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The U.S. stock market reached record highs, influenced by Federal Reserve Chair Jerome Powell's hints at potential rate cuts. Nvidia's market cap hit $1 trillion rapidly, highlighting its growth in AI and semiconductors. New York Community Bancorp secured a $1-billion equity investment, causing dilution for current shareholders. Microsoft faced a security breach by Russian hackers. JPMorgan's AI tool significantly improved banking efficiency. Apple invested $1 billion in filmmaking to boost its streaming service, and Netflix ventured into live sports with a high-profile boxing match.

Portfolio Pulse from Piero Cingari

March 08, 2024 | 9:19 pm

AMZN

The Federal Trade Commission (FTC) is investigating Amazon's recently introduced fees within its $140 billion seller business. These fees, which include charges for inbound placement and low inventory, have sparked controversy and raised antitrust concerns.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:37 pm

FXI

SPY

President Biden has announced his intention to sign a bill concerning TikTok if it is passed by Congress. This statement indicates a significant step towards regulating or potentially taking action against the social media platform, which could have implications for US-China relations and the tech industry.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:51 pm

FXI

SPY

The U.S. Justice Department has informed Congress that a divestment order for TikTok would put the government in a stronger legal position compared to merely imposing a ban, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:43 pm

AAPL

EU Industry Chief Breton highlighted that Apple's decision to reverse its block on Epic Games is a tangible result of the Digital Markets Act's influence, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:20 pm

AAPL

Epic Games announced its plans to proceed with the launch of the Epic Games Store and reintroduce Fortnite to iOS in Europe. This move comes after previous disputes with Apple (AAPL) regarding app store policies and revenue sharing.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:54 pm

AAPL

Epic Games announced that Apple has reinstated its developer account, allowing Epic Games to submit apps to the Apple App Store once again. This development follows a period of contention between the two companies, which began when Epic Games attempted to bypass Apple's in-app purchase system, leading to its developer account being suspended.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:53 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has reported an ongoing cyberattack by Russian state-sponsored hackers, known as Nobelium or 'Midnight Blizzard', who have stolen some of Microsoft's source code by spying on senior executives' email accounts. The attack, which is a continuation of the group's activities including the SolarWinds breach, has not compromised customer-facing systems, but Microsoft is taking measures to assist potentially affected customers.

Portfolio Pulse from Rounak Jain

March 08, 2024 | 3:16 pm

SNAP

Snap shares are trading higher following the unanimous approval by the House Energy and Commerce Committee of a bill that would require ByteDance to divest TikTok. This legislative move is perceived positively for Snap as it could reduce competition in the social media space.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:55 pm

BA

Boeing Company (NYSE:BA) stock has triggered a Death Cross, indicating bearish sentiments. The stock is down 22% YTD, following a series of negative events including a 737 door blow-off incident, grounding of 737 Max 9s, lawsuits, and regulatory scrutiny for quality control and arms exports violations. The Death Cross, where the 50-day SMA falls below the 200-day SMA, suggests potential further declines. Investors are advised to be cautious and reevaluate their positions in light of these challenges.

Portfolio Pulse from Surbhi Jain

March 08, 2024 | 1:48 pm