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QQQ

UUP

US inflation data for April met expectations, breaking a three-month streak of higher-than-expected readings. This has bolstered hopes for a Federal Reserve rate cut. The Consumer Price Index (CPI) showed a year-over-year increase of 3.4%, while core CPI inflation eased to 3.6%. Market reactions included a drop in Treasury yields, a weakening US dollar, and gains in stock futures, with the Nasdaq 100 index closing at an all-time high.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 12:38 pm

TCBP

TC BioPharm (NASDAQ:TCBP) has launched a compassionate use program for its lead therapeutic, TCB008, in the UK. This program will make TCB008 available to patients, potentially accelerating its adoption and providing critical data for further development.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:37 pm

DGX

Cheating on drug tests among American workers has surged to a 30-year high, with Quest Diagnostics Inc (NASDAQ:DGX) reporting significant increases in tampered samples. The rise in positive drug tests, particularly for marijuana, and varied state laws present challenges for employers maintaining drug-free workplaces.

Portfolio Pulse from Vandana Singh

May 15, 2024 | 12:37 pm

HMNF

Trading for HMN Financial, Inc. (HMNF) was halted at 8:25:00 a.m. ET pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:25 pm

NVDA

SHOC

SMH

Nvidia's market value nears $2.3 trillion, boosting CEO Jensen Huang's pay by 60% to $34.2 million. The company's stock gained 216% due to its AI chips and GPU market dominance. Median employee pay increased by 17% to $266,939. Nvidia analysts see potential upside in fiscal 2026 earnings. However, geopolitical tensions with China pose risks. Investors can gain exposure via EA Series Trust Strive U.S. Semiconductor ETF (SHOC) and VanEck Semiconductor ETF (SMH).

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 12:18 pm

BNED

The SEC has declared Barnes & Noble Education's fully backstopped $45 million equity rights offering effective.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:13 pm

LILM

The Federal Government of Germany and the Free State of Bavaria have tasked the State Development Bank Kfw in Frankfurt to conduct due diligence on Lilium as part of the customary state support process.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:56 am

TIP

Economist Peter Schiff criticized Federal Reserve Chair Jerome Powell for not acknowledging that the Fed's easy monetary policy during COVID-19 was a mistake, which he believes has led to the current inflation problem. Schiff predicts that inflation will rise further as the Fed is likely to repeat its mistakes. The iShares TIPS Bond ETF (TIP), which tracks inflation-protected U.S. Treasury bonds, saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 15, 2024 | 11:50 am

TSLA

Tesla CEO Elon Musk praised China's manufacturing and infrastructure capabilities following the U.S. decision to quadruple tariffs on Chinese electric vehicles (EVs). The Biden administration imposed a 100% tariff on Chinese-made EVs and additional tariffs on EV batteries and critical minerals, aiming to protect American automakers.

Portfolio Pulse from Anan Ashraf

May 15, 2024 | 11:38 am

HUM

STIM

Neuronetics announced that Humana has become the first commercial payer to address TMS therapy coverage for adolescents.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:34 am