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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

AAPL

JPM

MSFT

NFLX

NVDA

NYCB

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