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SOFI

SoFi Invest has announced a 2% match on all eligible IRA contributions through Tax Day 2024, doubling the previously announced 1% match from late 2023. This initiative aims to alleviate tax season anxiety for investors, particularly Gen X'ers, Millennials, and Gen Z who feel underinvested. SoFi Invest also offers tools and resources such as access to CFPs, fractional share trading, and educational content to support members' financial goals.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:39 pm

AAPL

Apple Inc. (AAPL) shares fell by 4% after Barclays downgraded the stock due to concerns over disappointing iPhone 15 sales, particularly in China where the government is reportedly discouraging state employees from using iPhones. The stock is nearing a crucial support level at $182, with the next key level at $179. Despite a strong performance in 2023 with a 47% increase, AAPL has declined by over 4% in 2024. The stock closed at $185.64 on January 2.

Portfolio Pulse from Zaheer Anwari

January 04, 2024 | 2:25 pm

AMD

AMD announced new automotive products at CES 2024: Versal AI Edge XA adaptive SoCs and Ryzen Embedded V2000A Series processors. These products target infotainment, driver safety, and autonomous driving. AMD's 7nm auto-qualified devices offer advanced AI capabilities and PC-like experiences in vehicles. The company highlighted its collaboration with automotive ecosystem partners and the growth potential in the highly automated vehicles market. AMD's automotive solutions will be showcased at CES 2024, including AI-optimized object detection, automated parking, and more.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:19 pm

CRRFY

PEP

Carrefour SA has decided to stop selling PepsiCo products in its French stores due to what it considers 'unacceptable price increases.' This decision follows PepsiCo's announcement of modest price hikes earlier in October. The move is part of a larger trend where retailers are pushing back against price increases from consumer goods companies. The French government is also taking steps to combat inflation by urging earlier price negotiations. Carrefour's stock (CRRFY) closed lower by 1.08% at $3.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 2:15 pm

AAPL

Apple Fitness+ is expanding its offerings with new features starting January 8, including a sound meditation theme, a workout program with golfer Rose Zhang, an Artist Spotlight series with music from USHER and other artists, and Time to Walk episodes on Apple Podcasts. The service is also accessible through Anytime Fitness memberships, and Apple is offering a limited-edition award for closing Activity rings. Fitness+ is available as a standalone subscription or part of the Apple One Premier plan, with various pricing options and included in certain Apple product purchases.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:06 pm

PTON

Peloton Interactive Inc. (NASDAQ:PTON) has announced a partnership with TikTok to launch a new fitness hub, “#TikTokFitness Powered by Peloton,” featuring fitness videos and live classes. This move is part of Peloton's strategy to reach a broader customer base and reshape its brand identity, targeting a younger audience and aiming to boost app downloads and conversions. The collaboration follows Peloton's rebranding efforts and tiered pricing strategy for its app, amidst declining sales, profits, and membership.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 2:01 pm

GOOG

GOOGL

MSFT

Alphabet Inc.'s Google is reportedly preparing to launch a paid version of its AI chatbot, Bard, similar to Microsoft-backed OpenAI's ChatGPT. A cybersecurity enthusiast discovered hidden code on the Bard website indicating a three-month free trial for Google One subscribers, followed by a subscription fee. The code also hints at a new Bard Advanced service powered by Google's AI model, Gemini. The exact details of the subscription tiers are unclear, but the launch seems imminent as promotional content and pricing details are already present in the code.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 1:14 pm

PTON

Peloton and TikTok have announced a partnership to launch 'TikTokFitness Powered by Peloton'. This collaboration will feature select live Peloton classes, an original instructor series, ongoing creator partnerships, class clips, and celebrity collaborations.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:13 pm

BABA

JD

PDD

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) has faced a challenging year with setbacks including a $2.8 billion fine for monopolistic behavior, a drop in U.S. market value below competitor PDD Holdings Inc (NASDAQ: PDD), and a significant share price decline. Alibaba withdrew plans for a public listing of its cloud unit and faces stiff competition from Huawei and Tencent Holding Ltd (OTC:TCEHY). Despite challenges, optimism remains for Alibaba's future. JD.com Inc (NASDAQ:JD) and Alibaba's Taobao implemented a 'refund only' policy, mirroring Pinduoduo's strategy, which has led to concerns among sellers about potential abuse.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 1:08 pm

MDGS

Medigus Ltd., through its subsidiary Revoltz, has announced the launch of pre-orders for PORTO, an innovative electric vehicle (EV). This move signifies Medigus's entry into the EV market and could potentially impact the company's future revenue streams and market position.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:53 pm