Streetbeat News

Partnerships

DELL

HPE

NVDA

Jim Cramer highlighted the strategic alignment of Hewlett Packard Enterprise (HPE) and Dell Technologies (DELL) with Nvidia (NVDA) to leverage advancements in AI, GPUs, and data centers. HPE reported better-than-expected Q2 results, while Dell's focus on AI and its partnership with Nvidia were emphasized. Stock movements: HPE up 12.59%, DELL down 0.17%, NVDA up 2.49%.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 2:47 pm

WINA

Winmark Corporation has announced a resale partnership with Impex and Marcy, which could potentially expand its market reach and enhance its resale business operations.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:38 pm

CCG

XIACF

Cheche Technology Inc. (NASDAQ: CCG) reported a modest 1% year-on-year revenue growth in Q1, despite a 9.2% increase in written premiums and a 20% rise in transactions. The sluggish Chinese car market and intense competition are pressuring pricing and margins. Cheche's partnerships with NEV manufacturers, including Xiaomi and Volkswagen, are crucial for future growth. However, the company faces challenges in improving revenue and margins, with a gross profit margin of just 4.3% and a widened net loss. Cheche's shares have plummeted nearly 95% since its public listing.

Portfolio Pulse from The Bamboo Works

June 05, 2024 | 2:33 pm

CPAY

MA

Corpay has launched the Corpay World Elite Business Mastercard, aimed at enhancing company spending and employee travel. The card offers cashback, Priority Pass, and Mastercard Travel & Lifestyle Services.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:05 pm

AMZN

CMCSA

DIS

The NBA is nearing a $76 billion TV deal with NBC, ESPN, and Amazon, which will span 11 years and include regular-season and playoff games, as well as the new NBA in-season tournament and 'play-in' games. NBC, ESPN, and Amazon are expected to pay significant annual fees, with the deals set to begin after the 2024-2025 season.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 2:01 pm

VALE

WAB

Vale and Wabtec have signed a R$1.8 billion services agreement to enhance the Carajás Railway locomotive fleet.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:53 pm

PSHG

Performance Shipping has secured a contract with Aramco Trading Fujairah for a charter rate of $41,000 per day for approximately 24 months.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:30 pm

XTIA

XTI Aerospace shares are trading higher after the company announced Mesa Air Group is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:29 pm

SYTA

TMUS

Siyata Mobile Inc (NASDAQ:SYTA) shares surged 42.5% after announcing a partnership with JD Telecom to expand distribution of its SD7 handsets, VK7 Vehicle Kits, and related components. JD Telecom is a strategic distribution partner for T-Mobile US Inc (NASDAQ:TMUS).

Portfolio Pulse from Adam Eckert

June 05, 2024 | 1:21 pm

INTC

Intel Corp (NASDAQ: INTC) shares are rising after announcing a joint venture with Apollo-managed funds, involving an $11 billion investment for a 49% equity interest in Intel's Fab 34 in Ireland. This move allows Intel to redeploy funds while maintaining control over Fab 34.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 1:19 pm