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VWAGY

XPEV

Xpeng Inc (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have announced a partnership to develop a new EV architecture, with project houses set up in Guangzhou and Hefei, China. The collaboration aims to start production by 2026, equipping all Volkswagen EVs in China with the new architecture. This partnership comes amid geopolitical tensions and market challenges for Chinese EV stocks.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 2:48 am

CRWD

MSFT

CrowdStrike's faulty Microsoft Windows update led to a global IT outage, drawing criticism from a U.S. cybersecurity official. The incident affected approximately 8.5 million devices and caused significant disruptions in critical infrastructure operations. CrowdStrike's stock price declined following the incident.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 2:22 am

AAL

CRWD

DAL

MSFT

UAL

A flawed software update for Microsoft Windows by CrowdStrike has caused a global tech outage, leading to significant disruptions in U.S. air travel. Over 2,500 flights have been canceled for three consecutive days, with Delta Air Lines being heavily affected. The outage has impacted various sectors and resulted in a decline in CrowdStrike's stock price.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 1:34 am

DJT

Former President Donald Trump criticized President Joe Biden's withdrawal from the 2024 presidential race, suggesting the Republican Party should be compensated. Trump made these comments on Truth Social, a platform owned by Trump Media & Technology Group Corp (NASDAQ:DJT). Biden endorsed Vice President Kamala Harris as the Democratic nominee.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 12:57 am

VLKAF

XPEV

XPeng Inc. and Volkswagen Group have entered into a Master Agreement to jointly develop electrical/electronic architecture for vehicles in China. This collaboration will utilize Volkswagen's China Main Platform and Modular Electric Drive Matrix platform, with the first vehicle expected to start production within 24 months.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 12:24 am

AAPL

AMZN

GOOGL

MSFT

NFLX

NTDOY

WBD

The latest consumer tech news includes Japan's increasing reliance on foreign digital services like Amazon Prime and YouTube Premium, China's AI regulation efforts, a legal ruling favoring Apple, Netflix discontinuing its cheapest ad-free plan, and various updates from Microsoft, AT&T, Warner Bros. Discovery, and Nintendo.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 5:50 pm

AAPL

AMZN

Amazon's Prime Day saw record sales despite economic challenges, with consumers showing increased confidence by purchasing higher-priced items, particularly in electronics and Amazon devices. Apple products were notably popular, and health and beauty items remained strong performers.

Portfolio Pulse from Bibhu Pattnaik

July 21, 2024 | 5:39 pm

TCNNF

A DeSantis-backed coalition has launched a campaign to defeat Florida's cannabis legalization initiative, Amendment 3, which needs 60% voter support to pass in November 2024. Despite strong opposition from Gov. Ron DeSantis and the Republican Party, the amendment has significant support, including from Florida's largest medical marijuana company, Trulieve (OTC:TCNNF), which has invested over $40 million in the campaign.

Portfolio Pulse from Maureen Meehan

July 21, 2024 | 4:51 pm

AMN

BKU

CLVT

EXPI

MARA

NATL

NFE

RIOT

VFC

VIRT

ZETA

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

CRWD

MSFT

An IT outage caused by a faulty update from CrowdStrike (NASDAQ:CRWD) disrupted services worldwide, affecting less than 1% of Windows devices, or approximately 8.5 million machines. The incident impacted air travel, banking, and television broadcasts, highlighting the interconnected nature of global tech ecosystems and the importance of robust cybersecurity measures.

Portfolio Pulse from Bibhu Pattnaik

July 21, 2024 | 3:24 pm