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BK

Lunate and BNY Mellon (NYSE:BK) have partnered to create Alpheya, a new company that will provide a wealth management technology platform for the MENA region. Alpheya, based in Abu Dhabi Global Market, is backed by a $300 million capital commitment and will begin serving clients in 2024. BNY Mellon holds a minority stake in Alpheya.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 am

F

MMTOF

STLA

TSLA

VWAGY

Tesla Inc (NASDAQ:TSLA) saw the largest increase in new vehicle registrations in the EU in October, with a 148% jump from the previous year. Other automakers also experienced growth, but Ford Motor Co (NYSE:F) and Mitsubishi Motors Corp (OTCPK: MMTOF) saw declines. Volkswagen AG (OTCPK: VWAGY) remains the top brand, followed by Stellantis NV (NYSE:STLA). The EU car market is growing, with a rise in EV registrations, although gas remains the most popular fuel.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 8:48 am

INFY

Infosys (NYSE:INFY), a global digital services and consulting firm, has announced a collaboration with Proximus, Belgium's top digital services provider, to modernize and consolidate IT components of a Proximus affiliate. This project will enable the affiliate to expand its fiber and digital services offerings to a broader customer base.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:28 am

TDY

Teledyne e2v, part of Teledyne Technologies (NYSE:TDY), has launched Emerald™ Gen2, a new family of high-performance global shutter CMOS image sensors. These sensors are designed for machine vision, outdoor surveillance, and traffic detection and monitoring applications, leveraging advanced imaging technologies to deliver improved performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:03 am

NCNO

Alba Bank has adopted the nCino Cloud Banking Platform to support lending to small- and medium-sized businesses (SMEs) in the UK. nCino, Inc. (NASDAQ:NCNO) is recognized as a pioneer in cloud banking for the global financial services industry.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:57 am

META

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), has introduced an email verification feature as an alternative to SMS verification. This feature is available in the latest iPhone update and provides a way for users to access their accounts without cellular coverage. It is part of WhatsApp's efforts to offer alternative access methods and follows other recent updates such as a new macOS app and support for multiple accounts and passkeys on a single device.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 7:22 am

RIVN

Rivian CEO RJ Scaringe is expanding his role to directly oversee all product functions, including software and design. This change comes as Rivian develops its R2 platform, expected to start production in 2026 with unveilings in early 2024. The R2 aims to fill a market gap in the $45,000 to $50,000 range for midsize SUVs, a segment where Tesla currently has a significant market share. Rivian also plans to deliver electric delivery vans to customers beyond Amazon starting in 2024.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 5:32 am

TSLA

Tesla CEO Elon Musk responded with a clown emoji to Jefferies analyst Philippe Houchois' recommendation to shelve the Cybertruck, calling it an 'off-mission product'. Houchois sees 2024 as a 'lost year' for Tesla's growth and suggests canceling the Cybertruck could help Tesla refocus. Despite this, Houchois maintains a Neutral rating on Tesla stock but lowered the price target from $250 to $210. Tesla is set to launch the Cybertruck on November 30, with reports indicating only a few units may be delivered at the event. Tesla's stock closed up 0.55% at $235.60.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 5:27 am

BTCUSD

DOGEUSD

Javier Milei, Argentina's next President, is gaining attention for his unconventional telepathic communications with his deceased dog, Conan, who he claims advised him on his political strategy. Milei's pro-Bitcoin stance has garnered support from prominent crypto figures like Balaji Srinivasan, Michael Saylor, Samson Mow, and Ryan Selkis, who are optimistic about potential Bitcoin-friendly reforms in Argentina. Elon Musk and Dogecoin co-founder Billy Markus also expressed positive sentiments about Argentina's future under Milei's leadership.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 4:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the price of its Model Y Long Range in China by 2000 yuan, marking the second price hike in less than two weeks. The new price is 304,400 yuan, although it remains cheaper than its price in October 2022. Other Tesla models and variants have not changed in price.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 3:24 am