Streetbeat News

Revenues

NOTE

FiscalNote has announced the divestiture of its Board.org business to Executive Platforms for a total consideration of up to $103M. Board.org accounts for about 10% of FiscalNote's FY 2023 GAAP revenue.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:01 am

BZ

Kanzhun Ltd forecasts Q1 2024 revenue to be between RMB1.64 billion and RMB1.67 billion, indicating a year-on-year growth of 28.3% to 30.7%. This outlook is based on current market and operational conditions in China, which are subject to change.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:35 am

REVB

Revelation Biosciences announced positive data on its proprietary formulation, Gemini, showing its potential in improving kidney function and reducing inflammation related to acute kidney injury. Gemini, a phosphorylated hexaacyl disaccharide (PHAD), is under development for various applications including the prevention of hospital-acquired infections and treatment of acute and chronic organ diseases.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:24 am

ABNB

Airbnb, Inc. (NASDAQ:ABNB) announced a global ban on indoor security cameras in listings to prioritize customer privacy. The updated policy also includes stricter guidelines for outdoor cameras and devices like noise monitors, while allowing doorbell cameras and noise decibel monitors. The policy change, effective April 30, aims to provide clearer rules for the Airbnb community. The company has seen a 40% share price increase over the past year and reported strong financial results for the fourth quarter, including $63 million in net cash from operating activities. Airbnb also initiated a $6 billion share repurchase program and forecasts first-quarter revenue between $2.03 billion and $2.07 billion, with expectations of a higher take rate and moderate nights booked growth.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 9:47 am

RERE

ATRenew projects its Q1 2024 revenue to be between RMB3.55 billion and RMB3.65 billion, indicating a year-over-year increase of 23.6% to 27.1%. This forecast is based on current market and operational conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:39 am

EWG

Germany's Consumer Price Index (CPI) for February increased by 0.4%, aligning with estimates and showing an increase from the 0.2% rise observed in the previous month.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:04 am

EWG

Germany's Consumer Price Index (CPI) for February showed a year-over-year increase of 2.5%, aligning with estimates and marking a decrease from the previous 2.9%. The iShares MSCI Germany ETF (EWG) may be impacted as it reflects the performance of the German market.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:04 am

EWU

The U.K. unemployment rate for January was reported at 3.9%, slightly higher than the estimated 3.8% and the previous rate of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:03 am

EWU

The U.K. Claimant Count Change for February was reported at 16.8K, lower than the estimated 20.3K and higher than the revised prior figure of 3.1K. This indicates a slower increase in unemployment claims than expected.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:03 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, described the U.S. economy as 'kind of booming' but also cautioned that a recession remains a possibility. His comments were made at the Australian Financial Review Business Summit and reflect ongoing concerns about the U.S. economy's potential for a recession despite its current strength. Dimon had previously warned about the risks of a recession and the market's underestimation of these risks. The recent increase in the unemployment rate from 3.7% to 3.9% in February has added to these concerns.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 1:50 am