Streetbeat News

Stock Prices

SE

Sea shares are trading lower after the company's Shopee was reportedly accused of suspected anti-competition breaches in Indonesia.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:58 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has paused the mass production of iPhone 16 Pro Max screens due to quality issues, specifically related to a new ultra-thin bezel technology. This delay could impact the anticipated features and Apple's market capitalization projections.

Portfolio Pulse from Rounak Jain

May 28, 2024 | 1:58 pm

SPY

Federal Reserve's Neel Kashkari stated that the U.S. labor market has softened but remains tight. He also mentioned that rate increases are still on the table.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:56 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading slightly higher following the unveiling of the first model of its sub-brand Mona in an undisguised spy photo. The model is set to debut in June with deliveries expected in the third quarter. XPeng had previously announced the acquisition of Didi Global’s EV business and plans to introduce the Mona brand in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:52 pm

IZEA

IZEA Worldwide, Inc. has adopted a limited-duration stockholder rights plan, allowing stockholders to purchase a new series of preferred stock under certain conditions.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:51 pm

RYDE

Ryde Group shares resumed trading but were again halted due to a circuit breaker as the stock plummeted by 28.7%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:49 pm

SINT

SiNtx Technologies shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:49 pm

RYDE

Ryde Group shares were halted on a circuit breaker due to a significant drop, with the stock now down by 19.9%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:48 pm

LKNCY

SBUX

Starbucks Corp's (NASDAQ:SBUX) recent discounting strategies in China have raised concerns among investors about its long-term strategy and market position. Facing stiff competition from local brands like Luckin Coffee Inc (OTCPK: LKNCY) and Manner Coffee, Starbucks has reluctantly entered a price war. The Chinese market's deflationary environment and weak consumer sentiment add complexity to Starbucks's challenges, risking brand dilution and profit margin erosion.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 1:48 pm

KSA

SPY

Saudi Arabia plans to raise $10 billion to $20 billion through a fresh sale of Aramco stock. This move could impact the broader market, including ETFs like KSA and SPY.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:47 pm