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CRAK

IEO

PSX

Phillips 66 (NYSE:PSX) faces a $604.9 million jury verdict for misappropriating trade secrets from Propel Fuels. The company plans to cease operations at its Los Angeles refinery by Q4 2025, affecting 900 workers. PSX stock has gained 16% over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 12:21 pm

VGK

The European Central Bank (ECB) has reduced its deposit facility rate from 3.5% to 3.25%. This decision may impact European financial markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:18 pm

VGK

The European Central Bank (ECB) has reduced its benchmark refinancing rate from 3.65% to 3.40%. This decision is likely to impact European markets and could influence US-listed ETFs with European exposure.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:16 pm

Blackstone shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Mohit Manghnani

October 17, 2024 | 12:15 pm

LBO

PSP

Blackstone Inc (NYSE:BX) reported strong Q3 results, with revenues slightly beating expectations and significant fund appreciation. The company saw a 10% increase in assets under management, reaching $1.108 trillion, and declared a quarterly dividend of $0.86. Blackstone's stock rose 4.50% premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 12:13 pm

BABA

PNQI

XNTK

Alibaba and JD.com are easing their rivalry by sharing logistics services in response to economic challenges and regulatory pressures. This collaboration allows merchants on Alibaba's platforms to use JD.com's logistics services, marking a shift towards more open ecosystems. The Chinese government is also considering a significant fiscal stimulus to boost the economy.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 12:13 pm

EXPE

EZGO

LCID

NWTN

RIME

In Thursday's pre-market session, several consumer discretionary stocks experienced significant movements. Visionary Holdings (GV) led the gainers with a 31.3% increase, while Lucid Group (LCID) saw the largest decline, dropping 18%. Other notable gainers include Algorhythm Holdings (RIME) and Expedia Group (EXPE), while NWTN and EZGO Technologies were among the losers.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 12:10 pm

ATNF

BDRX

ELV

HCTI

KLTO

MTEM

In Thursday's pre-market session, several healthcare stocks experienced significant movements. Molecular Templates (MTEM) saw a 96.6% increase, while Elevance Health (ELV) dropped by 12.47% following its Q3 earnings report. Other notable gainers include Klotho Neurosciences (KLTO) and Healthcare Triangle (HCTI), while Biodexa Pharmaceuticals (BDRX) and 180 Life Sciences (ATNF) were among the losers.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 12:10 pm

IIIN

NIXX

PIXY

RAYA

STAF

In Thursday's pre-market session, several industrial stocks experienced significant price movements. Notable gainers include Nixxy, Staffing 360 Solutions, and ShiftPixy, with Nixxy seeing a remarkable 240.1% increase. On the losing side, Erayak Power Solution Group and Insteel Industries saw declines, with Insteel's drop linked to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 12:10 pm

AIFF

MYSZ

PHUN

PXLW

TSM

In Thursday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included My Size, Phunware, and Taiwan Semiconductor, while Firefly Neuroscience and Pixelworks were among the losers.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 12:10 pm