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Ford reported May vehicle sales of 190,014 units, with a significant increase in electric vehicle (EV) sales, up 64.7% to 8,966 vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:19 pm

IDT

BOSS Money has announced the expansion of its money transfer service to include domestic transfers within the U.S. This move aims to enhance the company's service offerings and cater to a broader customer base.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:12 pm

LLY

NVO

The FDA has reported limited availability of Mounjaro injections (10 mg/.5 ml, 7.5 mg/.5 ml, 15 mg/.5 ml) through Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:11 pm

ABNB

EM

HLT

MAR

Smart Share Global Ltd. (NASDAQ: EM) reported a significant revenue decline of over 50% in Q1 due to its business transformation. The company is shifting from directly owning and operating power bank cabinets to a model where third-party partners manage the cabinets. This transition has led to short-term financial pain, including a stock drop of over 20% initially, though it closed down around 10%. Despite the short-term challenges, the company remains profitable on an adjusted basis and expects long-term benefits from the new model.

Portfolio Pulse from The Bamboo Works

June 04, 2024 | 1:10 pm

STLA

Stellantis CEO stated that if Chinese automakers enter the European market, Stellantis will have to compete at their cost levels.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:10 pm

CLSK

CleanSpark reported mining 471 Bitcoins in May 2024 and sold 2.43 Bitcoins at an average price of approximately $59,000 per Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:10 pm

XTIA

XTI Aerospace (NASDAQ:XTIA) has signed a Letter of Intent with AVX Aircraft for the design, development, and certification of the TriFan 600 VTOL aircraft. The definitive agreement is expected to shorten the timeline and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:10 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced its unaudited production and operations updates for May 2024, revealing a significant decrease in Bitcoin production compared to April 2024 and May 2023. The company produced 215 Bitcoin in May 2024, a 43% decrease month-over-month and a 68% decrease year-over-year. Despite the drop in production, Riot's deployed and operating hash rates showed growth, and the company earned substantial power and demand response credits.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:08 pm

CCL

Carnival Corp (NYSE:CCL) shares are trading higher after the company announced it will consolidate its P&O Cruises Australia brand into Carnival. This strategic move aims to optimize the brand portfolio and strengthen performance in the South Pacific. The realignment will increase Carnival Cruise Line's capacity and is expected to add eight new ships to its fleet by 2028.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 1:08 pm

F

Ford has begun mass production of its all-electric Explorer at its first dedicated EV facility in Europe. Additionally, Ford plans to reveal a new sports crossover with production starting in Cologne later in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:07 pm