Streetbeat News

Partnerships

TSLA

BP plc is reportedly seeking to acquire Tesla supercharging sites and employees to expand its electric vehicle charging network. This follows Tesla's layoffs, including 500 employees responsible for its Supercharger network expansion. BP aims to spend $1 billion by 2030 to install over 3,000 charging locations in the U.S., with a focus on building 'Gigahubs' with 12 or more charging stations each. The move comes after BP signed a deal with Tesla last year for $100 million of supercharger hardware, with deployment expected to start by early 2025.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 8:33 pm

BTC-USD

DOGE-USD

ETH-USD

Cryptocurrency markets are experiencing slight gains amid news of Donald Trump accepting crypto donations and Market Vector's launch of the Meme Coin Index. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show marginal increases. Notably, exchange netflows have significantly dropped, and major U.S. banks are exploring tokenized asset settlements. Robinhood analysts express optimism for crypto volumes, and there's a positive outlook for the approval of Spot Ether ETFs.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 8:09 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) announced the release date for 'Lord of the Rings: The Hunt for Gollum' movie, set for 2026. The film, a collaboration with New Line Cinema, will be directed by Andy Serkis, who will also reprise his role as Gollum. The project promises to explore new storylines within J.R.R. Tolkien's universe, with Peter Jackson, Fran Walsh, and Philippa Boyens producing. Despite the excitement, casting and specific plot details remain undisclosed.

Portfolio Pulse from Franca Quarneti

May 09, 2024 | 7:37 pm

CPOP

DUOL

EMKR

SEZL

SGD

TIVC

Duolingo shares fell by 18% after reporting Q1 financial results, despite beating analyst estimates for earnings and sales. The company's Q2 and full-year revenue forecasts were slightly below estimates. Other stocks showed significant movement, with notable gainers including Pop Culture Group, Sezzle Inc., and Safe and Green Development, among others. Losers included Tivic Health Systems, EMCORE Corporation, and CytomX Therapeutics, with various reasons such as public offerings, mixed financial results, and clinical study data.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 5:57 pm

AMZN

CMCSA

DIS

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) CEO David Zaslav is optimistic about retaining NBA rights against rivals like Comcast Corp's NBCUniversal and Amazon.com Inc's Prime Video. The competition could lead to higher fees for fewer NBA games for Warner and Disney. Zaslav believes in the appeal of Warner's sports lineup, including NCAA, NHL, and Nascar, despite potential financial challenges.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 5:56 pm

NET

Cloudflare, Inc. (NYSE:NET) has partnered with the U.S. Department of Treasury and Pacific Northwest National Laboratory (PNNL) to enhance the cyber resilience of the financial services industry. Through this partnership, financial institutions using Cloudflare Gateway will gain access to Custom Indicator Feeds for advanced threat intelligence, aiding in defense against ransomware, phishing, and other cyber threats.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:32 pm

SPR

A key UK supplier for Boeing has issued a warning against the potential dismantling of Boeing's historic Belfast facility, emphasizing the negative impacts such a move could have on the supply chain and local economy.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:41 pm

CRM

GOOGL

META

MSFT

NVDA

French AI startup Mistral AI, founded by ex-Google and Meta researchers, is nearing a deal to raise capital at a $6 billion valuation, aiming to challenge Silicon Valley's dominance in AI. The funding round includes backers like General Catalyst and Lightspeed Venture Partners. Mistral's growth, with a valuation jump to over $2 billion in a year, showcases investor interest despite the competitive landscape dominated by firms like OpenAI. Mistral, advocating for open-source AI tools, has raised over $500 million, with investments from Nvidia, Microsoft, and Salesforce.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 4:11 pm

NFLX

RBLX

Netflix has partnered with Roblox to launch 'Nextworld,' a digital theme park within the Roblox platform, featuring content from Netflix's IPs such as 'Stranger Things,' 'One Piece,' and 'Cobra Kai.' This interactive space allows users to engage with characters, play minigames, and collect items related to Netflix shows. The platform also introduces a unique space called 'Fan Pod' for personalization with items earned or purchased using Roblox's in-game currency, Robux. The initiative aims to offer an immersive experience connecting fans with their favorite series and movies in a novel way.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:04 pm

EIS

ISRA

SPY

USO

NSC Coordinator John Kirby stated the U.S. continues to support Israel, ensuring the country receives the vast majority of its needed weapons. This reaffirms the strong U.S.-Israel alliance and ongoing military support.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:03 pm