Streetbeat News

Partnerships

AAPL

META

Apple Inc. (NASDAQ:AAPL) is in talks with Meta Platforms Inc. (NASDAQ:META) to integrate Meta’s generative AI model into Apple’s new AI system, Apple Intelligence. This move is part of Apple's broader strategy to enhance its AI capabilities through partnerships with various AI firms.

Portfolio Pulse from Bibhu Pattnaik

June 23, 2024 | 6:39 pm

AAPL

This week in Apple Inc. (NASDAQ:AAPL) news: Apple's AI rollout will extend beyond fall, with some features not expected until 2025. The company plans to launch a significantly skinnier iPhone 17. Apple's new AI features will only be accessible on the iPhone 15 Pro and Pro Max models. Vision Pro users are reportedly not using the device extensively, and Apple may partner with Japanese firms like Canon to amplify Vision Pro's reach.

Portfolio Pulse from Benzinga Neuro

June 23, 2024 | 11:02 am

AGAE

Allied Gaming & Entertainment (AGAE) has entered into a termination agreement with Elite Fun Entertainment Limited and its affiliates as of June 15, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:11 pm

GNENF

PILBF

Pilbara Minerals (OTC:PILBF) plans to invest $800 million to expand its Pilgangoora lithium operation in Australia, aiming to significantly increase production capacity. The expansion aligns with the growing demand for electric vehicle batteries. Pilbara is also exploring a partnership with Ganfeng Lithium (OTCPK:GNENF) for a lithium conversion facility.

Portfolio Pulse from Stjepan Kalinic

June 21, 2024 | 7:25 pm

AREB

CRKN

FDS

KAVL

SHCR

SRPT

SWBI

U.S. stocks traded mixed with the Nasdaq Composite moving lower. FactSet Research Systems posted better-than-expected earnings, leading to a 3% rise in its stock. American Rebel Holdings, Sharecare, and Sarepta Therapeutics saw significant gains due to various positive developments, while Kaival Brands Innovations, Crown Electrokinetics, and Smith & Wesson Brands experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:58 pm

AMC

MET

NFLX

SPG

Netflix Inc (NASDAQ:NFLX) is diversifying by opening two 'experiential entertainment venues' in Texas and Pennsylvania shopping malls, which could benefit both Netflix and the mall sector. The new venues will feature experiences based on popular Netflix shows, restaurants, and merchandise. This move could help fill vacancies in malls and increase foot traffic.

Portfolio Pulse from Chris Katje

June 21, 2024 | 6:43 pm

AREB

KAVL

SHCR

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

ACHR

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher following the announcement of a planned air mobility network in the San Francisco Bay Area. The network will connect five strategic locations, significantly reducing travel time. Kilroy Realty Corporation has signed an MOU to anchor the network at Kilroy Oyster Point. ACHR shares are up 13.4% on above-average trading volume, with 28.25% of shares sold short. Analysts have an average 12-month price target of $7.88 for the stock.

Portfolio Pulse from Erica Kollmann

June 21, 2024 | 5:19 pm

BNB

TONUSD

UPHOLD

USDTUSD

Binance has integrated Tether (USDT) on The Open Network (TON), enhancing transaction speeds and lowering fees for users. This comes ahead of regulatory changes in the EEA, with MiCA imposing restrictions on unauthorized stablecoins. Uphold will delist USDT and five other stablecoins by July 1.

Portfolio Pulse from Murtuza Merchant

June 21, 2024 | 5:13 pm

ARES

SPY

Investments in American sports franchises have outperformed the equities market, with the Ross-Arctos Sports Franchise Index (RAFSI) showing 1,260% returns since 2000 compared to the S&P 500's 620%. This outperformance is driven by lucrative media rights deals and the rise of streaming. Private equity firms like Blackstone, Ares Management, and Carlyle Group are increasingly investing in sports franchises.

Portfolio Pulse from Hayden Buckfire

June 21, 2024 | 4:35 pm