Streetbeat News

Products Services

BTCUSD

LTCUSD

Litecoin (LTC) has emerged as the leading cryptocurrency for payments, surpassing Bitcoin (BTC) and other major assets in April, with over 41% of global crypto payments processed in LTC, according to BitPay. This marks the fourth consecutive month of Litecoin leading in payment usage. Despite its success and recognition as a 'commodity' alongside Bitcoin, Litecoin remains undervalued, ranking 19th in market capitalization at just over $6 billion. Its Network Value-to-Transaction ratio suggests it may be undervalued, yet its price has fallen 77% from its all-time high in May 2021.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 4:24 am

CMCSA

DIS

Disney is enhancing its streaming service by adding an ESPN tile to Disney+ for U.S. subscribers, aiming to include select live games and studio programming by end of 2024. CEO Bob Iger also announced a shift in Marvel's content strategy to focus on quality over quantity, reducing the number of TV series and films produced annually. Additionally, Iger expressed confidence in securing a long-term NBA rights deal for ESPN. These strategic moves come as Disney's direct-to-consumer segment reaches profitability, despite moderating growth in its parks segment. Disney is also in negotiations with Comcast Corporation over Hulu's valuation.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:18 am

DIS

NFLX

Bob Iger, CEO of Walt Disney Co (NYSE:DIS), announced a global crackdown on password sharing, taking inspiration from Netflix Inc (NASDAQ:NFLX), which he referred to as the streaming 'gold standard'. Disney plans to start implementing this policy in select markets next month, with a global rollout in September, expecting it to contribute to future growth. This move follows Netflix's reported success with its own password-sharing crackdown, which led to increased engagement and new user registrations. Disney's Q2 earnings showed a slight revenue growth and a notable adjusted EPS beat, with varied performance across its entertainment, sports, and experiences segments.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 2:47 am

AAPL

Elon Musk questioned the effectiveness of Apple Inc.'s (AAPL) $30 billion R&D investment following the launch of the new iPad Air 6 and iPad Pro models. Musk's comments on X, formerly Twitter, were in response to a meme comparing the investment to the slight increase in thickness of the new iPad Pro. He suggested that Apple might be working on secret products. This discussion highlights the differences in R&D spending effectiveness between companies like Tesla, Apple, and Microsoft.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) announced the Apple Pencil Pro at the 'Let Loose' event, expanding its lineup to four models. The new model, priced at $129, introduces features like a barrel roll, squeeze gesture, haptic feedback, and Find My support, compatible with various iPad models. Other models include the 2nd Generation, USB-C version, and the 1st Generation, each with distinct features and compatibility. The launch follows significant developments in Apple's product lineup, including the iPad Pro with an M4 chip and OLED display, and the iPad Air 6.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 1:49 am

RDDT

Alexis Ohanian, co-founder of Reddit, Inc. (NYSE:RDDT), shared insights on task management for startup founders, emphasizing adaptability and transparency over rigid rules. His comments come alongside Reddit's Q1 financial results, revealing losses greater than analyst expectations.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:20 am

NN

NextNav (NASDAQ:NN) announced the appointment of Dr. Sanyogita Shamsunder as its new COO, effective May 9, 2024. With over 20 years of experience, including roles at Google and Verizon, Shamsunder's expertise in telecom and technology will support NextNav's growth in 3D geolocation and PNT solutions. Her appointment is seen as a strategic move to enhance operational excellence and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:46 pm

TIXT

TU

TELUS Corporation has completed the acquisition of Vumetric Cybersecurity, enhancing its cybersecurity offerings for businesses in North America. This move aims to improve cyber resilience among organizations of varying sizes by integrating Vumetric's advanced penetration testing services, which focus on identifying cyber vulnerabilities and threats.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:45 pm

CWH

LCII

LCI Industries, through its subsidiary Lippert Components, has acquired the furniture business assets of CWDS, LLC, a subsidiary of Camping World Holdings, effective May 3, 2024. This acquisition aims to expand Lippert's furniture portfolio for the RV and marine industries, expecting to create synergies and enhance customer experience. Both companies anticipate this deal to strengthen their long-standing partnership, focusing on improving RV installations, enhancements, and repairs through Lippert's product offerings and Camping World's dealership network.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:43 pm

AIRJ

Montana Technologies Corp. (NASDAQ:AIRJ) announced the appointment of new executives including Stephen Pang as CFO, alongside other key management roles to strengthen its team. The company is focusing on scaling operations and advancing its AirJoule technology for wider commercial adoption.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:38 pm