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TSLA

The U.S. National Transportation Safety Board (NTSB) has opened an investigation into a crash involving a Tesla Semi truck in California. The incident, which occurred on August 19, involved the truck running off the road and its battery catching fire, causing a traffic standstill. Tesla is currently in pilot production of the Semi, with plans to start full production by the end of 2025.

Portfolio Pulse from Anan Ashraf

August 22, 2024 | 7:09 am

SCHW

TD

Charles Schwab shares dropped over 4% after-hours as TD Bank reduced its stake in the company following a $2.6 billion provision for potential anti-money laundering fines. TD Bank's stake in Schwab decreased from 12.3% to 10.1%.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 6:26 am

CP

Canadian Pacific Kansas City has initiated a lockout of Teamsters Canada Rail Conference members, halting operations of the Canadian rail network. This affects both the Train and Engine division and the Rail Traffic Controller division.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:24 am

BWLP

BW LPG reported a slight decrease in Q2 EPS to $0.58 from $0.59 YoY, but profit after tax increased to $84.9M from $78.2M YoY. The company declared a Q2 2024 cash dividend of $0.58 per share and announced the acquisition of 12 VLGCs from Avance Gas for $1,050 million. BW LPG also completed its redomiciliation to Singapore and noted increased trading volume due to its US listing.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:17 am

TSLA

Tesla has delayed the rollout of its full self-driving (FSD) technology for the Cybertruck to September, according to senior executive Ashok Elluswamy. The initial release will include parking assistance features, with FSD following later. This marks another delay from previous timelines set by CEO Elon Musk.

Portfolio Pulse from Anan Ashraf

August 22, 2024 | 6:00 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for August increased to 54.0 from 53.7 in July, indicating an expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:03 am

SHIBUSD

Shiba Inu's Layer-2 network, Shibarium, celebrates its first anniversary with a significant increase in SHIB's burn rate by 1088%. Shibarium has processed over 418 million transactions, contributing to SHIB's deflationary pressure.

Portfolio Pulse from Aniket Verma

August 22, 2024 | 4:07 am

CRWD

S

CrowdStrike's president, Michael Sentonas, criticized competitors like SentinelOne and Trellix for exploiting a global IT outage to promote their products. The outage, caused by a software update, led to significant disruptions, including flight cancellations by Delta Air Lines. CrowdStrike faces a class action lawsuit, but claims its liability is limited by contracts.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 3:19 am

SNOW

Snowflake's CEO, Sridhar Ramaswamy, downplayed the impact of a recent cyberattack on the company's core business, despite an 8% stock drop following their Q2 earnings report. The company exceeded earnings expectations and raised its full-year product revenue forecast, but concerns over lower operating margins contributed to the stock's decline.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 2:47 am

GOVX

SNOW

TGT

TSLA

ZM

U.S. stocks showed resilience as traders awaited Federal Reserve Chair Jerome Powell's address. Snowflake, GeoVax, Zoom, Target, and Tesla were notable gainers due to various positive developments, including earnings reports and market news.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 2:31 am