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UBER

Uber has acknowledged the existence of near-term challenges in its Freight category but remains optimistic about its long-term prospects. The company believes that its technology, shipper platform, and marketplace flywheel will provide a sustainable cost advantage and drive profitable growth over time.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:02 am

ACM

AECOM, in a joint venture with Arup, has been selected as the design and consenting service partner for the UK National Grid's Great Grid Partnership. This project aims to enhance the UK's power transmission network, supporting the country's transition to renewable energy. The partnership underscores AECOM's strategic expansion in infrastructure and energy services, potentially boosting its market position and future revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:56 am

ALB

MLM

Albemarle has entered into an innovative agreement with Martin Marietta Materials for the beneficial use of extracted limestone from Albemarle's proposed Kings Mountain Mine project. This collaboration highlights a strategic partnership aimed at utilizing resources efficiently and could signal positive environmental and operational synergies between the two companies.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:52 am

BTCUSD

TSLA

Austin, led by Tesla and Elon Musk, is the fastest-growing city for millionaires in the U.S., with a 110% increase in millionaire residents. New York City remains the wealthiest, with 349,500 millionaires. Globally, Shenzhen is the fastest-growing city for the wealthy, with a 140% increase. Financial markets and tech advancements have significantly contributed to wealth growth, despite geopolitical tensions affecting cities like Moscow.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 10:50 am

BHP

IE

Ivanhoe Electric (IE) has announced an exploration alliance with BHP to expedite the search for copper and other critical minerals in the United States. This partnership aims to leverage both companies' resources and expertise to address the growing demand for these essential resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 am

IGT

International Game Technology (IGT) announced a five-year contract through its subsidiary, IGT Global Solutions Corporation, with the Atlantic Lottery Corporation. This agreement aims to enhance gaming experiences in Atlantic Canada by introducing high-performing features and new games.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:48 am

AMZN

NOK

TEF

VCR

XLY

Telefonica S.A. (NYSE:TEF) has launched a new 5G core network in collaboration with Nokia Corporation (NYSE:NOK) and Amazon.com Inc's (NASDAQ:AMZN) AWS, marking a significant shift in the telecommunications industry by moving its core network to the cloud. This move, a first for an existing mobile operator, highlights Amazon's expansion into global telecommunications and sets a new industry precedent. The transition aims to enhance network reliability, scalability, and efficiency, with a long-term goal of migrating a significant customer base by 2025-2026. The telecom cloud market is expected to grow substantially, offering opportunities for companies like Amazon. Amazon's stock, along with exposure through ETFs like the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Vanguard Consumer Discretionary ETF (NYSE:VCR), could see impacts from this venture.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 10:44 am

AULT

Ault Alliance's subsidiary, Sentinum, has received 1,000 Bitcoin miners at one of its Montana sites from its Michigan facility, marking a significant step in its cryptocurrency mining operations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:41 am

TT

Trane Technologies (TT) has entered into a partnership with the U.S. Department of Energy to participate in a new Heat Pump Technology Challenge aimed at advancing building decarbonization. This initiative is part of a broader effort to promote energy efficiency and reduce carbon emissions in the building sector, which is a significant contributor to global greenhouse gas emissions. The collaboration underscores Trane Technologies' commitment to sustainability and its role in developing innovative solutions for environmental challenges.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:40 am

WWW

Wolverine Worldwide has reaffirmed its FY24 adjusted EPS guidance of $0.65 to $0.85 and reduced its revenue forecast from $1.70B-$1.75B to $1.68B-$1.73B, adjusting for a new licensing model for Merrell and Saucony kids business. This updated revenue range represents a 13.2% to 15.7% decline from 2023, with a constant currency decline of 13.0% to 15.5%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:37 am