Streetbeat News

Products Services

SQ

Block, Inc. (NYSE:SQ) shares rose after reporting a 14% increase in transactions over Black Friday and Cyber Monday, reaching 70 million. Key highlights include a 15% rise in in-person shopping and restaurant transactions, a 31% increase in activated subscriptions, and significant growth in Buy Now, Pay Later (BNPL) transactions, with Afterpay's growing by 19% and Square sellers' by 47%.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 9:18 pm

AMZN

NTAP

NetApp (NASDAQ:NTAP) announced a significant performance enhancement for Amazon FSx for NetApp ONTAP at re:Invent, offering up to nine times higher storage performance. This enables customers to efficiently run high-performance applications on AWS. The scale-out file systems support a range of workloads, including HPC, EDA, VFX, and machine learning. The new capabilities provide up to 36GB/s throughput and 1.2 million SSD IOPS, with improved scalability and management features. These enhancements are now available in select AWS regions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:15 pm

DIS

At a town hall, Disney CEO Bob Iger discussed challenges since his return, emphasizing optimism and the need for quality over quantity in content creation. He mentioned potential asset sales for efficiency and future health of the business. ESPN plans to launch a streaming platform by 2025. Disney shares are currently trading at $92.95, up 7% YTD.

Portfolio Pulse from Chris Katje

November 28, 2023 | 9:00 pm

GE

ICAD

iCAD Inc. shares have risen following the announcement that its AI-powered solutions from the ProFound Breast Health Suite are now integrated with GE HealthCare's new product offering.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:00 pm

NVS

Novartis has reported that there is no identified causal relationship between its cancer treatment, Kymriah, and secondary malignancies, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:56 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) stock is trading higher after announcing positive results from its pre-clinical trial for a weight loss and metabolic disorder treatment. The trial tested a combination of Clearmind's MEAI and SciSparc's PEA, aiming to determine effective dosage, safety, and impact on metabolic and behavioral factors. The company's CEO highlighted the treatment's potential advantages over existing weight-loss drugs. The stock saw unusually high trading volume and was briefly halted before resuming.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 8:55 pm

NVS

Novartis has stated that there is currently no evidence that would alter the company's confidence in the benefit/risk profile of its cancer treatment, Kymriah, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:54 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) is expanding its autonomous driving team in China by hiring for twenty-four positions across Beijing, Shanghai, and Shenzhen. The recruitment aims to design and deploy AI systems for automation and autonomous vehicles, led by Xinzhou Wu, an expert in the Chinese AV market. Despite U.S. export controls on AI GPUs, Nvidia's automotive products remain unaffected. NVDA shares were down 1.21% at $476.61 at the time of publication.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 8:43 pm

CRM

EBIZ

XRT

Salesforce reported that Cyber Week US online sales hit $70.8B, marking an increase from $68B the previous year. This indicates a continued growth in e-commerce activity during a key shopping period.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:25 pm

SPHR

U2's residency at The Sphere in Las Vegas, titled 'U2:UV Achtung Baby Live at Sphere', has grossed $109.8 million from 17 shows, selling 281,000 tickets. With an average of $6.5 million and 16,500 tickets per show, the average ticket price was $390.97. This residency is the fastest grossing in Boxscore history, with potential to reach $330 million after all scheduled shows. The Sphere, a venue with a $2.3 billion cost, has been highlighted for its advanced audiovisual technology.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:18 pm