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GOOGL

Google (NASDAQ:GOOGL) is developing a message editing feature for its messaging platform, as reported by The Spandroid. This feature, which includes an editing interface and edit history, was found in the Google Messages beta version. Although not yet operational, it signifies Google's commitment to enhancing user experience, following its achievement of one billion monthly active RCS users in December 2023. Google is also adding an emergency SOS feature to Android 14, similar to the one available on iPhones.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 2:53 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that inflation is significantly decreasing and she sees no reason why it shouldn't return to the Federal Reserve's target. She also mentioned that the labor market remains robust, albeit showing signs of cooling.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:45 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE), in partnership with Toyota Tsusho and Chubu Electric Power Miraiz, is expanding its V2G capabilities in Japan by integrating stationary lithium-ion batteries produced by Nissin Electric Company. These batteries, totaling 30MWh in the Chubu area, will provide additional capacity and stabilizing services to the grid. The integration with Nuvve's GIVe platform allows for complex grid services and demand response, supporting Japan's 2050 carbon neutral goal and green transformation initiatives. Japan's grid expansion plan estimates a cost of $45 to $55 billion by 2050, with the battery market expected to grow significantly. Nuvve's CEO highlights the advanced AI-driven platform's ability to manage EVs and stationary storage batteries, enhancing grid services and Nuvve's growth.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:16 pm

SCLX

Scilex Holding has signed an insurance coverage agreement for ELYXYB with a national PBM for their Medicare population, which could expand the coverage of ELYXYB. ELYXYB is a treatment for acute migraine that has shown effectiveness in clinical studies, providing pain relief in as little as 15 minutes. Clinicians have indicated a need for alternatives to triptan therapy, and ELYXYB aligns with these needs.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:06 pm

EGHT

Ty Inc., the world's leading soft toy manufacturer, has deployed 8x8's XCaaS cloud contact center and unified communications platform to enhance customer engagement, employee communication, and collaboration. The implementation of 8x8's platform has resulted in a yearly savings of $75,000 for Ty, improved flexibility, and provided customers with a popular callback option. The transition, advised by IT consultant Morgan Birge, was completed in just four weeks, enabling Ty to quickly adapt to the new system for immediate customer service improvements.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:05 pm

SPY

The Redbook year-over-year data shows an increase to 3.4% compared to the prior value of 3.0%. This indicates a higher than expected growth in consumer spending, which could suggest a strengthening economy.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:55 pm

TOPS

Top Ships Inc. (NASDAQ:TOPS) has updated its net asset value (NAV) estimate to $344 million, up from the previous $285 million. This equates to a NAV per common share of $74.36 and $61.15 on a fully diluted basis. The company's contracted revenue backlog has also increased to $400 million. The Board is considering shareholder-friendly actions, such as a share buyback plan. The CEO highlighted the company's modern fleet, positive cash flow, and income generation, with the revenue backlog being 5 times the 2022 revenues and 1.9 times the net debt.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:38 pm

SPY

The Core Consumer Price Index (CPI) for November increased by 4% year-over-year, aligning with the market estimates.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:30 pm

BLBD

Blue Bird Corp's stock (BLBD) is trading higher following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company has raised its revenue guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:23 pm

LCFY

Locafy Limited (NASDAQ: LCFY), a SaaS company specializing in search engine marketing, announced its first subscription contract from a U.S.-based media publisher to improve online rankings for advertorials using Locafy's Keystone technology. This follows successful trials showing the technology's ability to rank advertorials on Page 1 of Google search results. The contract could lead to recurring revenue as Locafy works to expand its technology's use across the publisher's advertising agency clients. The market for Locafy's Article Accelerator is substantial and largely untapped, with potential growth as AI-generated content increases.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:13 pm