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GIB

CGI has been selected by the State of Utah to modernize the Human Capital Management Solution across 30 agencies. This project aims to enhance the efficiency and effectiveness of human resources and related processes.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:42 am

SOGP

Sound Group has announced the launch of new AI-powered applications, marking a significant step in the company's technological advancements. This move is expected to enhance the company's product offerings and potentially increase its market share.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:33 am

DC

Dakota Gold Corp. (NYSE:DC) announced positive results from 12 additional drill holes at the Richmond Hill Gold Project in South Dakota, expanding mineralization in new areas and confirming historical resources. The results include significant findings such as 0.050 oz/ton gold over 140.5 ft, indicating a large block of previously unidentified mineralization.

Portfolio Pulse from Charles Gross

February 21, 2024 | 11:28 am

GD

General Dynamics Corporation (NYSE:GD) announced that its unit, General Dynamics European Land Systems – Steyr (GDELS), has won a contract to supply 225 PANDUR 6x6 EVO wheeled armored vehicles to the Austrian Armed Forces, valued at approximately $1.3 billion. This contract adds to an existing agreement for 100 PANDUR EVO vehicles. As of the end of December 2023, General Dynamics reported long-term debt of $8.754 billion and cash equivalents of $1.913 billion. The PANDUR EVO 6x6 is produced in Vienna and has been in service since 1996. The order includes various vehicle variants for different military tasks.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 11:27 am

TM

TSLA

Tesla Inc (TSLA) has made its Model Y SUV more affordable in Germany than Toyota Motor Corp's (TM) Prius PHEV following a series of price cuts. The Model Y's price now starts at 44,990 euros, lower than the Prius PHEV's starting price of 45,990 euros. Tesla began reducing prices at the start of 2023, contributing to the Model Y becoming the best-selling vehicle globally with over 1.2 million units delivered by the end of the year.

Portfolio Pulse from Anan Ashraf

February 21, 2024 | 11:19 am

THRM

Gentherm updates its FY24 and 2026 financial outlook, expecting FY24 product revenues between $1.5B-$1.6B, with an adjusted EBITDA margin of 12.5%-13.5%. For 2026, the company anticipates product revenues between $1.9B-$2.0B and an adjusted EBITDA margin of approximately 16%, following the decision to pause certain Battery Performance Solutions products.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:09 am

DOGEUSD

XRPUSD

Ripple CEO Brad Garlinghouse expressed openness to backing an XRP-focused ETF during a Bloomberg interview. He refrained from commenting on discussions with asset managers like BlackRock, following speculation about BlackRock's interest in an XRP ETF, which was later discredited. Garlinghouse criticized the SEC's approach under Gary Gensler and expressed skepticism about the utility of Dogecoin. XRP's price was reported to be down 3.60% at $0.54.

Portfolio Pulse from Mehab Qureshi

February 21, 2024 | 11:02 am

AAL

American Airlines (NASDAQ:AAL) has increased its baggage fees for the first time in over five years and altered its policy on travel agency bookings, affecting frequent flyer miles earnings. The fee for the first checked bag on domestic flights is now $35 online and $40 at the airport, up from $30. The second bag fee is raised to $45. The changes aim to boost revenue amid declining airfare and rising fuel costs. Other airlines like Alaska Airlines and JetBlue Airways have also increased their bag fees.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 10:58 am

NKLA

Nikola Corp's (NASDAQ:NKLA) Badger electric pickup, previously discontinued, is making a comeback through an acquisition by David Sparks, who has ties to Nikola's former CEO Trevor Milton. Sparks, a YouTuber and co-star of Diesel Brothers, has acquired the Badger's vehicle program and intellectual property, planning to reintroduce the vehicles to the market with Nikola as a minority partner. This development follows a tumultuous period for Nikola, involving scandals and a significant valuation drop, raising questions about the future of the Badger and its impact on Nikola.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 10:53 am

GOOG

GOOGL

Marc Andreessen criticized AI chatbots for 'draconian censorship and bias', highlighting issues with Alphabet Inc.'s Google Gemini. Elon Musk responded, promising his Grok AI will prioritize truth. The debate underscores concerns over AI censorship and bias, with specific examples of Gemini's refusal to generate certain images.

Portfolio Pulse from Rounak Jain

February 21, 2024 | 10:29 am