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Regulatory

BILI

TME

Bilibili (BILI) and Tencent Music Entertainment (TME) shares are trading lower after China's central bank cut its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 6:00 pm

NTES

NetEase Inc (NASDAQ:NTES) shares are trading lower by 2.98% to $95.52 during Tuesday's session, following China's central bank cutting its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 5:59 pm

NIO

NIO Inc's shares are trading lower by 1.22% after China's central bank cut its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 5:59 pm

DB

Deutsche Bank has applied to become a crypto custodian in Germany, following its announcement to explore the crypto space in 2021.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 5:47 pm

F

HMC

Honda and Ford have joined the Mobility Open Blockchain Initiative (MOBI) to develop a blockchain-based 'battery passport' system for electric vehicles (EVs). The system aims to track the life cycle of EV batteries, ensuring their proper disposal and recycling.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 5:26 pm

INDA

TSLA

Tesla CEO Elon Musk is set to hold talks with India's Prime Minister Narendra Modi regarding the automaker's manufacturing plans in the country.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 5:08 pm

GM

HYMTF

STLA

TSLA

WKSP

Worksport (WKSP) is applying for ISO 9000 certification for its manufacturing facility, while Stellantis (STLA) unveils a new tool to challenge Tesla (TSLA) and General Motors (GM) in the EV market. Hyundai (HYMTF) is considering joining Tesla in changing the American charging standard.

Portfolio Pulse from Upwallstreet

June 20, 2023 | 4:35 pm

MSFT

President Biden is meeting with AI experts in San Francisco to discuss the potential dangers of artificial intelligence, including misinformation, job losses, discrimination, and privacy violations. The meeting comes as Biden seeks support from tech billionaires for his 2024 reelection bid.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 4:21 pm

IDEX

Ideanomics Inc (NASDAQ:IDEX) shares are trading higher after the company announced its decision to discontinue operations of its subsidiary, Justly Markets LLC, a registered broker-dealer. The withdrawal request is subject to a 60-day minimum review period by FINRA.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 4:19 pm

DIA

IWM

QQQ

SPY

Major indices are lower due to a pullback in tech stocks, particularly in semi and chip names. Investors are also evaluating recent Chinese interest rate cuts and the US Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 4:15 pm