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UAL

United Airlines Holdings Inc. (NASDAQ:UAL) is adjusting its pilot recruitment plans due to delays and challenges with Boeing Company's (NYSE:BA) Max 10 aircraft. United is delaying new pilot recruitment and halting training classes to navigate through Boeing's ongoing certification and manufacturing delays. The airline is also considering converting Max 10 orders to Max 8 or 9 variants and potentially acquiring Airbus SE (OTC:EADSY) A321neo aircraft in response to the setbacks.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 12:40 pm

BTCUSD

JPMorgan strategists suggest Bitcoin's recent rally above $60,000 and stock market highs may delay the Federal Reserve's plans for interest rate cuts. The market had anticipated three rate cuts in 2024, but the surge in speculative assets like Bitcoin could lead to a more cautious approach by the Fed. This speculation is based on concerns that premature rate cuts could further inflate asset prices or trigger inflation. The Fed, under Chair Jerome Powell, has indicated a need for more data before considering rate adjustments, despite recent optimism in the markets.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 8:21 am

NVDA

Tastytrade founder Tom Sosnoff highlighted Nvidia Corporation's (NASDAQ:NVDA) significant trading activity, describing it as a dominant force in the market, akin to Tesla's position a few years ago. Nvidia's stock, priced at $900, exhibited exceptional liquidity and was the most traded stock on Tastytrade's platform. The company's broad ownership among fund managers and a recent Buy rating with a raised price target to $1,000 by Mizuho analyst Vijay Rakesh, due to anticipated catalysts including the AI boom, underscore its market prominence.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 8:17 am

DOGEUSD

A Dogecoin (CRYPTO: DOGE) wallet, inactive for over 10 years, transferred 100 DOGE, sparking interest as the cryptocurrency recently saw a 30.2% surge followed by a 12% drop. A trader predicts potential growth for DOGE, eyeing $1 with key resistance at $0.20 and $0.35. The number of 'DOGE millionaires' has increased, with over 800 addresses holding at least $1 million in DOGE.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 8:10 am

EWG

Germany's Producer Price Index (PPI) for January showed a month-on-month increase of 0.2%, surpassing the estimated 0.1% and marking a significant improvement from the -1.2% recorded in the previous month.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:01 am

EWG

Germany's Industrial Production for January increased by 1.0%, surpassing the estimated 0.5% and showing a significant improvement from the previous -2.0% (revised).

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:01 am

RRR

Station Casinos LLC, a subsidiary of Red Rock Resorts, Inc. (NASDAQ:RRR), has priced its offering of $500M Senior Notes due 2032 at a 6.625% interest rate. The offering, initially set at $750M, is expected to close by March 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:00 am

DKL

Delek Logistics Partners, LP (DKL) has priced its public offering of 3,116,884 common units at $38.50 per unit. The offering includes an option for underwriters to purchase up to 467,532 additional units. Proceeds will be used to repay outstanding borrowings under its revolving credit agreement.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:41 am

COIN

PLTR

Cathie Wood's Ark Invest sold $13.15M worth of Coinbase (COIN) shares and bought Palantir (PLTR) shares, among other trades. The sale of Coinbase shares occurred as Bitcoin neared all-time highs, while the purchase of Palantir shares followed a strong buy recommendation from Jim Cramer. Other notable trades included investments in JSC KASPI.KZ ADR (KSPI), Toast Inc (TOST), SoFi Technologies Inc (SOFI), 908 Devices Inc (MASS), Personalis Inc (PSNL), Roku Inc (ROKU), Iridium Communications Inc (IRDM), and Teradyne Inc (TER).

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 6:40 am

TSLA

Tesla, led by Elon Musk, has gained over $230 million in unrealized profit from its Bitcoin investment since the introduction of Bitcoin spot ETFs on Jan. 11. The company's Bitcoin assets are now valued at $760 million, reflecting a significant gain attributed to the surge in Bitcoin's price, which reached $69,000 recently. This increase is partly due to the buying trend sparked by the new U.S.-based spot Bitcoin ETFs. Despite selling off parts of its Bitcoin stake in the past, Tesla's current holdings remain highly profitable.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 5:37 am