Streetbeat News

Products Services

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is set to shut down its Google Play Movies & TV service in January. Users are being transitioned to the Google TV app and YouTube for accessing their purchased content. This move follows a federal jury ruling against Google's Android app store in an antitrust lawsuit by Epic Games, which highlighted misuse of antitrust barriers affecting consumers and developers.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 4:10 am

NVDA

U.S. Commerce Secretary Gina Raimondo announced scrutiny of Nvidia Corp's (NASDAQ:NVDA) new AI accelerators for China to ensure compliance with U.S. export controls. Nvidia is developing these chips in accordance with strict guidelines, aiming to provide compliant data center solutions globally. The Commerce Department is committed to updating rules to address threats but has not indicated plans to restrict Nvidia's new chips. This follows chip industry concerns that tighter restrictions could harm U.S. businesses and aid China's chip industry.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 3:05 am

NFLX

Netflix Inc. (NASDAQ:NFLX) experienced a significant global outage on Monday, with users reporting a 'tvq-pb-101' error message. The issue, which lasted several hours, affected various devices including Roku smart TVs, PS5, and Xbox, but did not impact services like Google or Amazon. The outage was resolved by 8 PM ET. This comes amid customer dissatisfaction over rising subscription costs, which could influence Netflix's subscriber numbers and competitive standing.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 3:00 am

F

Ford Motor Co (NYSE:F) is reducing its production targets for the F-150 Lightning electric pickup by 50% starting next year due to changing market demand. The new target is approximately 1,600 vehicles per week, down from the initial 3,200 units. This decision follows Ford's Q3 announcement of delaying a $12 billion EV investment and focusing on combustion engine vehicles and hybrids. Despite the production cut, Ford's Lightning sales increased by 113% year-on-year in November.

Portfolio Pulse from Anan Ashraf

December 12, 2023 | 2:31 am

NTDOY

Eiji Aonuma, producer of The Legend of Zelda series for Nintendo ADR (OTC:NTDOY), discussed the game's evolution, emphasizing creativity over strict chronology. In an IGN interview, he expressed a preference for flexibility in game design to avoid limiting creativity. Aonuma also addressed fans' preferences for classic titles versus newer open-world games, understanding the nostalgia but questioning the desire to return to more restricted gameplay. His comments suggest potential future directions for the series, with the context of the upcoming Switch 2 release.

Portfolio Pulse from Franca Quarneti

December 12, 2023 | 12:03 am

BYDDY

LI

NIO

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) reported a 4.8% year-over-year increase in retail sales of new energy vehicles in China for November, securing a 7.8% market share. BYD (OTC:BYDDY) led with a 31.3% market share. Other competitors like Geely, SAIC-GM-Wuling, and Changan also made the top five, while Li Auto Inc (NASDAQ:LI) and Xpeng Inc – ADR (NYSE:XPEV) ranked sixth and tenth, respectively. Nio Inc – ADR (NYSE:NIO) fell out of the top 10. The Chinese NEV market hit a record with over 800,000 units sold in November, indicating the growing importance of this market for Tesla and its competitors.

Portfolio Pulse from Chris Katje

December 11, 2023 | 11:36 pm

NKTR

Nektar Therapeutics and collaborators presented preclinical data on NKTR-255, used in combination with obinutuzumab, at the 65th ASH Annual Meeting. The data showcased the potential of NKTR-255 to enhance the efficacy of obinutuzumab in treating hematologic malignancies.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:02 pm

GILD

Kite, a subsidiary of Gilead Sciences, presented long-term data at ASH 2023 showing that its Yescarta CAR T-cell therapy has a high rate of durable response in patients with high-risk large B-cell lymphoma. This data could positively impact Gilead's reputation in the oncology market and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:47 pm

MCO

Moody's announced a webcast briefing to introduce Research Assistant, a new search and analytical tool powered by GenAI, scheduled for December 14, 2023. Research Assistant is described as a first-of-its-kind tool, suggesting innovation in the financial analysis sector.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:32 pm

AVAX-USD

Avalanche (CRYPTO: AVAX) has seen a significant increase in value, rising over 6% in the past 24 hours and 76% over the past week, outperforming the top 20 cryptocurrencies. Coinshares reported $2 million in inflows into Avalanche, and analyst Jacob Canfield expressed a bullish outlook on AVAX. Large transactions have been frequent, and JPMorgan and Apollo's interest in using Avalanche for asset tokenization may be supporting its price. Coincheck recently listed AVAX, and over $275 million in AVAX has been allocated to reward validators, emphasizing the community's commitment to a robust network.

Portfolio Pulse from Khyathi Dalal

December 11, 2023 | 10:25 pm