Streetbeat News

Revenues

BITB

GBTC

IBIT

Bitcoin prices fell sharply to $67,000, raising concerns about a potential reversal in the bullish trend. Analysts highlight insufficient bid support and anticipate continued volatility due to upcoming U.S. macroeconomic data releases. Bitcoin ETFs saw mixed flows, with Grayscale experiencing significant outflows.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 11:36 am

NICE

NICE has launched 1CX, a new Unified Communications As A Service (UCaaS) offering, priced at $5 per user per month.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:31 am

ZK

Chinese EV maker ZEEKR (NYSE:ZK) reported a significant increase in Q1 2024 vehicle deliveries and revenue, outperforming analyst expectations. The company saw a 117% Y/Y increase in vehicle deliveries and a 71% Y/Y increase in revenue, beating the consensus estimate. Despite an adjusted EPS loss, it was much better than expected. The vehicle margin and gross margin also improved significantly.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:23 am

AAPL

DO

LUV

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am

WDS

Woodside Energy Group Ltd (NYSE:WDS) shares are trading lower premarket after announcing the first oil from the Sangomar field offshore Senegal. The project, developed by a joint venture including Woodside and PETROSEN, features a standalone FPSO facility and subsea infrastructure. The project cost remains within the $4.9 billion – $5.2 billion range, with production ramping up through 2024.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 10:45 am

J

Jacobs, in a joint venture with VolkerStevin, has been appointed as a construction delivery partner by United Utilities. This partnership is expected to enhance Jacobs' project portfolio and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:37 am

CLNE

Clean Energy Fuels Corp. (NASDAQ:CLNE) has completed the construction of a third production train at its Boron, California LNG plant, increasing its capacity by 50%. This expansion will help meet the rising demand for LNG, particularly from customers like Pasha Hawaii, which operates three LNG-powered container ships.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:32 am

STNG

Scorpio Tankers has sold five MR product tankers for a total of $142.5 million. This move is part of the company's strategy to optimize its fleet and improve liquidity.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:30 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has resumed hiring across various categories including energy storage, manufacturing, sales, customer support, and vehicle service, signaling a shift in its growth strategy. This comes after significant layoffs and a hiring freeze earlier in the year.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 10:25 am

YJ

Yunji reported a repeat purchase rate of 74.4% for the twelve months ending March 31, 2024. Total revenues for Q1 2024 were RMB127.9 million (US$17.7 million), down from RMB178.7 million in Q1 2023, due to soft consumer confidence and strategic product and supplier optimization.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:06 am