Streetbeat News

Stock Prices

Boeing Co. (NYSE:BA) has halted negotiations with striking workers after failed attempts to reach an agreement, leading to a negative watch on its credit rating by S&P Global Ratings. The strike, now in its fourth week, could result in $10 billion cash outflows in 2024. Additionally, Boeing faces safety concerns with the FAA issuing an alert on potential rudder system jams on Boeing 737 airplanes.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:40 am

ALTM

RIO

Rio Tinto has announced a $6.7 billion acquisition of Arcadium Lithium, a major Tesla supplier, in an all-cash deal. This acquisition positions Rio Tinto as a leader in the lithium market, crucial for the energy transition. Arcadium's shares surged over 30% pre-market, while Rio Tinto's shares dipped slightly.

Portfolio Pulse from Pooja Rajkumari

October 09, 2024 | 10:39 am

CLSD

Clearside Biomedical's ODYSSEY Phase 2b trial of CLS-AX for neovascular age-related macular degeneration achieved its primary and secondary outcomes, maintaining stable visual acuity and anatomical control over 9 months with a positive safety profile. 67% of participants did not require additional treatment for up to 6 months, reducing treatment burden by 84%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:36 am

FXI

SPY

USO

U.S. markets closed higher as tech stocks gained, while China's markets plunged due to profit-taking and lack of new stimulus. European markets edged up slightly, and crude oil prices rose amid Middle East tensions.

Portfolio Pulse from Akanksha Bakshi

October 09, 2024 | 10:32 am

BABA

BIDU

MCHI

SPY

TCEHY

Ray Dalio warns about the complexities of investing in China due to shifting economic policies and government control. Despite recent optimism, Chinese stocks have faced volatility, impacting major indices and tech giants.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:28 am

VSTM

Verastem Oncology will present mature data from its Phase 2 Ramp 201 clinical trial at the International Gynecologic Cancer Society. This presentation is significant as it will be part of a plenary session, indicating the importance of the findings.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:09 am

CCL

DIS

TSLA

Disney World, owned by Walt Disney Co. (NYSE:DIS), is closing early due to Hurricane Milton, which is expected to hit Florida. The closures include major parks and resorts, with refunds offered for prepaid bookings. Other companies like Universal and Tesla are also taking precautions.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:08 am

MRT

Marti Technologies has extended its share repurchase program for six months, allowing the repurchase of up to $2.5 million in shares. The ceiling price for the buyback has been amended from $3.30 to $5.00 per share.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:05 am

ALTM

CTCX

MLEC

PALT

PIK

SAR

Saratoga Investment Corp. (NYSE:SAR) shares rose 7.9% in pre-market trading after reporting better-than-expected earnings. Other notable pre-market movers include Carmell Corporation, WW International, and Arcadium Lithium, with significant gains, while Paltalk, Kidpik, and Moolec Science saw declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 9:32 am

AAPL

MSFT

NVDA

Nvidia is on the verge of surpassing Apple as the world's most valuable company, driven by its strong performance in AI technology. Nvidia's stock has seen significant gains, and it needs a modest increase to overtake Apple's market cap. Market sentiment influenced by Federal Reserve announcements could impact Nvidia's position.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 9:18 am