Streetbeat News

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FNCL

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JPMorgan Chase & Co. (NYSE:JPM) has introduced an AI assistant, LLM Suite, to over 60,000 employees to enhance productivity. The AI tool, developed with OpenAI's large language model, will assist in tasks like writing emails and reports. Competitors like Morgan Stanley (NYSE:MS) and Apple Inc. are also integrating AI tools. JPMorgan's shares rose 0.97% following the announcement. ETFs like IYG, XLF, IYF, VFH, and FNCL also saw slight gains.

Portfolio Pulse from Michael Juliano

August 09, 2024 | 7:47 pm

MSFT

PLTR

Palantir shares are trading higher due to strong earnings and a new partnership with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:17 pm

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Floki has announced a partnership with Sunderland AFC for the 2024/25 season, aiming to boost the meme coin's real-world adoption. The partnership will showcase Floki's Valhalla game to a large audience, potentially driving a bull run for the coin. Despite recent price volatility, 71% of Floki holders are currently making a profit.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 7:06 pm

MSFT

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher following a strong Q2 earnings report, strategic partnerships with Wendy's QSCC and Microsoft Corp. (NASDAQ:MSFT), and positive analyst outlooks.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 6:53 pm

GOOG

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NVDA

Perplexity AI's revenue and usage have surged by 700% since the start of the year, driven by a $250 million funding round. The company is transitioning from a subscription-based model to an advertising model to compete with Google. Investors include Nvidia, Jeff Bezos, and others. The company has faced plagiarism allegations but has made changes to address them.

Portfolio Pulse from Michael Juliano

August 09, 2024 | 6:18 pm

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Toyota Motor Corp (NYSE:TM) has seen a significant decline in its stock price, now trading at $168, which is 33% below its 52-week high. The downturn is attributed to a broader sell-off in Japanese equities and unwinding of speculative yen carry trades. Despite no immediate rate hikes from the Bank of Japan, Toyota faces challenges including reliance on hybrid technology and certification irregularities. Technical indicators show a bearish trend, with the stock below key moving averages.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 6:07 pm

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Wall Street's momentum slowed on Friday after a strong Thursday rally. Major indices were mostly flat, with the S&P 500 slightly up. Palantir hit a 3-year high due to a partnership with Microsoft. Bonds rallied, and the dollar weakened. Key stock movers included Eli Lilly, Cisco, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 5:13 pm

NFLX

PARA

Netflix has announced that CBS Sports will produce the two NFL Christmas Day games on its platform this year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:06 pm

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ISRA

SPY

The U.S. has decided not to impose sanctions on the Israel Defense Forces' Netzah Yehuda battalion for human rights violations in the West Bank. This decision, communicated by Secretary of State Antony Blinken to Israeli Defense Minister Yoav Gallant, marks a significant diplomatic achievement for Gallant and helps maintain strong U.S.-Israel relations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:05 pm

EUTLF

EQT has entered into exclusive negotiations to acquire a majority stake in Eutelsat Group's Ground Station Infrastructure Business, valuing the new entity at an enterprise value of €790 million. The Ground Station Business includes approximately 1,400 antennas across more than 100 locations globally, serving Eutelsat Group, OneWeb, and other third-party customers. EQT plans to support the business through investments and M&A-driven growth.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:56 pm