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The first half of 2023 saw significant tech meltdowns, with Meta Platforms Inc.'s Instagram experiencing a major outage. Elon Musk's X, formerly known as Twitter, maintained relative service stability. Other services like Microsoft Corporation's 365, EA, Alphabet Inc.'s YouTube, Steam, and Spotify Inc. also experienced significant outages. The rivalry between Musk and Zuckerberg intensified following the introduction of Threads, a text-based app launched by Instagram.

Portfolio Pulse from Ananya Gairola

August 29, 2023 | 8:58 am

AAPL

SSNLF

Apple Inc. (NASDAQ:AAPL) is expected to take the lead over Samsung Electronics (OTC:SSNLF) in the smartphone market with its upcoming iPhone 15's design. The new model is rumored to have a front display with incredibly thin bezels, measuring just 1.55 mm, which could make it the world's thinnest smartphone bezel. This is a significant shift from Apple's previous designs, which had larger borders around the screen. The iPhone 15 lineup is expected to launch on September 12.

Portfolio Pulse from Ananya Gairola

August 29, 2023 | 8:37 am

Toyota Motor Corp (NYSE:TM) has halted production in Japan due to a malfunction in the production order system. All 25 lines in Toyota’s 12 vehicle plants in Japan have been out of operation since Tuesday morning. The company is currently working on identifying the cause and restoring the system.

Portfolio Pulse from Anan Ashraf

August 29, 2023 | 8:20 am

AAPL

SSNLF

Apple Inc.'s iPhones accounted for four out of the top five shipped smartphones globally in the first half of 2023, according to data from research firm Omdia. Samsung Electronics Co Ltd.’s Galaxy A14 was the only non-iPhone smartphone in the top five. Despite concerns of a global economic slowdown, Apple managed to increase its shipments to 86.4 million, up from last year's 83.2 million. Apple's share in the top ten smartphone shipments increased to nearly 65% in the first half of 2023 from 59% in the same period last year.

Portfolio Pulse from Rounak Jain

August 29, 2023 | 8:18 am

BBY

HEI

HPQ

NIO

SJM

Wall Street expects Best Buy, HP, NIO, and The J. M. Smucker Company to post their quarterly earnings today. Best Buy and HP shares gained in after-hours trading, while HEICO shares fell despite better-than-expected earnings and sales results for Q3.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 8:13 am

RPT

Keybanc analyst Todd Thomas has downgraded RPT Realty (NYSE:RPT) from Overweight to Sector Weight.

Portfolio Pulse from richadhand@benzinga.com

August 29, 2023 | 8:10 am

TIGR

UP Fintech Holding reported an addition of 29,077 funded accounts in Q2, bringing the total to 840,900. The total account balance increased by 16.2% YoY to $17.3B.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:05 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has announced plans to finance future growth through a reverse stock split and the filing of Registration Statements on Form S-3. The company believes these actions will attract additional investors and support the production ramp of the Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance. The company's common stock began trading on a split-adjusted basis following a reverse stock split of 1-for-80.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:33 am

BIG

Big Lots, Inc. (NYSE:BIG) is expected to report a wider loss for Q2 2023, with analysts predicting a loss of $4.12 per share compared to a loss of $2.28 per share in the same period last year. Revenue is expected to be $1.1 billion, down from $1.35 billion. The company's shares gained 2.5% to close at $6.28 on Monday. Several analysts have recently adjusted their price targets for the company, with Goldman Sachs, Deutsche Bank, Loop Capital, and Piper Sandler all lowering their targets.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 7:29 am

SVA

Alternative Liquidity Index LP has made an unsolicited partial tender offer to acquire up to 10 million shares of Sinovac Biotech Ltd. (NASDAQ:SVA), representing about 10.05% of the company's outstanding shares, for $0.03 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:17 am