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BFH

Bread Financial (NYSE:BFH) has signed a multi-year agreement to provide dual credit card programs for Saks Fifth Avenue and Saks OFF 5TH. The existing Saks World Elite Mastercard© Credit Card and the Saks Credit Card will be issued and supported by Comenity Capital Bank, a subsidiary of Bread Financial, starting in August 2024. The transition of the existing Saks Fifth Avenue credit card portfolio is expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:02 am

ACM

AECOM has joined Southern Water's Professional Services Framework to enhance the water infrastructure in the UK.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:00 am

BA

ITA

PPA

Boeing Co (NYSE:BA) is opening a new aerospace tech hub at Embry-Riddle Aeronautical University in Florida, focusing on military aviation programs. The facility will create around 200 engineering jobs in 2024, with potential for more. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 10:39 am

AAPL

Apple Inc. (NASDAQ:AAPL) announced that users can opt out of OpenAI's ChatGPT integration, addressing privacy concerns. This decision follows Elon Musk's criticism of AI privacy issues and threats to ban Apple devices from Tesla and SpaceX. Apple also introduced its in-house AI suite and iOS 18 update at the Worldwide Developers Conference.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 10:37 am

C

Citi and Emirates NBD have launched the first 24/7 USD cross-border payment service in the Middle East, marking a significant milestone for Citi's 24/7 USD Clearing multibank solution.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:36 am

EEM

EWY

KPOP

BTS's Jin has completed his mandatory military service, leading to a positive impact on Hybe Co. shares and related US ETFs. Ishares Msci South Korea ETF (EWY), IShares MSCI Emerging Index Fund (EEM), and JAKOTA K-Pop And Korean Entertainment ETF (KPOP) saw increases in their prices.

Portfolio Pulse from Pooja Rajkumari

June 12, 2024 | 10:09 am

VFS

VinFast Auto (NASDAQ:VFS) is accelerating its expansion across Asia despite a global slowdown in electric vehicle demand. The company is opening factories in India and Indonesia ahead of schedule, even as it faces challenges in the U.S. market and a significant drop in stock value.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 10:05 am

AAPL

Apple co-founder Steve Wozniak has expressed cautious optimism about Apple's new AI-powered features, urging users to test them personally. Apple announced the integration of ChatGPT into its systems, a move that has drawn criticism from Elon Musk.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 9:33 am

GM

TSLA

General Motors (GM) plans to invest $850 million in its loss-making Cruise self-driving unit, which has incurred significant losses and faced operational challenges. Tesla CEO Elon Musk criticized the move, suggesting GM is not making the right decisions. Tesla's own self-driving technology is still under development and faces regulatory hurdles.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 9:23 am

AAPL

Apple Inc. (NASDAQ:AAPL) has introduced 'Apple Intelligence,' a suite of AI-powered features, following a similar branding approach by Jack Ma of Alibaba Group, who called AI 'Alibaba Intelligence' in 2019. The announcement has reignited discussions about AI branding, especially given the historical debate between Ma and Elon Musk. Apple's new features include enhancements to Siri, generative AI tools, and photo editing capabilities.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 9:00 am