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GLD

Cathie Wood of Ark Investment Management has expressed concerns about bond yields and the current monetary policy. She believes the economy is in a 'rolling recession' and expects long-term interest rates to drop below 2%. Wood also noted that the U.S. federal deficit is at about 6% of nominal GDP and suggested that rapid growth, similar to the 80s and 90s, could help contain the deficit. The SPDR Gold Shares (NYSE:GLD) ended Friday’s session up 0.36% at $184.79.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 7:46 am

JPM

TSLA

Prominent figures in the financial world, including Elon Musk, Chamath Palihapitiya, Jamie Dimon, and Steve Eisman, have expressed their views on the current financial situation. Palihapitiya criticized the U.S. Treasury's borrowing plans, a sentiment echoed by Musk. Dimon commented on the Federal Reserve's rate decisions, while Eisman decided not to buy bonds due to the uncertain economic stance of Federal Reserve Chairman Jerome Powell. Peter Schiff disputed Powell's view on inflation, and Stanley Druckenmiller criticized Treasury Secretary Janet Yellen's decisions.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 12:22 pm

BABA

BTCUSD

DIS

MSFT

NVDA

TSLA

Wall Street saw robust gains last week, with the Dow, S&P 500, and Nasdaq posting strong performances. The Federal Reserve maintained the interest rate range at 5.25% to 5.5%. Microsoft is expected to see a significant revenue increase with the launch of M365 Copilot. Michael Saylor advocates for investment in Bitcoin. Alibaba could benefit from China's ACCEL chip, which reportedly outperforms Nvidia's AI chips. Disney faces potential boardroom changes due to activist investor Nelson Peltz. Tesla and Nvidia could face sell-offs from institutional investors.

Portfolio Pulse from Michael Cohen

November 04, 2023 | 12:57 pm

SCNI

Scinai Immunotherapeutics Ltd. (NASDAQ:SCNI) has received a letter from Nasdaq regarding non-compliance with the requirement to maintain a minimum bid price of $1.00 per share. The company has been given 180 days to regain compliance. This is in addition to a previous deficiency letter regarding non-compliance with the minimum stockholders' equity requirement. Scinai's primary creditor, the European Investment Bank (EIB), is considering adjusting the terms of its financial facility contract with the company, which could positively impact Scinai's shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:32 pm

ATAK

ATAKU

Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK) has announced that its sponsor, ATAC Sponsor LLC, has deposited $135,000 into the company's trust account to extend the deadline for a business combination from November 9, 2023, to December 9, 2023. The extension payment was loaned as a drawdown pursuant to an unsecured promissory note issued to the sponsor. The company's stockholders are not entitled to vote on or redeem their shares in connection with this extension.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:19 pm

ECL

Ecolab Inc has filed for a debt shelf, according to a recent SEC filing. The size of the debt shelf has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:11 pm

SPY

Federal Reserve's Raphael Bostic has stated that some rebalancing in the home sector is necessary. He also mentioned that in the long run, interest rates are likely to be higher than they were previously.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:56 pm

SPY

Federal Reserve's Bostic has indicated that the Fed may consider rate cuts in the future. As the 2% inflation target gets closer, the Fed will have to weigh the interest rate level. Bostic also expressed hope that the housing market won't be under pressure for years to come.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:56 pm

SPY

Federal Reserve's Bostic has stated that credit conditions are tightening and this will likely have a negative impact on the economy. He believes that a 2% inflation rate can be achieved without a recession and expects economic growth to moderate.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:55 pm

AMZN

BRK-A

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, shared his views on various topics in an interview with The Wall Street Journal. He discussed the challenges of making substantial acquisitions due to competitive bidding in the venture capital sector, expressed skepticism about the necessity of stock pickers, and advocated for index funds. Munger also commented on the surge in Bitcoin's value, expressing his preference for strong, sovereign-issued currencies. He disagreed with the idea of breaking up major tech companies like Amazon, appreciating their contribution to capitalism. Berkshire Hathaway's upcoming Q3 earnings are expected to benefit from high interest rates.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 7:27 pm