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BABA

Alibaba Group Holding Limited (NYSE:BABA) is preparing for a major overhaul under new leadership, with Eddie Yongming Wu set to become CEO in the autumn. The company aims to regain market share lost to emerging online platforms while complying with China's regulatory norms. Jack Ma plans to be more deeply involved, focusing on small and medium-sized Taobao sellers.

Portfolio Pulse from Anusuya Lahiri

June 23, 2023 | 1:40 pm

MARA

Marathon Digital Holdings (MARA) is trading lower by 1.27% to $11.68 as the stock pulls back following Wednesday's strength in crypto names. The cryptocurrency market experienced an upswing driven by favorable developments, including the introduction of EDX Markets, supported by Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 1:39 pm

SPY

Fed's Daly suggests slowing the rate-hike pace due to potential for extra tightening, citing inflation and labor shortages as major concerns from community and business contacts.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:37 pm

MEDS

TRxADE HEALTH's stock was halted on a circuit breaker to the upside, with shares now up 13%.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:34 pm

PIK

Kidpik shares were halted on a circuit breaker to the downside, but the stock is now up 140.1%.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:33 pm

BSVUSD

BTCUSD

ETHUSD

STXUSD

Ethereum (ETH) falls below the key $1,900 mark, while Bitcoin (BTC) trades above $30,000. Bitcoin SV (BSV) is the top gainer, and Stacks (STX) is the biggest loser in the past 24 hours.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 1:33 pm

SPY

Fed's Daly supported the June decision to maintain interest rates, stating that risks of under-tightening vs over-tightening are balanced. Community contacts are concerned about housing hitting bottom and rents reaccelerating.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:32 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly stated in a Reuters interview that two more rate hikes this year are a 'very reasonable' projection, but not certain. She also mentioned it's 'prudent' to slow the pace of policy tightening as the destination nears.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:30 pm

AMLX

The European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a negative opinion on Amylyx Pharmaceuticals' conditional marketing authorization of AMX0035 for amyotrophic lateral sclerosis (ALS). This contradicts positive approvals from the FDA and Health Canada. Amylyx plans to request a formal re-examination of the Marketing Authorization Application procedure.

Portfolio Pulse from Vandana Singh

June 23, 2023 | 1:27 pm

KMX

Carmax Inc's executive stated in a conference call that the overall used car market remains depressed.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:24 pm