Streetbeat News

Partnerships

BYDDF

BYDDY

TSLA

BYD's battery unit, FinDreams, will start supplying cells to Tesla's energy storage division in China from Q1 next year. FinDreams is expected to supply over 20% of the cells for Tesla's Shanghai Megafactory, which has an annual capacity of 40 GWh.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 3:03 pm

BA

Elon Musk extended his best wishes to Boeing for the first crewed test flight of their Starliner spacecraft to the ISS. The mission, crucial for Boeing's entry into the commercial spaceflight sector, faced multiple delays but was successfully launched on June 5.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 2:53 pm

EWC

SNDL

SNDL's CEO anticipates significant consolidation in the Canadian cannabis sector over the next 3 to 5 years, as stated during the KCSA Investor Conference.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:50 pm

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