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EWG

VGK

Germany's Consumer Price Index (CPI) for August remained unchanged at 0.3%, in line with estimates and the previous month's figure.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:03 am

RENT

Rent the Runway, Inc. (NASDAQ:RENT) is expected to report a narrower Q2 2023 loss of 43 cents per share, compared to a loss of 53 cents per share in the same period last year. The company's revenue is projected to be $78.25 million, slightly up from $76.5 million in the year-ago period. The company's shares gained 3.7% to $1.41 in the after-hours trading session. Analysts from Piper Sandler, Barclays, Goldman Sachs, and Credit Suisse have recently updated their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 5:58 am

BTCUSD

JPM

Over the past 24 hours, Bitcoin shorts worth over $24 million were liquidated, affecting 26,390 traders. The largest single liquidation order was on Bitmex, valued at $5.15 million. This comes as JPMorgan, the largest US bank, is developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has established most of the necessary infrastructure for the token, but regulatory approval is still pending.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 4:23 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product (GDP) for Q2 has been reported at 1.2%, lower than the estimated 1.5% and higher than the revised prior of 0.8%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:13 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product (GDP) for Q2 has been reported at 4.8%, lower than the estimated 6% and higher than the revised prior of 3.2%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:12 am

ETHUSD

SHIBUSD

Shibburn, a Shiba Inu (CRYPTO: SHIB) data tracker, has clarified that the surge in SHIB's price in May 2021 was due to increasing demand, not Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin's burn of $1.7 billion worth of SHIB tokens. The tokens were gifted to Buterin when SHIB was initially deployed. The price of SHIB has increased five times its initial value since May 6, 2021.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 3:24 am

AAPL

DOCU

SWIN

TSLA

The stock market saw a subdued performance on Wednesday, with the Nasdaq marking its third consecutive session of losses. Solowin Holdings Limited saw a surge of 52.00% after its recent IPO. DocuSign’s stock declined by 1.23% despite reporting an 11% YoY increase in Q2 revenue. Block Inc. experienced a drop of 2.78% due to potential slowdown in gross profit growth. Apple’s stock declined by 2.92% due to China's recent ban on iPhones for government officials. Tesla’s stock saw a minor decline of 0.17% as the company gears up for the launch of its Cybertruck.

Portfolio Pulse from Benzinga Neuro

September 08, 2023 | 1:31 am

KRT

Karat Packaging Inc. (NASDAQ:KRT) has priced its secondary offering of 1,000,000 shares at $21.00 per share. The shares are being sold by members of the company's management team. The underwriter has an option to purchase up to an additional 150,000 shares. The offering is expected to close on September 12, 2023. The company will not receive any proceeds from the sale.

Portfolio Pulse from Charles Gross

September 08, 2023 | 12:02 am

NVDA

Nvidia CEO Jensen Huang has sold $42 million in shares, according to new filings. The shares were sold in three blocks, with prices ranging from $466.13 to $497.17. The sales were part of 10b5-1 plans set up by Huang in March 2023, which are predetermined plans that can lock in transaction details. Despite the sale, Huang remains one of the largest shareholders of Nvidia. The company's shares are currently trading at $462.41.

Portfolio Pulse from Chris Katje

September 07, 2023 | 10:36 pm

DHCA

Brand Engagement Network (BEN) is planning to go public on Nasdaq through a proposed business combination with SPAC company DHC Acquisition. The deal implies a pre-money equity value of $250M for BEN and values it at a pro-forma enterprise value and pro-forma equity value of approximately $358 million and $398 million, respectively. The combined company will be listed on Nasdaq under the symbol 'BNAI'.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:36 pm