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EWU

UK manufacturing production for August has decreased by 0.8%, which is worse than the estimated decrease of 0.4%. The previous figure was revised to a decrease of 1.2%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:09 am

EWU

The U.K. industrial production for August has decreased by 0.7%, which is worse than the estimated decrease of 0.2%. The previous month's decrease was revised to -1.1%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:09 am

BTCUSD

ETHUSD

Bricks (BRICK), the native token of Reddit’s Fortnite community, has surged 80% in the past 24 hours following a significant decline of over 75% in value over the past two months. The majority of the trading volume for Bricks occurred on the cryptocurrency exchange Kraken. Bricks is an ERC-20 token distributed to active members of the Fortnite subreddit. The token’s value had experienced a surge in August as excitement surrounding other Reddit community tokens also gained momentum. However, liquidity remains relatively thin across all exchanges.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 6:05 am

TSLA

Morgan Stanley analyst Adam Jonas predicts Tesla's Q3 gross margins to fall to 17.5% and a U.S. GAAP EPS of $0.56, lower than the consensus estimate of $0.65. Jonas notes a cautious sentiment around Tesla's earnings estimates for the last two quarters of 2021. Investors are focusing on the company's forward outlook rather than the result itself. Jonas also mentions a lack of enthusiasm around Tesla's upcoming Cybertruck. If the vehicle's launch is delayed, Tesla might resort to price cuts to maintain demand.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 5:41 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that it has produced 20 million 4680 cells at its Texas gigafactory. The company had previously announced in July that it had produced 10 million cells, implying a production rate of nearly 250,000 cells per month. The 4680 cells, unveiled in September 2020, are expected to enhance the performance of Tesla's vehicles. However, the company has not provided a clear deadline for achieving its proposed targets for the cells.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 5:07 am

EWU

The U.K. RICS House Price Balance for September was reported late Wednesday, showing a decrease to -69% compared to the estimated -63% and the prior -68%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:57 am

BTCUSD

Crypto analyst Zack Voell has noticed a pattern where the reintroduction of McDonald’s McRib sandwich has aligned with bullish trends in the cryptocurrency market. Since 2016, out of the last seven instances, Bitcoin’s price has surged four times following the sandwich’s return. Notably, the most significant returns were witnessed in 2017 and 2021, coinciding with bull rallies in those respective years. Conversely, two instances in 2018 and 2022 saw the sandwich’s return accompanied by significant downturns in Bitcoin’s value.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 4:11 am

F

Ford Motor Co (NYSE:F) is facing a strike at its largest plant in Kentucky, as 8,700 union members walked out demanding better pay and other amenities. The strike, now in its fourth week, has serious consequences for Ford's workforce, suppliers, dealers, and commercial customers. The plant, which generates about $25 billion in revenue annually, produces popular vehicles including the F-Series Super Duty, the Ford Expedition, and the Lincoln Navigator.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 3:21 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of the minutes from the September Federal Open Market Committee meeting. The minutes revealed that a majority of committee members anticipate at least one more rate hike during this cycle. The global crypto market cap currently stands at $1.06 trillion, reflecting a decrease of 1.39% in the past 24 hours. Stocks made modest gains on Wednesday as investors awaited the release of new U.S. consumer inflation data.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 2:47 am

CRSP

DKNG

NTLA

PD

TSLA

Ark Invest, led by Cathie Wood, has sold nearly $10M worth of Tesla Inc shares for the second consecutive day. The shares were sold through the ARK Innovation ETF fund. On the previous day, Ark Invest sold over $8M worth of Tesla shares. Ark Invest also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 2:38 am