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TM

Toyota Motor Corp (NYSE:TM) has temporarily halted operations at three production lines across two domestic assembly plants due to an accident at its supplier, Chuo Spring. The incident, involving a building explosion, has also disrupted the production processes of Toyota Auto Body and Toyota Industries. The setback has impacted the manufacturing of minivans like the Alphard and some Land Cruiser models, including those intended for overseas markets.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 12:42 pm

KGJI

SIG

Diamond Standard Co, a developer of regulator-approved diamond commodities, has launched a commodity leasing program. Owners of Diamond Standard Coins and Bars can now lease them for 30-day terms to back the issuance of Carats commodity tokens. The company borrows Coins and Bars from private owners to issue Carats, and with the proceeds from the Carat sales, it produces new commodities to add to the reserve behind Carats and returns the private commodity to the lender with interest.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 12:31 pm

FTRE

Starboard Value has acquired an 8.7% stake in Fortrea Holdings Inc., as revealed by a 13F filing.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:37 am

NKTX

Nkarta has announced cost containment measures aimed at extending its projected cash runway by one year into 2026. As of September 30, 2023, the company had cash and investments of $278.4 million. Nkarta plans to streamline its workforce and reconfigure its R&D approach to advance multiple cell therapies programs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:07 am

BLK

BTCUSD

Bitcoin's price surged to $30,000 on certain exchanges due to false reports that the SEC had approved BlackRock’s iShares Bitcoin ETF. The fake news led a large-scale investor to buy 20.5 Wrapped Bitcoin with 613,201 USD Coin, only to sell it for 563,970 USDC after realizing the news was fake, resulting in a loss of $49,231 in 10 minutes. BlackRock clarified that the iShares Bitcoin ETP application is still under review by the SEC.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 10:48 am

EWJ

TM

Toyota has announced the suspension of two production lines at its Takaoka plant, one line at the Tsutsumi plant, and affected lines at Toyota Auto Body and Toyota Industries due to a fire at a supplier. Production at one line at the Gifu Auto Body plant has also been halted.

Portfolio Pulse from Charles Gross

October 17, 2023 | 9:21 am

EWG

Germany's ZEW Current Conditions for October came in at -79.9, slightly better than the estimated -80.9, but worse than the prior figure of -79.4.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:06 am

ETHUSD

USDCUSD

Ethereum co-founder Vitalik Buterin has transferred approximately $14.9 million worth of USD Coin (USDC) to cryptocurrency exchange Gemini. This follows a $500,000 transfer to Coinbase just three days prior. In September, the total transferred amount from Buterin’s wallets surpassed $3.9 million. The transactions have raised eyebrows among blockchain analysts.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 6:57 am

FFIE

Faraday Future has unveiled a masterplan aimed at achieving sustainability and further stability. The plan also seeks to reduce the company's dependence on external funding sources.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:49 am

FEAM

5E Advanced Materials has successfully completed step-rate testing, moving closer to launching its mining operations. The company's stock, FEAM, may be impacted by this development.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:41 am