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AMZN

GOOG

GOOGL

Amazon's strategy of selling Echo devices at low prices has resulted in billions of dollars in losses. CEO Andy Jassy is rethinking the business model, including launching a paid tier for Alexa. The company is also re-evaluating the 'downstream impact' metric developed under Jeff Bezos.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 5:15 am

MAT

Mattel has introduced its first-ever blind Barbie and Black Barbie with Down Syndrome as part of the global Barbie Fashionistas lineup. The company collaborated with the American Foundation for the Blind and the National Down Syndrome Society to ensure accurate representation.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:07 am

AAPL

Apple Inc. (NASDAQ:AAPL) has updated its Maps app with 3D models of all venues for the 2024 Summer Olympics in Paris, including temporary venues and iconic sites. The update also includes real-time updates on road closures and curated guides for restaurants, hotels, and shopping.

Portfolio Pulse from Ananya Gairola

July 23, 2024 | 4:55 am

ENSUSD

ETCUSD

ETHUSD

The SEC has approved the first-ever Ethereum spot ETFs, set to begin trading tomorrow. This news has led to significant gains for Ethereum Name Service (ENS) and Ethereum Classic (ETC), which have outperformed Ethereum (ETH) in the last 24 hours. ENS surged over 5% with a 66% increase in trading volume, while ETC rose 3% with a 184% increase in trading volume.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 3:25 am

AMC

CRWD

NVDA

TSLA

Major U.S. indices closed higher on Monday, with notable movements in Nvidia, CrowdStrike, AMC, Verizon, and Tesla stocks. Nvidia rose due to new AI chip development, CrowdStrike fell after an IT outage, AMC increased following debt restructuring plans, Verizon dropped after missing sales estimates, and Tesla rose ahead of its earnings report.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:10 am

CRWD

MSFT

CrowdStrike CEO George Kurtz is set to testify before Congress regarding a recent global tech outage caused by a faulty update to CrowdStrike's security software. The incident affected millions of devices running on Microsoft's Windows OS, leading to significant disruptions across various industries. CrowdStrike's stock has dropped sharply, and analysts have downgraded the stock due to concerns over the company's handling of the situation.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:00 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

Leading cryptocurrencies traded flat as the SEC approved spot ETFs for Ethereum. Bitcoin remained stable, while Ethereum saw selling pressure and a whale transferred $30 million in Ether to Binance. The market saw significant liquidations, and analysts suggest buying the dip in Ethereum.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 2:50 am

NVDA

TSLA

Elon Musk announced the timeline for xAI's chatbot models, with Grok 2 set for release next month and Grok 3 expected by December. Grok 3 aims to be the most powerful AI, trained on 100,000 Nvidia H100 chips.

Portfolio Pulse from Ananya Gairola

July 23, 2024 | 2:22 am

BLK

COIN

The SEC has approved the trading of spot Ethereum ETFs, marking a significant milestone for cryptocurrency investments. The approved ETFs include those from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy. Coinbase Global Inc. will act as the custodian for 8 of the 9 newly approved ETFs. Analysts project significant inflows and increased activity in the Ethereum ecosystem.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 1:52 am

ARKF

ARKW

CRWD

TSLA

Cathie Wood's Ark Invest made significant trades involving CrowdStrike Holdings Inc (CRWD) and Tesla Inc (TSLA). Ark Invest bought $5.3M worth of CrowdStrike shares despite recent challenges and sold $3.7M worth of Tesla stock ahead of Q2 earnings. The trades reflect strategic moves amid turbulent market conditions.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 1:45 am