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Peter Schiff criticized the July CPI figure as misleading, attributing the modest 2.9% increase to a significant drop in used car prices. He warned that the market, which expects a September rate cut, will crash if the Fed does not deliver. The Core CPI rose by 3.2%, consistent with expectations but still above the Fed's 2.0% target. Mohamed El-Erian also criticized the Fed for not reducing rates in July, while Home Depot's CEO noted that inflation is affecting consumer spending on home renovations.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 2:03 am

ASTI

Trading has been halted for a company at 7:50:00 p.m. ET due to pending news. The halt is likely related to ASTI.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

PRTG

Trading for PRTG was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

HUGE

Trading for the stock symbol HUGE was halted at 7:50:00 p.m. ET due to pending news. Investors are advised to stay alert for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:50 pm

CMCSA

The 2024 Summer Olympics in Paris saw a significant increase in U.S. viewership, with over 30 million viewers. Comcast Corporation (NASDAQ:CMCSA) benefited from this surge, potentially boosting its Peacock streaming platform subscribers. A Benzinga poll revealed that 51% of respondents did not watch any events, while Simone Biles and Steph Curry were highlighted as the most compelling athletes.

Portfolio Pulse from Chris Katje

August 14, 2024 | 10:17 pm

GREE

Greenidge Generation Holdings (NASDAQ:GREE) reported Q2 sales of $13.06 million, missing the analyst consensus estimate of $16.10 million by 18.90%. This represents an 11.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:02 pm

GFR

Greenfire Resources (NYSE:GFR) reported Q2 2024 GAAP EPS of C$0.43, beating the analyst consensus estimate of C$0.30 by 43.33%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:58 pm

QIPT

Quipt Home Medical (NASDAQ:QIPT) reported Q3 2024 GAAP EPS of $(0.04), missing the $(0.01) estimate by 300%. Sales were $63.97M, missing the $65.05M estimate by 1.66%. EPS decreased by 33.33% YoY, while sales increased by 6.11% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:57 pm

JTAI

Jet AI (NASDAQ:JTAI) reported Q2 2024 GAAP EPS of $(0.25), missing the $(0.22) estimate, and sales of $3.08M, missing the $3.21M estimate. Despite the misses, the company showed improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:53 pm

LAC

Lithium Americas reported a net loss of $12.3 million for the six months ended June 30, 2024, compared to a $9.2 million profit in the same period last year. The loss was attributed to a decrease in the fair value of financial instruments and higher administrative and equity compensation expenses following the company's separation transaction in October 2023. The company holds $375.8 million in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:45 pm