Streetbeat News

Revenues

THCH

TH International Limited, known as Tims China and trading under the Nasdaq symbol THCH, has celebrated the opening of its 10th Popeyes restaurant in Shanghai. This event signifies a notable expansion milestone for the company's operations in China.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:08 am

C

HSBC

JPM

SCBFF

Saudi Arabia has issued $12 billion in debt, its largest foreign borrowing since 2017, contributing to the $25 billion of bonds issued by developing countries this year. The move aims to cover more than half of the nation's fiscal deficit for the year. Citigroup Inc. (C), JPMorgan Chase & Co. (JPM), HSBC Holdings Plc (HSBC), and Standard Chartered Plc (SCBFF) were the main banks handling the sale. Despite this borrowing, Saudi Arabia's total funding requirements are only partially met, but the country's debt stock remains low, allowing for further capital raising. Additionally, Saudi Arabia has cut oil prices significantly, impacting crude oil markets.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 8:58 am

META

NVDA

Goldman Sachs analyst Peter Oppenheimer predicts a new economic 'super cycle' driven by AI and decarbonization. The cycle differs from the one that began in the 1980s, as it won't rely on declining interest rates or globalization. AI's influence on productivity and decarbonization efforts are seen as new growth drivers. Last year, AI advancements led to significant gains for companies like Nvidia and Meta. Despite a rocky start to 2024, Wall Street is optimistic about AI's market impact. Decarbonization is also expected to stimulate economic growth as economies modernize in response to climate change. Goldman Sachs refuted AI bubble fears in 2023, projecting AI investment to reach $200 billion globally by 2025.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 8:28 am

ASX

ASE Technology Holding reported a decrease in net revenue for December 2023, with a total of $1.59 billion, which is an 8.5% drop year-over-year. The ATM net revenue also fell by 10.2% compared to the previous year, amounting to $835 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:05 am

ABBV

AbbVie has launched PRODUODOPA, a treatment for advanced Parkinson's disease, in the European Union. PRODUODOPA is unique as it is the only subcutaneous 24-hour infusion of levodopa-based therapy designed to manage severe motor fluctuations in patients whose symptoms are not adequately controlled by other treatments.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:02 am

AAPL

Apple Inc.'s iPhone production in India has surpassed $13.5 billion, exceeding the targets of India's production-linked incentive scheme. This achievement underscores India's growing role in global supply chains and Apple's increasing market share in the country, which has risen from 2% in FY18 to 6% in FY23. Apple's revenues in India have also increased significantly, from $1.8 billion to $6.7 billion during this period. The company is expanding its network of Indian suppliers, including a unit of the Tata Group.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 09, 2024 | 5:35 am

EWA

Australia's retail sales for December showed a significant increase of 2.0% month-over-month, surpassing the estimated 1.2% and rebounding from the prior month's revised figure of -0.4%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:21 am

EWA

Australia's Building Approvals for December showed a preliminary increase of 1.6% month-over-month, surpassing the estimated decline of -2.0%. This is an improvement from the revised prior figure of 7.2%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:21 am

EWU

The U.K. BRC Retail Sales Monitor reported a year-over-year increase of 1.9% for December, which is below the estimated 2.3% and the previous 2.6%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:19 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for November came in at 2.1%, aligning with estimates and showing a slight decrease from the previous 2.3%. This data is a key indicator of inflation in Tokyo and can influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:17 am