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ZVRA

Zevra Therapeutics has announced a $60 million public offering of 9,230,770 common shares at $6.50 per share. The offering is expected to close on August 12, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:12 am

FXI

China's Producer Price Index (PPI) for July came in at -0.8% year-over-year, which is slightly better than the estimated -0.9% and matches the prior month's figure. This data could have implications for ETFs with significant exposure to Chinese markets, such as FXI.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:59 am

FXI

China's Consumer Price Index (CPI) for July increased by 0.5% year-over-year, surpassing the estimated 0.3% and the previous month's 0.2%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:58 am

FXI

China's Consumer Price Index (CPI) for July increased by 0.5% month-over-month, surpassing the estimated 0.3% and reversing the prior month's -0.2% decline.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:58 am

HOOD

Memecoins, including Pepe, Dogecoin, and Shiba Inu, saw significant gains as the broader market rebounded. Pepe led the rally with a 10.15% increase, while Dogecoin and Shiba Inu each rose over 5%. The overall memecoin market cap increased by 5.48% to $40.45 billion.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 4:42 am

NVDA

A team of scientists from Beijing has unveiled the Taichi-II chip, the world’s first fully optical AI chip, which surpasses the energy efficiency of NVIDIA's H100 GPU. This breakthrough is significant for China's self-reliance in advanced chip manufacturing amid U.S. trade restrictions.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 4:23 am

BTCUSD

Peter Schiff attributed Bitcoin's recent rally to a vague cryptocurrency announcement by Donald Trump’s sons. Schiff advised selling Bitcoin into the rally, contrasting with the HODL narrative. Bitcoin supporters criticized Schiff's reasoning.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 3:36 am

PLTR

SOUN

TSLA

TTD

U

On Thursday, major U.S. indices closed higher, with the Dow Jones Industrial Average rising nearly 1.8%, the S&P 500 surging 2.3%, and the Nasdaq climbing almost 2.9%. Key stocks that gained attention include Palantir Technologies, SoundHound AI, Unity Software, The Trade Desk, and Tesla. Palantir surged 11.25% due to a partnership with Microsoft. SoundHound AI rose 21.16% after acquiring Amelia and beating revenue estimates. Unity Software increased by 3.09% after beating financial estimates. The Trade Desk climbed 3.96% with strong financial results and high customer retention. Tesla rose 3.69% despite a survey showing declining appeal among younger generations.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 3:28 am

AMZN

GH

HOOD

ZM

Cathie Wood's Ark Invest made significant trades, buying $6.05M worth of Robinhood shares and selling $9.1M worth of Zoom shares. The firm also made smaller trades involving Amazon, Discovery, Guardant Health, and Vertex Pharmaceuticals.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 2:39 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market rebounded sharply on Thursday, reversing losses from earlier in the week. Bitcoin surged by 9.57% to $61,177.40, Ethereum rose by 11.47% to $2,665.47, and Dogecoin increased by 9.93% to $0.1066. The rally led to significant liquidations and improved market sentiment. Analyst Rekt Capital is bullish on Bitcoin, while trader Ali Martinez is optimistic about Ethereum reaching $2,930.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 2:34 am