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CVX

UNG

Talks between Chevron and unions representing workers at its liquefied natural gas facilities in Australia ended without a deal, leading to planned strike action. This news led to an increase in gas prices in Europe by as much as 11%.

Portfolio Pulse from Charles Gross

September 08, 2023 | 8:48 am

BYDDF

FXI

TSLA

China Passenger Car Association reported that car sales in China totaled 1.94 million units in August, marking a 2.2% YoY increase. Tesla exported China-made vehicles in August.

Portfolio Pulse from Charles Gross

September 08, 2023 | 8:43 am

DOGEUSD

SHIBUSD

Meme cryptocurrency HarryPotterObamaInu (CRYPTO: INU) outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) following a controversial interview aired by former Fox News host Tucker Carlson with Larry Sinclair. Elon Musk, owner of Twitter, commented on the credibility of Sinclair's claims. HarryPotterObamaInu experienced a 7.18% increase in the last 24 hours, while Shiba Inu and Dogecoin saw gains of 0.40% and 0.45%, respectively. Investors are advised to exercise caution when dealing with meme coins like HarryPotterObamaInu, especially when trading volumes are low.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 8:24 am

BTCUSD

RIOT

Riot Platforms Inc. (NASDAQ:RIOT) received $31.7 million in energy credits from the Electric Reliability Council of Texas (ERCOT) after voluntarily reducing its energy consumption during a heatwave. The value of these credits exceeded the worth of the 333 Bitcoins mined by Riot in August, which was approximately $8.9 million. Despite net losses of over $500 million in 2022, Riot's stock has increased by around 230% in 2023 due to Bitcoin's recovery.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 7:51 am

AAPL

NVDA

TSLA

Venture capitalist Chamath Palihapitiya has highlighted data showing the U.S. is importing more from Mexico than China for the first time since 2003. This comes amid increasing tensions between the U.S. and China, which have impacted tech stocks such as Apple, Tesla, and Nvidia. The diversification away from China could be positive for these companies, particularly Tesla, which is building a Gigafactory in Mexico.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 7:34 am

Kroger Co. (NYSE:KR) is set to report its Q2 2023 financial results on Sept. 8, 2023. Analysts predict earnings of 91 cents per share, up from 90 cents per share a year ago, and revenue of $34.12 billion, down from $34.64 billion. Kroger shares gained 1% in after-hours trading. Analysts from Morgan Stanley, Northcoast Research, Deutsche Bank, JP Morgan, and Wells Fargo have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 7:04 am

FNKO

PENN

PLOW

STAA

Insider trades were noted in four US-listed companies: STAAR Surgical Company (STAA), Funko, Inc. (FNKO), Douglas Dynamics, Inc. (PLOW), and PENN Entertainment, Inc. (PENN). STAAR Surgical's 10% owner Neal Bradsher acquired 189,962 shares for around $7.87 million. Funko's 10% owner Chan Kenneth Hsiangtze acquired 69,531 shares for around $478,631. Douglas Dynamics' President and CEO Robert L McCormick bought 10,000 shares for around $307,110. PENN Entertainment's EVP and CFO Felicia Hendrix bought 11,162 shares for around $250,140.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 6:52 am

BROS

Dutch Bros has priced its $300 million offering of 11,538,461 common shares at $26 per share.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:38 am

DIS

Walt Disney Co. (NYSE:DIS) has amended its lawsuit against Florida Governor Ron DeSantis to focus solely on its First Amendment claim. The company has dropped the Contracts Clause, Takings Clause, and Due Process Clause violations from the lawsuit. The case pertains to the Parental Rights in Education Act, also known as the 'Don't Say Gay Law', and the abolition of the special taxing district privilege for the Reedy Creek district, which houses Disney's Orlando theme park. Disney's shares fell to a 10-year low on Thursday, dropping 0.51% to $80.57.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 6:37 am

FFIE

EV startup Faraday Future Intelligent Electric (NASDAQ:FFIE) suspects a coordinated effort to undermine its valuation through misinformation and market manipulation. The company has initiated an investigation and may take legal action if it discovers any illegal activities. Faraday Future has faced numerous challenges, including production delays and funding issues. The company's shares closed down 23.7% on Thursday at $3.89 and fell 1.5% after hours. Year to date, the stock has dropped nearly 82%.

Portfolio Pulse from Anan Ashraf

September 08, 2023 | 6:18 am