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Regulatory

LI

NIO

NVDA

TSLA

XPEV

Chinese EV stocks Nio, XPeng, and Li Auto are trading lower due to potential U.S. bans on Chinese software in autonomous vehicles. Tesla is also down over 8%. Nvidia faces delays in AI chip deliveries, impacting EV stocks. Despite recent boosts from Chinese stimulus plans, these companies are struggling with demand and offering discounts.

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 1:45 pm

GAP

PVH

RL

Bangladesh's Prime Minister Sheikh Hasina has resigned and fled the country amid violent protests, leading to a significant drop in the shares of luxury brands that rely on Bangladesh for product sourcing. PVH Corp., Ralph Lauren Corp., and The Gap, Inc. have all seen their stock prices decline in pre-market trading due to concerns over supply chain disruptions.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 1:26 pm

PRFX

PainReform Ltd. (NASDAQ:PRFX) announced that its lead asset, PRF-110, promoted normal wound healing and prevented scar formation following surgical procedures. The company is on track to report top-line results from its Phase 3 trial in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:03 pm

TCBPW

Trading halt status for TCBPW was updated at 9:00:00 AM ET. The article provides information on the news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:00 pm

BNBUSD

BTCUSD

DOGEUSD

ETHUSD

SOLUSD

XRPUSD

Bitcoin and Ethereum have experienced significant drops of 17% and 23% respectively, amid fears of a global recession and geopolitical tensions. The total cryptocurrency market capitalization has fallen by 16.5%, erasing $510 billion in value over three days. Leveraged positions and geopolitical issues have exacerbated the decline.

Portfolio Pulse from Murtuza Merchant

August 05, 2024 | 12:57 pm

TCBP

Trading halt status for TCBP was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times were provided.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:55 pm

DCTH

Delcath Systems has been granted NTAP status for its HEPZATO KIT by the Centers for Medicare & Medicaid Services (CMS), effective October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:45 pm

SPY

Fed's Goolsbee states that inflation has significantly decreased and employment is at a relatively decent level. However, the labor market is showing signs of weakening and needs to stabilize at a normal level. If the job market overheats, the Fed may need to take stronger actions.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:43 pm

SPY

Fed's Goolsbee highlights weaknesses in the jobs market and suggests that the current restrictive monetary policy should only be maintained as long as necessary. He emphasizes that if the economy is not overheating, further tightening should be avoided.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:43 pm

SPY

Fed's Goolsbee comments on the current global complexities and stock market volatility. He mentions that the Fed is prepared to respond to economic conditions, including potential rate cuts or raises, and emphasizes a balanced risk posture.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:42 pm