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META

Meta Platforms Inc. has launched Instagram Threads, a new app that combines features of Instagram and Twitter. The app has been well-received by users, with its intuitive interface and fresh look. However, it is still a work in progress with some features yet to be added. The app supports seamless integration with existing Meta accounts and emphasizes user privacy. Threads is a separate space for real-time updates and public conversations, catering to both creators and casual posters.

Portfolio Pulse from Sudhanshu Singh

July 06, 2023 | 7:46 am

IDBA

IDEX Biometrics is partnering with Beautiful Card Corporation (BCC) to expand its distribution of biometric smart cards in Asia. BCC, one of the top 10 smart card manufacturers globally, will increase production of the IDEX Pay Biometric card solution due to rising demand from issuers and banks in the region.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:45 am

WKEY

WISeKey International Holding Ltd (NASDAQ:WKEY), a Swiss-based cybersecurity, IoT, AI platform company, has partnered with Philipp-Emmanuel Pauli to launch the first ever 3D NFTs. The NFTs will use the latest light field technology from Brooklyn-based start-up Looking Glass.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:43 am

AAPL

Apple Inc (AAPL) is reportedly focusing on its retail stores in India to boost revenue, following the opening of its first retail outlet in the country in May. The company has almost doubled sales targets for franchisee-owned exclusive retail stores and started offering discounts at its company-owned physical stores and online store in India. Apple has also increased the sales targets for its over 200 Premium Reseller stores in India. The company is also looking to manufacture more iPhones locally with the Tata Group.

Portfolio Pulse from Arpit Nayak

July 06, 2023 | 7:11 am

GM

TM

TSLA

General Motors (GM) has introduced its Ultium Home vehicle-to-home (V2H) hardware, a system that allows owners of compatible electric vehicles (EVs) to power their homes using the energy stored in their car batteries. GM offers three bundles: the Ultium Home V2H Bundle, the Ultium Home Energy System, and the Ultium Home Energy Storage Bundle. These bundles can be integrated with a photovoltaic system, with GM partnering with SunPower as its exclusive solar provider and preferred EV charger installer.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 6:12 am

BIDU

GOOG

MSFT

OpenAI's AI-powered chatbot, ChatGPT, has seen a decrease in website visitors, with a 9.7% decrease in overall traffic in June compared to May, according to analytics firm Similarweb. The release of the ChatGPT app on iOS and competition from other platforms like Jasper Chat and NeevaAI may have contributed to the decline. Notable competitors include Alphabet Inc.'s Google Bard chatbot and Microsoft Corporation's Bing, which has integrated a chatbot powered by OpenAI’s technology. Last month, Bidu, Inc. also tested its Ernie Bot, which it claims outperforms ChatGPT.

Portfolio Pulse from Ananya Gairola

July 06, 2023 | 4:33 am

META

Meta Platforms Inc.'s new decentralized social media platform, 'Threads', has garnered up to two million sign-ups within a few hours of going live. The platform allows users to sign in using their Instagram accounts and import Instagram's signature blue checkmark. Despite mixed reviews from users, Meta CEO Mark Zuckerberg believes that Threads can surpass Twitter and attract a user base of one billion people.

Portfolio Pulse from Ananya Gairola

July 06, 2023 | 2:16 am

ALLR

META

RIVN

SAVA

TSLA

US stocks traded mostly lower with the Dow Jones dropping around 120 points. The Federal Open Market Committee (FOMC) meeting revealed a consensus for additional interest rate hikes in 2023. Rivian Automotive, Meta Platforms, Allarity Therapeutics, Tesla, and Cassava Sciences were the top stocks that gained attention. Rivian and Meta Platforms closed higher, Allarity Therapeutics showed potential for improved clinical benefit in a trial, Tesla is expected to launch Cybertruck, and Cassava Sciences announced slowed cognitive decline in a study.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 12:48 am

MSFT

NTDOY

SONY

Microsoft Corp's Xbox and Bethesda have confirmed their attendance at Gamescom 2023, sparking anticipation among attendees for a potential opportunity to play Starfield, an upcoming game developed by Bethesda, before its release. Nintendo ADR has also confirmed its return to Gamescom, while Sony Group Corp. has not yet made an announcement.

Portfolio Pulse from Franca Quarneti

July 05, 2023 | 10:16 pm

F

GM

STLA

TM

TSLA

Toyota Motor Corp (NYSE:TM) plans to increase its focus on electric vehicles (EVs), with a goal to sell 3.5 million battery-powered EVs in 2030. The company's new EV division president, Takero Kato, aims to achieve the same range for these EVs as Toyota's existing hybrid vehicles. To reach this goal, Toyota will invest more in battery plants and start producing battery-powered EVs in the U.S. in 2025. This comes as industry peers like General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) have partnered with Tesla Inc (NASDAQ:TSLA) on EV charging infrastructure.

Portfolio Pulse from Chris Katje

July 05, 2023 | 9:52 pm