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BBJP

DXJ

EWJ

Japan's Nikkei 225 index closed down 0.81% at 31,943.93, with industrials and technology sectors being the largest drags. The potential spinoff of SoftBank helped limit losses. The yen strengthened about 0.6% to 139.50 per dollar.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:39 am

ARKK

COIN

Ark Invest, led by Cathie Wood, sold 135,152 shares of Coinbase Global, Inc. (NASDAQ:COIN) from its flagship Ark Innovation ETF (NASDAQ:ARKK), generating proceeds of $12.05 million. This sale occurred as Coinbase shares rallied 9.78% following an announcement of a surveillance-sharing agreement with CBOE's BZX Exchange for five of its Bitcoin ETFs.

Portfolio Pulse from Shanthi Rexaline

July 12, 2023 | 6:42 am

FFIE

Faraday Future Intelligent Electric (NASDAQ:FFIE) has flagged errors in its financial statements for 2022 and quarters ended March 2023 and September 2022, related to change in fair value upon conversion of notes issued by the company. The company is working on restating the financial statements and does not expect this to affect the delivery timeline of FF 91 2.0 Futurist Alliance. Jonathan Maroko has been appointed as the new interim CFO after Yun Han resigned.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 5:06 am

SEALSQ

SEALSQ has closed the initial $10M tranche of a total possible $20M private placement.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:05 am

WIT

Wipro has announced the launch of Wipro ai360, a new artificial intelligence (AI) solution. The company has also committed to investing $1 billion in AI over the next three years.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:58 am

TRSSF

Detroit is set to accept applications for the second round of limited marijuana business licenses on August 1, with half of all licenses reserved for 'equity applicants'. The licenses include dispensaries, microbusinesses, and consumption lounges. The second round comes after a gap of eight months since the city awarded 33 recreational retail marijuana licenses. Gage Cannabis, a subsidiary of TerrAscend Corp. (OTC:TRSSF), announced last year its fourth social equity grant recipient, Midwest CannaNurses.

Portfolio Pulse from Joana Scopel

July 11, 2023 | 9:39 pm

FFIE

Faraday Future's Interim CFO, Yun Han, has resigned effective immediately. The board has appointed Jonathan Maroko as the new Interim CFO, effective from July 24.

Portfolio Pulse from Charles Gross

July 11, 2023 | 9:34 pm

EFOI

Energy Focus is reportedly offering on a resale basis an aggregate of 1.3 million issued and outstanding shares of common stock.

Portfolio Pulse from Charles Gross

July 11, 2023 | 9:31 pm

EDBL

Edible Garden has filed for a mixed shelf offering of up to $50 million.

Portfolio Pulse from Charles Gross

July 11, 2023 | 9:26 pm

AAPL

AMZN

CRM

GOOGL

MSFT

NVDA

ORCL

Wedbush Securities predicts the technology sector to surpass expectations in Q2 earnings, driven by the rapid adoption of AI. Microsoft and Nvidia are identified as standout performers in the AI space. Microsoft's multi-billion dollar investment in OpenAI and Nvidia's new AI products are highlighted. Wedbush analysts predict a new tech bull market, with Microsoft poised to increase its share in the cloud market. Other tech companies like Oracle, Salesforce, and Apple are expected to join Microsoft and Nvidia in investing billions in AI over 2023 and 2024.

Portfolio Pulse from Piero Cingari

July 11, 2023 | 9:01 pm