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GM

General Motors (GM) is moving its BrightDrop electric commercial vans under the Chevrolet brand. This strategic move aims to leverage Chevrolet's established market presence to boost sales and visibility of BrightDrop's electric vans.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:04 pm

BLK

The article discusses the current state of the cryptocurrency market, highlighting a shift in sentiment due to BlackRock's Bitcoin ETF and its impact on Bitcoin's price. Despite Bitcoin's success, altcoins have not followed suit, with retail sentiment still recovering from past market crashes. Potential catalysts for a retail resurgence in crypto include Bitcoin reaching new highs and new blockchain use cases.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 3:03 pm

FNKO

Funko has expanded its Pop! Yourself line through a partnership with the NFL, offering merchandise for all 32 teams. The launch will be celebrated with a pop-up experience in Kansas City on September 5.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:02 pm

CSCO

RBRK

Rubrik and Cisco have partnered to enhance data security against cyberattacks. Rubrik joins Cisco's SolutionsPlus program, integrating its products with Cisco's offerings to improve cyber resilience and data protection. This collaboration aims to provide unified computing and zero trust data security.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:01 pm

MU

SMH

Micron Technology Inc (MU) shares rose by 2% as investors anticipate increased demand for memory chips due to Nvidia's strong performance in AI and data centers. Despite Nvidia's stock falling 4% after earnings, the positive outlook for AI could benefit Micron. The VanEck Semiconductor ETF (SMH) also saw a slight increase.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 2:58 pm

FI

FINX

GFOF

PYPL

PayPal has expanded its partnership with Fiserv to enhance checkout processes, boosting PayPal's stock. The collaboration aims to simplify PayPal service integration for Fiserv's clients, leveraging PayPal's Fastlane for faster checkouts. This move is expected to increase conversion rates and reduce checkout times.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 2:53 pm

LCID

TSLA

Lucid Motors Inc (NASDAQ:LCID) has achieved a Golden Cross, a bullish technical signal, indicating potential upward momentum. The company is also challenging Tesla with its Lucid Air Sapphire, the world's fastest armored car. Additionally, Lucid is expanding in Saudi Arabia with plans for customer service centers and mobile maintenance, supported by a $1.5 billion investment from Saudi Arabia's Public Investment Fund.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 2:50 pm

LMT

The U.S. government will withhold a final $5 million payment for F-35 jets until the 'Combat Capability' technology package is delivered, according to the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:48 pm

USO

Iraq plans to reduce its oil production to 3.85M-3.9M barrels per day in September, according to a source. This decision could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:45 pm

CRM

Salesforce (NYSE:CRM) reported strong Q2 earnings, leading to multiple analysts raising their price targets. The company showed significant growth in AI deals and Data Cloud customers, reinforcing its position as a leader in enterprise-grade AI solutions. Despite macroeconomic challenges, Salesforce's strategic growth pillars and multi-cloud adoption trends contributed to its positive performance.

Portfolio Pulse from Priya Nigam

August 29, 2024 | 2:42 pm