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DIS

Disney CEO Bob Iger unveiled a robust film slate for the next two years, including 'Moana 2' and a new 'Avengers' movie, during the company's Q3 2024 earnings call. The lineup aims to drive box office and streaming revenues. Despite mixed financial results, Disney's streaming business turned profitable, and the company reported a 4% YoY revenue increase.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 4:37 am

HOOD

Robinhood Markets Inc. (NASDAQ: HOOD) is optimistic about its future in the cryptocurrency market, contingent on improved regulatory clarity in the U.S. The company believes that clearer regulations would allow it to innovate more rapidly and offer more coins, potentially boosting revenue through new products and services like cryptocurrency lending. Robinhood's cryptocurrency revenue saw a significant increase in the second quarter of 2024, highlighting the importance of this segment to its overall financial performance.

Portfolio Pulse from Aniket Verma

August 08, 2024 | 3:59 am

BTCUSD

Economist Peter Schiff shared an AI-generated video mocking Bitcoin, likening it to a group of ducks and calling it 'the biggest duck of them all.' Schiff has been a long-time critic of Bitcoin, often highlighting its weaknesses. His recent comments about Bitcoin ETFs were acknowledged by Bloomberg ETF analyst Eric Balchunas. Bitcoin's price was $57,301.38, up 1.37% in the last 24 hours.

Portfolio Pulse from Aniket Verma

August 08, 2024 | 3:10 am

ARM

NVDA

SFTBY

SoftBank Group, led by Masayoshi Son, reaffirms its commitment to AI investment despite market volatility and a significant drop in its stock. CFO Yoshimitsu Goto emphasized the company's robust financial status and unchanged financial strategy for fiscal 2024. SoftBank's first-quarter losses were lower than last year due to a weak yen and increased earnings from ARM Holdings. The company also announced a $3.4 billion share buyback. Meanwhile, U.S. stocks, including Nvidia, experienced declines.

Portfolio Pulse from Ananya Gairola

August 08, 2024 | 2:01 am

JUSHF

Jushi Holdings Inc. (OTC:JUSHF) reported significant improvements in its Q2 2024 financial results, including a reduced net loss, increased revenue, and strategic debt refinancing. The company also expanded its product offerings and market presence, particularly in Ohio and Virginia.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 11:32 pm

CURLF

Curaleaf Holdings, Inc. (OTC:CURLF) reported a Q2 net loss of $48.9 million despite a 2% revenue increase to $342 million. The company saw improvements in gross margins and adjusted EBITDA, and launched The Hemp Company to expand its product line. International revenue surged by 78%, driven by the UK and Germany. Curaleaf remains optimistic about future growth, focusing on regulatory developments and market expansions.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 10:53 pm

FGEN

FibroGen has initiated a restructuring plan following negative trial data for its drug Pamrevlumab. The plan includes a 75% reduction in its U.S. workforce, affecting 127 employees.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 10:40 pm

CURLF

Fab 5 Freddy's B NOBLE and Greenbook Academy are offering 100 free cannabis job training grants in Florida. This initiative aims to empower minorities and other individuals with skills needed in the cannabis industry. Curaleaf (OTC:CURLF) is involved in this cause-based brand venture.

Portfolio Pulse from Patricio Liddle

August 07, 2024 | 10:26 pm

ETHUSD

MATICUSD

USDCUSD

The 2024 presidential election betting markets show a close race between Donald Trump and Kamala Harris, with Trump having a slight edge. The odds have shifted significantly over recent months, influenced by events such as an assassination attempt on Trump and Biden's withdrawal from the race. Prediction market Polymarket also shows a near toss-up between the two candidates.

Portfolio Pulse from Chris Katje

August 07, 2024 | 10:08 pm

UPWK

Upwork Inc (NASDAQ:UPWK) reported its Q2 earnings with a revenue beat but an EPS miss. Revenue was $193.1 million, slightly above estimates, while EPS was 17 cents, below the expected 23 cents. The company saw significant growth in AI-related work and free cash flow. However, Q3 revenue guidance was below estimates, leading to a 7.65% drop in after-hours trading.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 9:49 pm