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GM

RIVN

TSLA

Tesla's Cybertruck is speculated to weigh less than Rivian's R1T and GM's Hummer EV, according to teardown experts Sandy Munro and Cory Steuben. The Cybertruck's weight is estimated to be around 6,800 pounds, compared to Rivian R1T's weight of over 7,000 pounds and Hummer's 9,000 pounds. The lighter weight is attributed to the Cybertruck's efficient structural battery pack and the absence of a frame. The Cybertruck is expected to boost Tesla's volume when production ramps up in 2024.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 6:35 am

AUDC

AudioCodes (NASDAQ:AUDC) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 52.94% decrease from the same period last year. The company's quarterly sales of $60.20 million missed the analyst consensus estimate of $60.38 million by 0.30%, marking an 11.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:07 am

EWU

The U.K. Nationwide Housing Price Index for July shows a month-on-month decrease of 0.2%, matching estimates, but down from the prior 0.1%. The year-on-year index shows a decrease of 3.8%, also matching estimates, but down from the prior 3.5%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:02 am

BTCUSD

The BALD meme coin, created to mock Coinbase CEO Brian Armstrong, experienced an 89.4% drop in value after the token's deployer removed $25.6 million in liquidity. This tactic, known as a 'rug pull', is common in the crypto world. Blockchain watchers have pointed to former FTX CEO Sam Bankman-Fried as a potential culprit. Bitcoin (CRYPTO: BTC) was trading at $28,923, down 1.41% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 01, 2023 | 5:52 am

CTNT

Cheetah Net Supply Chain Service has announced the pricing of its Initial Public Offering (IPO) at $4 per share, aiming to raise a total of $5 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:45 am

HRYU

Hanryu has announced the pricing of its Initial Public Offering (IPO) at $10 per share, aiming to raise a total of approximately $8.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:33 am

GNW

Genworth Financial has authorized an additional $350 million under its existing share repurchase program. This move is expected to return value to shareholders and shows confidence in the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:09 am

EWA

The Reserve Bank of Australia has decided to keep the interest rate at 4.10%, which is in line with the prior rate but below the estimated 4.35%. This could impact the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 4:31 am

FXI

China's Caixin Manufacturing Purchasing Managers Index (PMI) for July came in at 49.2, lower than the estimated 50.3 and the prior figure of 50.5. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 4:12 am

BBJP

DXJ

EWJ

The yield on Japan's 10-year government bond (JGB) auction rose to 0.594% from the previous 0.428%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 4:12 am