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INDA

India's Wholesale Price Index (WPI) inflation for July was reported at -1.36%, better than the estimated -2.70% and the prior figure of -4.12%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 6:30 am

CLF

X

United States Steel Corp. (NYSE:X) has rejected a buyout offer from Cleveland-Cliffs Inc. (NYSE:CLF) but invited the latter to participate in a formal review process. Cleveland-Cliffs had offered to buy all outstanding shares of U.S. Steel for $35 per share, a 42% premium on the latter's trading price. However, U.S. Steel CEO David Burritt stated that the board could not agree to the proposal without conducting due diligence. KeyBanc Capital Markets analyst Philip Gibbs believes the deal is less likely to close without meaningful concessions.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 6:26 am

FFIE

Faraday Future Intelligent Electric (NASDAQ:FFIE) is preparing to deliver its first FF 91 2.0 Futurist Alliance. The company has completed all necessary processes prior to vehicle delivery. The first user to take delivery of the vehicle is from Private Collection Motors. The FF 91 2.0 Futurist Alliance was launched in May and is priced at $309,000. Deliveries were initially expected to start by the end of the second quarter but were delayed to August due to supplier’s timing constraints and additional safety testing.

Portfolio Pulse from Anan Ashraf

August 14, 2023 | 4:57 am

BTCUSD

DOGEUSD

Billy Markus, co-founder of Dogecoin, criticized Bitcoin maximalists for their marketing approach, referring to them as 'insecure losers'. Bitcoin maximalists are individuals who believe in the superiority of Bitcoin over other digital assets and advocate for its exclusive adoption. Dogecoin, created by Markus and Jackson Palmer, was intended to be a more accessible and user-friendly alternative to Bitcoin. At the time of writing, DOGE was trading at $0.074, down 2.24% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 4:38 am

AAPL

Ahead of the iPhone 15 release, Apple Inc. (NASDAQ:AAPL) iPhone 14 and 14 Pro users are reporting unexpected battery degradation, reminiscent of the 2017 'batterygate' controversy. Users have taken to social media to express concerns over rapidly diminishing battery capacities within a year of purchase. Tech experts suggest that the issue could be linked to glitchy software that demands more frequent charging. Apple's official guideline states that iPhone batteries should retain up to 80% of their original capacity after 500 complete charge cycles. The upcoming iPhone 15 series is expected to come with larger battery sizes.

Portfolio Pulse from Ananya Gairola

August 14, 2023 | 3:55 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a downward trend amid lackluster trading activity. Bitcoin has struggled to maintain a steady price above $30,000 in recent months. The global cryptocurrency market capitalization stands at $1.17 trillion, a 0.49% decrease in the last day. Analyst Michael Van De Poppe predicts upward momentum for Bitcoin in the near future, while another analyst suggests that the current phase of low volatility will lead to future expansion.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 2:54 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced prices for some Model Y versions in China by approximately $1,934. The company also announced a limited-time insurance subsidy for inventory Model 3 rear-wheel drive vehicles. This follows CEO Elon Musk's warning last month that the company may further cut prices on its vehicles.

Portfolio Pulse from Anan Ashraf

August 14, 2023 | 2:29 am

TSLA

Drone footage has revealed nine vehicles, similar to Tesla's Cybertrucks, parked outside the Texas Gigafactory, suggesting a possible production batch test run. This, along with sightings of Cybertrucks in New Zealand and California, indicates that Tesla may have ramped up its production. The company is expected to unveil a limited number of Cybertrucks at a delivery event in late September, with initial deliveries likely to be exclusive to employees and company insiders.

Portfolio Pulse from Benzinga Neuro

August 14, 2023 | 2:20 am

AMZN

NVDA

SFTBY

Softbank is reportedly in talks to buy a 25% stake in Arm from its Vision Fund. This move could potentially impact other investors who have been waiting for years.

Portfolio Pulse from Charles Gross

August 13, 2023 | 11:29 pm

CLF

X

Cleveland-Cliffs Inc. (CLF) has publicly announced a previously private offer to acquire U.S. Steel Corporation (X) for $17.50 per share in cash and 1.023 shares of CLF stock, valuing the deal at $35 per share. This offer represents a 43% premium to U.S. Steel's share price. However, the offer was rejected by the Board of Directors of U.S. Steel as being 'unreasonable'.

Portfolio Pulse from Charles Gross

August 13, 2023 | 11:23 pm