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ENTG

ON

Entegris has entered a long-term supply agreement with Onsemi to provide a range of chemical mechanical planarization (CMP) solutions for silicon carbide (SiC) applications.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:05 am

F

Ford Pro has launched the new 2025 Ford Police Interceptor Utility, which includes a hybrid powertrain option. This move is expected to enhance Ford's position in the law enforcement vehicle market.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:03 am

BP

SHEL

Shell and BP are set to fund the restart of South Africa's Sapref refinery, which they are selling to the government for 1 rand. The companies will pay about $15 million to the Central Energy Fund for operational costs. The deal aims to revive the refinery and secure petroleum supplies amid declining refining capacity in South Africa.

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 9:48 am

BTCUSD

Rep. Matt Gaetz and Rep. Vicente Gonzalez are urging the Biden administration to ease the US travel advisory for El Salvador from Level 3 to Level 1, citing improvements in law and order. Gaetz, a known Bitcoin supporter, has also proposed a bill to allow federal income tax payments in Bitcoin.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 8:58 am

TSLA

Tesla CEO Elon Musk emphasized the need to make the Cybertruck more affordable in the future. The company plans to introduce a lower-priced version in 2025. Tesla is ramping up production with a goal of delivering 250,000 units starting in 2025 and aims for Cybertruck profitability by the end of the year. The use of in-house dry cathode 4680 cells is expected to reduce costs significantly.

Portfolio Pulse from Anan Ashraf

August 07, 2024 | 8:10 am

DIS

Economist Peter Schiff criticized the Federal Reserve's inflation management strategy, using the recent price hikes of Disney+ and Hulu as an example. Schiff sarcastically thanked Fed Chair Jerome Powell for bringing inflation 'close enough to 2%' to initiate interest rate cuts, suggesting that if inflation were still around 5%, Disney might have increased prices by 50%. Starting October 17, Disney+ with ads will cost $9.99 per month, a 25% increase, while the ad-free version will rise by 14% to $15.99 per month.

Portfolio Pulse from Ananya Gairola

August 07, 2024 | 8:02 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has lost a major European customer, Rossmann, due to CEO Elon Musk's endorsement of Donald Trump. Rossmann, a Germany-based pharmacy chain, decided to stop purchasing Tesla EVs, citing a contradiction between Musk's political support and Tesla's environmental values. This decision, although involving a small number of vehicles, underscores the potential global impact of Musk's political choices on Tesla's business. Tesla's stock was trading 2.77% lower in the after-hours market following the news.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 7:58 am

AMZN

PEGA

Pegasystems Inc. (NASDAQ:PEGA) announced it will use the AWS European Sovereign Cloud to enhance data control for EU clients. The Pega EU Service Boundary will launch at the end of 2025, ensuring data is stored and processed within the EU to meet stringent digital sovereignty requirements.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:39 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is recalling 1.7 million vehicles in China due to concerns that the front trunk may open while driving, potentially causing crashes. This follows a similar recall of 1.8 million vehicles in the U.S. The issue will be addressed via an over-the-air software update.

Portfolio Pulse from Anan Ashraf

August 07, 2024 | 7:04 am

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) is expected to report higher Q2 earnings, with analysts projecting earnings of 15 cents per share and revenue of $643.34 million. The company recently suspended its 24-hour trading service due to a third-party issue. Analysts have updated their ratings, with Citigroup upgrading the stock to Neutral and Barclays and Piper Sandler raising their price targets.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 6:53 am