Streetbeat News

Revenues

EC

Ecopetrol has secured a one trillion pesos loan from Banco de Bogotá, Banco de Occidente, and Banco Popular to amplify operations. The loan will be used for non-investment expenses and existing financial commitments, with a seven-year term and a two-year grace period.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:29 am

QCOM

SSNLF

Samsung's upcoming Galaxy S25 is expected to exclusively feature Qualcomm's next-generation Snapdragon chipset, replacing its own Exynos chips due to lower-than-expected 3nm yield. This shift could significantly benefit Qualcomm and its exclusive supplier, Taiwan Semiconductor.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 8:17 am

SMCI

Supermicro is expanding its global AI capabilities by adding three new manufacturing facilities in Silicon Valley and abroad. This expansion aims to more than double the current capacity of 1,000 AI SuperClusters shipped per month.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:16 am

BTCUSD

ETHUSD

MATICUSD

Paris Match, a renowned French magazine, is auctioning 75 iconic photos as Ethereum-based NFTs. The auction includes images of celebrities and historical events, with opening bids starting at 0.3 Ether. This move aligns with the growing trend of tokenizing historically significant assets.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 8:05 am

ACIW

ACI Worldwide and STET have processed 50 million instant cross-border payments in the last 12 months using STET's CSM platform, which leverages ACI technology for interoperability with other major European instant payment schemes.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:13 am

BLK

USDTUSD

Tether has launched a new platform, Alloy By Tether, to create gold-backed stablecoins pegged to the U.S. Dollar. The first asset, aUSDT, is a synthetic dollar over-collateralized by Tether Gold (XAUt). This move aims to provide exposure to gold while allowing its use in payments.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 5:33 am

STZ

TAP

TLRY

A new study led by Dr. Erika Rosen highlights that cannabis is less harmful than alcohol and opioids, suggesting a shift in consumer preferences towards cannabis-infused beverages. This shift presents growth opportunities for the cannabis beverage market. Companies like Constellation Brands, Molson Coors, and Tilray are already investing in this space.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 4:51 am

SNWGF

Snowline Gold Corp. (OTC:SNWGF) has published an initial assessment for its Valley deposit in Yukon, revealing a significant high-grade gold resource. The deposit contains 4.05 million ounces of indicated gold and 3.26 million ounces of inferred gold, positioning it as one of the richest in the region. The project faces logistical challenges due to its remote location but holds substantial growth potential.

Portfolio Pulse from Stjepan Kalinic

June 17, 2024 | 10:05 pm

ATRO

Astronics Corporation has secured a $215 million contract from the U.S. Army for the Radio Test Set TS-4549/T. The contract is a firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) agreement with a five-year performance period. An initial delivery order of $15.5 million has been placed, with expected revenue of $10 million to $12 million in 2024, including $5 million to $7 million in the second quarter.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:00 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market over the past 5 years, delivering an average annual return of 29.42%. A $1000 investment in ON stock 5 years ago would now be worth $3,536.50. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 9:30 pm