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AMZN

BABA

MSFT

NVDA

PDD

Alibaba's stock rose on Friday after announcing changes to its Hong Kong listing, allowing mainland investors to trade. Despite a 4% revenue growth in Q1, Alibaba faces challenges from domestic competition and U.S. semiconductor embargoes. The stock has lost 7% over the past year, while competitors like PDD Holdings have gained significantly.

Portfolio Pulse from Anusuya Lahiri

August 23, 2024 | 11:34 am

MRNA

Moderna announced that the European Commission has granted marketing authorization for its vaccine Mresvia (mRNA-1345) to protect adults aged 60 and older from lower respiratory tract disease caused by RSV infection.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:09 am

SYTA

Siyata Mobile is expanding its presence in the mining sector by securing an order for its SD7 handsets from a global mining company. This move signifies Siyata's strategic focus on the mining vertical.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:05 am

MNTX

Manitex International has signed a dealership agreement with Bruckner's Truck & Equipment to expand its North American PM crane sales. Bruckner's will sell and support Manitex's full line of equipment through 40 centers across eight states.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:03 am

GLD

QQQ

SPY

U.S. stocks closed lower due to economic slowdown concerns, with major indexes like the Dow, S&P 500, and Nasdaq declining. Technology stocks led the fall, while financials and real estate gained. Gold hit a new all-time high, and U.S. futures showed positive movement.

Portfolio Pulse from Akanksha Bakshi

August 23, 2024 | 11:03 am

AMZN

Amazon's AI assistant, Amazon Q, has significantly improved efficiency by saving $260 million and 4,500 developer-years of work. The tool has reduced software upgrade times and enhanced security, despite initial setbacks.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 11:03 am

EQNR

Equinor has decided to halt its offshore wind plans in Vietnam and will close its office in Hanoi. This decision reflects a strategic shift in Equinor's operations in the region.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:03 am

PLTR

Palantir is enhancing Sompo's digital transformation with its AI solutions, building on its existing partnership with Sompo Holdings in Japan.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:02 am

VTRS

Viatris presented a late-breaking oral presentation at the APLAR Annual Congress, showing that Cenerimod is safe and well-tolerated for Japanese patients with Systemic Lupus Erythematosus.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:00 am

BILL

CAVA

COIN

MSTR

NVDA

QQQ

ROST

SPY

WDAY

US stocks are poised for a strong start as traders anticipate dovish comments from Fed Chair Jerome Powell at Jackson Hole. Nvidia's earnings are expected to reinforce the strength of tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed gains in premarket trading. Several companies, including BILL Holdings, CAVA Group, Ross Stores, and Workday, saw significant premarket movements following earnings announcements.

Portfolio Pulse from Shanthi Rexaline

August 23, 2024 | 10:39 am