Streetbeat News

Partnerships

AIRI

PTON

WSM

U.S. stocks fell with the Nasdaq down over 1%. Williams-Sonoma shares dropped 8% after Q2 results, despite beating EPS expectations. Peloton shares surged 37% on strong results. Air Industries Group shares soared 106% after securing a $110 million contract.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 6:47 pm

PSN

Parsons Corp has been awarded a contract worth nearly $46 million to oversee operations technology maintenance services for a major state Department of Transportation. This contract highlights Parsons' role in infrastructure and technology services.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:42 pm

FUBO

FuboTV Inc. has launched BKFC TV, the first free ad-supported streaming TV channel from Bare Knuckle Fighting Championship, expanding its sports content offerings.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:01 pm

CNPOF

HITI

POSAF

High Tide, POSaBIT, and RIV Capital are set to release their earnings reports, with each company showing signs of growth and strategic expansion in the cannabis industry. High Tide is expanding its retail presence and loyalty program, POSaBIT is overcoming payment challenges and aiming for profitability, and RIV Capital is progressing with its merger with Cansortium.

Portfolio Pulse from Jelena Martinovic

August 22, 2024 | 5:23 pm

BYDDF

BYDDY

Chinese EV maker BYD is considering three Mexican states for a new manufacturing plant, evaluating various state incentives. The plant will initially produce 150,000 units, with plans to expand. The facility will focus on the Mexican market, with no current plans for U.S. market entry.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 4:51 pm

GOOGL

Google Cloud has announced the launch of the Jamba 1.5 Model Family from AI21 Labs on Vertex AI Model Garden. This includes two models, Jamba 1.5 Mini and Jamba 1.5 Large, designed for enterprise applications such as customer service and financial analysis. These models offer advanced features and are available as Model-as-a-Service on Google Cloud's Vertex AI platform.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:38 pm

ACN

AMZN

IETC

JGRW

Accenture has expanded its collaboration with Amazon's AWS to launch the Accenture Responsible AI Platform, which helps organizations adopt and scale AI responsibly. The platform integrates Accenture's insights and AWS AI services to ensure AI compliance and governance. Accenture's recent financial performance showed a slight miss in sales and EPS compared to analyst expectations.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:28 pm

AIRI

CYTH

OBLG

PTON

REVB

RZLV

U.S. stocks fell as initial jobless claims rose slightly more than expected. Peloton, Rezolve AI, and Air Industries saw significant stock gains due to positive news, while Revelation Biosciences, Cyclo Therapeutics, and Oblong experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 4:16 pm

CVX

DRLL

WDS

XLE

Chevron shares are trading higher after being granted a greenhouse gas assessment permit offshore Western Australia. The permit involves a joint venture with Woodside Energy and a pending stake transfer to GS Caltex. This complements Chevron's existing CCS projects and could expand its portfolio in Australia.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:14 pm

AIRI

Air Industries Group (NYSE:AIRI) has secured a $110 million, seven-year contract to produce Thrust Struts for the Geared Turbo-Fan aircraft jet engine, marking its largest contract to date. This contract will commence in January 2025 and is expected to significantly boost the company's sales and production capacity.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 3:46 pm