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FFIE

Faraday Future executives, including CEO Matthias Aydt and Founder YT Jia, have purchased over 10,000 shares of the company's Class A common stock, totaling approximately $36,000.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:02 am

XRPUSD

The SEC has appealed a 2023 ruling in its legal battle against Ripple Labs, which had dismissed broader claims about XRP sales. The appeal aims to overturn a decision that deemed XRP sales to retail clients as legal. Ripple's executives criticized the SEC's move, calling it an embarrassment. The appeal coincides with Bitwise Asset Management's filing for the first-ever XRP ETF in the U.S. XRP's price dropped over 10% following the news.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 5:42 am

BBJP

DXJ

EWJ

The recent Japan 10-Year JGB auction yield was reported at 0.871%, down from the previous 0.915%. This change in yield could impact ETFs with exposure to Japanese bonds and equities, such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:36 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for September was reported at 53.1, below the estimated 53.9 and the prior 53.7. This indicates a slower expansion in Japan's services sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:34 am

SOL

Edward Snowden's claims about Solana's centralization have been challenged by Mert Mumtaz, CEO of Solana-based Helius. Mumtaz argues that Solana's network is decentralized and invites Snowden to a debate. The discussion has sparked interest in Solana's potential and its native token SOL.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 3:39 am

LUV

Rakesh Gangwal, a director at Southwest Airlines, invested over $100 million in the company amid pressure from Elliott Management for leadership changes. Gangwal opposes further leadership alterations, despite Elliott's push for a management overhaul. Southwest announced a $2.5 billion share repurchase program, reflecting a focus on shareholder value.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 3:37 am

NVDA

Nvidia's CEO Jensen Huang announced that the demand for the next-gen Blackwell GPU platform is extremely high. The Blackwell chips, set to launch in the fourth quarter, are expected to significantly outperform previous models and generate substantial revenue. Despite previous delays, analysts remain optimistic about Nvidia's future.

Portfolio Pulse from Ananya Gairola

October 03, 2024 | 3:23 am

LEVI

Levi Strauss & Co (NYSE:LEVI) is considering selling its Dockers brand to focus on its core Levi's brand and Beyond Yoga line. This strategic shift follows a 10% drop in Levi's shares after the announcement. Dockers' sales declined by 15% in Q3, contributing only 5% to Levi's total revenue, which missed expectations. Levi Strauss aims for mid-single-digit revenue growth in Q4, below estimates due to Dockers' weakness and reduced consumer spending in China.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 3:16 am

CLOV

JOBY

NVDA

PLTR

TSLA

Nvidia, Palantir, Clover Health, Joby Aviation, and Tesla are in focus due to recent stock movements and news. Nvidia's partnership with Accenture boosts its stock, while Palantir's stock rises after Peter Thiel's share sale. Clover Health and Joby Aviation see significant gains due to social media traction and Toyota's investment, respectively. Tesla's stock drops despite exceeding delivery expectations.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 2:42 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower due to geopolitical tensions between Iran and Israel. Despite the market's fear sentiment, some traders remain bullish on Bitcoin, while others predict potential further declines.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 2:38 am