Streetbeat News

Partnerships

AMZN

GOOG

GOOGL

WMT

GooglePay, AmazonPay, and Walmart-backed PhonePe, along with Indian fintech firms Cred and Mobikwik, are set to join the Reserve Bank of India's digital currency pilot project. These firms, which account for over 85% of digital payments via UPI, are expected to roll out e-rupee access within the next three to four months. The inclusion of these firms is anticipated to boost e-rupee transaction volumes.

Portfolio Pulse from Nivedita Hazra

August 05, 2024 | 10:07 am

KBR

KBR has secured an estimated $153 million cost-plus-fixed-fee recompete contract to support Naval Test Wings Atlantic and Pacific aircrew services over a 5-year period.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:06 am

BNTX

GMAB

Genmab A/S (NASDAQ:GMAB) will take over the development and potential commercialization of acasunlimab after BioNTech SE opted out. Genmab plans to start a Phase 3 study in late 2024. BioNTech's decision is based on its portfolio strategy, but their collaboration in antibody science continues.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:53 am

Aurora Mobile Limited (NASDAQ:JG) has signed a strategic agreement with Bank of Zhangjiakou to support the bank's digital transformation using its customer engagement and marketing technology services.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:02 am

MKL

Markel Corporation has announced strategic hires in Singapore and Hong Kong to strengthen its operations in the Asia Pacific region.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:11 am

CWAN

FTDR

LUMN

NEO

PSN

RGEN

SHAK

The article highlights the top-performing mid-cap stocks from July 28 to August 3, including Lumen Technologies, Shake Shack, Parsons Corp, Clearwater Analytics Holdings, Repligen Corp, Frontdoor Inc, and NeoGenomics. These companies saw significant stock price increases due to positive earnings reports, supply agreements, and raised revenue outlooks.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 12:01 am

KARS

LCID

TSLA

UBER

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

TSLA

Elon Musk discussed the idea of a 'government deficiency commission' with Donald Trump, expressing interest in joining it to reduce regulatory accumulation. Musk believes this could help key projects like high-speed rail. Despite Trump's stance against EV subsidies, Musk thinks the impact on Tesla would be slight and could benefit the company long-term.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 7:44 am

TSLA

Elon Musk projects that Grok, an AI system by xAI, will become the world's leading AI system by leveraging real-time data from X (formerly Twitter), Tesla cars, and Optimus robots. Musk emphasizes the importance of potent training compute and efficient use of data. xAI recently raised $6 billion in Series B funding and has attracted several ex-Tesla employees.

Portfolio Pulse from Rounak Jain

August 03, 2024 | 3:56 am

BTCUSD

ETHUSD

Crypto industry executives are set to meet with White House officials to discuss potential policy changes around digital assets. This follows a previous roundtable in July and comes amid political promises and criticisms regarding cryptocurrency regulation.

Portfolio Pulse from Rounak Jain

August 03, 2024 | 3:06 am