Streetbeat News

Revenues

FNF

Fidelity Investments (NYSE:FNF) is pressuring ETF firms to pay for listing and maintaining their products on its platform, potentially charging investors if no agreement is reached. This move could increase expenses in the cost-conscious ETF market and stifle innovation.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 2:28 pm

ARKK

NVDA

PP

TSLA

Emails from Nvidia reveal that Elon Musk redirected 12,000 H100 GPUs from Tesla to his social media company X, delaying Tesla's supercomputer development and potentially hindering its AI and robotics initiatives. Analysts remain optimistic about Tesla's long-term prospects despite this setback.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 2:24 pm

DXCM

EWQ

Dexcom has secured access to its Dexcom ONE sensor for 100,000 Type 2 diabetes patients in France, with the French government offering full national reimbursement for the CGM technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:19 pm

WBD

Max has announced an immediate price increase for its ad-free plans. This move is expected to impact subscribers and could influence the company's revenue and stock performance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:16 pm

NYT

The New York Times Company has surpassed 2 million international digital subscribers, marking a significant milestone in its global expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:07 pm

AAPL

FXI

Apple has reportedly held discussions with China Mobile to bring its Apple TV+ streaming service to China. This move could significantly expand Apple's market reach in the region.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:06 pm

FCX

SCCO

Shares of copper companies are trading lower amid a drop in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:01 pm

AAPL

MSFT

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co's (TSMC) C.C. Wei has assumed the roles of Chairman and CEO, marking a significant leadership change. Wei reiterated expectations for AI-driven industry recovery by 2024 and discussed price hikes for AI chip production with Nvidia's CEO. TSMC's stock traded lower on Tuesday despite a recent rise. The company remains committed to Taiwan for its production and is focusing on future investments over share buybacks. Geopolitical tensions and supply challenges in the semiconductor industry are ongoing concerns.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 2:01 pm

SPY

Factory orders for April increased by 0.7%, matching both the estimate and the prior month's growth rate.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:01 pm

SPY

Durable goods orders excluding defense remained flat in April, showing no change from the previous month.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:00 pm