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BABA

Alibaba Group's international e-commerce arm reported a 32% revenue growth, driven by strong cross-border business and innovations. AliExpress and Lazada showed significant performance improvements, with Lazada achieving its first positive EBITDA. Alibaba's stock rose 4.6% following the results.

Portfolio Pulse from The Bamboo Works

August 21, 2024 | 3:35 pm

AAPL

PYPL

SQ

Apple's iOS 18.1 update opens NFC technology to developers, allowing PayPal and Block to engage more directly with iOS users, potentially reshaping the mobile payments landscape. However, this opportunity comes with financial complexities and challenges.

Portfolio Pulse from Surbhi Jain

August 21, 2024 | 3:24 pm

MULN

Mullen Automotive's stock is trading higher after announcing that its unit, Bollinger Motors, will start producing the Bollinger B4 Chassis Cabs in September 2024, with deliveries and revenue expected in October 2024. The B4 EV truck is designed with a secure battery solution and will be produced in partnership with Roush Industries.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 3:13 pm

EWZ

MT

ArcelorMittal and Atlas Renewables Energy are forming a joint venture to build a solar plant in Brazil, with ArcelorMittal set to acquire full ownership by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:10 pm

EV

RIO

SLX

Rio Tinto has signed a $110 million agreement with XCMG Machinery to supply mining equipment for the Simandou iron ore project in Guinea. This project is significant due to its high-grade iron ore reserves. Rio Tinto's shares have risen following the announcement.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 3:01 pm

NFLX

Netflix is launching a 'Squid Game' video game as part of its strategy to release original games based on its intellectual property. The game, 'Squid Game: Unleashed,' will be available on the Netflix app, coinciding with the release of the show's second season. This move is part of Netflix's broader plan to release a new game every month.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:51 pm

BABA

PDD

Shein has filed a lawsuit against PDD Holdings Inc's Temu for design theft and fraud. Both companies face challenges, including economic pressures and competition from Amazon's new bargain section. PDD Holdings' stock has a positive outlook with a 44.82% expected upside.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 2:50 pm

GDC

GD Culture Group Limited (NASDAQ:GDC) has launched a TikTok account, @streamlineainews, to provide updates, insights, and trends in AI. This initiative aims to educate and entertain those interested in AI developments.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:43 pm

ETH

Bitcoin influencer Max argues against the bearish sentiment on Pepe (PEPE), emphasizing its strong performance against Ethereum (ETH) despite both being down. He suggests that the PEPE/ETH pair is in a healthy uptrend, which could influence investor perspectives on meme coins. Data shows a significant increase in large transaction volumes for PEPE.

Portfolio Pulse from Khyathi Dalal

August 21, 2024 | 2:43 pm

BYDDY

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm