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JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

AAPL

META

MSFT

QCOM

SPOT

SSNLF

Apple Inc. faced a mixed week with record iPhone 15 sales but criticism over its EU App Store proposal from tech leaders like Meta's Zuckerberg and Microsoft. Elon Musk expressed skepticism about Apple's Vision Pro, while Qualcomm extended deals with Apple and Samsung. A survey indicated a decline in iPhone 15 Pro satisfaction despite high overall sales.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 2:00 pm

AAPL

AMD

MSFT

NVDA

SSNLF

TSLA

This week in AI featured Tesla's plan to buy chips from AMD and Nvidia to boost AI capabilities, Microsoft's CEO Nadella's concerns over AI-generated deepfakes, Elon Musk's tweet increasing OPTI token value, Apple's CEO highlighting AI's role in its future, and Samsung's Galaxy S24 AI features requiring internet. These developments underscore the growing influence of AI across various sectors.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:37 pm

META

Meta Platforms Inc. (NASDAQ:META) has highlighted in its 10K filing the potential business risks associated with CEO Mark Zuckerberg's engagement in combat and extreme sports. The company expressed concerns over the possible incapacitation of Zuckerberg due to these high-risk activities, emphasizing its reliance on key personnel for operations. This warning follows Zuckerberg's known interest in combat sports, including a proposed but not materialized fight with Tesla Inc. CEO Elon Musk.

Portfolio Pulse from Rounak Jain

February 03, 2024 | 9:05 am

META

Meta Platforms Inc. (NASDAQ:META) plans to increase employee bonuses by 1.5 times following a record-breaking fourth quarter in revenue, profits, and user base growth. Despite a 22% reduction in headcount and strict performance reviews, the bonuses will be based on individual performance rankings and paid out in March. Meta's stock reached an all-time high post-results, significantly boosting CEO Mark Zuckerberg's wealth, who is set to receive a $700 million annual payout from Meta's new dividend.

Portfolio Pulse from Ananya Gairola

February 03, 2024 | 4:45 am

SG

Sweetgreen has announced the appointment of Rossann Williams as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:08 pm

GS

Goldman Sachs is restructuring its management by creating two new committees aimed at enhancing oversight in its investment banking and markets divisions. This move is part of a broader strategy to streamline operations and improve efficiency within the company.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:01 pm

PPL

PPL Corporation and its research partners have been selected to negotiate a $72 million award from the U.S. Department of Energy. This funding is aimed at supporting advancements in energy technologies.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:54 pm

TSLA

A Delaware judge voided Tesla Inc's CEO Elon Musk's 2018 compensation plan, leading to considerations of re-incorporating Tesla in Texas. Analyst Daniel Ives views the ruling as perplexing and anticipates Tesla's move to Texas, which could facilitate a new compensation plan for Musk, aiming for 25% voting rights. Ives maintains an Outperform rating on Tesla with a $315 price target. Tesla's shares are currently down, reflecting uncertainty.

Portfolio Pulse from Chris Katje

February 02, 2024 | 7:09 pm

PVSP

Pervasip Corp. (OTCPK: PVSP) is restructuring its cannabis operations, converting $15M in debt into equity in a new subsidiary, aiming for profitability and an OTCQB listing. The move focuses on high-margin branded product sales and reduces debt-to-equity ratios, signaling a strategic shift towards financial health and long-term growth.

Portfolio Pulse from Jelena Martinovic

February 02, 2024 | 6:38 pm