Streetbeat News

Revenues

GOOGL

Perplexity, an AI-powered search engine backed by Jeff Bezos, criticizes Google's ad-heavy model. CEO Aravind Srinivas highlights decreasing engagement with ads and emphasizes Perplexity's user-centric approach. The company, which has gained significant traction and unicorn status, aims to disrupt the search engine industry and potentially challenge Google.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 8:35 am

GME

Keith Gill, known as 'Roaring Kitty,' saw his potential billionaire status slip as GameStop Corp. (NASDAQ:GME) shares fell 12% following disappointing Q1 results and a surprise 75 million share offering. Gill's holdings are now valued at $235.46 million, down from a potential $1 billion if GME had stayed above $65.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 7:59 am

ASX

ASE Technology Holding Co., Ltd. reported a 2.7% year-over-year growth in net revenues for May 2024, reaching NT$47,493 million (US$1,467 million). This represents a 3.7% sequential increase from April 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:59 am

CXW

CoreCivic faces contract termination by ICE for the South Texas Family Residential Center, leading to the suspension of its 2024 financial guidance and projecting an earnings drop of $0.38-$0.41 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:12 am

NRG

NRG has submitted an application to the Texas Energy Fund to strengthen ERCOT's dispatchable power capacity with three new projects totaling over 1,600 megawatts. These projects are expected to be completed by summer 2026, pending timely approval.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:05 am

WDS

Woodside's Sangomar Field Offshore Senegal has produced its first oil, marking a significant milestone in energy development. The deepwater project includes a floating production storage and offloading (FPSO) facility with a capacity of 100,000 barrels/day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:00 am

EWU

The U.K. Average Earnings Index +Bonus for April increased by 5.9%, surpassing the estimated 5.7% and matching the revised prior figure of 5.9%.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:04 am

AAPL

NVDA

TSM

The semiconductor industry, heavily reliant on Taiwan, faces potential disruptions due to the country's ongoing energy crisis. This could slow down chip production and increase global semiconductor prices, impacting companies like Nvidia, Apple, and TSMC.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 4:36 am

CURLF

GTBIF

VRNOF

Maryland's cannabis market offers valuable insights for Ohio as it transitions to recreational sales. Key takeaways include stable sales, high prices, and significant market share held by public multi-state operators like Green Thumb, Curaleaf, and Verano. Ohio can learn from Maryland's experience to anticipate challenges and opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 10, 2024 | 11:20 pm

KBR

NASA has awarded KBR Wyle Services LLC a contract worth up to $75.3 million for Safety and Mission Assurance services. The contract starts on August 1, 2024, and includes a three-year base period with a two-year option.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:40 pm