Streetbeat News

Products Services

GEV.N

GE Vernova has acquired the remaining 55% stake in a Saudi joint venture from Dussur, becoming the sole owner of the General Electric Saudi Advanced Turbines JV. The deal's value was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:57 pm

AMZN

Amazon is expanding its same-day grocery delivery service by partnering with Metropolitan Market and expanding its existing service with Weis Markets. This move enhances Amazon's grocery delivery offerings in the Greater Seattle area and additional locations in Pennsylvania, New Jersey, and New York.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:41 pm

NFE

New Fortress Energy has received authorization from the U.S. Department of Energy to export up to 1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 asset in Mexico for five years. This expands their market reach globally.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:33 pm

AMZN

GOOGL

META

Amazon, Google, and Meta are significantly increasing their capital expenditures to capitalize on generative AI advancements. JPMorgan analyst Doug Anmuth predicts a 40-60% increase in capex for these companies in 2024, driven by early returns on AI investments. Amazon's AI business is generating $2B-$3B annually, Google's AI products have contributed billions in revenue, and Meta's AI-driven improvements have boosted engagement and ad recommendations.

Portfolio Pulse from Surbhi Jain

September 03, 2024 | 3:29 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares fell 12% after the company reported a decrease in Bitcoin mining for August. Despite a slight increase in hashrate, the company mined fewer Bitcoins compared to July. CleanSpark is expanding its data center capacity, which is expected to boost future production.

Portfolio Pulse from Adam Eckert

September 03, 2024 | 3:24 pm

SIFY

Sify Technologies Limited (NASDAQ:SIFY) shares surged after announcing its partnership with NVIDIA as a colocation partner in the NVIDIA DGX-Ready Data Center program, certified for liquid cooling. This positions Sify as a key player in AI infrastructure solutions, driving heavy trading volume and a 140% stock price increase.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 3:16 pm

DIS

Deep-pocketed investors are showing significant interest in Walt Disney (NYSE:DIS) options, with a mix of bullish and bearish sentiments. The options activity suggests a price target range of $80 to $100. The trading volume is high, and the stock is slightly up at $90.41.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 3:15 pm

E

Eni S.p.A. has launched Italy's first CO2 capture project, the Ravenna CCS, in partnership with Snam SPA. The project aims to significantly reduce CO2 emissions by capturing and storing carbon from Eni's natural gas plant. Despite this initiative, Eni's shares are trading lower.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 3:15 pm

TAP

TLRY

Tilray Brands, Inc. has completed the acquisition of three US craft breweries from Molson Coors, enhancing its position as a leading craft brewer in the US. This strategic move is expected to boost Tilray's beer business by 30% and increase production to 15 million cases annually.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 3:07 pm

LUV

Southwest Airlines has reintroduced its popular Companion Pass promotion, allowing Rapid Rewards members to designate a companion to fly for free with them on purchased or points-redeemed flights.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:01 pm