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XRPUSD

Ripple's co-founder Chris Larsen endorses Kamala Harris for president amidst ongoing crypto regulatory debates. Ripple recently won a legal victory against the SEC regarding XRP sales, impacting the crypto industry's regulatory landscape. Ripple is also seeking to delay a $125 million penalty payment in its ongoing legal battle with the SEC.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 3:44 pm

APIE

AVIV

TM

Toyota Motor Corporation's stock is trading lower due to a reduction in its 2026 electric vehicle production target by 30%, amid a global demand slowdown. However, Toyota will benefit from Japan's $2.4 billion support for EV battery production. The stock has lost over 29% in the past six months.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 3:32 pm

ACON

Aclarion, Inc. (NASDAQ:ACON) has been added to the PRISM Emerging Medical Devices Index, highlighting its innovative AI-driven solutions for chronic low back pain. The company secured its first commercial agreement with Sheridan Community Hospital, marking a significant milestone in its market presence.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:29 pm

BNO

USO

Oil prices are declining due to reports of the U.S. and Iraq planning to end the American-led coalition, leading to troop withdrawals in 2025-2026, and Saudi Arabia's decision to cut October's crude oil price to Asia.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:14 pm

SHIBUSD

Shiba Inu (SHIB) burned 12 million coins in 24 hours, with new accounts more than doubling. Despite these developments, technical indicators suggest a bearish trend, with a 58.8% drop in large transaction volume and 53% of holders at a loss.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 2:53 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc. (NASDAQ:AVGO) has reported strong earnings and revenue for the third quarter, driven by its AI semiconductor segment and VMware business. Despite the positive results, the stock has dipped in premarket trading. Analysts have raised AI revenue forecasts and price targets, indicating confidence in Broadcom's growth potential.

Portfolio Pulse from Surbhi Jain

September 06, 2024 | 2:42 pm

CPCAY

DAL

EADSY

Airlines, including Delta Air Lines, are conducting inspections of their Airbus A350 fleets following an engine issue identified by Cathay Pacific. The issue affects A350-1000 models with Rolls-Royce engines, but not the A350-900 model operated by Delta. The European Union Aviation Safety Agency has issued a directive for inspections. Delta emphasizes its commitment to safety.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 2:41 pm

TSLA

Morgan Stanley's Adam Jonas reiterates Tesla as the top pick in the U.S. auto industry, highlighting its diversification strategy and cost control efforts. Despite a significant drop in Tesla's stock price, the company is praised for mitigating risks and expanding into AI and energy sectors. Expectations for the upcoming Robotaxi Day are muted.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 2:41 pm

NNE

NANO Nuclear Energy Inc. has announced the addition of Anuj Dubey, Ph.D., and Congjin Ding, Ph.D., to its research team, focusing on the development of the 'ODIN' microreactor. This development aims to enhance the company's expertise in nuclear technology and expedite the microreactor's development and licensing process.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:33 pm