Streetbeat News

Partnerships

BBAI

BigBear.ai Holdings Inc (NYSE:BBAI) shares surged by 12.4% after securing a $165.15 million contract with the U.S. Army for Global Force Information Management Production Services. This contract supports the Army's digital transformation and modernization efforts.

Portfolio Pulse from Henry Khederian

October 14, 2024 | 3:22 pm

IDGT

META

MRVL

SPRX

Marvell Technology's stock is rising due to its collaboration with Meta Platforms on a custom 5nm network interface controller ASIC. This development enhances performance and efficiency for Meta's infrastructure needs. Marvell will also contribute to the Open Compute Project community.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 3:10 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) has seen a 9% stock surge following a $2 billion loan agreement with Fortress Investment Group, aimed at expanding its loan platform. The company has also introduced new credit cards and is benefiting from positive economic indicators and a recent Federal Reserve rate cut. With a Golden Cross and strong technical indicators, SoFi is positioned for potential further gains ahead of its upcoming earnings report.

Portfolio Pulse from Surbhi Jain

October 14, 2024 | 3:08 pm

LUV

Southwest Airlines shares are fluctuating after Elliott Investment Management called for a special shareholder meeting and nominated eight directors to the board. Elliott, holding an 11% stake, is pushing for governance changes due to Southwest's post-pandemic profitability struggles. Despite Southwest's new 'Even Better' plan, Elliott insists on new management for effective execution.

Portfolio Pulse from Adam Eckert

October 14, 2024 | 3:02 pm

BABA

PDD

Alibaba's Lazada is intensifying efforts to attract luxury brands like Armani to strengthen its position in Southeast Asia's e-commerce market. Lazada aims for $100 billion in e-commerce volume by 2030 and recently became EBITDA positive. Alibaba's international commerce retail business grew by 38% in Q1, and its stock has gained over 28% in the last 30 days.

Portfolio Pulse from Anusuya Lahiri

October 14, 2024 | 2:59 pm

EIS

FXI

ISRA

China's Foreign Minister expressed willingness to resume exchanges with Israel as the situation eases, according to state media.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 2:26 pm

EIS

FXI

ISRA

China's Foreign Minister has urged for an immediate, complete, and permanent ceasefire in Gaza and the release of all hostages during phone talks with the Israeli Foreign Minister.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 2:12 pm

IGV

NOW

XDAT

ServiceNow plans to invest $1.5 billion in the UK over the next five years, expanding its workforce and enhancing data centers with Nvidia GPUs. This move aims to leverage AI and provide reskilling opportunities for UK workers. ServiceNow shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 1:46 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) shares are surging after announcing a $2 billion loan agreement with Fortress Investment Group, enhancing its loan platform business. This move aligns with SoFi's strategy to diversify revenue sources.

Portfolio Pulse from Adam Eckert

October 14, 2024 | 1:30 pm

GENI

The Los Angeles Rams have partnered with Genius Sports to enhance fan experience at SoFi Stadium with augmented in-game highlights using Next Gen Stats. Verizon will sponsor the content, integrating their brand into the experience.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:20 pm