Streetbeat News

Revenues

NVDA

Nvidia CEO Jensen Huang praised OpenAI as a highly influential company, highlighting its rapid growth and impact on AI. OpenAI, led by Sam Altman, is expected to generate $5 billion in revenue this year, with potential to double next year. Nvidia is among the investors in OpenAI's recent funding round.

Portfolio Pulse from Ananya Gairola

October 14, 2024 | 9:45 am

TSLA

Tesla's supercharger network growth slowed in Q3, adding 2,800 chargers compared to over 3,000 in the same period last year. Despite this, Tesla continues to expand in Texas, particularly near SpaceX's Starbase, with new stalls in Robstown and Mathis. The slowdown follows layoffs affecting the supercharging team.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 8:55 am

VWAGY

Volkswagen's EV sales dropped 10% in Q3, with significant declines in the US and EU, but a 5% increase in China. The company plans to boost sales with new models in the coming months.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 7:24 am

SUUN

SolarBank has announced the launch of its 7 MW Stauffer Community Solar Project in Pennsylvania, which is expected to power 820 homes. This marks SolarBank's first community solar project in the state, with a total of 24.8 MW of projects anticipated in the near term.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:24 am

CME

CME Group reported a significant increase in average daily volume (ADV) for Q3 2024, reaching 8.4 million contracts. This growth was driven by a 30% increase in the EMEA region and a 28% increase in the APAC region.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:16 am

PSNY

Polestar Automotive (NASDAQ:PSNY) is reviewing its strategy and operations after a 15% drop in Q3 deliveries. The company plans to update its business strategy in January 2025 and aims for cash flow break-even by the end of 2025. Polestar is engaging with lenders and has $669 million in cash.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 6:20 am

FXI

China's Producer Price Index (PPI) for September fell by 2.8% year-over-year, which is a larger decline than the estimated 2.5% and the previous month's 1.8% decrease. This indicates continued deflationary pressures in China's industrial sector.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:32 am

FXI

China's Consumer Price Index (CPI) for September increased by 0.4% year-over-year, falling short of the estimated 0.6% and the previous month's 0.6%. This indicates a slower pace of inflation in China.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:32 am

HOME

MIK

The U.S. retail industry is facing a predicted 5% drop in Halloween spending, impacting debt-laden retailers like Michaels and At Home Group. This decline is due to higher unemployment and inflation, affecting lower-income households. Retailers are struggling with reduced consumer spending and the repercussions of pandemic-era buyouts.

Portfolio Pulse from Bibhu Pattnaik

October 13, 2024 | 7:15 pm

TSLA

Elon Musk is projected to become the world's first trillionaire by 2027, driven by the performance of Tesla's stock. His wealth highlights the impact of stock market investments on individual wealth and raises questions about wealth inequality and tax policy.

Portfolio Pulse from Bibhu Pattnaik

October 13, 2024 | 4:00 pm