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Stock Prices

EWG

Germany's Consumer Price Index (CPI) for October was reported at 3.8%, in line with estimates but lower than the previous month's 4.5%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:01 am

LCID

RIVN

TSLA

Rivian Automotive (RIVN) and Lucid Group (LCID) reported their Q3 results with divergent outcomes. Rivian upgraded its 2023 production guidance from 52,000 to 54,000 units due to robust demand, while Lucid reduced its guidance from over 10,000 units to 8,000-8,500 units due to weakened demand. Both companies are grappling with losses, with Lucid reporting a loss of $630.89 million and Rivian a net loss of $1.37 billion. In after-hours trading, Rivian's stock rose 4.36% while Lucid's fell 4.19%.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 5:58 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, has expressed concerns that current global conflicts, including the war in Ukraine and the conflicts in the Middle East, could lead to a serious global crisis. Despite these concerns, financial markets have remained resilient, with the S&P 500 and global equity markets seeing modest increases. Oil prices also experienced a temporary spike due to fears of Iran being drawn into a broader conflict, but have since returned to pre-escalation levels.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 5:55 am

BTCUSD

DOGEUSD

SHIBUSD

Meme coins Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are experiencing a surge in futures trading activity, driven by the recent increase in Bitcoin’s (CRYPTO: BTC) value. SHIB’s open interest rose by 23% to $61.74 million, while DOGE’s open interest increased by 14.6% to $328 million. This rise in open interest suggests new capital entering the market, with a clear preference for meme coin derivatives. Despite XRP’s price soaring by 18.6%, its open interest only saw a marginal increase of 0.76%, suggesting that its gains were predominantly driven by spot market transactions.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 5:50 am

AMZN

RIVN

Rivian Automotive Inc (RIVN) has announced that its electric delivery vans will now be available for businesses other than Amazon.com Inc (AMZN). The amendment to the Amazon agreement allows Rivian to sell commercial vans to other customers. Amazon, which ordered 100,000 EDVs from Rivian in 2019, currently has over 10,000 Rivian-made vans on the road. However, Rivian expects Amazon to take fewer deliveries in Q4 due to the holiday period. Rivian is also in active discussions with other potential fleet customers.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 5:25 am

TSLA

Tesla CEO Elon Musk explained the company's strategy of cutting prices in the EV market, attributing it to their direct sales model which allows them to react quickly to market sentiment. Tesla started reducing prices across its key markets at the beginning of the year, leading to a price war among EV makers. Despite intermittent price increases, Tesla's vehicles remain cheaper than before the price cuts began.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 4:17 am

BTCUSD

ETHUSD

MATICUSD

Former President Donald Trump's net worth has surged to $3.1 billion, up from $2.6 billion in 2021, according to the Bloomberg Billionaires Index. This increase is attributed to the recent rally in Bitcoin's price and the resilience of Trump's real estate businesses. Trump's cryptocurrency holdings, including ETH, WETH, TRUMP, MATIC, and DUBBZ, have seen a substantial surge of over $15,000 in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 3:41 am

AMC

HOOD

OXY

RIVN

TSLA

U.S. stocks showed a positive trend with the Nasdaq Composite climbing approximately 1% on Tuesday. The top stocks that gained the attention of retail traders and investors throughout the day were Rivian Automotive, Robinhood Markets, AMC Entertainment Holdings, Occidental Petroleum, and Tesla. Rivian and Robinhood saw an increase in their stock prices, while AMC and Occidental Petroleum experienced a decrease. Tesla's stock edged up slightly.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:07 am

BTCUSD

DOGEUSD

ETHUSD

The overall value of the cryptocurrency market capitalization reached a 16-month high, surpassing $1.31 trillion, due to a surge in altcoin rally and positive sentiment in traditional markets. Bitcoin futures Open Interest crossed the $15 billion milestone for the first time since May 2022. Analysts predict that the BlackRock Bitcoin Spot ETF, backed 1:1 by real BTC, will push Bitcoin above $100,000 almost instantly.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 2:44 am

AAPL

Apple Inc. has temporarily halted the development of its software updates, including iOS 18, to focus on debugging and performance enhancement. The decision comes in response to a spike in early version bugs. Despite the pause, Apple plans to maintain its regular release schedule. The company is also navigating a complex landscape of high expectations and market pressures, with its shares trading at a significant premium compared to their 10-year average.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 2:32 am