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HE

Hawaiian Electric (HE) is facing multiple lawsuits alleging negligence over Maui fires. The company is exploring options to address the financial and legal challenges arising from these fires, according to sources.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:42 pm

HE

Shares of Hawaiian Electric Industries (HE) have been halted due to a circuit breaker. The halt is a mechanism used to prevent extreme volatility in a stock's price.

Portfolio Pulse from Charles Gross

August 16, 2023 | 7:42 pm

DBGI

Digital Brands Group shares are trading higher without any company-specific news.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:41 pm

DBGI

Shares of Digital Brands Group (DBGI) have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:35 pm

SPY

The market on close imbalance is leaning towards the buy-side with $285M. This could potentially impact the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:34 pm

IEF

Former U.S. treasury secretary Lawrence Summers predicts that 10-year yields could rise to 4.75% or higher in the next decade due to factors such as inflation, government borrowing needs, and term premium. He also anticipates a robust economy in the short term but does not rule out a possible recession in 2024. Following the release of July's FOMC minutes, 10-year U.S. Treasury yields rose to 4.26%, the highest since September 2007. The iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) declined 0.3%.

Portfolio Pulse from Piero Cingari

August 16, 2023 | 7:33 pm

DBGI

Shares of Digital Brands Group (DBGI) were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 120.7%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:30 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 15 years by 1.14% on an annualized basis, producing an average annual return of 9.73%. If an investor had bought $1000 of HON stock 15 years ago, it would be worth $4,048.73 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 7:30 pm

PSFE

Top analysts from RBC Capital, Susquehanna, BMO Capital, and Credit Suisse have given mixed signals on Paysafe Ltd (NYSE:PSFE). While RBC Capital and Susquehanna maintained their ratings and raised their price targets, BMO Capital lowered its price target despite maintaining its rating. Credit Suisse reiterated Paysafe as an Underperform and raised the price target. The analysts acknowledged Paysafe's growth trajectory, improved retention rates, and steady growth in engagement. However, PSFE shares were trading lower by 5.29% at $13.87 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 7:28 pm

SNAP

Snap Inc. (NYSE:SNAP) shares are trading lower after the company's MyAI chatbot experienced an outage and posted stories for some users. The stock was up nearly 50% from the beginning of the year in mid-July, but third-quarter earnings results sent the stock lower. SNAP remains up 3.01% year-to-date.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 7:24 pm