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Regulatory

RILY

B. Riley Financial (NASDAQ:RILY) shares surged after co-founder Bryant R. Riley proposed to acquire all shares he doesn't own for $7 per share, a 40% premium over the previous closing price. Riley, the largest stockholder, plans to finance the transaction with debt and possibly third-party equity. The company recently suspended its dividend, reported its largest quarterly loss, and confirmed an SEC investigation.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 5:19 pm

F

FTXR

Ford Motor Company (NYSE:F) is recalling approximately 85,000 Explorer SUVs due to potential engine fire risks and 37,371 vehicles, including the Mustang Mach-E, due to windshield wiper failures. The recalls affect various models from 2020-2024. F stock has lost over 12% in the past year and is trading lower by 0.68% today. Investors can gain exposure to Ford via the First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 4:34 pm

EIS

SPY

Israel is hopeful that pressure from mediators and the U.S. will lead Hamas to accept a ceasefire deal proposed on May 27, according to a statement from the Prime Minister's office reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:09 pm

EIS

SPY

A senior Hamas official has accused the U.S. administration of creating a 'false atmosphere' and having no intention of stopping the ongoing war. This statement could impact market sentiment and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:59 pm

GOOGL

Google announced that it will update its regional restrictions under its political content policy in August 2024 to include Canada.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:58 pm

EIS

SPY

President Biden announced that the U.S. is closer to a Gaza ceasefire deal than it was three days ago, but the agreement has not yet been finalized.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:58 pm

BTCUSD

ETHUSD

Veteran crypto analysts DonAlt and CryptoCred discussed the technical outlook for Bitcoin and Ethereum, highlighting key support levels and the impact of ETFs. Bitcoin's critical support is at $59,000, with potential lower supports at $52,000 and $47,000. Ethereum's crucial support is in the $2,200-$2,300 range. The analysts noted the choppy market conditions and the divergence in altcoin performance.

Portfolio Pulse from Ivan Crnogatić

August 16, 2024 | 3:55 pm

EIS

SPY

Hamas has expressed support for a UN request for a 7-day humanitarian pause to vaccinate children in Gaza against polio, according to Reuters citing an official.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:33 pm

CNI

EWC

NSC

SPY

Norfolk Southern has closed intermodal facility ingates to CN Canadian destinations due to potential work stoppages. CN has issued an embargo on all intermodal shipments effective August 16.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:13 pm

GDX

GLD

GOLD

NEM

SSRM

UUP

Gold prices hit an all-time high of $2,500 per ounce due to a weakening U.S. dollar and declining Treasury yields. This surge is driven by expectations of Federal Reserve rate cuts. Gold ETFs, including SPDR Gold Trust (GLD), saw strong inflows in July. Gold mining stocks, such as those in the VanEck Gold Miners ETF (GDX), also performed well.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 2:59 pm