infrastructure by 2026.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 2:19 pm