Streetbeat News

Revenues

FXI

China's year-over-year exports for December increased by 2.3%, surpassing the estimated 1.7% and the previous month's 0.5%. This indicates a stronger than expected performance in China's export sector.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:48 am

FXI

China's Consumer Price Index (CPI) for December decreased by 0.3% year-over-year, which is slightly better than the estimated 0.4% decline and an improvement from the previous 0.5% drop.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:47 am

EWA

Australia's Home Loans for the month showed a 0.5% increase, surpassing the 0.0% estimate and coming down from the previous 5.6%.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:29 am

BBJP

DXJ

EWJ

Japan's current account for November was reported at 1.926 trillion yen, falling short of the estimated 2.385 trillion yen and the previous month's 2.583 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:29 am

BBJP

DXJ

EWJ

Japan's adjusted current account for November was reported at 1.89 trillion yen, falling short of the estimated 2.18 trillion yen and below the prior month's 2.62 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:29 am

AAPL

META

Russia's internet restrictions, including limiting access to Western social media platforms after the Ukraine invasion, have resulted in a $4.02 billion economic loss in 2023. The country experienced 1,353 hours of internet shutdown, affecting 113 million users. Apple Inc. removed VKontakte from its App Store in 2022, and Meta Platforms Inc was declared a 'terrorist and extremist' entity by Moscow, with WhatsApp facing fines for not deleting banned content.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:46 am

CPA

Copa Holdings reported a 10.6% increase in December system-wide passenger traffic and a 9.3% rise in capacity. The load factor also improved by 1.0% year-over-year to 85.1%.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:06 pm

BFLY

Butterfly Network anticipates surpassing its 2023 revenue and adjusted EBITDA guidance, with plans to release the Butterfly iQ3 within the first quarter of 2024. The company had previously forecasted a minimum revenue of $64 million and an adjusted EBITDA loss between $75 and $70 million for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:59 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is halting most production at its Giga Berlin factory for two weeks due to disruptions in the Red Sea affecting shipping routes. The conflict in the Red Sea, which accounts for 12% of global maritime traffic, has led to attacks on shipping vessels, causing companies like Tesla to experience longer transportation times and supply chain issues. Major shipping companies are altering their routes to avoid the region, leading to increased costs and delays.

Portfolio Pulse from Chris Katje

January 11, 2024 | 9:57 pm

ALNT

Allient Inc. (formerly Allied Motion Technologies Inc.), under the ticker ALNT, has acquired SNC Manufacturing, a designer and manufacturer of electrical transformers. The acquisition expands Allient's capabilities in the power technology sector, particularly in defense, industrial automation, and renewable energy. Financial terms were not disclosed. SNC, with $40 million in trailing twelve-month revenue and 440 employees, will become a Technology Unit within Allient's Allied Power Technology Pillar. SNC's leadership, including President and COO Jim Koepke, will remain post-acquisition, reporting to Allient's Corporate VP Ashish Bendre.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:29 pm