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ADTN

Adtran (NASDAQ:ADTN) reported Q2 2024 adjusted EPS of $(0.24), missing the $(0.09) estimate by 166.67%. However, sales of $225.991M slightly beat the $225.875M estimate. This represents a 30.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:19 am

EWA

The Reserve Bank of Australia has decided to keep the interest rate unchanged at 4.35% for August. This decision may impact various financial instruments, including the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:55 am

BBJP

DXJ

EWJ

The recent Japan 10-Year JGB auction yielded 0.926%, down from the previous 1.091%. This change in yield could impact ETFs with significant exposure to Japanese bonds and equities.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:54 am

BBJP

DXJ

EWJ

Japan's building approvals for June decreased by 6.5% month-over-month, matching the estimated decline but significantly worse than the 5.5% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:53 am

BBJP

DXJ

EWJ

Japan's household spending for June decreased by 1.4% year-over-year, which is worse than the estimated -0.9% and the prior -1.8%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:53 am

BBJP

DXJ

EWJ

Japan's household spending for June increased by 0.1% month-over-month, falling short of the estimated 0.2% and showing a slight improvement from the prior -0.3%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:52 am

EWU

The U.K. BRC Retail Sales Monitor for July reported a year-over-year increase of 0.3%, matching the estimated growth and improving from the prior month's -0.5%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:52 am

AMD

GOOGL

NVDA

PLTR

TSLA

On Monday, significant declines hit U.S. and Japanese markets due to concerns over a slowing U.S. economy, sparking a global sell-off. The Dow Jones Industrial Average fell 2.6%, while the S&P 500 and Nasdaq Composite also faced substantial losses. Japanese stocks experienced their biggest one-day drop since 1987. Key stocks on investors' radars included Palantir, Alphabet, Nvidia, AMD, and Tesla, with varying impacts on their share prices.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 4:10 am

NVDA

Nobel laureate Paul Krugman ridiculed Bitcoin's store of value narrative, comparing its volatility to NVIDIA Corp. (NASDAQ: NVDA). Krugman highlighted the growing correlation between Bitcoin and technology stocks, questioning Bitcoin's 'digital gold' thesis. Bitcoin was trading at $55,791.75, up 2.55%, while NVIDIA shares ended 6.36% down at $100.45.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:48 am

BTCUSD

Economist Peter Schiff criticized Senator Cynthia Lummis' proposed legislation to establish a U.S. Bitcoin reserve, arguing it would lead to inflation. The bill aims to purchase 1 million Bitcoin, funded by the Federal Reserve printing more money. Schiff and other economists argue that Bitcoin's volatility makes it unsuitable as a reserve asset.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:35 am