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VGK

The Eurozone Consumer Price Index (CPI) for August increased by 0.1%, which is below the estimated 0.2% and slightly above the prior month's 0.0%. This indicates a slower-than-expected inflation rate in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:06 am

VGK

The Eurozone Consumer Price Index (CPI) for August was reported at 2.2% year-over-year, matching the estimated figure and showing a decrease from the previous month's 2.6%.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:06 am

VGK

The Eurozone Core Consumer Price Index (CPI) for August remained steady at 2.8% year-over-year, matching expectations and slightly below the previous month's 2.9%.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:01 am

AAPL

SPY

Apple's recent iPhone launch has not significantly impacted its stock price, with early indications showing a potential 10% decline in iPhone 16 sales. Portfolio manager Dan Niles reflects on his short-term stance, citing overestimated AI impact. Despite this, he remains optimistic about long-term growth. Apple's P/E ratio has increased due to AI expectations, but valuation support is questioned. The stock has underperformed compared to the SPDR S&P 500 ETF Trust.

Portfolio Pulse from Shanthi Rexaline

September 18, 2024 | 8:56 am

GBTC

JPM

Jamie Dimon, CEO of JPMorgan Chase, emphasized the bank's significant use of blockchain technology while maintaining skepticism towards cryptocurrencies, calling them a 'pet rock.' JPMorgan's blockchain network, Onyx, has processed over $700 billion in transactions. Despite Dimon's criticism of Bitcoin, JPMorgan has investments in Bitcoin-related ETFs like the Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 8:18 am

BA

Boeing is resuming contract negotiations with its largest union, IAM, after a strike over wage and pension disputes. The strike has disrupted production and led to a hiring freeze and potential furloughs. Boeing's stock has been declining amid these developments.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 7:47 am

SPY

The Federal Reserve's upcoming rate decision has markets and economists divided, with betting markets favoring a 50 basis-point cut, while most economists expect a 25 bps cut. A steeper cut could signal economic trouble, potentially impacting various sectors differently. The SPDR S&P 500 ETF Trust (SPY) is closely watched as it tracks the S&P 500 Index, which historically reacts to rate cuts.

Portfolio Pulse from Shanthi Rexaline

September 18, 2024 | 7:36 am

PTWO

SBC

SBC Medical Group and Pono Capital Two have completed their business combination, and SBC Medical is set to begin trading on Nasdaq under the ticker symbol 'SBC' on September 18, 2024. SBC Medical is a global provider of management services and products to cosmetic treatment centers.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:17 am

CLVT

Clarivate Plc (NYSE:CLVT) has launched Primo Research Assistant, an AI-powered library discovery solution designed to aid students and researchers. The tool offers natural language query support, semantic search, and AI-powered answers with references, enhancing research capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:13 am

RUN

Sunrun has priced $365 million in securitized solar and battery leases, marking its third issuance of 2024. This move is part of Sunrun's strategy to finance its solar and battery installations.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:12 am