Biden's New Nuclear Bomb, Bitcoin Rally, Peter Schiff's Gold Warning And More: Top Stories From This Weekend You Shouldn't Miss
Portfolio Pulse from Benzinga Neuro
The Department of Defense plans to develop a new variant of the B61 gravity bomb, signaling a resurgence in US nuclear weapons production. Hertz Global Holdings Inc reported that costs associated with Tesla EVs have negatively impacted the company’s EBITDA. Bitcoin surged over 14% and hit fresh yearly highs at $35,000, despite the Nasdaq’s slump. The U.S. and China are working towards a high-level meeting between President Joe Biden and Chinese leader Xi Jinping. Gold closed the week at $2,016.30 an ounce, up 0.89% from the previous session.

October 30, 2023 | 10:03 am
News sentiment analysis
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POSITIVE IMPACT
Bitcoin surged over 14% and hit fresh yearly highs at $35,000, despite the Nasdaq’s slump.
Bitcoin's surge, despite the Nasdaq’s slump, indicates a strong bullish momentum. This could potentially lead to an increase in the cryptocurrency's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Hertz Global Holdings Inc reported that costs associated with Tesla EVs have negatively impacted the company’s EBITDA.
The costs associated with Tesla EVs, particularly in terms of collision and damage repair, have negatively impacted Hertz's EBITDA. This could potentially lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100