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Peter Schiff criticized the July CPI figure as misleading, attributing the modest 2.9% increase to a significant drop in used car prices. He warned that the market, which expects a September rate cut, will crash if the Fed does not deliver. The Core CPI rose by 3.2%, consistent with expectations but still above the Fed's 2.0% target. Mohamed El-Erian also criticized the Fed for not reducing rates in July, while Home Depot's CEO noted that inflation is affecting consumer spending on home renovations.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 2:03 am

ASTI

Trading has been halted for a company at 7:50:00 p.m. ET due to pending news. The halt is likely related to ASTI.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

PRTG

Trading for PRTG was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

HUGE

Trading for the stock symbol HUGE was halted at 7:50:00 p.m. ET due to pending news. Investors are advised to stay alert for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

TCNNF

Florida Governor Ron DeSantis criticized Trulieve Cannabis Corp (OTC:TCNNF) for alleged Canadian ties in his opposition to Florida's cannabis legalization measure, Amendment 3. Trulieve clarified that it is a Florida-based company, with its only Canadian connection being a holding company for stock trading purposes.

Portfolio Pulse from Maureen Meehan

August 14, 2024 | 10:26 pm

INCY

SNDX

Incyte and Syndax have received FDA approval for Niktimvo (axatilimab-csfr), an anti-CSF-1R antibody, to treat chronic graft-versus-host disease (GVHD) in patients who have failed at least two prior lines of systemic therapy.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:55 pm

SPIR

Spire Global shares are trading lower after the company announced it filed a Form 12b-25 for late filing of its Q2 2024 report.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:07 pm

SPIR

Spire Global has filed a Form 12b-25 indicating a delay in filing its Q2 2024 financial report. The company is working to finalize its financials and will reschedule its earnings call once the Form 10-Q filing date is confirmed.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:06 pm

SPRC

SciSparc announced that a court has approved AutoMax's petition to convene special class meetings of shareholders to approve their merger. This is a significant step forward in the merger process between SciSparc and AutoMax.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:01 pm

BVNRY

EBS

GOVX

SIGA

The World Health Organization (WHO) has declared an international public health emergency over mpox due to a significant rise in cases, particularly in Africa. This has led to increased trading activity in stocks related to mpox vaccines and treatments, including Bavarian Nordic, Emergent Biosolutions, GeoVax Labs, and SIGA Technologies.

Portfolio Pulse from Chris Katje

August 14, 2024 | 8:58 pm