Streetbeat News

Revenues

ADAUSD

AVAXUSD

BTCUSD

ETHUSD

SOLUSD

XRPUSD

Digital assets have seen a shift from outflows to inflows, with Bitcoin (BTC) experiencing $87.6 million in inflows, reversing from last week's outflows. Ethereum (ETH) also saw inflows of $7.9 million. Altcoins like Solana (SOL) and Cardano (ADA) had decreased inflows, while XRP saw no new inflows and Avalanche (AVAX) outflows widened. Year-to-date flows for digital assets have reached $1.971 billion, with total assets under management at $52.098 billion. Germany leads in weekly inflows, followed by Canada and the U.S. Bitcoin prices dropped slightly by 0.5%, while ETH increased by 0.7%. SOL surged by 55%, and ADA, XRP, and AVAX also saw price increases.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 3:46 pm

MA

Mastercard Incorporated (NYSE:MA) reported that U.S. retail sales excluding automotive rose by 3.1% year-over-year this holiday season. Online sales surged by 6.3%, while in-store sales increased by 2.2%. Apparel and restaurant sectors saw increases, while jewelry and electronics experienced declines. The data reflects a strong labor market and easing inflation, suggesting a resilient economy despite the Federal Reserve's interest rate hikes.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 2:32 pm

ANGH

Anghami reported an 8% year-over-year increase in adjusted revenue to $30M for the nine months ending September 30.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:26 pm

ANGH

Anghami reported a preliminary 17% year-over-year increase in subscribers for Q3 2023, reaching a total of 1.73 million subscribers.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:26 pm

DDC

DayDayCook (DDC) has agreed to acquire Yai's Thai, a leading Thai American ready-to-eat food brand. The acquisition, financed through cash and stock, aims to expand DDC's U.S. presence. Yai's Thai expects revenues of $8M-$10M in 2023 and is sold in over 4,500 stores. The deal is subject to customary closing conditions and should complete by year-end. Both companies share values like natural ingredients and Asian cooking culture promotion.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:18 pm

MULN

Mullen Automotive, Inc. has delivered 63 more Class 3 electric vehicles to Randy Marion Automotive Group, invoicing a total of $3,969,000. This brings the total delivered to 121 vehicles, valued at $7,623,000. Mullen is on track to deliver 150 vehicles by the end of 2023, as part of Randy Marion's 1,000 vehicle order worth $63 million. Production is based in Tunica, Mississippi, with a planned annual capacity of 3,000 vehicles per shift. The Mullen THREE, a Class 3 EV truck, is designed for urban last-mile delivery with a 125-mile range and a payload of over 5,300 pounds.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:01 pm

SPY

The S&P/CS HPI Composite - 20 n.s.a. year-over-year for October was reported at 4.9%, slightly below the estimated 5% but higher than the previous 3.9%.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:00 pm

BAC

C

GS

JPM

MS

UBS

WFC

In 2023, major banks including UBS Group AG and Wells Fargo & Co have cut over 60,000 jobs due to declining revenues and industry pressures. UBS's acquisition of Credit Suisse contributed to 13,000 job cuts, while Wells Fargo reduced 12,000 positions. Other banks like Citigroup, Morgan Stanley, Bank of America, Goldman Sachs, and JP Morgan Chase also cut a total of 30,000 staff. The trend reflects cost-cutting measures and a pessimistic outlook for banking jobs in 2024, with banks expected to maintain cautious hiring strategies.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 1:59 pm

SBUX

Major global coffee chains are targeting Singapore for expansion, viewing it as a strategic location for scaling operations. Brands like Luckin Coffee, Kenangan Coffee, Fore Coffee, Tim Hortons, and Louisa Coffee have opened new outlets in Singapore. Despite competition from established brands like Starbucks (NASDAQ:SBUX) and Dunkin' Donuts, these chains see Singapore as a key market for growth. Starbucks plans to enhance customer experience and double hourly income in the U.S. by FY25 to stay competitive.

Portfolio Pulse from Benzinga Neuro

December 26, 2023 | 1:44 pm

SGBX

Safe & Green Holdings Corp. (SGBX) has secured a $600,000 advance against a $1.5 million IRS Employee Retention Tax Credit refund. The advance is non-dilutive and will support growth opportunities, including ramping up factories for an expected significant purchase order. The company may also secure an additional $700,000 advance against the ERTC.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:33 pm