Streetbeat News

Revenues

WOLF

Wolfspeed has announced a proposed $750 million funding from the U.S. CHIPS Act and an additional $750 million from an investment group led by Apollo. This funding aims to strengthen Wolfspeed's position in delivering next-generation silicon carbide technology.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:07 am

F

GM

RIVN

TSLA

Tesla's Cybertruck outsold all other EV trucks in the US in Q3, with 16,692 units sold, surpassing the combined sales of Rivian's R1T and Ford's F-150 Lightning. This surge has impacted Tesla's Model S and X sales negatively, but overall Tesla's US sales rose by 7%.

Portfolio Pulse from Anan Ashraf

October 15, 2024 | 9:07 am

BABA

BIDU

FXI

JD

LI

MCHI

NIO

PGJ

TCHI

XPEV

China is considering issuing $850 billion in special treasury bonds to stimulate its economy and manage local debt. This news comes as U.S.-listed Chinese stocks, including Alibaba, Baidu, and JD.com, have seen declines due to unmet expectations for economic measures. ETFs like Invesco Golden Dragon China and iShares MSCI China Tech ETF have shown mixed performance.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 7:47 am

FOXA

FOX News Digital reported double-digit gains in Q3 2024, leading all news brands in multiplatform views and minutes. It saw a 31% year-over-year growth in total digital multiplatform uniques, narrowing the gap with CNN.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 7:03 am

EWQ

The Harmonised Index of Consumer Prices (HICP) in France for September decreased by 1.3% month-over-month, which is slightly more than the estimated decrease of 1.2%. The previous month's HICP was at 1.2%.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 7:01 am

CMCSA

NBCUniversal, a subsidiary of Comcast Corp (NASDAQ:CMCSA), is undergoing a major restructuring of its advertising team, with key leadership changes and a new strategy for sports and Olympics sales. This move aims to enhance market share and streamline operations.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 6:52 am

TVGN

Tevogen's CEO has reaffirmed the company's commitment to transparency regarding its multi-billion-dollar assets following the release of revenue projections.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:32 am

DIS

WBD

Warner Bros.' 'Joker: Folie À Deux' is projected to lose up to $200 million due to poor box office performance, contrasting sharply with the success of the original 'Joker' film. The sequel's shift to a musical tone may have alienated fans, impacting Warner Bros.' stock.

Portfolio Pulse from Ananya Gairola

October 15, 2024 | 6:11 am

EWU

The U.K. Average Earnings Index, including bonuses, for August was reported at 3.8%, matching the estimated figure and showing a decrease from the revised prior figure of 4.1%.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:03 am

ERIC

Ericsson forecasts its Q4 adjusted gross margin for Networks to be between 47%-49%, with sales growth for Networks and Cloud Software expected to fall below the three-year seasonal average.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:36 am