Streetbeat News

Stock Prices

RERE

ATRenew reported its Q1 2024 financial results, with an adjusted EPS of RMB0.13, missing the estimate of RMB0.52. However, the company beat sales estimates, reporting RMB3.651 billion compared to the expected RMB3.562 billion.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:18 am

BTCUSD

Venture capital investment in Bitcoin and cryptocurrency companies surged to $2.4 billion in Q1 2024, indicating a potential revival in investor interest. This follows a decline to $1.7 billion in Q4 2023. The increase in investment suggests renewed confidence in the crypto sector, despite its volatility and regulatory scrutiny.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 8:15 am

TSLA

Former UK Prime Minister Boris Johnson experienced Tesla's Full Self-Driving (FSD) technology in Los Angeles and was highly impressed. Johnson highlighted the advanced capabilities of Tesla's FSD, contrasting it with Waymo's limited driverless vehicles. Tesla plans to roll out a new feature next month to improve gesture recognition. The company is focusing on FSD to boost profitability amid slowing EV demand and competition.

Portfolio Pulse from Shanthi Rexaline

May 20, 2024 | 7:34 am

BTCUSD

Bitcoin Pizza Week celebrates the first commercial use of Bitcoin, highlighting its massive value increase from $41 in 2010 to $670 million today. The event underscores Bitcoin's growth and its potential to purchase ultra-luxury items.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 7:27 am

AAPL

Apple Inc.'s iPhone 16 Pro Max is expected to feature a battery with increased energy density and a stainless steel housing, according to analyst Ming-Chi Kuo. The shift to stainless steel is seen as a move to comply with EU regulations for easier DIY battery replacement. The iPhone 16 series is anticipated to launch in September with larger screens, a revamped design, and new color options.

Portfolio Pulse from Rounak Jain

May 20, 2024 | 7:16 am

CLVT

Clarivate Plc (NYSE:CLVT) has launched the AI-enhanced Trademark Watch Analyzer at the 2024 International Trademark Association Annual Meeting. This new solution aims to provide faster and more accurate trademark protection by leveraging AI and cloud technology.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 7:11 am

BTCUSD

COIN

A massive Bitcoin transfer worth $1.1 billion was executed with just $7.30 in fees, highlighting the cost and efficiency advantages of cryptocurrency transactions over traditional banking. The transfer, possibly by a nation-state, was moved from Binance to either a new buyer or cold storage.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 7:09 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is facing backlash from European leasing companies due to repeated retail price cuts and slow service, which have negatively impacted the residual values of Tesla’s fleet customers. Despite offering unofficial discounts and attempting to resolve service issues, skepticism remains about the effectiveness of these measures.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 7:03 am

ALAB

Astera Labs (NASDAQ:ALAB) has expanded its PCIe 6.x testing capabilities in Taiwan, enhancing interoperability for AI servers with its Aries 6 Smart DSP Retimers. This development aims to accelerate time-to-market for AI platform developers by ensuring high-bandwidth, low-latency PCIe 6.x connectivity.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:35 am

PRTC

PureTech Health has announced a $100 million tender offer to purchase up to 33,500,000 ordinary shares at a premium price of 250 pence per share, representing approximately 12% of the company's issued ordinary share capital. The tender price is a 25% premium to the trailing volume weighted average price over the three days prior to the initial announcement and a 12.6% premium to the closing price on the latest practicable date.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:33 am