Streetbeat News

Products Services

INTC

NVDA

TSM

SoftBank's plans to produce an AI chip to rival Nvidia have hit a roadblock as talks with Intel fell through. SoftBank is now looking to Taiwan Semiconductor Manufacturing Co. for production. This shift comes amid Intel's cost-cutting measures and layoffs.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 7:29 am

PSNY

Polestar Automotive (NASDAQ:PSNY) has started production of its Polestar 3 SUV in South Carolina to avoid high tariffs on China-made EVs. This move aims to strengthen its market presence in the U.S. and Europe. The company plans to expand its manufacturing to South Korea by mid-2025 and aims to have five EV models by 2026.

Portfolio Pulse from Anan Ashraf

August 15, 2024 | 7:29 am

DOGEUSD

ETHUSD

SHIBUSD

Neiro (CRYPTO: NEIRO), a new dog-themed memecoin inspired by the sister of Dogecoin mascot Kabosu, has surged 1408% since its launch. Despite the owner's denial of endorsement, the coin has gained significant traction, reflecting the ongoing interest in memecoins.

Portfolio Pulse from Aniket Verma

August 15, 2024 | 6:55 am

DIS

The Walt Disney Company (NYSE:DIS) is seeking to dismiss a wrongful death lawsuit by citing an arbitration clause in their Disney+ subscription agreement. The lawsuit was filed by Jeffrey Piccolo after his wife, Kanokporn Tangsuan, died from an allergic reaction at an Irish pub in Disney Springs. Disney argues that Piccolo agreed to resolve disputes through arbitration when he subscribed to Disney+. The company also noted that it does not own or operate the pub. A hearing on Disney’s motion is scheduled for Oct. 2.

Portfolio Pulse from Ananya Gairola

August 15, 2024 | 6:50 am

DJT

Eric Trump has hinted at a major cryptocurrency initiative by The Trump Organization, focusing on decentralized finance (DeFi) and 'digital real estate.' This move aims to disrupt traditional banking and finance. Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) saw a slight decline following the announcement.

Portfolio Pulse from Aniket Verma

August 15, 2024 | 5:54 am

GOOG

GOOGL

Judge James Donato has indicated plans to dismantle Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s Android app store monopoly in the ongoing Epic v. Google case. Despite Google's arguments about the high cost and effort required to open its store to rival stores, Donato is determined to remove these barriers. A final ruling is expected in a little over two weeks.

Portfolio Pulse from Ananya Gairola

August 15, 2024 | 5:03 am

BTCUSD

Anthony Scaramucci, CEO of SkyBridge Capital, emphasized the need for bipartisan support in cryptocurrency regulation during a virtual town hall organized by 'Crypto for Harris.' He highlighted the importance of neutrality in the industry and expressed confidence in Kamala Harris' regulatory approach. Scaramucci also warned about the potential impact of a Trump administration on the Federal Reserve and courts, while supporting Trump's stance on Bitcoin.

Portfolio Pulse from Aniket Verma

August 15, 2024 | 3:43 am

BABA

NKE

TSLA

ULTA

WMT

On Wednesday, major U.S. indices closed positively. Key stocks on investors' radars included Nike, Ulta Beauty, Alibaba, Walmart, and Tesla. Nike saw a slight increase after Pershing Square's new stake, Ulta Beauty dipped despite Berkshire Hathaway's new stake, Alibaba fell but rose in after-hours trading due to Lazada's profitability, Walmart rose ahead of earnings, and Tesla dropped due to new competition in Robotaxi plans.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 3:25 am

AAPL

Apple Inc. (NASDAQ:AAPL) is developing a tabletop home device with a robotic arm, expected to debut by 2026 or 2027. The device will serve as a smart home hub, videoconferencing platform, and home security tool, priced around $1000. Analysts have mixed views on Apple's move into robotics.

Portfolio Pulse from Ananya Gairola

August 15, 2024 | 2:28 am

Wallace 'Wally' Amos, founder of Famous Amos and literacy advocate, passed away at 88. Amos lost ownership of Famous Amos but later owned Chip & Cookie in Hawaii and co-founded Uncle Wally’s Muffin Co. Kellogg Company (NYSE:K) sold Famous Amos and other brands to Ferrero Group in 2019 for $1.3 billion.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 1:02 am