Streetbeat News

Products Services

SPHR

Sphere Entertainment Co. (NYSE:SPHR) and the NFL have announced a collaboration to display custom Super Bowl LVIII content on Sphere's Exosphere in Las Vegas. This content, created by Sphere Studios, will be featured throughout Super Bowl Week and during the game's broadcast on CBS and Paramount+. The Exosphere will showcase a variety of Super Bowl-themed visuals, including a countdown clock, welcome visuals, key graphics of the teams, and all 57 Super Bowl rings. Additionally, Sphere's interior will be highlighted in CBS Sports' broadcast with custom videos. The collaboration aims to leverage Sphere's unique digital canvas to enhance the Super Bowl experience in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:40 pm

EYPT

EyePoint Pharmaceuticals announced successful results for its Phase 2 DAVIO 2 trial of EYP-1901, meeting its primary endpoint of statistical non-inferiority in BCVA compared to aflibercept, with no serious adverse events. The trial also met key secondary endpoints, including significant reduction in treatment burden and strong anatomical control.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:39 pm

EYPT

EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) announced positive results from Phase 2 DAVIO 2 clinical trial of EYP-1901 for wet AMD, showing superiority in visual acuity and anatomic stability compared to aflibercept. The trial met all primary and secondary endpoints, with plans to initiate Phase 3 trials in H2 2024. Results were presented at the Angiogenesis, Exudation, and Degeneration 2024 Virtual Meeting.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:37 pm

AAPL

On the 28th anniversary of Steve Jobs' return to Apple, a reflection on the company's growth reveals a 134,227% increase in Apple's stock price from $0.137277 in 1997 to $184.4 today. An initial $1,000 investment in Apple then would be worth $1,343,269 today, significantly outperforming similar investments in Nasdaq and S&P 500 index funds. The article also highlights Apple's product innovations under Jobs and the promising start of the Apple Vision Pro mixed reality headset.

Portfolio Pulse from Rounak Jain

February 04, 2024 | 2:47 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

AAPL

ESGU

GE

META

TSLA

Barron's weekend stock picks highlight optimism for GE's future post-breakup, Meta's inaugural dividend signaling a shift in Big Tech's approach, a record outflow from ESG funds with iShares ESG Aware USA ETF facing challenges, Apple's resilience despite weak guidance, and Tesla's stock decline attributed to various factors including competition from Ford. The articles suggest a mixed outlook for these companies, with specific challenges and opportunities outlined for each.

Portfolio Pulse from Justin Chan

February 03, 2024 | 10:09 pm

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Viral videos of the Charging Bull statue on Wall Street wearing a knitted hat have caused the memecoin Dogwifhat (WIF) to surge 17%. The stunt, which attracted significant attention on social media, has been linked to a potential increase in the coin's popularity, with it trading around $0.25, up from the past 24 hours but still down 50% from its all-time high. The event has been seen as a sign of cryptocurrency culture becoming more mainstream, with memecoins like Dogwifhat, Dogecoin (DOGE), Shiba Inu (SHIB), and Solana (SOL) at the forefront.

Portfolio Pulse from Ivan Crnogatić

February 03, 2024 | 9:24 pm

AMZN

GOOGL

MSFT

In Q4, Amazon's AWS led in cloud revenue with $24.20 billion, a 13% year-over-year growth. Microsoft's Azure saw a 20% growth, with Intelligent Cloud business revenue at $25.9 billion. Alphabet's Google Cloud Platform (GCP) revenue was $9.19 billion, up 25.66% year-over-year. Microsoft's Azure showed the fastest growth, partly due to its AI services, positioning it for strong future growth. Stock prices for Amazon, Microsoft, and Alphabet all rose following the earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 8:25 pm

ABT

Abbott Laboratories (NYSE:ABT) faces a lawsuit from a New York City grandmother, Joanne Noriega, over the efficacy of its PediaSure Grow & Gain nutrition drinks. The lawsuit alleges that Abbott falsely claimed the drinks were "clinically proven" to boost children's height, which led Noriega to purchase them for her grandson with no observed height increase but excessive weight gain instead. U.S. District Judge Paul Engelmayer denied Abbott's attempt to dismiss the lawsuit, citing evidence-backed reasons to question Abbott's marketing claims. Abbott insists the case is without merit, stating PediaSure is a scientifically designed nutrition solution.

Portfolio Pulse from Nabaparna Bhattacharya

February 03, 2024 | 8:03 pm

GOOGL

META

Meta Platforms, Inc. (META) shares surged 20% after reporting strong Q4 results and announcing its first dividend. Despite this, Elon Musk humorously remarked on not knowing anyone who uses Facebook, Meta's flagship app. The company's DAUs and MAUs for December 2023 showed significant growth. CEO Mark Zuckerberg highlighted the success of Reels and announced changes in reporting metrics. Alphabet, Inc.'s YouTube remains the most-used social media platform, with Facebook in second place.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 3:25 pm