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PLTN

Big Tree Cloud and SPAC Plutonian Acquisition have announced a merger agreement worth $500 million. The merged entity is set to trade on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:38 am

CPA

Copa Holdings reported a 13.6% increase in capacity and a 14.1% rise in passenger traffic for September 2023 compared to the same period in 2022. The load factor was 87.3%.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:32 am

GATO

Gatos Silver reported a decline of 18% YoY in silver production at its 70% owned Cerro Los Gatos Mine, producing 2.22M ounces in 3Q23. The production of other metals such as zinc, lead, and gold also decreased compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:16 am

EWG

Germany's Consumer Price Index (CPI) for September remained unchanged at 0.3%, in line with estimates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:01 am

EWG

Germany's Consumer Price Index (CPI) for September was reported at 4.5%, in line with estimates, but lower than the previous figure of 6.1%.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:01 am

NIO

Chinese automaker Nio Inc has achieved 30 million battery swaps with its power swap technology. The company delivers over 60,000 swaps every day and plans to add more power swap stations by the end of the year. As of September 30, Nio delivered a total of 399,549 vehicles. The company intends to put up 2,300 power swap stations to cater to its fleet in China.

Portfolio Pulse from Anan Ashraf

October 11, 2023 | 5:06 am

BTCUSD

CNBC TV host Jim Cramer has predicted a significant drop in Bitcoin's value. His comments were made during a discussion on potential investment opportunities on CNBC's 'Squawk on the Street'. While the context of his 'Mr. Bitcoin' reference was unclear, it is evident that Cramer anticipates a bearish trajectory for the cryptocurrency. In response, the Inverse Cramer tracker, which generates investment results opposite to Cramer's recommendations, tweeted 'Congrats Bitcoin Bulls'.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 3:51 am

BTCUSD

Billionaire hedge fund manager, Paul Tudor Jones, expressed concerns about the current geopolitical landscape and rising U.S. government debt, stating his preference for Bitcoin and gold over stocks. He described the current environment as potentially the 'most threatening' he has ever witnessed. Jones has been a Bitcoin investor since 2020, viewing it as a safeguard against inflation.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 3:25 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have shown resilience amidst the ongoing Israel-Hamas conflict. Israeli police have seized cryptocurrency accounts associated with Hamas, with the help of Binance and other entities. The global crypto market cap stands at $1.07 trillion, reflecting a 0.46% decrease in the past 24 hours. U.S. stocks recorded gains on Tuesday, with the S&P 500 and Nasdaq Composite registering increases. Analysts predict potential weakness in Bitcoin and a possible collapse of Ethereum by year-end.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 2:44 am

ARKK

CRSP

DKNG

NTLA

PD

TSLA

Ark Invest, led by Cathie Wood, sold over $8 million worth of Tesla Inc shares, marking the third consecutive session of selling the electric vehicle giant’s stock. The shares were sold through its flagship ARK Innovation ETF. This comes after Ark's consistent acquisition of Tesla shares in the preceding weeks. Ark also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 2:33 am