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President Joe Biden proposed a tax overhaul targeting billionaires like Elon Musk and Jeff Bezos in his State of the Union address, aiming to invest in various sectors. Fed Chair Jerome Powell provided an optimistic outlook on the U.S. economy, anticipating strong growth and a robust labor market. Asia's emerging markets, led by TSMC and Samsung, are recovering, driven by tech stocks. Natural gas prices surged as EQT Corporation, the largest U.S. producer, cut output. Employment growth in February, as reported by ADP, missed forecasts, indicating a slowdown in the labor market.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:55 am

GOOG

GOOGL

MSFT

This week in AI featured Sergey Brin's admission of flaws in Alphabet's Gemini image generator, Cathie Wood's warning of a chip stock correction, and Microsoft's AI tool controversy. Brin acknowledged inadequate testing of Gemini, while Wood predicted a semiconductor market correction due to supply chain improvements. Microsoft faced issues with its AI image generator producing inappropriate content. Additionally, Elon Musk humorously commented on AI chatbot ChatGPT amid Bitcoin's volatile week.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:39 am

AAPL

SPOT

Apple Inc. faced a busy week with a $14M 'Batterygate' settlement in Canada, the upcoming iPhone SE 4 launch, the iOS 17.4 update, a $1.95B EU fine in a Spotify antitrust case, and concerns over its China prospects after a 24% plunge in iPhone sales. Jim Cramer expressed concerns over Apple's future in China.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:36 am

ALK

BA

Boeing Company (NYSE:BA) reported missing records for a critical component's elimination during the production of a 737 MAX 9, which malfunctioned mid-air. The National Transportation Safety Board (NTSB) found a door plug on an Alaska Air Group, Inc. (NYSE:ALK) 737 MAX 9 aircraft lacked essential bolts, leading to grounding by the FAA and a mandate for Boeing to address quality-control issues.

Portfolio Pulse from Nabaparna Bhattacharya

March 09, 2024 | 9:20 pm

DWAC

Donald Trump faces significant financial challenges, including a $464 million penalty in a New York civil fraud case and additional debts. His niece, Mary Trump, suggests he may need to sell real estate at low prices to cover his debts. Trump has also been ordered to pay legal fees in the UK and may use his stake in Trump Media & Technology Group, merging with Digital World Acquisition Corp. (NASDAQ:DWAC), as a potential funding source.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 1:52 pm

MSFT

Elon Musk, founder of xAI, expressed surprise at AI researcher Jeffrey Ladish's criticism of OpenAI CEO Sam Altman, calling him 'deeply untrustworthy' and 'low in integrity'. Musk's criticism of Altman and OpenAI focuses on their refusal to open source AI technologies, alleging it violates founding principles and aims to maximize profits for Microsoft Corp. (NASDAQ:MSFT), OpenAI's biggest investor. Musk has also filed a lawsuit against OpenAI.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 10:30 am

MSFT

Worldcoin, a blockchain-based identity verification service, has temporarily halted its World ID verification services in Spain due to legal challenges from the Spanish Data Protection Authority (AEPD). The AEPD's actions, which Worldcoin claims bypass standard GDPR procedures, have led to a lawsuit by Tools for Humanity, a project contributor. Despite these challenges, the World app remains operational in Spain. Worldcoin, backed by Microsoft Corp. (NASDAQ:MSFT) and OpenAI, utilizes eye-scanning technology for identity verification.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 9:05 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced the restart of production at its Berlin gigafactory next week after a temporary halt due to an arson attack. The attack, claimed by the 'Vulkan' group, caused a power outage but resulted in no injuries. CEO Elon Musk condemned the attack and emphasized Tesla's commitment to renewable energy. The factory aims to double its capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 09, 2024 | 7:57 am

BTCUSD

DOGEUSD

SHIBUSD

The FBI's Internet Crime Report 2023 revealed a 53% increase in losses from cryptocurrency investment scams in the U.S., totaling $3.94 billion. The report highlighted the significant role of digital currency in online crime, with Bitcoin, Dogecoin, and Shiba Inu being specifically mentioned. The overall investment frauds rose by 38%, with crypto scams being the majority. The report also noted the use of custodial accounts for these scams and mentioned significant events related to crypto seizures and restrictions by financial institutions.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 5:08 am

META

Former President Donald Trump has expressed opposition to a potential TikTok ban in the U.S., arguing it would unfairly benefit Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, by potentially doubling its business. Trump's stance is a departure from his previous support for banning TikTok, citing concerns over Facebook's influence. The proposed legislation, which could lead to a TikTok ban if ByteDance doesn't divest from the app, has passed the House Energy and Commerce Committee and is supported by President Joe Biden amid national security concerns.

Portfolio Pulse from Ananya Gairola

March 09, 2024 | 3:06 am