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KIMTF

TSLA

Kia has showcased its latest electric SUV, the EV5, which is expected to compete with Tesla's Model Y. The EV5, targeting a starting price of approximately $22,000, will be launched in China on Nov. 17, with exports to other markets to follow. Kia aims for 1.6 million EV sales globally by the end of the decade.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 4:36 am

ARK

ETHUSD

Ethereum whales have reportedly purchased approximately 260,000 ETH, valued close to $425 million, within the last 24 hours. This large-scale buying activity comes during a pivotal time for Ethereum, as Cathie Wood-led Ark Invest, in collaboration with 21Shares, lodged a proposal to the Securities and Exchange Commission for an Ethereum ETH/USD-based ETF, named ARK 21Shares Ethereum ETF. The ETF is designed to provide investors with direct access to Ethereum and is set to be listed on the Cboe BZX Exchange.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 4:08 am

FXI

China's trade balance for August was reported at $68.36B, lower than the estimated $73.90B and the prior figure of $80.60B.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 3:57 am

FXI

China's year-on-year exports for August fell by 8.8%, which is better than the estimated 9.2% and the previous 14.5%. Similarly, imports decreased by 7.3%, also better than the estimated 9% and the previous 12.4%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 3:57 am

EWA

Australia's trade balance for July was reported at 8.039B, lower than the estimated 10B and the revised prior figure of 10.268B.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 3:54 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin remained largely flat on Tuesday as the global cryptocurrency market cap rose slightly by 0.4% to $1.04 trillion. The Financial Accounting Standards Board (FASB) has unanimously decided to endorse regulations for the accounting of fair values associated with companies’ cryptocurrency holdings, effective from 2025. Meanwhile, the dollar index rose to 104.84, unnerving investors. Cryptocurrency trader Michaël van de Poppe advised investors to 'just survive this month' and predicted a positive outlook for Bitcoin and Ethereum.

Portfolio Pulse from Shivdeep Dhaliwal

September 07, 2023 | 2:51 am

AAPL

AMC

GME

PFE

TSLA

US stocks experienced a downward trend with Dow Jones declining by 0.57% and NASDAQ by 1.06%. The stocks that gained attention were GameStop, Apple, Pfizer, Tesla, and AMC. GameStop shares declined by 2.50% despite a Q2 net sales increase of 2.5%. Apple's shares decreased by 3.58% following China's ban on iPhones for government officials. Pfizer's stock declined by 2.85% after UK regulators approved an updated COVID-19 vaccine. Tesla shares dropped by 1.78% despite a 9.4% YoY increase in China sales. AMC shares plummeted by 36.80% after announcing an agreement to sell up to 40 million shares.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 1:45 am

FOX

FOXA

RUM

Former President Donald Trump continues to dominate election polls for the 2024 GOP nomination, with a recent poll showing a 45-point lead. Despite skipping the first Republican primary debate and facing multiple indictments, Trump's support remains strong. The poll also showed a drop in support for biotech entrepreneur Vivek Ramaswamy, while Ron DeSantis and Nikki Haley maintained their positions. The second Republican primary debate will be aired on Fox Corporation's Fox Business and livestreamed on Rumble Inc.

Portfolio Pulse from Chris Katje

September 06, 2023 | 11:22 pm

BMY

PFE

Shares of Pfizer Inc. (PFE) are trading near their 52-week low due to concerns over President Joe Biden’s Inflation Reduction Act, which allows Medicare to negotiate the price of some prescription drugs. However, Cantor Fitzgerald analyst Louise Chen believes the impact of the act on Pfizer's drugs will not be significant in the short term. She reiterated an Overweight rating on Pfizer with a $75 price target, indicating a potential 117.99% upside for the stock. Bristol-Myers Squibb Co (BMY) is also mentioned as they co-sell a drug with Pfizer that is on the negotiation list.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 10:37 pm

BTCUSD

ETHUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has unveiled its layer-2 solution, Shibarium, to address scalability concerns of Ethereum (CRYPTO: ETH). The goal is to reach a $1 value, which would require a market cap of $589.59 trillion, a highly improbable feat. SHIB would need to grow by 13.16 million percent to achieve this. Currently, SHIB is trading at $0.000007656, up 1.97% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 06, 2023 | 10:00 pm