Streetbeat News

Partnerships

MVST

The US Energy Department has canceled contract negotiations on a $200 million award for Microvast Holdings, according to a person familiar with the matter.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 8:54 pm

BTCUSD

USDTUSD

Digital payment platform Strike has integrated Tether's USDT stablecoin into its services, aiming to streamline digital transactions and strengthen its industry standing. The integration follows Strike's expansion into 65 additional countries and the unveiling of a new USDT-supported app design at Bitcoin 2023.

Portfolio Pulse from Murtuza Merchant

May 22, 2023 | 8:38 pm

CSX

CSX Corp. has reached a tentative agreement with the SMART-TD CSRA union to provide paid sick leave benefits for trainmen, conductors, and yardmen. This marks the 10th such agreement CSX has reached with its union-represented employees since February.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 8:24 pm

ALB

CMP

F

Ford Motor Co (NYSE:F) CEO Jim Farley announced the company's future strategy, focusing on cutting costs, raising product quality, and shifting towards software, services, and new vehicle offerings. Ford aims for a 10% pretax profit margin by 2026 and plans to reduce the number of parts in its vehicles. The automaker is targeting a two million EV production run rate by 2026 and has announced deals to supply lithium products for its EV division.

Portfolio Pulse from AJ Fabino

May 22, 2023 | 8:06 pm

AAPL

META

Meta Platforms stock is up following positive reports, including its collaboration with Magic Leap to compete against Apple in augmented reality. Meta is also preparing to launch a Twitter rival called 'Barcelona' in 2023. However, the company plans to lay off 6,000 more workers this week.

Portfolio Pulse from Anusuya Lahiri

May 22, 2023 | 8:00 pm

PATH

UiPath shares are trading higher following the announcement of a partnership with Peraton.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 7:51 pm

PACW

WAL

Western Alliance shares are trading higher amid a rebound in regional banks. PacWest gained after entering a loan purchase and sale agreement, which may be lifting regional banking sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 7:45 pm

LUNA

Needham analyst Alex Henderson initiated coverage on Luna Innovations Inc (NASDAQ:LUNA) with a Buy rating and a $10 price target. Henderson cites LUNA's focus on fiber technology diagnostics, collaborations with Lockheed Martin, Airbus, and Intuitive Surgical, and growth in EV battery products as reasons for optimism.

Portfolio Pulse from Lekha Gupta

May 22, 2023 | 7:09 pm

KULR

KULR Technology Group Inc (NASDAQ:KULR) shares are trading higher after the company announced a development contract from a US Armed Forces branch to develop battery packs for uninterruptible power supplies to mobile command centers. The deal terms were not disclosed.

Portfolio Pulse from Vandana Singh

May 22, 2023 | 6:14 pm

MSFT

Microsoft Co-Founder Bill Gates stated at a Goldman Sachs event that the key tech race to win is the development of a top AI agent, which will replace search engines, productivity tools, and Amazon. He expressed his admiration for the startup Inflection AI, backed by Reid Hoffman.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 5:34 pm