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TDCX

TDCX, a global provider of digital customer experience solutions, is expanding its European presence with a new office in Bucharest, Romania. This move is part of the company's strategy to strengthen its global footprint.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:46 am

BTCUSD

VanEck has amended its application for a spot Bitcoin ETF with the SEC. The updated application highlights that a seed capital investor acquired the Seed Creation Baskets, a block of 50,000 shares of the proposed ETF, in October. The spot Bitcoin ETF directly invests in Bitcoin, different from existing ETFs that invest in Bitcoin futures. The application adds to the increasing number of asset managers amending their applications for a spot Bitcoin ETF. The SEC has delayed its decision on several proposals for spot Bitcoin ETFs, but a decision is expected in the coming weeks.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 4:44 am

BTCUSD

ETHUSD

Mark Cuban, billionaire entrepreneur and investor, expressed his belief that cryptocurrencies need a 'killer app' to attract mainstream adoption. He compared the current state of crypto to the early days of the iPhone, which only took off after the launch of popular apps like Instagram and Snapchat. Cuban also mentioned NFTs as a potential catalyst for crypto adoption, but cautioned against buying NFTs solely for speculation. He also revealed that he lost 5 Ethereum (around $8,175) in a cryptocurrency scam in September.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 3:30 am

CYBN

PSIL

TSLA

Psychedelics companies Cybin Inc. and Small Pharma Inc. have completed their acquisition agreement, making Small Pharma a wholly-owned subsidiary of Cybin. The combined company has received two patent grants from the USPTO and one from the European Patent Office. The AdvisorShares Psychedelics ETF has been showing a descending trend in its opening and closing prices. Other psychedelics stocks such as GH Research, COMPASS Pathways, Mind Medicine, Enveric Biosciences, Bright Minds Biosciences, Silo Pharma, Atai Life Sciences, Incannex Healthcare, FSD Pharma, and Cybin Inc. have also seen changes in their closing prices.

Portfolio Pulse from Lara Goldstein

October 30, 2023 | 2:48 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have surged ahead of the Federal Reserve meeting, with optimism surrounding the potential regulatory approval of a spot Bitcoin ETF listing. Bitcoin has shown a significant correlation with U.S. equity markets in recent years, but appears to be decoupling from this trend. The ProShares Bitcoin Strategy ETF (BITO) and the Grayscale Bitcoin Trust (GBTC) have seen significant increases in trading volume, indicating that spot Bitcoin ETFs could attract substantial trading volumes when introduced. Crypto analyst Michael Van De Poppe predicts Bitcoin will hit resistance at $38K, but will likely continue towards $45-50K pre-halving.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 2:42 am

F

GM

STLA

The United Auto Workers (UAW) union has approved a tentative agreement with Ford Motor (NYSE:F) involving $8.1 billion in new plant investments and a $5,000 ratification bonus. The agreement, which will be presented to 57,000 UAW-Ford members for voting, also includes a 25% wage increase over the next few years. Despite the record deal, it fell short of some of the UAW’s initial goals.

Portfolio Pulse from Benzinga Neuro

October 30, 2023 | 2:38 am

BTCUSD

Experts predict a bullish trend for Bitcoin (CRYPTO: BTC) with the expected approval of the long-awaited spot Bitcoin ETF. Kevin O'Leary, a keynote speaker at Benzinga’s Fintech Deal Day & Awards, targets Bitcoin at a hundred thousand dollars, but emphasizes the need for institutional ownership. Alex Krüger, co-founder of Asgard Markets, expects a +20% day move when the ETF is approved. Matt Hougan, CIO of Bitwise Asset Management, predicts U.S.-listed spot bitcoin ETFs will gather $55 billion of net inflows over the next five years.

Portfolio Pulse from Stjepan Kalinic

October 29, 2023 | 9:19 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has warned investors against the conventional approach of investing 60% in bonds and 40% in stocks, predicting it will lead to significant losses in 2024. Instead, he recommends a shift to 75% in gold, silver, and Bitcoin, and 25% in real estate and oil stocks. This comes amid a setback in the equity market and a rise in gold prices. Cryptocurrencies could also see a boost if the SEC approves a spot exchange-traded fund.

Portfolio Pulse from Shanthi Rexaline

October 29, 2023 | 7:41 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has generated significant returns over the years since its inception in 2003. The company's first factory was set up in Fremont, California in 2010, and since then, Tesla has expanded its manufacturing footprint globally. If an investor had invested $1,000 in Tesla stock ahead of the official unveiling of the Fremont factory, they would now have 704.2 shares worth $145,986, a return of roughly 1,450%. Tesla's stock ended Friday’s session up 0.75% at $207.30 and has added 68.3% for the year.

Portfolio Pulse from Shanthi Rexaline

October 29, 2023 | 2:17 pm

AAPL

META

MSFT

Apple Inc. has made several significant developments over the past week, including a $1B investment in generative AI, a major overhaul of its TV app for streaming dominance, and potential product redesigns. The company plans to procure between 2,000 and 3,000 AI servers in 2023, with a significant increase to 18,000 to 20,000 units in 2024. Apple's TV app overhaul includes discontinuing specific apps on the Apple TV box and removing sections for movies and TV shows in the iTunes Store app. Analyst predictions suggest a total MacBook Pro redesign by 2025. The iPhone 15 Pro's ratings have also stirred discussions.

Portfolio Pulse from Benzinga Neuro

October 29, 2023 | 1:44 pm