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SPY

Federal Reserve's Bostic expressed satisfaction with the current jobs number, stating it aligns with the economic outlook. He hopes for minimal economic pain and believes the Fed has time to observe and be patient with data. Bostic also suggested that the current Fed policy is likely in the right place considering the economic outlook.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:54 pm

HOOD

Shares of Robinhood Markets Inc (NASDAQ:HOOD) are trading higher by 2.9% due to the Federal Reserve's decision to maintain unchanged interest rates. This decision has decreased uncertainty in financial markets, driving up demand for financial services stocks. Despite concerns about inflation falling short of its 2% target, the Fed's measured approach to rate hikes is viewed as beneficial for banks.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 7:39 pm

OTLK

Outlook Therapeutics (NASDAQ:OTLK) has completed Type A Meetings with the FDA, agreeing on a clinical trial design for ONS-5010, a treatment for wet AMD. The trial could allow for resubmission of the ONS-5010 BLA by end of 2024 and approval by mid-2025. HC Wainwright upgraded the stock to Buy from Neutral and increased the price target from $1 to $2. The new study is estimated to cost $35-40 million, necessitating additional financing.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 7:25 pm

NIO

Shares of Nio are trading higher, possibly due to the company's recent delivery update and the positive market sentiment following the Federal Reserve's decision on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:27 pm

C

Citigroup, Inc. (NYSE:C) is reportedly asking credit card holders to use digital bills, or they might lose access to their online accounts. This initiative is part of a 'beta program' for customers who manage their accounts online but continue to receive paper statements. Lawyers and consumer advocates argue that the policy challenges federal regulations. Citigroup's shares are trading higher by 2.53% to $42.40.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 6:05 pm

ETHUSD

A total of 5,550.21 Ether (ETH) worth $10M was burned from Ethereum transactions on Thursday. This is a result of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5th, 2021, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -5.23% yesterday.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:00 pm

SPY

Minneapolis Fed President Kashkari has stated that the labor market is slowing down. However, he cautioned against overreacting to a single jobs report and emphasized the need to continue monitoring the data. He believes it's too soon to make any definitive conclusions.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:58 pm

DGII

Conestoga Capital Advisors LLC has reported a 10.5% stake in Digi International, according to a 13G filing with the SEC. The stake was reported as of November 03, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:57 pm

MU

Micron Technology, Inc. (NASDAQ:MU) has been invited by China's commerce minister to expand its presence in the Chinese market. This comes after a period of tension where Micron was prohibited from selling to Chinese key infrastructure providers due to a failed network safety evaluation. The invitation is seen as part of a thawing in tensions between the US and China.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 5:52 pm

GNTX

Gentex Corp has stated in its SEC Form 10 filing that it is finding it difficult to forecast revenue for the remainder of the year and beyond.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:51 pm