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Corporate Responsibility

AAPL

Edward Snowden expressed concerns about children's screen time and shared his personal struggle with internet addiction during his teenage years. He highlighted the challenge of managing screen dependency and reflected on his own extreme measures to stay online despite physical pain. Snowden's comments underscore the balance between recognizing technology's potential and cautioning against its risks, especially for children.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 1:58 am

SAN

Santander is reducing its workforce by approximately 300 positions in its US branches as part of a strategic shift towards digital banking, according to Bloomberg. This move reflects the bank's adaptation to changing consumer preferences and the increasing demand for digital banking services.

Portfolio Pulse from Charles Gross

March 03, 2024 | 9:15 pm

GOOG

Alphabet Inc's Google is facing calls for CEO Sundar Pichai to step down amid concerns over its pace of innovation, especially in AI. Analysts like Ben Thompson and Mark Shmulik suggest a leadership change might be necessary for Google to navigate the AI era effectively. Despite Pichai's success in growing Google's market cap significantly, recent missteps and the tech industry's rapid shift towards AI have led to debates about the company's future direction and leadership. Gartner predicts a 25% drop in traditional search volume by 2026 due to AI, highlighting the urgency for Google to adapt.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 11:56 pm

AAPL

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GOEV

KARS

TSLA

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

AAPL

CVNA

DIS

GOOG

Benzinga's weekly review highlights market movements, with the Nasdaq and S&P 500 seeing gains, while the Dow slightly declined. Bitcoin surpassed $60,000, anticipating the halving event. Bullish views include Ackman's confidence in Alphabet for its AI and advertising, optimistic forecasts for Dogecoin and Shiba Inu, and predictions of Bitcoin reaching $200,000. Bearish perspectives involve Goldman Sachs removing Apple from its Conviction List, criticism of Disney by Gov. DeSantis, and a short report on Carvana questioning its valuation.

Portfolio Pulse from Michael Cohen

March 02, 2024 | 2:02 pm

TSLA

Tesla Inc CEO Elon Musk is conflicted daily between driving his Model S sedan or the stainless steel Cybertruck. The Model S is equipped with Tesla's full self-driving (FSD) software, unlike the Cybertruck, which lacks several driver assistance functionalities. Musk has praised the Model S for its features and called it his favorite car to drive, while he describes the Cybertruck as a 'truly special product' with 'insane technology.' However, Musk noted that the Cybertruck is the lowest priority for FSD software due to its limited presence on the roads compared to other Tesla models.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 11:01 am

MSFT

TSLA

Elon Musk has filed a lawsuit against OpenAI and its CEO Sam Altman, accusing them of deviating from the company's original non-profit goals towards profit orientation, primarily to benefit Microsoft, which has invested $13 billion in OpenAI. The lawsuit reveals past communications where Altman valued Musk's involvement in recruiting talent and setting the company's direction.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 9:54 am

Toyota Motor North America's CEO, Ted Ogawa, predicts battery electric vehicles (BEVs) will make up about 30% of the U.S. new-vehicle market by 2030, half of the EPA's target. The company plans to align its strategy with consumer demand, even if it means buying credits to meet regulations. Toyota faces criticism for its diversified fuel strategy and concerns about competition from Chinese automakers entering the U.S. market through Mexico.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 5:46 am

AAPL

IBIT

MSFT

NYCB

QQQ

SPY

Stock markets rose further with the Nasdaq 100 and S&P 500 hitting record highs, driven by favorable inflation data and strong corporate earnings. Bitcoin surpassed $60,000, while New York Community Bancorp's stock plummeted due to internal turmoil. Elon Musk sued OpenAI, alleging a shift towards profit generation for Microsoft. Bitcoin ETFs experienced record inflows, and Goldman Sachs dropped Apple from its conviction list but maintained a 'Buy' rating.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 9:35 pm

MSFT

Toys For Bob, known for creating Crash Bandicoot 4 and the Spyro remastered collection, announced its departure from Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), to pursue independent development. Despite the optimistic outlook and support from Activision and Microsoft, the studio has not revealed any specific plans for future projects. This move comes after recent layoffs and challenges, including the discontinuation of updates for Crash Team Rumble.

Portfolio Pulse from Franca Quarneti

March 01, 2024 | 9:28 pm