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EH

EHang Holdings Limited (NASDAQ:EH) has signed a strategic Memorandum of Understanding with China Southern Airlines General Aviation Company Limited to develop low-altitude flight operations using EHang's pilotless eVTOL technology. The partnership aims to establish operation demonstration sites for low-altitude tourism and explore diverse use cases such as inter-island cargo transportation and emergency response.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:47 am

ZETA

Zeta Global (NYSE:ZETA) has launched the Zeta Economic Index (ZEI), an AI-driven tool to analyze and forecast the US economy using proprietary data and Generative AI technology.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:41 am

NVDA

PLTR

Palantir co-founder Peter Thiel discussed the current state of AI, comparing it to the dot-com bubble, and highlighted Nvidia's dominance in AI profits. Palantir recently partnered with Voyager Space to enhance its defense segment using AI.

Portfolio Pulse from Ananya Gairola

July 01, 2024 | 9:30 am

YUMC

Yum China Holdings, Inc. (NYSE: YUMC) announced that KCOFFEE has opened its 200th store in China, with new locations in Hangzhou East Railway Station and Hangzhou International Airport. The side-by-side store model with KFC has been expanding rapidly, averaging one new store per day since early 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:10 am

TTE

TotalEnergies has acquired Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). Tecoil operates a facility in Finland and has developed a circular economy network for collecting and re-refining used lubricants. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:05 am

XPEV

XPeng Inc. (NYSE:XPEV) reported a 24% YoY and 5% MoM increase in Smart EV deliveries for June, totaling 10,668 units. The company also announced significant updates to its AI Tianji OS and the upcoming nationwide availability of XNGP. XPeng plans to unveil the Mona M03 hatchback coupe in July.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:02 am

BTCUSD

Billionaire Peter Thiel expressed skepticism about Bitcoin's future growth, despite his venture capital firm, Founders Fund, having a significant history with Bitcoin investments. Thiel regrets not purchasing more Bitcoin but doubts its price will rise dramatically.

Portfolio Pulse from Aniket Verma

July 01, 2024 | 9:02 am

EEM

SPY

The article compares the performance of various asset classes in the first half of 2024, including US equities (SPY), emerging markets (EEM), gold, and Bitcoin. US equities gained 14.5%, emerging markets gained 6.67%, gold futures increased by 12.7%, and Bitcoin surged by 48.3%. The article highlights the factors influencing these performances, such as inflation trends, central bank policies, and the impact of AI technology.

Portfolio Pulse from Shanthi Rexaline

July 01, 2024 | 8:52 am

KKR

KKR has acquired a controlling stake in Baby Memorial Hospital (BMH) to enhance healthcare services in India. The financial terms were not disclosed. KKR's investment aims to support BMH's expansion and improve healthcare accessibility in India.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:40 am

META

The European Union is preparing to charge Meta Platforms Inc. (NASDAQ:META) with a breach of digital regulations under the Digital Markets Act. The charges relate to Meta's 'pay or consent' model, which critics argue coerces users into data tracking. This follows a similar case against Apple Inc. Penalties could reach up to 10% of Meta's global turnover.

Portfolio Pulse from Benzinga Neuro

July 01, 2024 | 8:28 am