Streetbeat News

Partnerships

AIRI

Air Industries Group has secured a $110 million contract to supply components for GTF aircraft engines, expanding its backlog to over $280 million. This 7-year contract is a significant boost for the company.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am

VERI

Veritone has announced a strategic partnership with Nuix to enhance the NEO platform and ecosystem, optimizing audio and visual workflows. This collaboration integrates Veritone's aiWARE™ with Nuix's platform to provide comprehensive solutions for handling various media files and ensuring data privacy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am

WIT

Wipro Limited has been selected by the John Lewis Partnership to modernize its IT infrastructure, extending their cloud services for four more years. This collaboration involves Wipro FullStride Cloud and Google Cloud, aiming to enhance agility, reduce costs, and streamline operations for JLP.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:58 am

GOOG

GOOGL

META

Google has reached a $250 million deal with California to fund newsrooms, ending proposed legislation that would have required tech companies to pay for news content. The deal, which includes an AI accelerator, has been criticized by journalist unions.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 10:55 am

BW

Babcock & Wilcox's B&W Environmental business segment has secured a contract worth over $8 million to design and supply a cooling system for a renewable energy facility in the UK.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:31 am

MSDTX

MSTR

MicroStrategy's innovative Bitcoin strategy, involving the use of corporate finance tools to accumulate Bitcoin, has significantly increased its market cap. This approach is gaining interest from other companies and even sports clubs, though it remains a radical step for many. The strategy's success has led to the launch of MSTX, a single-stock leveraged ETF for MicroStrategy.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 9:54 am

AMZN

WMT

Walmart+ is offering a 25% discount on Burger King meals through Grubhub, aiming to compete with Amazon Prime. This move is part of Walmart's strategy to enhance its membership program and attract more customers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:45 am

HUIZ

Huize has partnered with China Pacific Property Insurance to launch 'Little Scholar', a customized student accident insurance product. This plan offers comprehensive coverage for children aged 3 to 25, with protection up to RMB500,000 for accidents and illnesses.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:36 am

AMZN

AWS is expanding its presence in the Asia Pacific with a new region in Malaysia, planning to invest $6.2 billion and create over 3,500 jobs annually through 2038. This move aims to meet the growing demand for cloud services in the region.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:30 am

HMC

TM

TSLA

Alicia Garcia-Herrero from Bruegel and Natixis suggests that China's EV industry may not replicate the success of Japanese automakers like Toyota and Honda in the 1980s due to factors like protectionism and economic conditions. The EU's recent tariffs on Chinese EVs and reduced tariffs on Tesla's Chinese-made cars highlight the challenges and opportunities in the market.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 5:15 am