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JPM

Jamie Dimon, CEO of JP Morgan Chase & Co. (NYSE:JPM), has raised concerns about the U.S. fiscal deficit, which has reached $1.9 trillion in 2024, amounting to over 6% of GDP. Dimon emphasized the need for immediate action to address the deficit to avoid severe economic repercussions and maintain global economic stability.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 8:27 pm

BIDU

Appaloosa LP has significantly increased its stake in Baidu Inc by 1.18 million shares, representing a 188% increase, bringing its total holdings to 1.8 million shares valued at $189.50 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:26 pm

PDD

Appaloosa LP has significantly increased its stake in PDD Holdings Inc by 1.33 million shares, a 171% increase, bringing its total to 2.1 million shares valued at $244.13 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:26 pm

CB

Chubb shares are trading higher after a 13F filing revealed that Berkshire Hathaway purchased 25.92 million shares of the stock.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:26 pm

OCX

OncoCyte (NASDAQ:OCX) reported Q1 2024 GAAP EPS of $(1.13), missing the $(0.67) estimate by 68.66%. Sales were $176.000K, missing the $350.000K estimate by 49.71%. This represents a 237.8% decrease in EPS and a 40.74% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:25 pm

ORCL

Appaloosa LP has significantly increased its stake in Oracle Corp by 975,000 shares, a 74% increase, bringing its total holdings to 2.3 million shares valued at $288.90 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:25 pm

RZLT

Rezolute (NASDAQ:RZLT) reported a Q3 2024 GAAP EPS of $(0.34), missing the analyst consensus estimate of $(0.30) by 13.33%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:25 pm

BABA

Appaloosa LP has significantly increased its stake in Alibaba Group Holding Ltd by 6.9 million shares, representing a 159% increase, bringing its total holdings to 11.25 million shares valued at $814.05 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:25 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Cryptocurrency markets are trading higher following positive consumer price inflation data. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant gains. Despite the rise, Bitcoin's large transaction volume and daily active addresses have fallen. Notable developments include Vanguard appointing a new CEO and Circle relocating to the US.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 8:24 pm

AIRI

Air Industries Group has projected its FY24 net sales to be at least $50 million, which is below the estimated $53 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:24 pm