Streetbeat News

Products Services

DOGEUSD

SHIBUSD

The meme cryptocurrency MEME has seen a 50% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), which fell by 2-4%. MEME's market cap rose to $288 million, and its trading volume surged by over 780%. Despite having no utility or roadmap, MEME's success is partly due to its association with the Memeland Group and 9GAG. The token is not intended for use as a payment method, and its white paper includes a disclaimer to this effect.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 5:30 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is refocusing its gaming strategy to prioritize delivering free games through Prime Gaming, resulting in the elimination of over 180 jobs and the shutdown of Crown Channel and Game Growth initiatives. The company is also concentrating on upcoming game launches such as 'Throne and Liberty' and 'Blue Protocol', as well as future projects like 'Tomb Raider' and 'The Lord of the Rings' games. This follows previous layoffs in the video-game division and broader company layoffs due to slow online sales growth and recession concerns.

Portfolio Pulse from Ananya Gairola

November 14, 2023 | 4:24 am

LCID

Lucid Group Inc (NASDAQ:LCID) has entered into a strategic partnership with Riyadh Air, a new airline founded by Saudi Arabia's Crown Prince Mohammed bin Salman and wholly owned by the Public Investment Fund (PIF). The partnership includes a memorandum of understanding to explore co-marketing, commercial, and operational collaborations. Lucid, which is 60% owned by the PIF, also recently opened a new EV manufacturing facility in Saudi Arabia. At the Dubai Airshow, Lucid Air vehicles are showcased with Riyadh Air branding.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 3:47 am

MSFT

NVDA

OpenAI CEO Sam Altman expects the chip shortage, which has driven up the price of Nvidia's H100 processors, to ease next year as more companies introduce alternatives. OpenAI, backed by Microsoft, relies on Nvidia GPUs for AI applications like ChatGPT. Nvidia aims to triple GPU production by 2024, and competition is expected from companies like Google, Microsoft, and AMD. Nvidia's CEO Jensen Huang cautions that no company's survival is assured despite the AI boom.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of its Model 3 and Model Y rear-wheel drive (RWD) versions in China. The Model 3 RWD price rose by 1,500 yuan, while the Model Y RWD saw a 2,500 yuan hike. Other variants and models' prices remain unchanged. Despite the increase, the Model Y RWD is still cheaper than its October 2022 price. The price adjustments follow recent hikes for the Model 3 and Model Y Long Range versions in China.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 2:35 am

BABA

DWAC

NIO

SBLK

TSLA

U.S. stocks showed mixed performance with the Dow Jones slightly up and NASDAQ slightly down. Digital World Acquisition Corp. (DWAC) made news with its merger progress with Trump Media & Technology Group. Alibaba (BABA) faced economic challenges but managed Singles Day with strategic discounting. NIO Inc. (NIO) added a new independent director to its board. Star Bulk Carriers Corp. (SBLK) reported strong quarterly net income and declared a dividend. Tesla (TSLA) saw a significant stock surge amid reports of potential tax cuts for EV imports in India.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 2:03 am

SBIG

SpringBig Holdings, Inc. (OTCQX:SBIG) reported its Q3 2023 financial results, showing a 13% YoY increase in subscription revenue but a 5% decline in overall revenue. The company reduced its Adjusted EBITDA loss to $0.9 million from $3.4 million the previous year and cut its net loss to $2.7 million from $3.1 million. Gross profit margin remained strong at 77%. Operational highlights include adding 89 new clients and launching a new subscription-based VIP loyalty program. CFO Paul Sykes aims for positive Adjusted EBITDA in Q4 and notes a 40% reduction in operating expenses. SBIG's stock fell 8.47% to $0.175 per share.

Portfolio Pulse from Joana Scopel

November 13, 2023 | 11:24 pm

HSAI

Hesai Technology has secured a design win to supply its AT128 ultra-high resolution long-range lidar to Great Wall Motors for multiple passenger vehicle models. Mass production and delivery are set to begin in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:41 pm

AZTA

Azenta, Inc. (NASDAQ:AZTA) has announced a Memorandum of Understanding with the Ministry of Public Health of the DRC for a €100 million National Vaccination Service project. B Medical Systems, a part of Azenta, will provide cold chain solutions for vaccine storage and transport, including customized Toyota vehicles and other equipment. Over 50% of the project's value will be recognized as revenue for Azenta, with deliveries expected in fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:32 pm

NDAQ

Bill Dague, VP and head of data products at NASDAQ Inc. (NDAQ), discussed NASDAQ's data services transformation to meet the needs of retail investors in the AI era. NASDAQ responded to increased demand for macroeconomic data during the pandemic by acquiring Quandl in 2018, which enabled rapid productization. NASDAQ also launched a product to understand retail investor behavior and integrated Generative AI to enhance data analysis and mapping.

Portfolio Pulse from Piero Cingari

November 13, 2023 | 10:30 pm