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BABA

FXI

KWEB

Alibaba Group Holding Limited (BABA) stock is trading higher on Friday, inversely with broader index ETFs like IShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB). China is considering measures to address local government debt crisis risks, which could impact the state-dominated financial system. The U.S. economy is well positioned to weather headwinds arising from China's economic weakness, according to U.S. Deputy Treasury Secretary Wally Adeyemo.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 11:30 am

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) has secured a project debt financing deal for its Connecticut Municipal Electric Energy Cooperative (CMEEC) fuel cell microgrid-ready project at the Naval Submarine Base New London. The financing includes $12 million from Liberty Bank and Amalgamated Bank with a seven-year term, and $8 million from the Connecticut Green Bank with a 20-year term. The funds will be used to retire a $3 million corporate credit facility with Connecticut Green Bank, fund project reserves, and pay transaction fees.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:21 pm

EWG

EWU

IYH

LQD

RSP

SMH

SPY

TLT

XLI

The article discusses the current financial conditions, focusing on the rise in 10-year Treasuries and real 10s. It also highlights the impact of the yuan and yen exchange rate weakness on the continuation of the real rate bear yield curve steepening. The article further discusses the potential risks and opportunities in the banking and energy sectors, and the impact of deglobalization on productivity. It concludes with a tactical asset allocation recommendation.

Portfolio Pulse from Barry Knapp

August 24, 2023 | 7:28 pm

NNI

SLM

SOFI

A study by the Federal Reserve highlights the financial risks of pursuing higher education, with non-completion of degrees leading to severe financial consequences. The study also points out that college graduates with debt fare better than those without degrees, but college dropouts with debt face the harshest financial outcomes. Companies like Nelnet, Inc. (NYSE:NNI), SLM Corp (NASDAQ:SLM), and SoFi Technologies Inc (NASDAQ:SOFI) might see volatility due to changing student loan policies.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 5:32 pm

AMC

NVDA

OIG

SPLK

Several stocks experienced significant movement in Thursday's mid-day session. Notable gainers included Electriq Power Holdings, Bruush Oral Care, VinFast Auto, Nemaura Medical, TDCX, Guess?, ESGL Holdings, Backblaze, OSI Systems, The Glimpse Group, Build-A-Bear Workshop, Splunk, Pieris Pharmaceuticals, China SXT Pharmaceuticals, SharkNinja, Aviat Networks, Groupon, Esports Entertainment Group, Foot Locker, FOXO Technologies, Weibo Corporation, and NVIDIA Corporation. On the other hand, stocks that fell included Orbital Infrastructure Group, Societal CDMO, AMC Entertainment Holdings, Cheetah Net Supply Chain Service, AgileThought, Momentus, Lendway, Moxian, Mullen Automotive, Petco Health and Wellness Company, GRI Bio, BTC Digital, T2 Biosystems, LQR House, Spirit AeroSystems Holdings, Invitae Corporation, Unifi, Opera Limited, Kiora Pharmaceuticals, Graphex Group Limited, C3.ai, Fulcrum Therapeutics, Zuora, Dollar Tree, and Burlington Stores.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 5:22 pm

SPY

Philadelphia Federal Reserve Bank President Patrick Harker stated that the Fed has probably done enough in terms of rate hikes. He noted strong GDP growth, declining inflation, and low unemployment, but also mentioned a tightening of credit standards and a slight increase in credit card delinquencies. Harker is not overly concerned about the 10-year yield and sees a softening of demand trends, particularly from low-income consumers. He expects a broader slowdown in the economy and believes it's okay if unemployment rises to around 4% or slightly higher.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 4:16 pm

SPY

Federal Reserve's Collins has stated that it is too early to provide a clear signal about the timing of rate cuts. He also mentioned that there hasn't been a significant slowdown in growth and that the Fed is considering how a decrease in inflation would affect policy stance. He highlighted housing as a major challenge for the economy.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 3:26 pm

SPY

Federal Reserve's Collins suggests that the Fed may be in a position to hold steady on interest rates, but also indicates that more rate hikes are possible.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:25 pm

SPY

In a CNBC interview, Fed's Harker stated that there is a clear tightening of credit, but it is unclear how much this will impact the economy. He also mentioned that he is not concerned about the rise in market yields and is closely watching it. He noted that low-income consumers are slowing down.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:10 pm

AAPL

Apple Inc. has launched a limited-time offer for Apple Card users, providing 5% Daily Cashback on dining and travel expenses until September 20. The offer applies to up to $20,000 spent on travel and up to $6,000 on dining. The cashback will be credited as Apple Cash or in Apple Savings, a high-yield savings account feature launched by Apple and Goldman Sachs Group Inc. in April 2023. This comes as Apple recently secured the top spot in J.D. Power’s annual U.S. Credit Card Satisfaction Study.

Portfolio Pulse from Benzinga Neuro

August 24, 2023 | 8:24 am