Streetbeat News

Partnerships

RBLX

SKX

SLE

Skechers Inc. (SKX) and Super League Enterprise Inc (SLE) have partnered to launch a virtual store in Roblox Corp's (RBLX) Livetopia's Topia Mall, aiming to engage young consumers with immersive experiences. The store has seen significant engagement, with 3.4 million visits and 4 million try-ons within the first five weeks. This initiative aligns with Gen Z's preferences for shopping in the metaverse, as indicated by a Roblox survey.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 4:00 pm

CRM

FEPI

MRAD

NTDTY

Salesforce, Inc. (CRM) has partnered with NTT DATA Group Corp. (NTDTY) to enhance its application environment through standardization and streamlining. This collaboration will involve NTT DATA managing and developing applications across Salesforce's organization, including its internal Salesforce instance and various cloud services. The partnership aims to consolidate managed services across the Salesforce stack, allowing Salesforce to focus on new capabilities and improved insights and productivity for customers.

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 3:56 pm

AAPL

GOOG

GOOGL

META

QQQ

The article discusses the current state of the stock market, highlighting the resistance zone of Invesco QQQ Trust Series 1 (QQQ) and the potential impact of upcoming CPI and PPI data. It mentions Apple Inc's (AAPL) talks with OpenAI to integrate ChatGPT on iPhones, which is seen as negative for Alphabet Inc (GOOG, GOOGL). The article also notes positive early trade money flows in AAPL, Amazon.com Inc (AMZN), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA), with negative flows in GOOG and Meta Platforms Inc (META), and mixed flows in QQQ and SPY. Additionally, it mentions the buying of gold, oil, and Bitcoin in early trade.

Portfolio Pulse from The Arora Report

May 13, 2024 | 3:22 pm

CBWTF

Auxly Cannabis Group Inc. (OTCQB:CBWTF) reported record Q1 2024 financial results with a 5% revenue increase to $18.4 million and a significant 1,523% improvement in adjusted EBITDA. Despite a net loss of $26 million, operational highlights include debt conversion by Imperial Brands plc and leadership in Canada's vapor market. The company aims for sustainable growth and profitability, with shares slightly up by 0.23% at $0.0444.

Portfolio Pulse from Patricio Liddle

May 13, 2024 | 3:13 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are experiencing an uptick amid a rise in bitcoin prices, attributed to Metaplanet's entry into the crypto space and an increase in long-term bitcoin holders. This comes despite bitcoin's recent sideways trend and the impact of last month's halving event on mining stocks.

Portfolio Pulse from Adam Eckert

May 13, 2024 | 2:52 pm

EWY

FXI

South Korean Foreign Minister Cho has extended an invitation to China's Wang to visit South Korea, aiming to enhance economic cooperation, particularly in supply chain management. Additionally, Cho has urged China to contribute constructively to resolving North Korea's nuclear issues and expressed concerns over the forced repatriation of North Korean defectors, seeking China's cooperation on the matter.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:27 pm

MCD

McDonald's has initiated a collaboration with a Chinese watchdog in response to reported food safety concerns, committing to enhance restaurant regulation. This move comes after unspecified food safety issues were highlighted, prompting the fast-food giant to take immediate action to address these concerns and ensure compliance with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:22 pm

VFF

Village Farms International (NASDAQ:VFF) reported a 49% increase in cannabis sales to $37.4 million, marking a strong start to the fiscal year. The company is strengthening its board with the addition of Carolyn Hauger, who has extensive finance and operations experience. Village Farms is focusing on expanding its cannabis market in Europe, particularly in Germany, where it has begun shipping its Canadian strains. The company's shares saw a slight increase in price following these announcements.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 2:17 pm

INTC

Kevin O'Buckley has been appointed as the new senior vice president and general manager of Foundry Services at Intel Corporation, taking over from Stuart Pann who retires at the end of May. O'Buckley, now part of Intel's executive leadership, will report directly to CEO Pat Gelsinger and oversee the company's systems foundry growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:16 pm

TMC

TMC's subsidiary, NORI, has submitted a comprehensive environmental data set to the International Seabed Authority (ISA), detailing findings from the NORI-D exploration area up to January 2022. This submission includes extensive biological, seafloor imagery, and time-series data from three years of monitoring. It's part of a larger effort involving hundreds of terabytes of data collected over more than a decade, aimed at supporting NORI's application for an exploitation contract in the Clarion Clipperton Zone (CCZ).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:15 pm