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BTCUSD

Economist Justin Wolfers criticized former President Donald Trump's plan to use Bitcoin to pay off the U.S.'s $35 trillion debt, stating that it shows a misunderstanding of debt, cryptocurrency, and economics. Other experts, including Nobel laureate Paul Krugman and Georgetown's James Angel, also disapproved of the proposal.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 4:05 am

BTCUSD

ETHUSD

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, supports the sentiment of not selling cryptocurrencies amid a market crash. Influencer Oscar Ramos also advises against selling, suggesting the downturn could be a buying opportunity. Major cryptocurrencies like Bitcoin and Ethereum have seen significant drops, mirroring stock market declines due to recession fears and geopolitical tensions.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 3:21 am

AAPL

AMD

BTCUSD

The global stock market selloff, which began in the U.S., has now spread to Japan, causing significant drops in the Nikkei 225 and Topix indices. Financial experts Mohamed El-Erian, Grant Cardone, and Matt Weller have expressed concerns about the deepening market downturn. The appreciation of the Yen is exacerbating the situation for Japanese stocks. The broader Asia-Pacific region is also affected, with the MSCI AC Asia Pacific Index falling 2%. Additionally, Peter Schiff warned of a potential crypto selloff if Bitcoin falls below its July low, and Elon Musk commented on Warren Buffett's significant sale of Apple stock.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 2:54 am

DUK

Florida Governor Ron DeSantis has expressed gratitude to utility linemen for their readiness to respond to Tropical Storm Debby, which is expected to bring high winds and heavy rainfall, potentially causing power outages. Duke Energy Corp. has also urged customers to heed warnings and take necessary precautions.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 12:53 am

BITO

BTCUSD

Economist Peter Schiff warns of a potential 'Crypto Black Monday' if Bitcoin falls below its July low, which could trigger mass liquidations in Bitcoin ETFs. Bitcoin recently fell below $58,000 but recovered slightly. Schiff believes Bitcoin ETF buyers are not long-term holders and may panic sell.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 9:31 pm

AAPL

AMZN

INTC

META

MSFT

NVDA

The Biden administration announced a new rule on foreign chip equipment exports to China, with exemptions for key allies. Microsoft, Meta, and Apple reported strong earnings, beating analyst estimates. Amazon faces a shift in consumer preferences and product recalls. Nvidia is launching a new chip in China, and Intel offers extended warranties for its CPUs.

Portfolio Pulse from Lekha Gupta

August 04, 2024 | 4:30 pm

CURLF

GTBIF

HITI

TCNNF

VRNOF

New York's cannabis market is expanding as officials crack down on illegal sales, boosting the legal market. Curaleaf and Green Thumb Industries are opening new dispensaries in New York. Other states and Canada are also seeing new cannabis store openings by companies like Verano Holdings, Trulieve Cannabis, and High Tide.

Portfolio Pulse from Jelena Martinovic

August 04, 2024 | 2:46 pm

GBTC

MSTR

This week in cryptocurrency saw significant developments including Mike Novogratz predicting Kamala Harris may embrace crypto, Peter Schiff criticizing Trump and Saylor's Bitcoin strategy, and the FBI warning of crypto exchange impersonation scams. Notably, Grayscale Bitcoin Trust (GBTC) experienced an 11% drop following the announcement of a spinoff into a new ETF.

Portfolio Pulse from Benzinga Neuro

August 04, 2024 | 1:26 pm

AAPL

Apple Inc. (NASDAQ:AAPL) had a dynamic week with Q3 earnings surpassing expectations, excitement over AI capabilities, a crackdown on App Store fees, a new vehicle camera system patent, and news about the iPhone 16 models missing initial AI features.

Portfolio Pulse from Benzinga Neuro

August 04, 2024 | 1:26 pm

F

KARS

LCID

TSLA

UBER

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm