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XLY

Amazon's AWS plans to invest €7.8 billion in the AWS European Sovereign Cloud in Germany by 2040, starting with a new AWS Region in Brandenburg by 2025. This investment aims to drive digital transformation, enhance the AWS Partner Network, and support renewable energy projects, contributing €17.2 billion to Germany's GDP and sustaining 2,800 jobs annually. AWS will also create new permanent positions and ensure compliance with EU regulations.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 12:53 pm

SERV

Serve Robotics (NASDAQ:SERV) reported a significant improvement in its Q1 financials, with EPS losses narrowing to $(0.37) from $(0.77) YoY and sales surging to $946.71K from $40.25K YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:47 pm

EWJ

Japan's biggest banks, including Sumitomo Mitsui, are forecasting record profits as interest rates rise. Sumitomo Mitsui expects a 10% profit increase this fiscal year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:47 pm

VEEE

Twin Vee PowerCats (NASDAQ:VEEE) reported Q1 EPS of $(0.18), an improvement from $(0.19) YoY, but sales dropped 40.57% to $5.28M from $8.88M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:46 pm

SOWG

Sow Good reported a significant improvement in its financial performance for Q1 2024, with EPS rising to $0.06 from $(0.29) YoY and revenue increasing to $11.41M from $198,930 YoY. The growth was driven by the company's pivot to selling freeze-dried candy and expanded production capacity. Despite higher operating expenses and lower gross margins due to increased scale, the company achieved a net income of $510.6K compared to a net loss of $(1.4) million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:44 pm

QQQ

UUP

US inflation data for April met expectations, breaking a three-month streak of higher-than-expected readings. This has bolstered hopes for a Federal Reserve rate cut. The Consumer Price Index (CPI) showed a year-over-year increase of 3.4%, while core CPI inflation eased to 3.6%. Market reactions included a drop in Treasury yields, a weakening US dollar, and gains in stock futures, with the Nasdaq 100 index closing at an all-time high.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 12:38 pm

GLD

SLV

Gold and silver prices are rising after April CPI data revealed lower-than-expected month-over-month inflation.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:36 pm

VRAR

Brightline Interactive has secured a $4 million task order contract with a Department of Defense (DoD) entity.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:35 pm

BURU

Nuburu, Inc. (NYSE: BURU) has received a purchase order from Blueacre Technology for its BlueScan solution. Blueacre will integrate Nuburu's BL laser for precision medical device manufacturing.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:35 pm

VRNT

Verint (NASDAQ: VRNT) has secured a $4 million contract with a leading Australian bank to deploy its workforce management and AI-powered TimeFlex Bot capabilities. This expansion aims to improve agent work/life balance and reduce attrition and absenteeism among the bank's 4,500 contact center agents.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:34 pm