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AZLAF

NKLA

A Nikola Corp (NASDAQ:NKLA) semi truck reportedly caught fire on Monday, marking the third such incident this year. The fire occurred at the Arizona Lithium (OTC:AZLAF) facility in Tempe. Last month, Nikola recalled all its battery-powered electric trucks after a series of fires opened up an investigation. Nikola shares are down over 47% so far this year.

Portfolio Pulse from Anan Ashraf

September 05, 2023 | 9:24 am

VGK

The Eurozone Producer Price Index (PPI) for July has come in at -0.5% month-on-month, better than the estimated -0.6%. However, the year-on-year figure is -7.6%, which is in line with expectations.

Portfolio Pulse from Charles Gross

September 05, 2023 | 9:03 am

FXI

SOXX

China is planning to launch a new $40 billion state fund to boost its chip industry, according to a Reuters report. This move could potentially impact the performance of US-listed ETFs such as FXI and SOXX.

Portfolio Pulse from Charles Gross

September 05, 2023 | 8:41 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

A survey by ConsenSys and YouGov found that 43% of Americans consider investing in cryptocurrency, with 18% having already invested. Bitcoin, Ethereum, and Dogecoin are the top three crypto assets held by American investors. Shiba Inu is the sixth most popular. The majority of respondents believe cryptocurrencies should be heavily regulated.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 7:35 am

BTCUSD

ETHUSD

MATICUSD

SOLUSD

Despite a significant outflow in the past seven weeks, with large institutional investors selling a total of $342 million in cryptocurrencies for the seventh consecutive week, Solana (CRYPTO: SOL) has managed to capture the attention and favor of large entities. CoinShares reported that institutional investors have been actively pouring money into Solana, with approximately $700,000 invested in the past week and year-to-date inflows reaching $26 million. Other altcoins like Polygon (CRYPTO: MATIC) and Ethereum (CRYPTO: ETH) saw outflows, while Bitcoin (CRYPTO: BTC) recorded slight inflows.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 7:34 am

AMZN

ETHUSD

Ethereum co-founder, Vitalik Buterin, has addressed concerns about the centralization of Ethereum's nodes, suggesting it could take up to two decades to find a solution. The majority of Ethereum's active nodes are run by centralized service providers like Amazon Web Services (AWS), creating a potential point of failure. Buterin advocates for making node operations more affordable and simpler, and emphasizes the importance of statelessness, which eliminates dependence on centralized service providers for network activity verification.

Portfolio Pulse from Benzinga Neuro

September 05, 2023 | 7:24 am

VRSK

Verisk Analytics, Inc. (VRSK) has forecasted that Hurricane Idalia will result in industry insured losses ranging from $2.5 billion to $4 billion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:33 am

BTCUSD

ETHUSD

A recent global survey has revealed that Nigeria has the highest level of awareness about cryptocurrencies such as Bitcoin and Ethereum, surpassing major economies including the UK, US, Japan, and Germany. Despite the Central Bank of Nigeria severing ties with cryptocurrency exchanges in February 2021, 50% of the survey participants believe that regulators should create legislation promoting involvement while ensuring investor protection.

Portfolio Pulse from Benzinga Neuro

September 05, 2023 | 6:23 am

AAPL

CHTR

DIS

Disney (NYSE:DIS) is rumored to be considering offloading its ESPN cable sports channel. KeyBanc Capital Markets analyst Brandon Nispel estimates ESPN's valuation at $30 billion, with a fair value range of $28 billion to $36 billion. ESPN's revenue is estimated at $16 billion, with most growth expected from the direct-to-consumer business. Nispel also suggests that Apple (NASDAQ:AAPL) is unlikely to buy ESPN, and that ESPN's outlook could worsen if its distribution agreement with Charter Communications (NASDAQ:CHTR) isn't renewed.

Portfolio Pulse from Shanthi Rexaline

September 05, 2023 | 6:09 am

MGA

LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, is expanding its operations with a new facility in Miskolc, Hungary. The expansion is supported by the Hungarian government and local authorities.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:35 am