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GM

STLA

TSLA

The United Auto Workers union has gone on strike due to a lack of agreement on wage increases and benefits. Analysts have identified Tesla, Inc. as a potential beneficiary of the standoff between the union and Detroit's big three automakers - General Motors Corp., Ford Motor Co., and Stellantis N.V. The big three already pay workers 39% more than Tesla, and this gap is expected to increase. A 10-day strike could cost carmakers, suppliers, and workers over $5 billion. The strike could also delay the EV ambitions of GM and Ford.

Portfolio Pulse from Shanthi Rexaline

September 15, 2023 | 6:18 am

RYZB

RayzeBio has priced its upsized initial public offering (IPO) of 17,277,600 common shares at $18 per share, raising $311 million.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 5:57 am

ARM

LITB

NVDA

The CNN Money Fear and Greed index showed an improvement in investor sentiment, with U.S. stocks closing higher. ARM Holdings' shares jumped over 24% on its U.S. stock market debut after its Nvidia acquisition fell through. Economic data showed producer prices and retail sales in the U.S. rose more than expected. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Investors are awaiting earnings results from LightInTheBox Holding.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 5:57 am

TSLA

Tesla Inc (NASDAQ:TSLA) has stopped taking orders for its Model Y standard range all-wheel-drive SUVs. The company's website now only shows the Model Y Long Range and Performance editions. The reasons for the change are not clear, but some speculate that the company may be channeling the 4680 battery cells used in the vehicle for cybertruck production or differentiating the price points of the Model 3 and the Model Y.

Portfolio Pulse from Anan Ashraf

September 15, 2023 | 5:54 am

VTLE

Vital Energy has priced an upsized offering of 2.75 million common stock for total gross proceeds of approximately $148.5 million.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 5:53 am

DOGEUSD

Dogecoin co-creator Billy Markus criticized President Joe Biden's proposal to tax billionaires, arguing that it has increased the national debt. Markus also referred to Senator Elizabeth Warren as a 'phony piece of garbage' for her criticisms of Elon Musk. Meanwhile, Bitcoin was trading at $26,307, up 0.32% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 4:54 am

FXI

China's industrial production year to date (YoY) for August was reported at 3.9%, matching the estimates and showing a slight increase from the prior 3.8%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:58 am

FXI

China's industrial production for August has increased by 4.5%, surpassing the estimated 4% and the prior 3.7%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:57 am

FXI

China's Fixed Asset Investment (YoY) for August was reported at 3.2%, lower than the estimated 3.3% and the prior 3.4%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:57 am

BTCUSD

DB

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge following Deutsche Bank's partnership with Taurus for crypto custody services. Deutsche Bank has submitted an application for a crypto custody license to Germany's financial watchdog, BaFin. The global crypto market capitalization stands at $1.04 trillion, a 0.87% increase in the last day. The S&P 500 and the Nasdaq Composite also showed solid increases. Analysts suggest that Bitcoin may experience a bullish breakout but caution against a retest of the lows.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 3:56 am