Streetbeat News

Revenues

AMZN

Amazon's Project Kuiper has partnered with Vrio Corporation to provide affordable, high-speed internet connectivity in seven South American countries. This initiative will use Amazon's satellite broadband network to serve unserved and underserved communities through Vrio's DIRECTV Latin America and Sky Brasil.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:04 am

AAPL

META

NVDA

JJ Kinahan, Chief Market Strategist at IG North America, highlighted the bullish activity surrounding Meta Platforms Inc. (NASDAQ:META) over the past two weeks, with 72% of its activity being bullish. This comes amid speculation of a potential stock split and significant stock price surge driven by AI initiatives and shareholder value enhancements. However, concerns about financial sustainability remain.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 6:33 am

CDIO

NVDA

AI is being used to help cat owners in Tokyo monitor their pets' health through an app called CatsMe!, which claims to detect feline pain with over 95% accuracy. The app, developed by Carelogy and Nihon University, reflects the growing trend of AI integration in healthcare. The global AI in healthcare market is projected to reach $148.4 billion by 2029. Nvidia has also partnered with Hippocratic AI to introduce AI nurses, and Cardio Diagnostics Hldgs is using AI to prevent cardiovascular disease.

Portfolio Pulse from Ananya Gairola

June 13, 2024 | 5:51 am

GME

GameStop Corp (NYSE:GME) has completed a $2.14 billion share sale, raising questions about the funding source from Keith Gill, also known as 'Roaring Kitty.' Ross Gerber, CEO of Gerber Kawasaki Wealth, expressed concerns about the transaction. Despite the controversy, some analysts, including Jim Cramer, see GameStop's strong cash position as a positive development. The stock closed at $25.46, down 16.50%, but rose to $26.00 in after-hours trading.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 5:45 am

MDLZ

Mondelēz International has partnered with Lotus Bakeries to expand the Biscoff brand in India and develop co-branded chocolate products in Europe. Mondelēz will manufacture, market, distribute, and sell Lotus Biscoff in India, and the companies will create new chocolate products combining Biscoff with Cadbury, Milka, and other brands.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:44 am

EWA

Australia's full employment change for May reported a significant increase of 41.7K compared to a prior decrease of 7.6K. This positive employment data could impact the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:21 am

BBJP

DXJ

EWJ

Japan's BSI Large Manufacturing Conditions for Q2 improved to -1.0, better than the estimated -5.2 and the previous -6.7. This indicates a less severe contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:21 am

EWU

The U.K. RICS House Price Balance for May was reported at -17%, significantly below the estimated -5% and the revised prior figure of -7%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:20 am

BONKUSD

DOGEUSD

PEPEUSD

The memecoin market saw a significant rally led by Dogecoin, Pepe, and Bonk, following a week-long corrective phase. Dogecoin gained over 4% in the last 24 hours, with trading volumes surging to $1.2 billion. Bonk and Pepe also saw notable gains and increased trading volumes. The total memecoin market cap rose by 5.14% to $56.12 billion, coinciding with positive inflation statistics and forecasts of an altcoin boom.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 3:59 am

AAPL

Apple and OpenAI have announced a partnership to integrate ChatGPT into Apple's devices, with no initial cash payments involved. The collaboration aims to enhance Apple's AI capabilities and potentially drive user engagement and upgrades. Future revenue may come from subscription conversions. Apple is also exploring partnerships with other AI companies like Google and Anthropic.

Portfolio Pulse from Ananya Gairola

June 13, 2024 | 3:05 am