Streetbeat News

Products Services

SONO

TTD

Sonos is collaborating with The Trade Desk to develop a TV streaming device. This partnership aims to integrate advanced advertising technology into Sonos's new product, potentially enhancing its market position.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:08 pm

AMZN

BABA

MSFT

Alibaba is leveraging AI to enhance its cloud services and compete with Microsoft and Amazon. The integration of generative AI into Ali Cloud aims to improve customer service and expand into new industries, potentially unlocking new revenue streams.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 6:07 pm

PTON

Peloton is making adjustments to its retail pricing strategy, which could impact its market position and financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:01 pm

FULC

GV

MODV

NTGR

ONCT

SIG

U.S. stocks rose with the Dow Jones surging over 200 points. Signet Jewelers reported better-than-expected earnings, while NETGEAR and Visionary Holdings saw significant stock price increases. ModivCare, Fulcrum Therapeutics, and Oncternal Therapeutics experienced sharp declines due to various announcements.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:01 pm

COIN

Coinbase shares rise following the launch of Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin, aimed at bridging Bitcoin to Ethereum and base networks.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:00 pm

MSFT

Microsoft has revamped its Xbox Game Pass subscription service, introducing new tiers with varying levels of access and pricing. The Xbox Game Pass Ultimate now costs $19.99 per month, offering the most comprehensive access, while the new Standard tier at $14.99 per month offers fewer benefits. The changes impact the availability of popular games, with some titles now exclusive to the Ultimate tier.

Portfolio Pulse from Franca Quarneti

September 12, 2024 | 5:59 pm

U

Unity Software's shares rose following the announcement by its new CEO to cancel the unpopular runtime fee and instead increase prices through subscription fees.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 5:51 pm

AAPL

ARM

Arm Holdings' stock is down 0.6% despite a 14% rise since Monday, driven by anticipation of its V9 architecture in Apple's upcoming iPhone 16. This could significantly boost Arm's royalties. Arm's recent earnings exceeded expectations, with strong sales and royalty income.

Portfolio Pulse from Henry Khederian

September 12, 2024 | 5:49 pm

BAC

BCS

BGC

C

GS

JPM

MS

BGC Group Inc. is launching the FMX Futures Exchange to trade SOFR futures, challenging the Chicago Mercantile Exchange's monopoly. The exchange is backed by major financial institutions and aims to start trading on September 23. Despite skepticism from CME's CEO, FMX has regulatory approvals to proceed.

Portfolio Pulse from Michael Juliano

September 12, 2024 | 5:49 pm

GILD

Gilead Sciences announced promising results from a Phase 3 trial of its HIV-1 capsid inhibitor, lenacapavir, showing a 96% reduction in HIV infections. The trial demonstrated lenacapavir's superiority over Gilead's Truvada, leading to early unblinding of the study. Gilead plans regulatory filings by 2024, aiming for a 2025 launch.

Portfolio Pulse from Vandana Singh

September 12, 2024 | 5:46 pm