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UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) has expanded its Flight Training Center in Denver with a new 150,000-square-foot building, increasing its pilot training capacity. The expansion allows for training up to 240 additional pilots per day, supporting the airline's growth and its plan to add a significant number of new aircraft to its fleet. United has hired over 2,300 pilots in 2023 and plans to restart direct flights to Israel in March, being the first U.S. carrier to do so since the Gaza war in October. The airline's shares closed higher by 2.75% to $45.26.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 10:58 am

BTC

DOGE

SHIB

TRUMP

The MAGA meme coin (CRYPTO: TRUMP) experienced a 20% increase in value, surpassing the growth of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which both rose by 2%. This surge followed former President Trump's softened stance on Bitcoin (CRYPTO: BTC), acknowledging its growing acceptance in commercial transactions. MAGA, launched on August 11, 2023, aims to 'Make Crypto Great Again' without any official ties to Trump.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 10:07 am

EWG

The Germany Ifo Business Climate Index for February was reported at 85.5, aligning with the estimates and showing a slight increase from the prior value of 85.2. This indicates a marginal improvement in the business climate in Germany.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:38 am

EWG

Germany's current assessment for February was reported at 86.9, slightly above the estimated 86.7, and equal to the revised prior figure of 86.9.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:37 am

GM

General Motors Co's (NYSE:GM) self-driving car unit, Cruise, is set to resume robotaxi testing in Texas with safety drivers in the coming weeks, following a suspension due to a pedestrian accident. Despite a reported operating loss of $3.48 billion in 2023, GM remains committed to Cruise, planning to reduce spending but continue investing in self-driving technology.

Portfolio Pulse from Anan Ashraf

February 23, 2024 | 9:02 am

KYN

Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) has entered into a new $135 million unsecured revolving credit facility, maturing on February 20, 2025. This new facility replaces their previous $175 million facility that was set to mature on February 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 8:03 am

BSX

Boston Scientific Corporation (BSX) announced its finance subsidiary, American Medical Systems Europe B.V., has priced a public offering of €750M 3.375% notes due 2029 and €1.25B 3.500% notes due 2032, fully guaranteed by BSX. The offering is under a registration statement filed with the U.S. SEC.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:35 am

T

TMUS

VZ

AT&T (NYSE:T) experienced a nationwide service outage affecting calls, texts, and data, including 911 access, which was resolved within a day. The outage, caused by an internal error and not a cyber attack, impacted users across the U.S. The FCC is investigating the incident, and AT&T is taking steps to prevent future occurrences. Other carriers like Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS) were unaffected.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 7:33 am

AMZN

GOOGL

MSFT

Saudi Arabia's Public Investment Fund (PIF) is positioning the kingdom as a potential AI hub outside the U.S., leveraging its energy resources and funding capabilities. The announcement was made by Yasir Al-Rumayyan at an investment event in Miami. Saudi Arabia plans to use its position as a global leader in energy and its financial resources to support AI projects, with PIF allocating over 70% of its funds domestically and 20%-25% internationally, aiming to increase its annual fund deployment to $70 billion by 2025-2030. This move aligns with Saudi Arabia's strategy to attract global tech giants and invest in AI infrastructure, despite financial strains.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 7:11 am

BTCUSD

NVDA

Peter Schiff highlighted Nvidia's market cap gain of $277 billion after an earnings report, comparing it to the total worth of the top 85 gold mining firms. Schiff, a gold advocate, criticized tech stocks and Bitcoin, sparking debates on investment logic. Nvidia's stock soared 16.4%, making it the fourth-largest company by market cap. Schiff also expressed skepticism about Bitcoin ETFs and potential market manipulation.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 6:54 am