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FXI

China's Producer Price Index (PPI) for September was reported late Thursday to be -2.5%, compared to the estimated -2.4% and the prior -3%. This indicates a slower than expected deflation in the prices of goods sold by manufacturers.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:22 am

FXI

China's Consumer Price Index (CPI) for September was reported late Thursday to be 0.0%, compared to the estimated 0.2% and the prior 0.1%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:21 am

FXI

China's Consumer Price Index (CPI) for September was reported late Thursday to be 0.2%, lower than the estimated 0.3% and the prior 0.3%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:21 am

JPM

JPMorgan Chase & Co. is expected to report higher Q3 earnings with an estimate of $3.90 per share, up from $3.12 per share a year ago. The company's revenue is projected to be $39.57 billion, compared to $32.09 billion in the year-ago period. Several analysts have revised their ratings and price targets for JPMorgan ahead of the earnings call.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 5:19 am

BTCUSD

ETHUSD

The Make Ethereum Great Again (MEGA) token has surged 10,000% in 24 hours, outperforming leading cryptocurrencies Ethereum (ETH) and Bitcoin (BTC). The MEGA team encourages individuals to focus on what they can contribute to the associated upcoming project, PulseChain. The SEC has initiated legal action against Richard Heart, the founder of HEX and associated with MEGA, accusing him of illegally generating over $1 billion by selling unregistered securities.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 4:52 am

BTCUSD

The article discusses three cryptocurrencies with Halloween-themed branding: Pirate Chain (ARRR), Zombie Inu (ZINU), and SpookySwap (BOO). Pirate Chain focuses on privacy and untraceability, Zombie Inu aims to provide an immersive experience and has potential for commercialization, and SpookySwap is a decentralized exchange built on the Fantom Opera network. The article also mentions that Bitcoin (BTC) was trading at $26,787, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 4:01 am

BBY

Best Buy's CEO, Corie Barry, has attributed the company's slower sales to the 'funflation' economy, where consumers are spending more on experiences rather than on big-ticket electronics. The trend, which has seen a decrease in sales for Best Buy's televisions and PCs, is also affecting other sectors including appliances, pet supplies, and home improvement. Despite this, Barry remains optimistic about the future of Best Buy due to continuous innovation in the industry.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:43 am

BITQ

BTCUSD

Despite a challenging crypto market, Bitcoin's steady position above $25,000 is a positive sign, according to Wolfe Research. The crypto market continues to face issues with low volume and liquidity. However, Bitcoin has remained resilient, trading between $25,000 and $30,000. Wolfe Research also highlighted the Bitwise Crypto Industry Innovators ETF, which is back to its February highs and up about 90% this year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:34 am

TSLA

The average cost of an electric vehicle (EV) in the U.S. has dropped by $14,000 compared to last year, according to a report by Kelley Blue Book. The report reveals that the average transaction price for an EV in September was $50,683, a decrease from over $65,000 a year ago. This price reduction aligns with ongoing price cuts by Tesla Inc. (NASDAQ:TSLA). The availability of more affordable models and the $7,500 federal tax credit have led to a nearly 50% increase in EV sales in Q3 2023 compared to the same period the previous year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:00 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase, surpassing economist estimates of 0.3%. This reflects inflationary pressure on the economy. Stocks experienced a decline due to concerns over rising Treasury yields and ongoing U.S. inflation. The S&P 500 and Nasdaq Composite both dropped, marking the end of a four-day winning streak for the major indexes. Crypto analysts predict a 'bizarre' market with Bitcoin lacking strength and altcoins not budging despite Bitcoin's downward move.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 2:57 am