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INDA

India's Gross Domestic Product (GDP) for Q1 has increased by 7.8%, surpassing the estimated 7.7% and the prior 6.1%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:19 pm

MSFT

Microsoft has announced a new AI model, Turing Bletchley v3, that enhances Bing's image and language processing capabilities. The model is already in use, allowing users to search for images using context and descriptions in over 90 languages. The integration of this AI model has improved user engagement by 6%. Microsoft also plans to integrate the AI model into other products, including the Xbox gaming platform for player safety enforcement.

Portfolio Pulse from Rounak Jain

August 31, 2023 | 11:44 am

SUP

Superior Industries International, Inc. (NYSE:SUP) announced that its subsidiary, Superior Industries Production Germany GmbH, has entered into Protective Shield Proceedings, a court-administered reorganization. The company has developed a revised operating plan to reduce costs, enhance revenues, and better address customer needs. Superior expects to recognize a non-cash charge of $82M in Q3 FY23 related to this strategic action but reaffirms its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:40 am

CSIQ

Canadian Solar Inc.'s subsidiary, Recurrent Energy, has secured $112 million in project financing for its 160 MW North Fork Solar project, located 100 miles southwest of Oklahoma City. The project is expected to be operational in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:18 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed in green on August 30, despite economic data indicating a slowdown in the US economy. The S&P 500, Dow Jones, and Nasdaq all saw gains, with the largest increases in information technology and energy stocks. Asian markets were mixed, with gains in Japan and Australia, but losses in China and Hong Kong. European markets also saw mixed results, with gains in the STOXX 600 and DAX index, but a slight fall in France's CAC 40. Commodities saw crude oil rise, while natural gas, gold, silver, and copper fell. US futures were mixed, and the US Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 11:14 am

ADAG

Adagene has a cash balance of $128.8 million, which is expected to support its operations until late 2025.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:13 am

DLTH

Duluth Holdings Inc announced that CFO Dave Loretta will step down on September 15, 2023, to pursue another employment opportunity. The company has initiated a search for a permanent replacement. In the interim, Michael Murphy, the current Chief Accounting Officer, will serve as CFO.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:53 am

LANRF

Lancaster Resources Inc (OTC:LANRF) has agreed to acquire 100% of the Trans Taiga Lithium Project in Quebec's James Bay region. The acquisition diversifies Lancaster's exploration projects and expands its focus from lithium brine exploration in New Mexico to hard rock lithium exploration in Quebec. Lancaster plans to identify lithium-rich areas through geophysical programs, detailed geological mapping, and geochemical analysis. The initial payment commitment for the acquisition is $115,000.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 10:45 am

BTCUSD

CNBC's Bob Pisani predicts that the SEC will likely approve all pending Bitcoin ETF applications by this fall. This follows a federal court order directing the SEC to reconsider its rejection of Grayscale Investments' application to transform its GBTC closed-end fund into an ETF. Pisani suggests that the SEC could either appeal the court ruling or approve all nine applications for spot Bitcoin ETFs.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 10:32 am

GSAT

Globalstar has entered into Launch Services Agreements with SpaceX for the launch of the first set of satellites it is acquiring. The launch window is set for 2025 and will require Globalstar to make periodic payments totaling $64 million between now and the completion of the launch.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:08 am