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VEON

VEON plans to delist from Euronext Amsterdam and focus solely on its Nasdaq listing. The company will also launch a $100M share buyback. The delisting is expected to occur in Q4 2024, following the filing of its annual report on Form 20-F.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:47 am

STLA

Stellantis has announced the third tranche of its €3 billion share buyback program, with a €1 billion agreement. This tranche will start on August 1, 2024, and end by November 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:30 am

BTCUSD

LTCUSD

Tucker Carlson humorously suggested that Bitcoin was created by the CIA during a private event at the Bitcoin 2024 conference. This theory has been a topic of speculation for years. The identity of Bitcoin's creator remains a hot topic in cryptocurrency circles.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 6:25 am

SHEL

Shell plc has announced a $3.5 billion share buyback program to be completed by October 31, 2024. The program aims to reduce the company's issued share capital and involves purchasing shares on both London and Netherlands exchanges.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:13 am

EWU

The U.K. Nationwide House Price Index (HPI) for July increased by 2.1% year-over-year, surpassing the estimated 1.8% and the prior 1.5%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:04 am

EWU

The U.K. Nationwide House Price Index (HPI) for July increased by 0.3% month-over-month, surpassing the estimated 0.1% and the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:04 am

MT

ArcelorMittal (NYSE:MT) reported Q2 2024 earnings of $0.63 per share, missing the analyst estimate of $0.71. Sales were $16.249 billion, also below the $16.521 billion estimate. Both earnings and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:38 am

BUD

Anheuser-Busch InBev (BUD) expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. The company also anticipates capital expenditure of $4B-$4.5B, net finance costs of $220M-$250M per quarter, and an effective tax rate of 27%-29%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:29 am

BUD

Anheuser-Busch InBev (NYSE:BUD) reported Q2 2024 earnings of $0.90 per share, beating the analyst estimate of $0.87. Sales were $15.333 billion, surpassing the $13.561 billion estimate. This represents a 25% increase in EPS and a 1.41% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:24 am

AAPL

AMZN

GOOG

META

MSFT

Meta Platforms, Inc. (NASDAQ:META) is aggressively pushing into the AI assistant market, aiming to surpass competitors like Apple Inc.'s Siri, Alphabet Inc.'s Google Assistant, Amazon.com Inc.'s Alexa, OpenAI's ChatGPT, and Microsoft Corp.'s Copilot by the end of the year. Meta's strategy includes integrating AI across its platforms and launching AI Studio for user-created AI agents. The company has reported promising engagement metrics and plans significant capital expenditures to support its AI ambitions. Meta's second-quarter performance exceeded analyst expectations, with shares jumping 7.17% in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

August 01, 2024 | 5:05 am