Streetbeat News

Partnerships

CAH

CSCO

NVDA

PTON

QQQ

SPY

Wall Street is set for a cautious start as traders await the consumer price inflation report. Bond yields are slipping, and if inflation data shows a continued decrease, the Federal Reserve may cut rates. Nvidia and other AI-levered tech stocks could benefit from strong AI server demand. Peloton surged on a partnership with Alphabet's Fitbit, while Kellanova rose on acquisition news. Several companies, including Cardinal Health and Cisco, are reporting earnings. Bitcoin topped $61K, and global markets showed mixed reactions.

Portfolio Pulse from Shanthi Rexaline

August 14, 2024 | 11:11 am

FVRR

Fiverr has announced a new partnership with Martha Stewart, who will serve as a brand ambassador and the star of its advertising campaign and social media content.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:09 am

ZOM

Zomedica Corp. (NYSE:ZOM) has expanded its market reach into Costa Rica by naming SIRE Veterinario, S.A. as the exclusive distributor of its veterinary health products in the country.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:33 am

ALK

On August 13, Alaska Airlines (ALK) and Hawaiian Airlines agreed with the Department of Justice (DoJ) to further extend the review period until August 16, 2024. Both airlines continue to cooperate with the DoJ in this review process.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:09 am

CETY

Clean Energy Technologies, Inc. (CETY) has signed a service agreement with Green Energy Ventures LTDA to expand into the Brazilian market. GEV will act as CETY's exclusive distributor and commercial agent in Brazil, focusing on market assessment, business development, and product installations. This partnership aims to capitalize on Brazil's growing demand for sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:32 am

HNHPF

NVDA

Foxconn is on track to ship the latest Nvidia AI servers next quarter, according to a report by Nikkei. This development is significant for both companies as it highlights their collaboration in the AI server market.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:56 am

TSLA

Tesla CEO Elon Musk suggested inviting Donald Trump to visit Tesla's gigafactory in Texas, highlighting Trump's support for American manufacturing. Despite Trump's opposition to total electrification and EV subsidies, Musk believes the elimination of subsidies would slightly impact Tesla but devastate competitors. Trump has shown some support for EVs following Musk's endorsement.

Portfolio Pulse from Anan Ashraf

August 14, 2024 | 7:57 am

WKEY

WISeKey has announced a partnership with Venafi to enhance its cybersecurity capabilities, focusing on post-quantum encryption services.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:34 am

NVDA

SERV

Serve Robotics Inc (NASDAQ:SERV) shares surged in after-hours trading following the release of its Q2 financial results. The company reported higher-than-expected revenue of $468,375 but a larger-than-expected EPS loss of 27 cents. Serve Robotics also saw significant year-over-year growth in daily supply hours and active robots. The company commenced manufacturing on a 2,000-robot fleet and expanded agreements with Magna and Ouster. Serve ended the quarter with $28.8 million in cash and plans to deploy 250 additional robots in Los Angeles by Q1 2025. NVIDIA Corp (NASDAQ:NVDA) holds a 10% stake in Serve Robotics.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 9:15 pm

CART

IBTA

Instacart (NASDAQ:CART) and Ibotta (NYSE:IBTA) have announced a strategic partnership to provide Instacart customers with access to Ibotta's digital coupons. This collaboration aims to help consumers save money on their everyday purchases by delivering timely and relevant coupons.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:01 pm