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TSM

Taiwan Semiconductor shares are trading higher following reports that the company plans to increase the price of its AI chip production services.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:38 pm

BA

Boeing's Starliner capsule is set to launch NASA astronauts to space for the first time. The launch is scheduled for Wednesday at 10:52 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:34 pm

CCG

XIACF

Cheche Technology Inc. (NASDAQ: CCG) reported a modest 1% year-on-year revenue growth in Q1, despite a 9.2% increase in written premiums and a 20% rise in transactions. The sluggish Chinese car market and intense competition are pressuring pricing and margins. Cheche's partnerships with NEV manufacturers, including Xiaomi and Volkswagen, are crucial for future growth. However, the company faces challenges in improving revenue and margins, with a gross profit margin of just 4.3% and a widened net loss. Cheche's shares have plummeted nearly 95% since its public listing.

Portfolio Pulse from The Bamboo Works

June 05, 2024 | 2:33 pm

ASML

ASML shares are trading higher following reports that the company plans to deliver its latest high-NA extreme ultraviolet chipmaking machines to Taiwan Semiconductor and Samsung Electronics.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:33 pm

SPY

UNG

Gasoline inventories increased by 2.102 million barrels, which is less than the expected build of 2.6 million barrels.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:32 pm

EWC

FQVLF

GFL

IVPAF

The Bank of Canada has cut interest rates by 0.25%, citing easing inflation and slower-than-expected economic growth. This decision led to a rally in Canadian stocks and a drop in the Canadian dollar. The iShares MSCI Canada Index Fund (NYSE:EWC) saw a 0.4% increase, with top performers including GFL Environmental Inc. (NYSE:GFL), First Quantum Minerals Ltd. (OTCPK:FQVLF), and Ivanhoe Mines Ltd. (OTCPK:IVPAF).

Portfolio Pulse from Piero Cingari

June 05, 2024 | 2:31 pm

AAPL

BTCUSD

NVDA

Bitcoin is approaching its all-time high, a US court has struck down the SEC's hedge fund fee disclosure rule, and NVIDIA now has a higher weighting than Apple in the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:31 pm

SPY

UNG

Gasoline inventories increased by 2.102 million barrels, which is lower than the expected build of 2.6 million barrels.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:31 pm

PANW

Whales have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW) with 61% of recent options trades being puts. The price range targeted is $280.0 to $320.0. Analysts have mixed ratings, with price targets ranging from $285 to $380.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:31 pm

ETHUSD

Donald Trump's crypto portfolio has surged to over $30 million, largely due to an airdrop of the meme coin TROG. This development raises questions about the liquidity and market perception of such assets.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 2:31 pm