Streetbeat News

Partnerships

COST

Costco's 2Q 2024 earnings call provided insights into the company's performance and market dynamics. Key topics included membership fee strategy, U.S. and international expansion, competitive pricing, technology use, gross margin adherence, e-commerce strategy, discretionary sales, leadership strategy, vertical sourcing, partnerships with Instacart and Uber, warehouse cannibalization, SG&A rate, gas gallons growth, unit growth, non-foods innovation, and Costco Logistics growth.

Portfolio Pulse from Tornado

June 11, 2024 | 1:33 pm

VRNT

Verint Systems (NASDAQ: VRNT) has secured a $13 million multi-year contract with a Fortune 25 brand to deploy knowledge management solutions, including two AI-powered bots, across 60,000 contact center agents. This initiative aims to enhance customer and agent experiences while reducing operating costs.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:32 pm

DLMI

Horizon Fintex and Diamond Lake Minerals have entered into a $3.75 million share exchange agreement to enhance trading liquidity on the Upstream exchange. The deal involves Horizon Fintex issuing 1,250 common shares in exchange for 10 million newly issued shares in Diamond Lake Minerals. The partnership aims to bring new issuers to Upstream, increase trading liquidity, and provide economic benefits to shareholders.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 1:30 pm

UAA

Under Armour has entered a multi-year partnership with USA Football, becoming the official and exclusive uniform, apparel, and footwear partner of the U.S. National Team and USA Football through the 2028 Summer Olympics in Los Angeles.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:12 pm

CWAN

M&G Investments has chosen Clearwater Analytics (NYSE:CWAN) as its SaaS-based investment accounting solution to enhance its third-party insurance business.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:11 pm

RMNI

Ricoh Company, Ltd. has chosen Rimini Street, Inc. (NASDAQ:RMNI) to optimize and secure its Oracle EBS and Database instances. This move is part of Ricoh's strategy to explore new ERP solutions independent of Oracle.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:10 pm

AFRM

Affirm shares are trading higher following Apple's announcement that Affirm's payment products will be available to Apple Pay users in the US later this year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:07 pm

AAPL

AFRM

Apple has announced that Affirm payment products will be available for Apple Pay users in the US later this year, allowing pay-over-time options on iPhone and iPad. Affirm does not expect any material impact on revenue or gross merchandise volume in FY 2025.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:07 pm

CFLT

Confluent has launched a new SI partner program called 'Build With Confluent' to accelerate the development of real-time solutions such as GenAI bots and fraud detection.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:07 pm

ADV

Advantage Solutions Inc. (NASDAQ:ADV) and L.A. Libations have announced a joint venture to provide national retail solutions for emerging consumer packaged goods and beverage brands.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:06 pm