Streetbeat News

Assets

CDNS

Cadence Design Sys's (NYSE:CDNS) short percent of float has fallen 3.36% since its last report, with 2.35 million shares sold short, which is 1.15% of all regular shares available for trading. It would take traders 1.93 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.31%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:15 pm

BTCUSD

ETHUSD

LUNAUSD

USTUSD

TerraUSD Classic (USTC) will cease minting following a community vote. The decision, which received 59% approval, also ends all conversion of xUST to mint USTC. Over the past year, USTC's value has decreased by 64.1%, with its current price 98.9% lower than its all-time high. The move is aimed at restoring its U.S. dollar peg through the burning of tokens, which will reduce market supply. Terra Classic, the original network created by Terraform Labs, backs UST with assets like LUNA and Bitcoin.

Portfolio Pulse from Khyathi Dalal

September 25, 2023 | 3:10 pm

CTRYF

EGRNF

LNGPF

PIAIF

The Chinese real estate sector is facing continued troubles, sparking fears of a potential global market rout. China Evergrande Group Limited (OTC:EGRNF) cancelled a creditor meeting due to disappointing sales, causing its shares to drop by 25%. Other property developers such as Country Garden Group Limited (OTC:CTRYF) and Longfor Group Holdings Limited (OTC:LNGPF) are also feeling the squeeze, with Country Garden's shares down 7%. The situation is drawing comparisons to the 2008 banking crisis, with concerns that it could impact global growth.

Portfolio Pulse from Daniel Harrison

September 25, 2023 | 3:03 pm

CAT

A significant bullish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $250.0 to $260.0 for Caterpillar over the last 3 months. The current price of CAT is $271.35, down by 0.63%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:02 pm

OPUSD

The price of Optimism (CRYPTO: OP) has decreased by 3.54% over the past 24 hours to $1.25, continuing its downward trend over the past week of -11.0%. The trading volume for the coin has decreased 22.0% over the past week, while the overall circulating supply of the coin has increased 0.12% to over 798.52 million. The current market cap ranking for OP is #43 at $996.40 million.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:00 pm

AAPL

AMZN

BIIB

DLAKY

GOOG

NVS

PFE

RNAZ

TSN

WMT

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

SPY

The Dallas Fed Manufacturing Business Index for September has been reported at -18.1, a slight decrease compared to the prior month's -17.2.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:30 pm

BTCUSD

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading lower, with the stock down more than 20% over the last month. The decline is attributed to the retreat of Bitcoin, which has led to a fall in crypto-related stocks. MARA has become a trending ticker on Yahoo! Finance and 29.44% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 2:30 pm

GFS

GlobalFoundries (NASDAQ:GFS) has applied for U.S. CHIPS and Science Act Funding, aiming to expand and modernize its U.S. manufacturing facilities. The company is a leading manufacturer of essential semiconductors for the U.S. government and various markets including automotive, aerospace and defense, IoT, and others.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:04 pm

Alcoa Corp (NYSE:AA) has announced the appointment of William F. Oplinger as its new President and CEO, effective from September 24, 2023. Oplinger, who has served as the company's Executive Vice President and Chief Operations Officer since February 2023, will succeed Roy C. Harvey. Harvey will serve as Strategic Advisor to the CEO until the end of 2023. Following the announcement, AA shares fell by 5.43%.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 1:57 pm