Streetbeat News

Partnerships

FXI

JXJT

JX Luxventure's subsidiary, JX Hainan, has entered a $100 million cooperation agreement with Tianjin Auto Trading to market and sell high-end foreign luxury automobiles. CEO Sun 'Ice' Lei emphasized the strategic partnership's potential for revenue growth and profitability by leveraging Jinxuan's automotive procurement expertise and Tianjin Auto Trading's sales platform in China.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:16 pm

LAES

WKEY

WISeKey International Holding Ltd. (NASDAQ: WKEY) is establishing a new subsidiary, SEALCOIN AG, to house its SEALCOIN project. The incorporation is expected to be completed in early July 2024. The Hashgraph Association will be a strategic investor in the subsidiary.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:16 pm

EOSE

Eos Energy shares are trading higher after the company expanded a project with Indian Energy and the California Energy Commission.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:10 pm

COIN

HOOD

XRPUSD

The cryptocurrency industry is intensifying its political efforts ahead of the 2024 election, targeting both major presidential candidates. Crypto advocates are frustrated with SEC Chair Gary Gensler's regulatory approach and are seeking to influence policy. High-profile crypto executives, including those from Ripple and Coinbase, attended a fundraiser hosted by Donald Trump, who promised to support innovation if re-elected. Potential SEC chair nominees for a future Trump administration include J. Christopher Giancarlo, Heath Tarbert, Dan Gallagher, and Paul Atkins. The Biden administration faces pressure to address its perceived anti-crypto stance.

Portfolio Pulse from Khyathi Dalal

July 02, 2024 | 5:03 pm

SSP

The E.W. Scripps Company (NASDAQ:SSP) has signed a multi-year agreement with the Florida Panthers to broadcast all locally produced preseason, regular-season, and round one postseason games. The games will be available on cable, satellite, and over-the-air television in Miami/Fort Lauderdale, West Palm Beach, and Fort Myers. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:03 pm

NVDA

TSM

VTI

XLK

Nvidia Corp (NVDA) is facing antitrust charges from French regulators, leading to a decline in its stock price. However, Nvidia has positive news with a $504 million funding package from the Biden administration to support technology hubs in the U.S. Additionally, Nvidia supplier Taiwan Semiconductor Manufacturing Co (TSM) plans to boost capital expenditures significantly in 2025. Nvidia shares have gained 188% in the last 12 months, and investors can gain exposure via Vanguard Total Stock Market ETF (VTI) and SPDR Select Sector Fund – Technology (XLK).

Portfolio Pulse from Vandana Singh

July 02, 2024 | 4:53 pm

AAL

American Airlines (NASDAQ:AAL) has announced a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines, aiming to power regional jets with zero inflight emissions. This move aligns with American's sustainability goals and includes increased investment in ZeroAvia. The initiative supports American's goal of achieving net-zero greenhouse gas emissions by 2050.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 4:16 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) has seen a 30% stock surge in the past month, outperforming Tesla's 25% rise. Key factors include strong production figures and a significant investment from Volkswagen. Technical indicators also signal a bullish trend for Rivian.

Portfolio Pulse from Surbhi Jain

July 02, 2024 | 4:13 pm

GOOG

GOOGL

Google and ENGIE have signed new Corporate Power Purchase Agreements (cPPAs) for 118 MW of renewable power in Belgium. ENGIE will support Google's operations and expansion in Belgium with energy from new and existing wind farms. This partnership aligns with Google's goal of achieving net-zero emissions and 24/7 carbon-free energy by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:11 pm

ACHR

STLA

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after receiving an additional $55 million investment from Stellantis N.V. (NYSE:STLA) following a successful transition flight test milestone. This investment is part of a strategic funding agreement and adds to previous investments and stock purchases by Stellantis. Archer plans to develop an air mobility network in the San Francisco Bay Area.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 4:03 pm