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SONY

During Gamescom, Xbox head Phil Spencer discussed the future of Microsoft's Xbox consoles and dismissed the need for a mid-generation refresh. He also addressed the launch of Baldur's Gate 3 on PlayStation before Xbox. Spencer stated that the Xbox team is focusing on improving the storage capabilities of the Xbox Series S, with the Carbon Black edition set to debut on September 6, 2023. The delay in the Xbox version of Baldur's Gate 3 is due to difficulties in optimizing the game's two-player split-screen co-op for the Xbox Series S.

Portfolio Pulse from Franca Quarneti

August 24, 2023 | 5:32 pm

GOOG

GOOGL

WMT

Alphabet's drone delivery venture, Wing, is partnering with two Walmart Superstores in the Dallas-Fort Worth area to provide drone delivery services to approximately 60,000 households. The global delivery drones market is expected to reach $10.47 billion by 2030. Wing's drones can deliver a range of items, from groceries to over-the-counter medications, within a six-mile radius and commit to a 30-minute delivery window.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 5:31 pm

TSLA

Tesla CEO Elon Musk has warned of manufacturing challenges for the company's long-delayed Cybertruck, stating that its design makes small flaws highly visible. Despite promoting the vehicle on social media, Tesla has not yet confirmed the final pricing or specs for the Cybertruck. In a recent financial disclosure, Tesla stated that Cybertruck production was not yet active and the company was still working on tooling. Shares of Tesla dipped slightly following Musk's comments.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 5:22 pm

SONY

Sony Group Corp has acquired audio technology and high-end gaming headphones brand, Audeze, through its subsidiary Sony Interactive Entertainment LLC. The acquisition is expected to enhance the audio experience of PlayStation games. Audeze will continue to operate independently and be a part of the PlayStation ecosystem. As of June 30, 2023, Sony's cash and cash equivalents stood at JPY1.5 trillion.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 4:48 pm

NKLA

Nikola Corp's shares are trading lower by 8.3% following the announcement of a registered direct offering of senior convertible notes worth up to $325 million. The company expects net proceeds of around $124.5 million. The stock has been under pressure after a nearby fire led to the voluntary recall of over 200 vehicles, causing a temporary halt on new BEV sales.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 4:45 pm

PLUG

Plug Power Inc's (NASDAQ:PLUG) shares are trading lower by 3.29% after BMO Capital analyst Ameet Thakkar maintained a Market Perform rating and lowered the price target from $10.25 to $8. The company recently hosted an analyst day, highlighting achievements of its 15 ton per day (TPD) liquid green hydrogen plant in Georgia. Increased hydrogen production is expected to boost Plug's fuel margin from Q2 to Q4 2023.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 4:45 pm

DBX

Dropbox is set to announce new fees for its cloud storage plans, ending its unlimited cloud document storage for customers, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:32 pm

UAL

United Airlines Holdings is preparing for a record-breaking Labor Day holiday with nearly 2.8 million customers expected to fly. The company's bookings for international travel over the Labor Day holiday period are up 35% compared to 2019 and up 29% compared to last year.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:30 pm

FB

Instagram's Threads has announced that its web version is now live. Instagram is owned by Meta Platforms Inc.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:11 pm

META

Meta Platforms has announced that the web version of its Threads application is now live, according to Reuters.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:09 pm