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SPY

Philadelphia Fed President Patrick Harker stated that the job market is softening and returning to normal levels, which aligns with expectations. He mentioned that the balance of risks is becoming more normal, and the Federal Reserve will focus more on employment metrics.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:11 pm

YHGJ

Yunhong Green CTI has received a non-compliance notice from Nasdaq due to the late filing of its Q2 2024 10-Q report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:01 pm

SPY

The Federal Reserve's Harker indicates that markets have already adjusted to anticipated Fed actions. Inflation is decreasing but will take time to reach the 2% target. Future Fed rate cuts could alleviate pressure on the housing sector. Unemployment is expected to rise slightly, and the commercial real estate sector is under observation. The job market is mostly normalized, with no major financial stability concerns.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:42 pm

MRK

Merck's rVSV-ZEBOV Ebola vaccine demonstrated 84% effectiveness during the 2018-20 outbreak in the Democratic Republic of the Congo. The vaccine, approved by the FDA for adults and children, is the only WHO-prequalified vaccine for Ebola caused by the Zaire ebolavirus. The study confirms its high effectiveness in real-world conditions.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 1:40 pm

BTCUSD

DOGEUSD

ETHUSD

SCHW

SNOW

Snowflake's stock fell 8% after Q2 earnings, with the CEO downplaying a cyberattack's impact. The Fed's signal of a rate cut led to a rise in Bitcoin, Ethereum, and Dogecoin. Nvidia's earnings are a focal point for the market, while Charles Schwab shares dropped over 4% after TD Bank reduced its stake.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 1:32 pm

ALLG

Allego (NYSE:ALLG) has announced the completion of its voluntary delisting from the NYSE, with August 22, 2024, being the last trading day for its shares. The company remains committed to promoting EV adoption in Europe.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:31 pm

GVH

Globavend Holdings has received a notice from Nasdaq for non-compliance with the $1.00 minimum bid price requirement. The company has until February 12, 2025, to regain compliance, and its ordinary shares will continue trading on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:16 pm

USDTUSD

Tether Holdings Ltd., a major stablecoin issuer, now holds $81 billion in U.S. Treasury bills, marking a significant presence in the Treasury market. This move is seen as a step towards better relations with the U.S. government and financial stability. Despite skepticism, Tether aims to become the largest holder of T-bills, supported by its partnership with Cantor Fitzgerald LP.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 1:09 pm

SPY

In a CNBC interview, Fed's Schmid suggested the potential to accelerate the reduction of the Federal Reserve's balance sheet. This could impact market liquidity and interest rates, influencing investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:08 pm

CVKD

Cadrenal Therapeutics is set to have a Type-B meeting with the FDA in September to discuss the development of tecarfarin for LVAD patients. This meeting is a significant step towards their pivotal trial.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:04 pm