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New York Governor Kathy Hochul has indefinitely paused NYC's congestion pricing plan, which would have charged $15 for entering Manhattan. The decision impacts truckers, rideshare apps like Uber and Lyft, and real estate owners like Blackstone and Vornado Realty Trust.

Portfolio Pulse from Hayden Buckfire

June 06, 2024 | 3:59 pm

WISA

WiSA Technologies shares are trading higher following the company's announcement of increased demand for its audio technology.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:58 pm

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT) shares surged 85.6% after the company announced the addition of 26 new customers and 149 carriers to its AI-powered freight matching platform, Fr8App. This expansion enhances its service offerings and capacity, particularly in US domestic and US-Mexico cross-border services.

Portfolio Pulse from Dylan Berman

June 06, 2024 | 3:55 pm

EADSY

Airbus reported 24,032 gross aircraft orders from January to May and delivered 256 aircraft to 58 customers year-to-date.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:49 pm

AAPL

HPE

META

MSFT

NVDA

QQQ

SPY

TSLA

Nvidia has surpassed Apple in market capitalization, driven by strong AI-related news and Wall Street activity. The European Central Bank has cut interest rates by 25 bps, widening the policy gap with the Fed. Initial jobless claims indicate a cooling labor market. Early trade shows positive money flows for Nvidia, neutral for Amazon, Microsoft, Alphabet, Tesla, and Apple, and negative for Meta. Mixed flows are observed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

June 06, 2024 | 3:43 pm

DIS

DKNG

Dave Portnoy, founder of Barstool Sportsbook, has placed significant bets on the Edmonton Oilers and Boston Celtics to win their respective championships. If successful, these bets could net him over $2.5 million. The bets were placed with DraftKings, and the games will be broadcast on ABC and ESPN+, units of The Walt Disney Company.

Portfolio Pulse from Chris Katje

June 06, 2024 | 3:42 pm

Boeing's Starliner capsule, carrying its first two-member NASA crew, detected a helium leak affecting some thrusters as it approached the ISS. Despite the issue, NASA allowed the docking to proceed. The mission aims to prove the spacecraft's flightworthiness and compete with SpaceX.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 3:36 pm

NVAX

Novavax, Inc. (NASDAQ:NVAX) has seen a significant surge in its stock price following positive news about its COVID-19 vaccine. The FDA has completed the filing review of Novavax's Biologics License Application, setting a PDUFA review goal date for April 2025. The stock has risen over 300% in the past month and nearly 40% in the past five days, driven by high trading volume and a high short-interest ratio. Technical indicators suggest a strong bullish trend, although the stock is currently overbought.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 3:26 pm

HPQ

Humane, the startup behind the AI Pin, is in discussions with HP and telecom companies to sell its product. This could potentially lead to significant partnerships and distribution channels for Humane's AI Pin.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:23 pm

DASH

SBUX

UBER

Starbucks Corporation (NASDAQ:SBUX) has announced a new partnership with Grubhub to offer delivery services to its customers in the U.S. This partnership promises zero delivery charges, reduced service fees, and exclusive offers through Grubhub's monthly membership program. Starbucks already has delivery partnerships with Uber Eats, Postmates, and DoorDash. The new service will begin in select markets in June and is expected to be available nationwide by August 2024. Despite the positive news, Starbucks is facing staffing issues, which may impact service quality.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 3:23 pm