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BA

SPR

Boeing Co. (NYSE:BA) faces a new challenge as the U.S. grounds its 737 Max 9 fleet following an incident with an Alaska Airlines plane where a panel was torn off during ascent. This raises concerns about Boeing's stability and its relationship with supplier Spirit AeroSystems Holdings Inc. (NYSE:SPR). The grounding of 171 planes could delay Boeing's plans to increase its 737 manufacturing pace and impact its ability to sell aircraft. The incident adds to Boeing's recent setbacks, including the 737 Max crashes in 2019, which severely damaged its reputation.

Portfolio Pulse from Pooja Rajkumari

January 08, 2024 | 8:53 am

EGRNF

NWTN

China Evergrande New Energy Vehicle Group Ltd's shares fell 23% after the arrest of executive director Mr. Liu Yongzhuo for suspected illegal activities. The company's financial struggles continue, with a recent downgrade by Moody's and a failed share sale to NWTN Inc. Evergrande's chairman's fortune dropped by 93%, and the company filed for Chapter 15 bankruptcy in the US. Shares plunged 87% after a 17-month trading halt, reflecting a loss of 39.25 billion yuan in six months.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 8:50 am

BTCUSD

The SEC has reissued a warning against FOMO investing in anticipation of potential approval of spot Bitcoin ETFs. The SEC's Office of Investor Education highlighted risks associated with cryptocurrencies, meme stocks, and NFTs. The warning, originally published in January 2021 and reiterated in March 2022, also addresses the impact of celebrity endorsements on investment decisions. The SEC has previously fined celebrities for undisclosed promotional payments, as seen with Kim Kardashian's $1.26 million settlement over Ethereum Max promotion.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 8:49 am

BRK

Berkshire Hathaway Inc. has settled a legal dispute with Pilot Travel Centers over alleged violations of buyout terms. The settlement was reached before the trial, which was set to begin in Wilmington, Delaware Chancery Court. The dispute involved accusations against Berkshire Hathaway of changing accounting methods to deprive the Haslam family of their 20% share in Pilot Travel. The settlement is expected to allow Berkshire Hathaway to acquire the remaining stake in Pilot Travel as per the original terms.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 7:00 am

AAPL

Apple Inc. (AAPL) has postponed the launch of its second-generation AirTag to 2025 due to an excess inventory of the original AirTags. The decision reflects the lack of urgency to release a new version as the current AirTags are still effective and face little competition. The AirTag 2 is expected to include an upgraded wireless chip for better communication. Meanwhile, Apple faces a class action lawsuit over concerns that AirTags are being used for stalking, despite the company's efforts to implement an alert system for tracking.

Portfolio Pulse from Ananya Gairola

January 08, 2024 | 2:06 am

TSLA

Elon Musk refuted allegations of drug use reported by the Wall Street Journal, citing three years of clean random drug tests requested by NASA. The report had raised concerns among Tesla executives, with former director Linda Johnson Rice not seeking re-election to the board due to worries about Musk's substance use and behavior. Despite the controversy, Musk's leadership continues to drive progress at Tesla and SpaceX.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 1:27 am

TSLA

Concerns about Elon Musk's drug use have been raised by former Tesla director Linda Johnson Rice and other executives. Rice, who did not seek reelection to Tesla's board, informally suggested an investigation into Musk's behavior, which reportedly includes the use of substances like ketamine, LSD, cocaine, and ecstasy. The Wall Street Journal report also revisits the impact of Musk's 2018 tweet about taking Tesla private, which led to an SEC investigation and fines. Musk's attorney, Alex Spiro, claims Musk is regularly drug tested at SpaceX and has never failed a test.

Portfolio Pulse from Bibhu Pattnaik

January 07, 2024 | 7:08 pm

TSLA

Brandon Fellows, convicted for his role in the Jan. 6 Capitol riots, compared himself to Elon Musk and Brett Kavanaugh during his trial. He was filmed smoking a joint on Senator Jeff Merkley's desk during the riots and insisted that rioters had the right to overthrow the government. Fellows, who has been in custody since June 2021, was sentenced to five months in jail. The Justice Department has charged over 1,100 people and sentenced at least 597 in relation to the Jan. 6 events.

Portfolio Pulse from Maureen Meehan

January 07, 2024 | 5:47 pm

AAPL

GOOG

GOOGL

MSFT

Apple Inc. (AAPL) had a significant week with opposition to UK surveillance laws, legal challenges, rumors of an early Vision Pro launch, and no new iPad in 2023. Apple, along with Alphabet Inc. (GOOG, GOOGL) and Microsoft Corp. (MSFT), opposed the UK's proposed surveillance laws through techUK. Apple's services business faces legal scrutiny, potentially affecting its revenue. The Vision Pro headset is rumored to launch in January, and new iPhones may have advanced cameras. The absence of a new iPad model breaks a 12-year tradition.

Portfolio Pulse from Benzinga Neuro

January 07, 2024 | 11:01 am

GOOG

GOOGL

IBM

The first week of 2024 brought significant updates in the AI space, including user feedback on Alphabet Inc.'s Google Bard, IBM's perspective on computer science degrees, and the potential for a premium Bard service. Additionally, AI was used to create a fake passport image and to bring Elvis Presley back to the stage. Alphabet Inc. is seeking user input to improve Google Bard, while IBM's Matthew Candy questions the necessity of computer science degrees due to AI advancements.

Portfolio Pulse from Benzinga Neuro

January 07, 2024 | 9:02 am