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NIU

Niu Technologies reported a 37% year-over-year increase in unit sales for Q1 2024, totaling 129,139 units. Sales in China rose by 35% to 110,115 units, while international sales surged by 48% to 19,024 units. The company highlighted the success of its new products, especially the premium flagship model NXT, which accounted for 26% of domestic sales and received over 10,000 pre-orders within two weeks of launch.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 9:29 am

META

Instagram, owned by Meta Platforms Inc. (NASDAQ:META), is reviving its cash bonus program for creators, now including photo content alongside videos. The 'Spring Bonus' program, invite-only and available in the U.S., Japan, and South Korea, offers up to $30,000 over 30 days for engagement on reels, photo carousels, and single-image posts. This move aims to compete with TikTok and address creator discontent with previous platform updates.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:51 am

GOOGL

UBER

Alphabet's Waymo has initiated UberEats deliveries in the Phoenix metro area using its self-driving cars, marking a significant step in the partnership between Waymo and Uber. This service, launched in select locations within Phoenix, Chandler, Mesa, and Tempe, represents the first use of autonomous vehicles for Uber Eats deliveries. The service uses Waymo's Jaguar I-PACE electric vehicles, allowing customers to opt for delivery by self-driving cars without additional charges for tips. This development follows a challenging period for Waymo, including a software retraction due to crashes and halted expansion plans in California over safety concerns.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:41 am

AAPL

Leaked dummy units of Apple Inc's iPhone 16 and iPhone 16 Pro have revealed significant design changes, including a new camera alignment and the addition of an Action button across all models. The leaks, shared by Sonny Dickson on X, hint at larger sizes for the Pro models and the introduction of a Capture button with gesture-based controls. Apple is expected to launch the iPhone 16 series in September, with rumors also suggesting new color variants and a polished titanium finish for the Pro models.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:35 am

AAPL

AMZN

A study on 'grief tech' reveals a generational divide in attitudes towards digital avatars as a means to cope with grief, with younger generations showing more openness. Ethical concerns about data privacy are highlighted. The trend reflects a broader societal shift towards integrating technology in life and death, raising privacy and ethical issues, as seen in various industries.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:23 am

GRFS

Grifols has received the CE mark for its Procleix ArboPlex Assay, an in vitro nucleic acid test that detects four types of arboviruses. This milestone underscores Grifols' leadership in transfusion medicine and its commitment to enhancing the safety of the global blood supply. The development is particularly significant given the increasing threat of arboviruses due to climate change and global connectivity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:13 am

NVDA

SK Hynix announced a $3.87 billion investment in its first U.S. chip packaging facility in Indiana, focusing on high-bandwidth memory chips for AI systems, including NVIDIA GPUs. This move aligns with the Biden administration's efforts to boost U.S. chip production and is expected to enhance supply-chain resilience, create jobs, and foster a local semiconductor ecosystem. The investment is seen as a response to the CHIPS and Science Act and aims to mitigate risks like those from recent disruptions in global chip production.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 7:51 am

ETH-USD

A cryptocurrency trader turned a $13,000 investment into over $2 million by trading the new memecoin Donotfomoew (MOEW) on the Base blockchain, achieving a 15,700% gain in a single day. The trader bought 499.9 million MOEW with 4 Ethereum (ETH) and sold part of it for a significant profit, while still holding a substantial amount of MOEW. The token was launched by Bitget Wallet with a cautionary note to potential buyers.

Portfolio Pulse from Mehab Qureshi

April 04, 2024 | 7:34 am

MNSO

MINISO has achieved significant expansion in North America, attributing its success to a strategic focus on intellectual property (IP) and the creation of innovative shopping experiences. The company's approach has allowed it to stand out in the competitive retail market, driving growth and increasing its presence across the region.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:32 am

JBLU

JetBlue has expanded its transatlantic service by launching a daily nonstop flight from Boston to Paris, offering New England customers more travel choices. To celebrate, they're offering limited roundtrip fares starting at $599 and €499 in Core, and $2,499 and €1,999 in Mint.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:12 am