Streetbeat News

Products Services

AMZN

Amazon.com Inc (NASDAQ:AMZN) is introducing a new 2% fee for third-party sellers who manage their own shipping, set to begin in October. This is in addition to the 15% commission these merchants already pay to sell their goods on Amazon's marketplace. The new fee is seen as a tactic to coerce merchants into adopting Amazon's logistics services. The move comes as Amazon faces a potential antitrust lawsuit from the U.S. government.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 6:37 pm

MSFT

Microsoft Corporation's Xbox Game Pass is set to release several new titles in August, including the horror game 'The Texas Chain Saw Massacre'. Other games include 'Everspace 2', 'Firewatch', 'Sea of Stars', and 'Gris'. Early access to 'Starfield' will be available on September 1 for those who purchase the pricier version. On August 31, six games will be removed from Game Pass.

Portfolio Pulse from Franca Quarneti

August 16, 2023 | 6:32 pm

BCHUSD

BTCUSD

ETHUSD

LTCUSD

PYPL

Hardware wallet provider Ledger has integrated with PayPal to simplify the process of buying cryptocurrencies, including Bitcoin and Ethereum, for U.S.-based users via the Ledger Live companion app. This feature is exclusively available to users in the United States. U.S.-based Ledger users can now directly purchase BTC, ETH, Bitcoin Cash, and Litecoin using their linked PayPal accounts. All crypto purchases made through PayPal will be automatically transferred to the user's Ledger hardware wallet.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 6:17 pm

PBR

Petrobras announced that it will increase the prices of gasoline and diesel, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 5:50 pm

MSFT

According to a report by CNBC citing research from Freelancer.com, creative writing is currently the most in-demand freelance job. Despite the increasing adoption of AI, it still requires human oversight and cannot replace creativity. Freelancer.com CEO, Matt Barrie, noted a similar trend in the first quarter of the year with creative design jobs flourishing despite interest for generative AI tripling. The report also indicates that writers on Freelancer.com are charging up to $250 an hour. AI tools like Microsoft-backed ChatGPT can help boost earnings.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 5:23 pm

MSFT

Microsoft's Xbox has introduced an enforcement strike system to promote responsible and respectful behavior within its gaming community. The system operates on a tiered suspension structure, with the severity of strikes determined by the nature and gravity of the offense. The new system complements existing content moderation measures by adding an extra layer of accountability. Players can monitor their enforcement history and strikes, and are encouraged to report potential violations of the Community Standards.

Portfolio Pulse from Franca Quarneti

August 16, 2023 | 5:19 pm

SNAP

Snap Inc.'s MyAI chatbot experienced an outage, causing it to post stories for some users. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 5:02 pm

GM

TM

TSLA

General Motors (GM) has invested in AI-enabled battery materials innovator Mitra Chem to commercialize its EV battery production and reduce costs. GM is the lead investor in a Series B funding round for Mitra Chem, with the aim of co-developing iron-based cathodes and other cell chemistries. Mitra Chem's approach can reportedly shorten the lab-to-production battery timeline by over 90%. This move follows Toyota's (TM) recent announcement of a technological breakthrough that could halve the weight, size, and cost of batteries.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 4:57 pm

GEHC

Wells Fargo has initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC) with an Overweight rating and a price target of $90. The analyst believes GEHC is well-positioned to capitalize on the recent approval of Alzheimer's drugs, which should drive demand for imaging equipment. However, risks include increased competition, slower-than-expected uptake of new product launches, inflationary and supply chain headwinds, a slowdown in procedure volumes, and China volume-based procurement risk.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 4:42 pm

TLLTF

The Shinnecock Nation Tribe has announced that it will continue with its cannabis plans despite TILT Holdings' (OTC:TLLTF) decision to cut its social equity brands. The tribe is moving forward with the construction of its dispensary and is addressing unlicensed operators. TILT Holdings recently decided to cut ties with various brands that had a significant focus on diversity and social equity, a move that has been met with controversy.

Portfolio Pulse from Javier Hasse

August 16, 2023 | 4:36 pm