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Brent crude oil prices are at their highest levels this year due to anticipated further reductions in oil output from major exporting countries. Saudi Arabia has hinted at more significant production cutbacks. Higher oil prices may lead to higher interest rates, especially in the U.S., to curtail inflation. Investors have responded by offloading government bonds, including 10-year Treasury bills, amid concerns that central banks will need to remain hawkish on interest rates. Energy-related companies have outperformed other sectors recently.

Portfolio Pulse from Piero Cingari

September 06, 2023 | 2:27 pm

INTC

A significant bearish stance on Intel (NASDAQ:INTC) has been observed, with 90% of big-money traders showing bearish sentiment. The options scanner spotted 10 options trades for Intel, including 1 put for $175,247 and 9 calls for a total of $580,393. The targeted price range for Intel over the last 3 months is from $34.0 to $50.0. The current price of INTC is down -1.23% at $36.26.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:16 pm

SPY

The ISM Non-Manufacturing Prices for August have increased to 58.9 from 56.8 in the previous month.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 2:00 pm

Boeing (NYSE:BA) has outperformed the market over the past 20 years, producing an average annual return of 9.61%. If an investor had bought $1000 of BA stock 20 years ago, it would be worth $6,242.57 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:00 pm

CHTR

Charter Communications (NASDAQ:CHTR) has outperformed the market over the past 10 years, producing an average annual return of 11.4%. If an investor had bought $100 of CHTR stock 10 years ago, it would be worth $296.07 today. The company currently has a market capitalization of $62.09 billion.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:00 pm

JBLU

JetBlue Airways Corporation (NASDAQ: JBLU) is experiencing a system outage that is affecting its booking system. The extent and duration of the outage is currently unknown.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:52 pm

MEDS

TRxADE Health, Inc. (NASDAQ:MEDS) has merged with Superlatus, Inc. and announced a binding agreement to acquire The Urgent Company, Inc. and its portfolio of consumer brands. This acquisition is expected to enhance Superlatus' position in the sustainable and fair food products market and increase its market share. The acquired brands' products are available in over 6,000 stores nationwide. The sustainable and fair food products market is predicted to grow fivefold by 2030.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:50 pm

AAPL

ACI

AMZN

GOOG

MRNA

ROKU

SFTBF

SPOT

UAL

WMG

The Chinese government has banned its officials from using Apple's iPhones and other foreign-branded devices at work. The FTC could prosecute Amazon over antitrust claims. Toyota launched a new version of its chauffeur-driven Century model. SoftBank backed Arm Holdings has launched its roadshow for its IPO. Warner Music has acquired a majority stake in 10K Projects. Roku disclosed measures to cut down its operating expense growth rate. United Airlines flights are back in the air after a temporary grounding. Moderna's updated COVID-19 vaccine is pending FDA approval. Spotify is exploring a move to put lyrics behind its paywall. Google tentatively settled a class action suit for allegedly violating antitrust norms. General Motors said that the UAW union's demands will pressure its manufacturing momentum. C&S Wholesale Grocers, backed by SoftBank, is reportedly approaching a deal to buy stores from Kroger and Albertsons. Apple inked a fresh deal with Arm Ltd for chip technology.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 1:43 pm

BTCUSD

ETHUSD

SNXUSD

Bitcoin and Ethereum traded mostly flat, while Synthetix emerged as the top gainer over the past 24 hours. The global crypto market cap rose to $1.04 trillion, recording a 24-hour gain of 0.1%. Mantle was the biggest loser.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 1:33 pm

LINK

Interlink Electronics, Inc. (NASDAQ:LINK) has received a $175,000 SBIR award from NOAA for the development of low-cost, low-power sensor nodes for monitoring air quality impacted by wildfire smoke. The company's Gas and Environmental Solutions division will be leading the project. The sensors will provide real-time air quality data and are expected to increase awareness and understanding of the impact of low air quality.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:23 pm