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GOOG

GOOGL

Alphabet Inc. (GOOGL, GOOG) is investing $2.3 billion in Ohio to expand its data centers and technical infrastructure, reinforcing Ohio's status as a tech hub. This investment is part of a broader trend of tech companies enhancing their AI and cloud capabilities.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 2:06 am

FSRN

Marques Brownlee, a prominent tech YouTuber, expressed his disappointment over Fisker Inc.'s bankruptcy, highlighting the need for more competition in the electric vehicle sector. Fisker, a California-based EV manufacturer, filed for Chapter 11 bankruptcy with assets ranging from $500 million to $1 billion and liabilities between $100 million to $500 million. The company had been struggling financially, leading to delisting from the NYSE, failed investment talks, and layoffs.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 1:33 am

SPY

UNG

USO

The American Petroleum Institute (API) reported a build in crude oil stocks of 2.264 million barrels, a draw in gasoline stocks of 1.077 million barrels, a build in distillate stocks of 538,000 barrels, and a build in Cushing stocks of 524,000 barrels.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:36 pm

DLA

Delta Apparel is exploring the potential sale of its Salt Life business and evaluating strategic options. The company approved the DTG2Go exit plan due to market, operational, and liquidity challenges, including the loss of its largest customer. Delta Apparel's deteriorating liquidity is preventing it from purchasing raw materials and paying employee compensation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:22 pm

DLA

Delta Apparel announced that the final costs and cash expenditures related to its DTG2Go exit plan will not be known until all related activities are completed.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:20 pm

MOD

Modine Manufacturing has approved the termination of its frozen pension plan as of June 13.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:20 pm

ADAUSD

Cardano (ADA) has experienced a significant price drop of 10.63% in the past 24 hours, continuing a week-long decline of 13.0%. The trading volume has decreased by 1.0%, while the circulating supply has increased by 0.9%. Cardano's market cap is currently ranked #11 at $13.18 billion.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 7:01 pm

AAPL

NVDA

A major technology ETF is rebalancing its portfolio, significantly increasing its holdings in Nvidia (NASDAQ: NVDA) from 6% to 21% while reducing its stake in Apple (NASDAQ: AAPL) from 22% to 4.5%. This involves purchasing $11 billion worth of Nvidia shares and selling $12 billion worth of Apple shares. Nvidia's stock has surged 164% year-to-date, but potential volatility is anticipated.

Portfolio Pulse from Zaheer Anwari

June 18, 2024 | 5:39 pm

BTCUSD

ETHUSD

FTMUSD

MATICUSD

SOLUSD

VRAUSD

Crypto analyst Michaёl van de Poppe shared his experience of going all-in on altcoins, only to see them crash. Despite the downturn, he remains optimistic, drawing parallels with past market cycles. He believes a market reversal is imminent, potentially spurred by the approval of an Ethereum ETF.

Portfolio Pulse from Khyathi Dalal

June 18, 2024 | 3:41 pm

GWAV

Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) shares are trading higher after the company announced the completion of its recapitalization, strengthening its balance sheet by $80.5 million and achieving a cash balance of over $26 million. The company projects revenue exceeding $40 million in 2024 and plans to expand its technology platform and AI development.

Portfolio Pulse from Erica Kollmann

June 18, 2024 | 3:37 pm