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Kamala Harris' campaign has released a preview of her first major economic policy speech, focusing on residential construction and banning food price hikes. The plan includes building three million new housing units, expanding tax incentives for affordable housing, and providing down-payment support for first-time homeowners. Harris also aims to ban food price hikes to prevent corporate exploitation. The SPDR S&P Homebuilders ETF (XHB) and SPDR S&P 500 ETF Trust (SPY) saw gains following the news.

Portfolio Pulse from Shanthi Rexaline

August 16, 2024 | 8:42 am

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Sigma Lithium expects to produce 60,000 tons of 5.0 Green Lithium in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:41 am

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Peter Schiff highlighted Bitcoin's sharp decline amidst a stock market rally, contrasting it with gold's gains. Despite Bitcoin's recent increased correlation with stocks, Schiff remains skeptical about its potential as a reserve asset.

Portfolio Pulse from Aniket Verma

August 16, 2024 | 8:33 am

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Lotus Robotics has been reported to power Lynk&Co's first all-electric sedan with advanced intelligent driving solutions.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:10 am

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Tutor Perini has secured a $1.66 billion contract to build six rail stations and an elevated guideway in Honolulu. The project design will start immediately, with construction beginning in the second half of 2025 and substantial completion expected by 2030. Parsons Corporation will serve as the design subcontractor.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:00 am

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:52 am

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A report from BestBrokers found that over 64% of stock predictions made by TikTok finfluencers in 2023 were accurate, including significant rallies in AI stocks like NVIDIA and Qualcomm. Despite this, experts remain skeptical about the reliability of these influencers, citing the broader market performance and potential conflicts of interest.

Portfolio Pulse from Benzinga Neuro

August 16, 2024 | 5:36 am

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Donald Trump Jr. directed followers to an official Telegram channel for updates on their upcoming cryptocurrency project, 'The DeFiant Ones.' This move aims to provide accurate information amidst intense speculation. The Trump family has been vocal about their venture into the cryptocurrency space, cautioning against fraudulent tokens. Donald Trump’s financial disclosure lists holdings in Ethereum (ETH).

Portfolio Pulse from Aniket Verma

August 16, 2024 | 4:08 am

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Former President Donald Trump, who is running for a second term, holds between $1 million and $5 million in cryptocurrencies, mainly in Ethereum and PolitiFi tokens. His latest financial disclosure reveals a 900% increase in his crypto holdings. Trump has earned $7.15 million in licensing fees from his NFT venture and has shifted from being a crypto skeptic to a proponent, advocating for a national stockpile of Bitcoin and accepting crypto for campaign donations.

Portfolio Pulse from Aniket Verma

August 16, 2024 | 2:19 am

NVDA

Former Google CEO Eric Schmidt highlighted Nvidia as a major player in the AI market, noting significant investments from large tech companies in Nvidia-based AI data centers. Schmidt's comments come ahead of Nvidia's quarterly results on Aug. 28, which are highly anticipated by investors.

Portfolio Pulse from Ananya Gairola

August 16, 2024 | 1:53 am