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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

BAC

JPM

VFH

XLF

US banks have seen a $100 billion reduction in deposits within three weeks, raising concerns about the health of the nation's financial institutions. A Federal Reserve survey also highlighted risks of renewed deposit outflows and potential destabilization from the commercial real estate sector. This situation could impact banking stocks like Bank of America Corp (BAC) and JPMorgan Chase & Co. (JPM), as well as ETFs like the Financial Select Sector SPDR Fund (XLF) and the Vanguard Financials ETF (VFH).

Portfolio Pulse from Bibhu Pattnaik

October 28, 2023 | 7:33 pm

GLD

Economist Peter Schiff predicts that gold prices may never fall below $2,000 again after a recent spike. He suggests that inflationary pressure will continue to drive gold prices up. The rise in gold prices is seen as a reflection of investors moving away from risky investments amid rising geopolitical tensions. The SPDR Gold Shares (NYSE:GLD) rose 1.16% on Friday.

Portfolio Pulse from Shanthi Rexaline

October 28, 2023 | 6:00 pm

ArcelorMittal (NYSE:MT) confirmed a tragic accident at its Kostenco coal mine in Kazakhstan, resulting in 25 deaths and 21 missing workers. This follows a previous incident in August where four miners were killed. The company is also in the process of transferring the ownership of ArcelorMittal Temirtau to the Republic of Kazakhstan. MT shares closed lower by 0.14% to $22.14 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

October 28, 2023 | 5:17 pm

ARKF

ARKK

ARKW

GBTC

Ark Invest, led by Cathie Wood, sold $6.05 million worth of Grayscale Bitcoin Trust (GBTC) units this week, while Bitcoin rallied about 14%. Meanwhile, Ark Invest added $12.4 million worth of shares in Block, Inc. (SQ), a company with exposure to Bitcoin.

Portfolio Pulse from Shanthi Rexaline

October 28, 2023 | 2:15 pm

BTCUSD

Bitcoin's exchange balances have hit a five-year low, indicating a potential supply shortage in the cryptocurrency market. The available Bitcoin on exchanges has decreased by 2.3 million since April 2018. Matt Weller, the global head of research at Forex.com, suggests that this could lead to a supply shock, driving prices higher at a rapid rate. The potential influence of spot ETFs could also alter Bitcoin's supply and demand dynamics.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 8:55 am

CEPU

Central Puerto (NYSE:CEPU), the largest producer of electric energy in Argentina, has acquired its first photovoltaic technology park, 'Guañizuil II A', from Norwegian companies SCATEC and EQUINOR. The solar farm, the third largest in Argentina, will allow Central Puerto to generate 9.6% of the country's total solar energy and reach a capacity of 475 MW of renewable energy. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:28 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a jump of 11% in its past 7-day trading and 6.7% monthly gains. The trading volume of the token has surged 106.6% in the past 24 hours. Shiba Inu is indicating a potential upswing in the market. The memecoin market has recently witnessed significant interest from whale investor activity. Shiba Inu whales reported $300 million worth of Shiba Inu tokens indicating a bullish sentiment on the memecoin. Shibarium peaked at 3.5 million transactions in just two months since its inception, led by a 493% jump in transactions to 62,570 in the past 24 hours. Bone (CRYPTO: BONE) also surged to a 15% price hike this week.

Portfolio Pulse from Khyathi Dalal

October 27, 2023 | 9:22 pm

TRML

Deep Track Capital, LP has reported an 8.93% stake in Tourmaline Bio as of October 20, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:11 pm

SLRX

Elvin Lee has reported a 6.09% stake in Salarius Pharmaceuticals as of October 23, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:04 pm