Streetbeat News

Revenues

BB

LYV

UNH

BlackBerry Limited (NYSE:BB) shares are trading higher in the premarket session after reporting first-quarter revenues of $144 million, beating estimates. The company's Cybersecurity segment exceeded guidance, and its IoT segment achieved 18% year-over-year revenue growth. The company also reported a smaller-than-expected loss and maintained its full-year forecast.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 10:25 am

AMZN

Amazon has invested $72 million into its Indian payments business to compete with Google Pay and Walmart-backed PhonePe. This brings Amazon's total investment in the platform to $113.8 million this year. The move aims to strengthen Amazon's position in India's rapidly growing digital payments market.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 10:19 am

AMZN

PDD

VCR

XLY

Amazon is preparing to launch a new bargain section on its site, targeting overseas consumers with affordable items shipped from China. This move aims to compete with Shein and Temu. The new marketplace will feature unbranded fashion, home goods, and daily necessities with delivery times of 9 to 11 days. Amazon will start signing up Chinese sellers this summer and begin accepting inventory in the fall.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 10:13 am

LNZA

LanzaTech Global, Inc. (NASDAQ:LNZA) and LanzaJet, Inc. have launched CirculAir™, a new technology to convert waste and renewable power into sustainable aviation fuel (SAF). This innovation aims to significantly reduce aviation emissions and overcome historical barriers to SAF adoption.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:07 am

COLD

GNL

Global Net Lease, Inc. (NYSE:GNL) has sold a portfolio of nine cold storage properties leased to Americold Realty Trust, Inc. (NYSE:COLD) for $170 million. The sale aligns with GNL's strategic disposition initiative and 2024 guidance, and the proceeds will be used to reduce debt.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:05 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a stock rally ahead of its investor day, where key updates on production, margin goals, and a new Georgia plant funded by Volkswagen (OTC:VWAGY) are expected. Fund manager Gary Black anticipates positive news, including reaffirmation of production targets and margin improvements.

Portfolio Pulse from Shanthi Rexaline

June 27, 2024 | 9:49 am

WENA

ANEW Medical (NASDAQ:WENA) has partnered with Japan's Okinawa Research Center for Longevity Science to develop Klotho gene therapy aimed at combating age-related diseases and enhancing longevity. This collaboration focuses on neurodegenerative disorders such as ALS, Alzheimer's, and Parkinson's Disease.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:02 am

AMZN

TSLA

Amazon's market capitalization has crossed the $2 trillion mark for the first time, boosting Jeff Bezos' net worth to $216 billion. Amazon's stock has rallied over 27% this year, and its upcoming Q2 results could further impact its stock price. Tesla faces headwinds, potentially affecting Elon Musk's wealth.

Portfolio Pulse from Shanthi Rexaline

June 27, 2024 | 8:14 am

IBM

Crédit Mutuel Alliance Fédérale is enhancing its AI capabilities through an expanded partnership with IBM, utilizing the IBM watsonx platform to save 1 million hours of administrative work and deploy 35 AI use cases.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:03 am

SN

SharkNinja, Inc. (NYSE:SN) has partnered with Al Khayyat Investments (AKI) to distribute its home and kitchen products in the UAE. This collaboration marks SharkNinja's entry into the Middle Eastern market, leveraging AKI's extensive distribution network and industry expertise.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:01 am