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SPY

U.S. Treasury Secretary Janet Yellen stated that she sees no signs of an economic downturn, according to CNBC. This statement could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:13 pm

BTCUSD

TikTok has seen a surge in fake cryptocurrency giveaways, predominantly exploiting themes related to Elon Musk, Tesla, or SpaceX. The scams involve creating fraudulent websites disguised as crypto exchanges or giveaway platforms, luring users to register accounts in the hopes of receiving free cryptocurrency. However, these scams are designed to steal any deposited crypto. BleepingComputer conducted an investigation into one of these giveaways and discovered that almost all of these scams follow a similar pattern.

Portfolio Pulse from Mehab Qureshi

September 18, 2023 | 2:11 pm

SPY

U.S. Treasury Secretary Janet Yellen has stated that the labor market is cooling, but this does not involve significant layoffs, according to CNBC. The SPY ETF, which tracks the S&P 500, may be indirectly affected by this news due to its broad exposure to the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:10 pm

AMRC

Redflow Limited and Ameresco, Inc. have been awarded a $2.83 million contract by the United States Department of Defense's Defense Innovation Unit to deliver a prototype microgrid using a 1.2 to 1.4 MWh Redflow long duration energy storage system. The project aims to extend the duration of energy storage for existing installations and will repower a solar-powered microgrid at the Stewart Air National Guard Base in New York. The microgrid will provide a dispatchable solar + storage resource for peak shaving and energy resilience. Deployment is planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:07 pm

U

Unity Software Inc. has announced that it will be making changes to the runtime fee policy it announced earlier this week, following backlash from its community, customers, and partners.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:58 pm

NVO

The FDA has reported quality control issues at Novo Nordisk's Clayton plant, a key site for the production of its weight-loss drug Wegovy and diabetes drug Ozempic. In response, Novo Nordisk has hired PCI Pharma Services to handle the assembly and packaging of Wegovy. The company's shares are down 3.26%.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 1:50 pm

AAPL

AMD

AMZN

GOOGL

MSFT

NVDA

SPY

TSLA

The article discusses the upcoming FOMC meeting and its potential impact on the market. It also provides an analysis of several stocks including SPY, AAPL, TSLA, GOOGL, AMZN, NVDA, AMD, and MSFT. The author suggests that the market is not expected to move significantly until the FOMC meeting on Wednesday. The dollar is expected to continue its upward trend. The author also provides specific price levels for each stock that could indicate a bullish or bearish trend.

Portfolio Pulse from Mando Trading

September 18, 2023 | 1:45 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced plans to spin out a majority of its equity interest in Sprout Organics, an organic baby food and toddler brand, to its shareholders. The move is part of a strategic plan to enhance the company's value and reduce operating costs and debt exposure. The spinout is subject to several conditions including legal and tax structuring analyses, financial analysis, regulatory approvals, and listing of Sprout shares on a stock exchange.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:42 pm

PCG

The Administrative Law Judges have issued a proposed decision and alternate proposed decision in Pacific Gas and Electric Company's 2023 general rate case. The decisions would authorize revenue requirements of $13.82 billion and $13.31 billion respectively for 2023, with increases for the following years. The utility would be allowed to collect approved revenue increases starting in 2024. The key differences between the two decisions relate to underground and overhead system hardening, and escalation.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:36 pm

LYFT

The Securities and Exchange Commission (SEC) has charged Lyft Inc. for failing to disclose a board director's role in a shareholder's sale of approximately $424 million worth of private shares of Lyft's stock prior to the company's IPO. The director arranged for a shareholder to sell its shares to a special purpose vehicle (SPV) set up by an investment adviser affiliated with the same director. Lyft approved the sale and secured a number of terms in the contract. Lyft failed to disclose this information in its Form 10-K for 2019. Lyft has agreed to a cease-and-desist order and to pay a $10 million civil penalty.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:17 pm