Streetbeat News

Partnerships

AMZN

RIVN

Rivian Automotive's electric delivery vans, designed in conjunction with Amazon, have arrived in Europe. Over 300 vans will roll out in Germany in the coming weeks. These are Rivian's first vehicles in Europe. Amazon aims to have 10,000 Rivian vehicles in its fleet worldwide by 2030.

Portfolio Pulse from Anan Ashraf

July 04, 2023 | 2:02 pm

AMZN

GOOGL

MSFT

Microsoft Corporation's Indian arm is reshuffling its top executives, promoting several key figures. The move comes amid strong competition from Amazon and Google in the enterprise cloud space in India. The report also suggests that Puneet Chandok, former head of AWS India, may be joining Microsoft. Microsoft India's president recently emphasized the company's focus on expanding its presence in India, particularly in sectors such as banking and financial services.

Portfolio Pulse from Arpit Nayak

July 04, 2023 | 5:39 am

DIS

DKNG

NATH

PEP

Joey Chestnut, a renowned competitive eater, has dominated the Nathan's Hot Dog Eating Contest, sponsored by Nathan's Famous Inc (NASDAQ:NATH), winning 15 times since 2005. Chestnut's success has attracted sponsorships from companies like PepsiCo (NYSE:PEP), DUDE Wipes, Raising Cane’s Chicken Fingers, and Wonderful Pistachios, earning him over $4 million. Betting odds at DraftKings Inc (NASDAQ:DKNG) list Chestnut as the favorite for the contest. The event will be aired on ESPN, a unit of The Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Chris Katje

July 03, 2023 | 8:35 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose over 2% on Monday, adding to gains from the last month. In June, KKR-managed funds agreed to purchase up to €40 billion ($43.6 billion) buy now, pay later (BNPL) loan receivables originated by PayPal in several European countries. PayPal also launched Tap to Pay on Android for Venmo business profile users in the U.S. The company received several price target changes from analysts in June, ranging from $72 to $92.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:06 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares traded higher after Cboe refiled Bitcoin ETF proposals. Cboe intends to collaborate with Coinbase to prevent market manipulation during the ETF launch process. MARA stock experienced above-average trading volume, with a 10.5% increase in share price.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 6:47 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher after Cboe Global Markets, Inc. refiled Bitcoin (CRYPTO: BTC) ETF proposals and indicated it would work with Coinbase to prevent market manipulation. Cboe resubmitted an application with the SEC seeking approval for a Bitcoin ETF managed by Fidelity Investments. Coinbase shares are trading more than 10% higher on heavy volume with more than 18 million shares traded already on Monday.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 4:50 pm

META

TCEHY

Meta Platforms, Inc. (NASDAQ:META) has been trying to restart its business in China by selling its Quest headsets. The company has made progress with Tencent Holding Ltd (OTC:TCEHY), but faces challenges due to CEO Mark Zuckerberg's image in China and non-compliance with Beijing's censorship rules. Any deal with Tencent would make it the exclusive seller of Meta's headsets in China. However, complications include China's weak consumer spending and operational issues like user data handling.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 4:36 pm

RCON

Recon Technology's subsidiary, Recon BJ, has entered into a strategic partnership with Changxia Digital Energy Technology to drive innovation in the petroleum and petrochemical sectors. The collaboration will focus on areas including PV-to-electric vehicle charging and energy storage. The impact of this partnership on Recon's shares is positive, with a 2.53% increase in the last check.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:24 pm

COIN

Coinbase shares are trading higher following the news that Cboe has refiled Bitcoin ETF proposals and plans to work with the exchange to prevent market manipulation.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:25 pm

UBER

Xoxoday, a global digital rewards and incentive partner, has announced an exclusive partnership with Uber for Business. Uber and Uber Eats will now be available as digital gift cards to Xoxoday clients in over 60 countries. This makes Xoxoday the first reward company to form such an alliance with Uber for Business. The partnership aims to enhance customer satisfaction and drive engagement by offering Uber's services as part of Xoxoday's rewards and incentives program.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:02 pm