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SPY

USO

Iran and the United States are nearing a temporary deal that would swap some sanctions relief for reducing Iranian uranium enrichment activities. Under the terms of the deal, Iran would cease its 60% uranium enrichment activities and cooperate with the IAEA, while being allowed to export up to a million barrels of oil per day and gain access to its frozen funds abroad.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:52 pm

JD

A whale has taken a bearish stance on JD.com (NASDAQ:JD), with 80% of detected unusual options trades being bearish. The total trade price for 5 puts is $606,652, while 5 calls amount to $199,301. Whales have been targeting a price range of $25 to $40 for JD.com over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 3:17 pm

CG

Kim Kardashian and former Carlyle Group executive Jay Sammons have launched a private equity fund called Skky Partners, focusing on consumer brands. The fund aims to invest in 10-12 ventures in consumer and media industries, with equity ranging from $100 million to $500 million per investment.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 3:11 pm

AIG

AIG plans to reduce home insurance policies in around 200 flood- and fire-prone areas due to climate risks. Affluent customers in New York, Colorado, and other states will be affected.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:05 pm

GFS

INTC

STM

TSM

WOLF

The European Union has approved €8 billion in public funds for semiconductor research projects, backed by €13.7 billion in private funding. Companies like Intel, Infineon Technologies, STMicroelectronics, GlobalFoundries, and Wolfspeed have invested in the projects, while Taiwan Semiconductor Manufacturing Company is considering building a production site in Germany.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 2:54 pm

RRGB

Archon Capital Management LLC has increased its stake in Red Robin Gourmet Burgers (RRGB) to 9.6% as of May 30, 2023, according to a 13G SEC filing.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 2:50 pm

MBLY

A large bearish position on Mobileye Global (NASDAQ:MBLY) has been spotted, with 14 uncommon options trades identified. The overall sentiment is 35% bullish and 64% bearish, with a price target range of $30 to $50 for Mobileye Global over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:31 pm

UNG

USA Natural Gas Storage reported 104B, in line with the 104B estimate and lower than the previous 110B.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 2:30 pm

SPY

Citadel Securities, a leading market maker, is seeking partnerships with AI startups to gain a competitive edge in trading. The firm aims to leverage AI technology to improve its trading algorithms and strategies.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 2:26 pm

UVXY

VIXM

VIXY

The CBOE Volatility Index (VIX) has dropped to pre-Covid levels, driving the S&P 500 and Nasdaq 100 indices to new highs. Analysts warn of a potential resurgence in volatility in the coming months. Investors can access the VIX through ETFs such as VIXY, VIXM, and UVXY.

Portfolio Pulse from Piero Cingari

June 08, 2023 | 2:25 pm