Streetbeat News

Stock Prices

SOND

Sonder Holdings shares are trading higher after the company announced that it exited 60 underperforming properties and aims for a $40 million cash flow improvement.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:44 pm

GM

General Motors' CFO has indicated that growth in the electric vehicle (EV) segment is slightly diminished.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:43 pm

AAPL

AMZN

IWF

IWP

SPOT

Spotify Technology SA (NYSE:SPOT) plans to introduce a higher-priced premium plan called 'Supremium' later this year, which will cost users at least $5 more monthly for better audio and new playlist tools. This move is expected to generate additional revenue for the company. Spotify's stock is trading higher on Tuesday, reflecting positive investor sentiment. The new tier will offer high-fidelity audio and custom playlists, competing with similar offerings from Amazon Music and Apple Music. Spotify's recent price hikes and improved margins are also highlighted.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 3:39 pm

CMCSA

NFLX

SPOT

WBD

Spotify Technology (NYSE:SPOT) is planning to introduce a new premium plan that will cost subscribers at least $5 more per month. This plan, expected later this year, will offer improved audio and new playlist management features. The move follows similar price hikes by other streaming services like Netflix, Warner Bros Discovery's Max, and Comcast's Peacock.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 3:35 pm

KITT

Nauticus Robotics has filed with the SEC to offer and sell shares of common stock worth up to $8.4 million through or to Wainwright.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

ETHUSD

PENDLEUSD

Arthur Hayes, co-founder of BitMEX, has locked 1.65 million Pendle (PENDLE) tokens worth $8.4 million until September 5, indicating strong belief in the token's future. A whale also made significant profits by trading PENDLE on Binance.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 3:33 pm

BTCUSD

JPM

Three Democratic senators have urged the Federal Reserve to cut the federal funds rate from its current high of 5.5% to prevent further economic slowdown and address inflation more effectively. This call comes as financial markets adjust their expectations for an interest rate cut, impacting Bitcoin's rally. The senators argue that high interest rates are increasing costs in housing, construction, and auto insurance, potentially pushing the economy into a recession. JPMorgan analysts also note rising rent costs due to higher interest rates.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 3:33 pm

AAPL

GRMN

Citron Research has posted a negative outlook on Garmin (GRMN), citing the impact of Apple's (AAPL) new Apple Watch OS11, which includes advanced fitness features. This development is expected to make Garmin's fitness products less relevant.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

NEE

NextEra Energy shares are trading lower after the company reaffirmed its 2024-2026 EPS guidance and issued 2027 targets ahead of its Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

PDD

Significant options activity has been observed for PDD Holdings (NASDAQ:PDD), with a mix of bullish and bearish trades. The majority of the trades are calls, indicating a bullish sentiment. Analysts have issued positive ratings with high target prices for PDD Holdings.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:32 pm