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BTCUSD

CAKEUSD

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RUNEUSD

Bitcoin and Ethereum traded higher, with Bitcoin surpassing the $35,000 mark and Ethereum rising past $1,800. PancakeSwap was the top gainer over the past 24 hours, while THORChain was the biggest loser. U.S. initial jobless claims increased by 5,000 to 217,000 in the week ending Oct. 28, compared to market estimates of 210,000. The global crypto market cap rose to $1.3 trillion, recording a 24-hour gain of 2.3%.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 1:59 pm

KELYA

Kelly (NASDAQ:KELYA, KELYB) has announced a definitive agreement to sell its European staffing business to Gi Group Holdings S.P.A. for up to €130 million. The transaction is expected to close in Q1 2024. This move allows Kelly to focus on higher margin, higher growth global managed service provider (MSP) solutions, global recruitment process outsourcing (RPO) solutions, and specialty outcome-based and staffing services in North America. The sale unlocks significant capital for Kelly to invest in organic and inorganic growth.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:32 pm

BTCUSD

UTEN

The ongoing Israel-Hamas conflict has intensified, with concerns raised over potential war crimes due to civilian casualties and destruction. The US has been accused by Iran of being the 'main cause' of crimes in Palestine. Bahrain has suspended all economic relations with Israel. Market reactions reflect the Federal Reserve's decisions and Chairman Jerome Powell's remarks. The US dollar index has declined, Treasury yields are down, and the US 10-Year Treasury Note ETF recorded a rally. Bitcoin is nearing the $36,000 mark, and futures contracts for major US stock indices show positive momentum.

Portfolio Pulse from Piero Cingari

November 02, 2023 | 1:28 pm

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) is reassessing its upcoming fab projects in Kaohsiung, Taichung, and Longtan. The company also plans to delay the establishment of its advanced packaging fab at the Tongluo campus of Taiwan's Hsinchu Science Park.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:07 pm

ARRY

Array Technologies (NASDAQ:ARRY) has announced plans for a $50 million expansion in New Mexico, which includes a new manufacturing campus in Bernalillo County. The expansion is expected to secure hundreds of jobs and create nearly 100 new ones over the next few years. The state has awarded Array $2.5 million in economic assistance from the Local Economic Development Act to assist with land, buildings, and infrastructure costs. The expansion is expected to have an economic impact of more than $300 million over 10 years.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:07 pm

EVBG

Everbridge, Inc. (NASDAQ:EVBG) has been granted a new patent, U.S. Patent No. 11,775,323 B2, related to the use of Artificial Intelligence (AI) in analytics dashboards for Critical Event Management (CEM) software systems. The patent covers use cases including pattern recognition and predictive modelling to improve response performance during critical events. The company's IP portfolio now spans over 160 patents.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:04 pm

SFBS

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced the retirement of its founding CFO, William 'Bud' Foshee, effective after the filing of the Form 10-K in February 2024. Kirk Pressley, former CFO of BBVA Compass Bancshares, has been appointed as Foshee's successor. The bank expects a seamless transition due to Pressley's extensive experience in larger organizations.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:59 pm

PXMD

PaxMedica, Inc. (NASDAQ:PXMD) has engaged Bourne Partners to explore potential monetization of a Priority Review Voucher (PRV) prior to filing the NDA for PAX-101 for the treatment of African Sleeping Sickness. PaxMedica anticipates qualifying for the PRV program as their treatment targets a rare, fatal tropical disease. However, PaxMedica has not been granted a PRV, and there is no guarantee that one will be awarded. PaxMedica also reports that the amount outstanding under PaxMedica's convertible note with Lind Global Partners II, LP has decreased from $3.68 million to $2.27 million.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:57 pm

AJX

AMTD

BENF

BOKF

SIEB

The article lists five financial stocks that are currently oversold and could present investment opportunities. These include AMTD IDEA Group (NYSE:AMTD), Great Ajax Corp. (NYSE:AJX), Beneficient (NASDAQ:BENF), BOK Financial Corporation (NASDAQ:BOKF), and Siebert Financial Corp. (NASDAQ:SIEB). The companies have recently announced various financial updates, including share repurchase programs, earnings reports, and loan financing.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 12:50 pm

DIA

QQQ

SPY

UUP

US stock markets closed higher on November 1st after the Federal Reserve left interest rates unchanged, suggesting that rate hikes might be over. The Dow Jones, S&P 500, and Nasdaq Composite all saw gains. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, while China's Shanghai Composite and Shenzhen CSI 300 declined. European stocks rose, with the STOXX 600, DAX, CAC, and FTSE 100 all trading higher. Commodities saw gains in crude oil, gold, silver, and copper, while natural gas declined. US futures were up, while the US Dollar Index declined.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 12:23 pm