Streetbeat News

Products Services

OSK

Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has secured a $231.9 million contract from the U.S. Army for modernized heavy tactical vehicles and related kits.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:05 am

CMS

Consumers Energy plans to install 1,500 new EV charging stations in Michigan by the end of the decade, as part of its Transportation Electrification Plan. The initiative aims to support the growth of electric vehicles and clean transportation in the state.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:03 am

FUTU

Futu Holdings Limited (NASDAQ:FUTU) has announced that its subsidiary, Futu Securities International (Hong Kong) Limited, has upgraded its Type 1 license to include virtual asset dealing services. This will allow Futu Securities to offer virtual asset services to both retail and professional investors in Hong Kong.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:02 am

IDYA

Ideaya Biosciences announced promising clinical data for its IDE397 Phase 2 monotherapy in MTAP-deletion urothelial and non-small cell lung cancer patients, showing high response and disease control rates with minimal adverse effects.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:02 am

POAHY

RIVN

TSLA

VWAGY

Volkswagen's subsidiary Porsche is accelerating its shift to electric vehicles by ending the production of some internal combustion engine models earlier than planned. This move follows Volkswagen's recent $5 billion investment in Rivian Automotive, a competitor to Tesla. Porsche will discontinue petrol-powered versions of its Macan SUV and 718 sports cars to focus on electric versions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:57 am

AAPL

MSFT

Microsoft has instructed its employees in China to switch from Android phones to iPhones for work, as part of its Secure Future Initiative. This move is aimed at enhancing security and is influenced by the fragmented nature of Android app stores in China and the absence of Google services.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:52 am

AAPL

Apple is reconsidering plans to manufacture iPads and AirPod cases in India, driven by the Indian government's initiative to attract more supply chains. The company is ramping up local production of iPhones and exploring partnerships with Jabil and Foxconn for AirPod components.

Portfolio Pulse from Nivedita Hazra

July 08, 2024 | 9:42 am

UXIN

Uxin Limited (NASDAQ: UXIN) has announced a strategic partnership with Zhengzhou Airport Industry to form a joint venture, Uxin (Zhengzhou) Intelligent Remanufacturing Co., Ltd. Uxin will contribute RMB120 million, while Zhengzhou Airport Industry will contribute RMB50 million. The joint venture aims to establish a new used car super store in Zhengzhou, promoting the automotive aftermarket industry in Henan Province.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 9:09 am

TSLA

Tesla's FSD revenue is nearing a $1 billion annual run-rate, and a fund manager suggests breaking out AI and robotics numbers to enhance valuation. Tesla's automotive business faces challenges, but its AI and robotics segments, including FSD and robotaxis, show promise. The upcoming Aug. 8 robotaxi event may provide more insights.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 9:00 am

TSLA

Elon Musk has denied rumors of a refreshed Tesla Model Y launching this year, urging fans to stop speculating to avoid hurting current sales. The Model Y is Tesla's bestselling car, and rumors of a refresh emerged after the re-engineering of the Model 3. Despite a 4.8% drop in global deliveries in Q2, Tesla still beat consensus estimates.

Portfolio Pulse from Anan Ashraf

July 08, 2024 | 8:16 am