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INTU

The FTC has found Intuit Inc. guilty of deceptive advertising for claiming TurboTax was a 'free' service, despite most tax filers being ineligible for the free version. The Commission's order requires Intuit to cease deceptive ads and accurately disclose eligibility for free products. This decision is seen as a victory for consumers and a warning to other businesses about misleading 'free' claims.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:11 pm

INTU

The Federal Trade Commission (FTC) has issued an opinion finding that Intuit Inc., the maker of TurboTax, engaged in deceptive advertising practices. The FTC's decision is based on Intuit's marketing of its TurboTax product, where it allegedly misled consumers by promoting free tax filing services that were not actually free for all users.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:00 pm

GOOG

GOOGL

RACE

TSLA

YouTuber MrBeast tested ad revenue potential on X (formerly Twitter) by reuploading a video, earning over $250,000. The video, originally on YouTube (Alphabet Inc: GOOG, GOOGL), featured a Tesla Model X Plaid (Tesla Inc: TSLA) and a Ferrari (Ferrari NV: RACE). Elon Musk's promotion may have boosted views. MrBeast plans to share earnings with followers and noted X's monetization is less than YouTube's, insufficient to cover his video production costs.

Portfolio Pulse from Chris Katje

January 22, 2024 | 8:23 pm

BTCUSD

Ark Invest CEO Cathie Wood and Director of Digital Assets Yassine Elmandjra debunked five common myths about Bitcoin, emphasizing its strengths such as the powerful computing network it's backed by, decreasing volatility, purposeful energy usage, neutral nature not making it inherently criminal, and its intrinsic value as a contender for global digital money. The thread has gained significant attention, indicating a strong interest in Bitcoin's potential.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 8:16 pm

OTGLY

Palworld, a game developed by Pocketpair, sold over 5 million copies in three days, surpassing major titles in sales pace. Despite its success, the game has faced controversy, including accusations of plagiarism from Pokémon and death threats to its developers. Pocketpair's CEO addressed the harassment and legal concerns, stating that Palworld underwent legal reviews. The game became the most-played on Steam with over 1.29 million concurrent players, setting records as the most-played Japanese game and second most-played paid game on Steam.

Portfolio Pulse from Franca Quarneti

January 22, 2024 | 7:30 pm

CHTR

TelevisaUnivision and Charter Communications, Inc. (NASDAQ:CHTR) have announced a multi-year agreement to extend and expand their partnership, providing Spectrum customers with access to Spanish-language content. The deal includes the launch of an ad-supported premium subscription version of ViX, which will be available at no additional cost to Spectrum TV Select or Mi Plan Latino package subscribers. This new offering will feature a wide range of content, including original series and live soccer matches. Additionally, TelevisaUnivision's U.S. channels will be part of a new low-cost Spanish-language streaming package by Spectrum.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:24 pm

HA

Hawaiian Airlines is expanding its summer schedule with increased flights from Honolulu to Austin, Boston, Las Vegas, Los Angeles, and Pago Pago. A fourth daily flight to Los Angeles will be added from May 24 to Sept. 2. The airline will use Airbus A330 and Boeing 787-9 aircraft, offering Hawaiian hospitality and in-flight entertainment. The expansion reflects strong travel demand to and from Hawaii.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:02 pm

DIS

DKNG

FOX

FOXA

PARA

PARAA

The NFL Playoffs have narrowed down to four teams: the San Francisco 49ers, Detroit Lions, Baltimore Ravens, and Kansas City Chiefs. Media companies like CBS (Paramount Global) and FOX (Fox Corporation) are set to benefit from broadcasting the upcoming conference championship games and Super Bowl LVIII. DraftKings Inc provides updated betting odds for the remaining teams. The Kansas City Chiefs' improved record is highlighted, with Taylor Swift's attendance at games being a notable storyline. ESPN and ABC (Walt Disney Co) will air the NFL Pro Bowl events.

Portfolio Pulse from Chris Katje

January 22, 2024 | 5:15 pm

CCL

RCL

Royal Caribbean Cruises Ltd. (NYSE:RCL) has built the world's largest cruise ship, the Icon of the Seas, which will set sail from Miami with week-long cruises to the eastern Caribbean. The ship features unique amenities, including eight neighborhoods, an Aquadome, and various entertainment options. Despite the debate on social media regarding its environmental impact and symbolism of 'late-stage capitalism,' the ship offers affordable vacation options starting at $1,700 per week. RCL's stock has risen over 53% since October and 423% since its COVID-19 low, while Carnival Corp. (NYSE:CCL) has seen less growth, remaining stagnant since April 2020.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 4:02 pm

RL

Ralph Lauren CEO Patrice Louvet appeared live on CNBC to discuss the company's strategies in the Chinese market and the impact of artificial intelligence on their business. Louvet's insights are particularly relevant as China is a significant market for luxury brands, and AI is increasingly becoming a critical factor in retail for personalization and supply chain optimization.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:31 pm