Streetbeat News

Products Services

BA

EADSY

Cebu Pacific Air has chosen Airbus over Boeing for a record $24 billion deal to purchase 152 single-aisle jets. This decision comes as Boeing faces safety and regulatory challenges, while Airbus strengthens its market position.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 10:29 am

HAP

HJEN

SHEL

Shell plc (NYSE:SHEL) has temporarily paused construction at its biofuels facility in Rotterdam to review project economics and optimize future competitiveness. This move is part of Shell's broader strategy to achieve net-zero emissions by 2050. The decision will lead to a reduction in on-site contractors and a slowdown in activities, contributing to cost control. Shell will also conduct an impairment review for the project. The stock has gained around 20% in the last 12 months, and investors can gain exposure via the Direxion Hydrogen ETF (NYSE:HJEN) and the VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 10:26 am

AAP

BBU

SNOW

CDK Global is working to restore its dealer management system (DMS) after cyberattacks impacted 15,000 U.S. car dealerships. The company aims to have all dealer connections live by July 4th. CDK Global was acquired by Brookfield Business Partners (NYSE:BBU) in 2022. Additionally, Advance Auto Parts (NYSE:AAP) is investigating a potential data attack connected to Snowflake (NYSE:SNOW).

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 10:20 am

BEEM

Beam Global announced Q2 new orders of $10.6M, up 128% year-over-year. The company also shipped its first EV ARC systems to Cyprus for the UK Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:05 am

IMRN

Immuron has filed a pre-investigational new drug application with the FDA for IMM-529, aimed at preventing and treating recurrent Clostridioides difficile infections (CDI). IMM-529 is designed to work alongside standard antibiotics to clear CDI infections and restore normal gut flora.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:02 am

MOD

Modine has expanded its EVantage portfolio by introducing an advanced cabin climate system designed for electric vehicles. This new product aims to enhance the comfort and efficiency of EVs.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:01 am

EV

RIO

SLX

Rio Tinto (NYSE:RIO) is negotiating with workers at its Oyu Tolgoi copper mine in Mongolia to prevent another strike, following a previous strike in May due to significant wage reductions. Changes to Mongolia’s Labor Law led to recalculations of employee allowances, resulting in wage decreases of up to 80%. If key demands are not met, another strike is possible. Rio Tinto claims the previous strike did not materially impact mine production. Investors can gain exposure to Rio Tinto via VanEck Steel ETF (NYSE:SLX) and NEOS ETF Trust Mast Global Battery Recycling & Production ETF (NYSE:EV).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 9:50 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has extended the timeline for delivering its Foundation series Cybertrucks through late 2024 due to high demand, contrary to CEO Elon Musk's earlier prediction. The company aims to ramp up production to 2,500 units per week by the end of the year and deliver 250,000 Cybertrucks annually starting in 2025.

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 9:24 am

BTCUSD

Arthur Hayes, co-founder of BitMEX, claims Bitcoin is a superior safe-haven asset compared to gold due to its technological advantages and rapid transaction speed. He argues that Bitcoin's cryptographic blockchain makes it more efficient than gold, which is limited by physical constraints.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 8:59 am

AAPL

Apple Inc. (NASDAQ:AAPL) is developing two variants of its next-generation Vision Pro headset, with significant design and price changes. One version will be a premium model, while the other will be a more affordable consumer-grade edition. The company aims to reduce costs by cutting high-priced components and possibly requiring the headset to be tethered to a host device. This move follows feedback on the first-generation headset's high price and weight.

Portfolio Pulse from Ananya Gairola

July 02, 2024 | 8:38 am