Streetbeat News

Products Services

MCD

QSR

SBUX

WEN

McDonald's (NYSE:MCD) is launching a $5 value meal to attract customers amid rising prices. Competitors like Burger King (NYSE:QSR), Wendy's (NASDAQ:WEN), and Starbucks (NASDAQ:SBUX) have responded with their own promotions. McDonald's aims to leverage its size and marketing to win the 'value war.'

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 9:00 am

AMZN

Amazon's original book business has generated $16.9 billion in sales in the first 10 months of 2022, with $9.5 billion from the U.S. alone. Despite the rise of e-books, print books continue to outperform on the platform. Amazon's stock has seen a 24.12% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 8:39 am

DCOM

Dime Community Bancshares has expanded its presence in Manhattan by establishing a new deposit-focused group. This move is part of the company's strategy to enhance its deposit base and strengthen its market position in New York City.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 7:52 am

BTCUSD

TSLA

Naval Ravikant, a prominent investor, has reiterated his belief in Bitcoin as the ultimate store of value among cryptocurrencies. He shared his views on X, formerly Twitter, emphasizing Bitcoin's role as a primary store of value while other blockchains compete as mediums of exchange. Ravikant's opinion holds weight due to his significant influence in the investment community.

Portfolio Pulse from Aniket Verma

June 21, 2024 | 6:59 am

TSLA

Former Tesla executive Martin Viecha advocates for advertising, contrasting with CEO Elon Musk's stance. Viecha believes small investments in advertising could enhance Tesla's margins and accelerate EV adoption. Despite some advertising attempts, Tesla remains cautious about spending heavily on marketing.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 6:43 am

TXN

Texas Instruments (TXN) is collaborating with Delta Electronics to advance electric vehicle onboard charging. The partnership will leverage both companies' R&D capabilities in power management and power delivery to optimize power density, performance, and size, aiming to make EVs safer, faster-charging, and more affordable.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:36 am

ZOOZ

ZOOZ Power has doubled the charging capacity on the Cross-Israel Highway by installing its flywheel-based power boosting and management solution at a second site. This installation, in partnership with Dor-Alon and AfconEV, allows for increased ultrafast charging without grid upgrades.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:16 am

TSLA

Tesla CEO Elon Musk teased 'Master Plan 4' (MP4), which is expected to focus on AI, robotics, and other technologies beyond cars. Morgan Stanley's Adam Jonas reiterated an Overweight rating on Tesla with a $310 price target, suggesting a 70.73% upside. Jonas believes MP4 will connect Tesla with Musk's other ventures like SpaceX and xAI, and sees potential in autonomy and humanoid robots. Despite current challenges in the EV market, Jonas remains bullish on Tesla's long-term prospects.

Portfolio Pulse from Shanthi Rexaline

June 21, 2024 | 6:14 am

PXLW

Pixelworks has partnered with Tencent's Honor of Kings to enhance mobile gaming performance using its IRX rendering acceleration technology. This technology provides a smooth 120fps gaming experience with low power consumption.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 5:54 am

SNY

Sanofi is set to present new data on ALTUVIIIO and fitusiran at the ISTH conference, highlighting their potential in treating hemophilia. Interim results from the XTEND-ed phase 3 study show ALTUVIIIO's efficacy in bleed protection, while the ATLAS phase 3 study data support fitusiran's prophylactic potential. The FDA has accepted a New Drug Application for fitusiran, with a PDUFA date of March 28, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 5:42 am