Streetbeat News

Revenues

SPY

The USA's Unit Labor Costs for Q2 increased by 0.4%, which is below the estimated 0.9% and significantly lower than the previous quarter's 4.0%. This indicates a slower growth in labor costs, which could impact inflation expectations and monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:30 pm

SPY

The Nonfarm Productivity for Q2 increased by 2.5%, surpassing the expected 2.3% and significantly improving from the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:30 pm

MDAI

Spectral AI has received an $850K award from the Medical Technology Enterprise Consortium to further develop its AI-driven DeepView SnapShot M for assessing battlefield burn wounds. This brings its total non-dilutive government funding to over $7 million.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:24 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported its August 2024 operations update, highlighting the mining of 166 Bitcoins and a decrease in client-hosted mining machines. The company is progressing with its SEALMINER A1 production and various datacenter expansions. Bitdeer also completed a $172.5 million convertible notes offering for expansion and development purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm

SHLS

Shoals Technologies Group is hosting its first Investor Day, introducing long-term financial targets and strategies for profitable growth. The event will cover revenue diversification, innovative products, and capital allocation priorities.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:21 pm

SPY

The ADP Nonfarm Employment Change for August reported a lower-than-expected increase of 99,000 jobs, compared to the estimated 144,000 and the previous month's 111,000. This indicates a slowdown in job growth.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:15 pm

TAOP

Taoping (NASDAQ:TAOP) reported a significant improvement in its financial performance for the first half of the year, with earnings per share (EPS) rising to $0.13 from a loss of $(1.10) the previous year, and sales increasing by 28.42% to $18.08 million.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:15 pm

DXR

Daxor Corporation has received a $300K SBIR matching fund award from Launch Tennessee to support innovation, commercialization, and job creation efforts. This funding will aid in advancing Daxor's next-generation blood volume analyzer.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:10 pm

VLVCY

Volvo Cars doubled its global EV sales in September 2023 compared to August, driven by strong performance in Europe and China. However, U.S. sales declined significantly. Volvo has adjusted its strategy, no longer aiming to be fully electric by 2030, but instead focusing on a mix of electric, plug-in hybrid, and mild hybrid vehicles.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 12:05 pm

VSAT

Viasat, Inc. has secured a five-year contract worth $153 million from the Defense Information Services Agency to provide network services for the U.S. Army's Blue Force Tracker program.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:05 pm