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EH

EHang Holdings Limited (NASDAQ:EH) has received a type certificate for its EH216-S passenger-carrying unmanned aerial vehicle system from the Civil Aviation Administration of China. This certification indicates that the EH216-S model design meets safety standards and airworthiness requirements, qualifying it for commercial operations. This is the world's first certificate for unmanned electric vertical take-off and landing aircraft, setting a benchmark for airworthiness certification of innovative eVTOLs globally.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:03 am

META

Meta Platforms Inc.'s Threads app has shown signs of resurgence, climbing in app rankings. However, user dissatisfaction persists due to the platform's vague stance on news content. Threads had crossed the 100 million sign-up mark in just five days of its launch, but it has since seen a considerable decline in active users, dropping from 3.3 million in July to 1.1 million in the first half of last month.

Portfolio Pulse from Ananya Gairola

October 13, 2023 | 8:48 am

WKEY

WISeKey's subsidiary, WISe.ART, has initiated a campaign to attract galleries, museums, and artists to its NFT marketplace. This move is aimed at expanding the company's presence in the growing NFT market.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:06 am

PETS

PetMed Express has partnered with Pumpkin Insurance to simplify and make pet care more affordable. The collaboration aims to provide comprehensive pet health solutions to customers.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:15 am

CCL

CUK

Carnival's Holland America Line has expanded its 'Explore With More' offer to now include air credit, bonus shore excursion credit, and a 'Kids Sail Free' option on select cruises.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:14 am

FSR

Fisker Inc (NYSE:FSR) plans to open a lounge in Shanghai, China in December 2023 or January 2024. The company, which currently delivers vehicles only in the U.S. and Europe, aims to start deliveries of the Fisker Ocean SUV in China by Q1 2024. The move is part of Fisker's goal to operate as a fully global firm and tap into the rapidly growing EV industry in China.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 5:38 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched new Cybertruck-inspired products on its merchandise store, including a limited edition set of CyberBeer and CyberStein. The products are a nod to the upcoming Cybertruck launch event. The beer is brewed and bottled in California by Buzzrock Brewing Co. The set, which also includes two matte black ceramic beer steins, can be ordered for $150 and will start shipping later this month.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 4:44 am

BBY

Best Buy's CEO, Corie Barry, has attributed the company's slower sales to the 'funflation' economy, where consumers are spending more on experiences rather than on big-ticket electronics. The trend, which has seen a decrease in sales for Best Buy's televisions and PCs, is also affecting other sectors including appliances, pet supplies, and home improvement. Despite this, Barry remains optimistic about the future of Best Buy due to continuous innovation in the industry.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:43 am

TSLA

The average cost of an electric vehicle (EV) in the U.S. has dropped by $14,000 compared to last year, according to a report by Kelley Blue Book. The report reveals that the average transaction price for an EV in September was $50,683, a decrease from over $65,000 a year ago. This price reduction aligns with ongoing price cuts by Tesla Inc. (NASDAQ:TSLA). The availability of more affordable models and the $7,500 federal tax credit have led to a nearly 50% increase in EV sales in Q3 2023 compared to the same period the previous year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:00 am

AMC

BA

DG

JD

TSLA

US stocks experienced a downtrend with significant indices including the Nasdaq Composite and the S&P 500 reflecting the bearish sentiment. Dollar General Corp (DG) closed the day at a 1.77% loss, but traded higher in the after-hours following an update on its outlook and the appointment of a new CEO. The Boeing Company (BA) ended the day with a 2.43% loss, but is in the spotlight for its collaboration with NASA and United Airlines. JD.com, Inc. (JD) suffered an 8.27% loss, but was part of the broader bullish sentiment in Hong Kong markets. AMC Entertainment Holdings, Inc. (AMC) saw a 5.57% increase, following the anticipation of the Taylor Swift Eras Tour concert film debut. Tesla, Inc. (TSLA) closed at a 1.57% loss after issuing a warning about the likely reduction of the Model 3's tax credit next year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 2:11 am