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RTX

Freebird Airlines has chosen Collins Aerospace, a business unit of RTX (NYSE:RTX), to implement a suite of digital solutions aimed at enhancing proactive maintenance and operational efficiency for its A320 fleet.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:26 am

TSLA

Tesla Inc. (NASDAQ:TSLA) reiterated its plans to start producing new electric vehicles by 2025, including more affordable models. These vehicles will be produced on existing manufacturing lines to optimize current capacity. CEO Elon Musk refused to share more details, citing potential impacts on near-term sales. Tesla's Q2 earnings fell short of expectations, with a 7.8% drop in after-hours trading.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 6:16 am

BTCUSD

Senator Cynthia Lummis criticized the Biden administration's proposal to impose a 30% tax on Bitcoin mining, arguing it would harm innovation, energy infrastructure, and tax revenues. She highlighted the benefits of Bitcoin mining for energy grids and environmental concerns, warning of a potential miner exodus.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 5:20 am

BIDU

GOOGL

META

MSFT

ONEI

DeepL, a German AI translation startup backed by Mark Zuckerberg's family office, has introduced traditional Chinese as a new language option, targeting markets in Taiwan and Hong Kong. This expansion aims to compete with major tech firms like Google, Microsoft, Baidu, and Tencent. DeepL also plans to develop a spoken language translation product.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 4:33 am

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai explained the company's decision to retain cookies in its Chrome browser, emphasizing user choice and privacy. This decision follows industry and regulatory pushback against Google's initial plan to eliminate cookies. Alphabet reported strong Q2 earnings, surpassing revenue and earnings estimates.

Portfolio Pulse from Ananya Gairola

July 24, 2024 | 4:05 am

GBTC

IBIT

Economist Peter Schiff conducted a poll on X, asking Bitcoin HODLers if they would sell their holdings if Bitcoin's value dropped below $15,000. The majority (85.3%) said they would continue to hold. Schiff also questioned the existence of Bitcoin ETFs, noting net outflows of $77.97 million across 11 spot Bitcoin ETFs. The iShares Bitcoin Trust (NASDAQ:IBIT) saw inflows of $71.94 million, while the Grayscale Bitcoin Trust (NYSE:GBTC) experienced outflows of $27.31 million.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 4:01 am

TSLA

Elon Musk confirmed that funding for his new political action committee, 'The America PAC,' is much lower than the reported $45 million per month. Despite Musk's political activities, Tesla's Bitcoin holdings remained unchanged in Q2 2024. Tesla shares dropped 7.77% in after-hours trading following a 2.04% decline during regular hours.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 3:40 am

CBRG

Chain Bridge I (NASDAQ:CBRG) announced the acquisition of Phytanix Bio, a cannabinoid medicines innovator, for $58 million. The new entity, Phytanix Inc., will be listed on Nasdaq under the ticker 'PHYX'. The merger aims to advance therapeutic solutions for conditions with significant unmet medical needs.

Portfolio Pulse from Patricio Liddle

July 24, 2024 | 3:07 am

TSLA

Tesla's stock experienced a significant drop in after-hours trading following Elon Musk's bold statement on vehicle autonomy. Despite impressive second-quarter financial results, the stock fell due to mixed performance metrics and Musk's strong stance on autonomy.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 2:54 am

BTCUSD

DOGEUSD

ETHUSD

GOOGL

TSLA

Bitcoin and Dogecoin saw declines while Ethereum remained steady amid Mt. Gox payouts. Bitcoin dropped to the $65,000 range as creditors received BTC on Kraken. Ethereum traded within the $3,400-$3,500 range with the debut of spot ETFs. Analysts highlighted key support levels for Bitcoin. The global cryptocurrency market contracted by 2.21%. Stocks also saw slight declines, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all inching lower.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 2:25 am