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BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

MSFT

NVDA

TSLA

This week in tech saw escalating tensions between Elon Musk and OpenAI, Edward Snowden's commentary on AI pessimism, and discussions on Nvidia's H100 GPU's impact on tech spending. Musk accused OpenAI of dishonesty and data theft, while tech experts and analysts weighed in on the potential game-changing nature of Nvidia's GPU and the competitive landscape of Tesla's Optimus project in light of new entrants powered by Microsoft-backed OpenAI.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 7:15 am

DOGEUSD

A significant transfer of 118.4 million Dogecoin (DOGE) to Robinhood, valued at over $33.8 million, has sparked speculation in the cryptocurrency community, with some suggesting Elon Musk could be the sender. This follows Musk's hint at a Tesla event about accepting DOGE payments, which led to a surge in Dogecoin's value. The transaction is part of a larger movement of approximately 200 million DOGE to Robinhood over two days. Meanwhile, the Shiba Inu ecosystem is anticipating updates, and a spike in SHIB transaction volumes indicates increased interest from major investors.

Portfolio Pulse from Bibhu Pattnaik

March 16, 2024 | 5:52 pm

FSR

KARS

PSNY

RIVN

TSLA

Mixed sentiment in the EV sector was influenced by Tesla's lowered delivery estimates and broader market concerns. Tesla faces challenges but sees opportunities in India with new EV policies. Fisker's bankruptcy rumors caused a significant stock drop. Rivian received a positive upgrade from Piper Sandler. Polestar announced a price cut for its upcoming SUV. The KraneShares Electric Vehicles ETF saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 16, 2024 | 2:42 pm

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

TSLA

Tesla Inc's executive Drew Baglino highlighted the benefits of opening Tesla's supercharging network to rival EV makers, emphasizing normalization of charging prices and increased EV affordability. A comparison was made between the cost of charging at a Shell station and Tesla's supercharger in Katy, Texas, showing Tesla's lower price. Tesla has opened its supercharger network to Ford and plans to extend access to Rivian Automotive, General Motors, Volvo Car, and Polestar Automotive starting in spring.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 5:49 am

TSLA

Elon Musk responded to reports of Don Lemon's extravagant demands for hosting a show on X (formerly Twitter) with sharp criticism. Demands included a Tesla Cybertruck, $5M cash, an equity stake in X, and more. Despite initial agreement, Musk found Lemon's interview performance dull and dismissed him. Lemon plans to post the interview on YouTube and X, despite the fallout.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 5:11 am

TSLA

Morgan Stanley analyst Adam Jonas is increasingly bullish on Tesla's Optimus humanoid robot venture, highlighting the accelerating interest in humanoid robotics. Jonas notes the recent $675 million funding round for Figure AI by Jeff Bezos, Nvidia, Microsoft, and OpenAI, and the Chinese government's support for humanoid robot technologies. Despite Tesla's stock dipping 34.16% YTD, Jonas maintains an 'overweight' rating on Tesla with a $320 price target, not yet including Optimus's potential. Tesla has demonstrated progress with Optimus, aiming to ship units next year, though Elon Musk acknowledges uncertainties.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 2:27 am

AMD

CCL

MSFT

NVDA

RCL

Inflation reports ahead of the Fed meeting showed unexpected price pressures, affecting markets and investor sentiment. Crypto and AI stocks like NVIDIA, AMD, and Microsoft saw declines, while commodities like gold and oil advanced. The uncertainty around Federal Reserve's interest rate decisions and diverging expert opinions add to the market's volatility. Meanwhile, optimism in the cruise sector is seen with bullish outlooks on Royal Caribbean and Carnival Corp. Concerns over potential insider trading arose from a congressman's sale of Boeing stock. The advancement of a bill targeting TikTok raises debates and concerns among influencers and figures like Elon Musk. Cannabis stocks surged on speculation of DEA's rescheduling of cannabis to Schedule III.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 8:39 pm

HTZ

Hertz Global Holdings, Inc. (NASDAQ:HTZ) announced Gil West, former COO of Delta Airlines and GM's Cruise unit, as its new CEO effective April 1, 2024, succeeding Stephen Scherr. West aims to focus on operationally-driven revenue and EBITDA growth, leveraging his experience in transportation and operational turnarounds. The transition is part of Hertz's strategy to enhance technology, commercial partnerships, and brand value for long-term success.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:32 pm