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USDTUSD

Tether has launched a new platform, Alloy By Tether, to create gold-backed stablecoins pegged to the U.S. Dollar. The first asset, aUSDT, is a synthetic dollar over-collateralized by Tether Gold (XAUt). This move aims to provide exposure to gold while allowing its use in payments.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 5:33 am

NVDA

TSLA

Elon Musk and Nvidia CEO Jensen Huang predict that humanoid robots will become significantly more common than cars in the future. Musk supports Huang's vision, emphasizing the potential for widespread adoption of humanoid robots, including Tesla's Optimus, which could be sold at a competitive price.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 5:27 am

BTCUSD

CORZ

The shift of investor focus towards artificial intelligence (AI) is impacting major cryptocurrencies like Bitcoin and Ethereum. BIT Mining Chief Economist Youwei Yang suggests that 'hot money' is now chasing AI, causing crypto to trade sideways. However, senior research analyst Juan Leon believes the intersection of AI and cryptocurrency could significantly boost global GDP by 2030. CoreWeave's recent $1.6 billion offer to acquire Bitcoin miner Core Scientific highlights this trend.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 5:00 am

STZ

TAP

TLRY

A new study led by Dr. Erika Rosen highlights that cannabis is less harmful than alcohol and opioids, suggesting a shift in consumer preferences towards cannabis-infused beverages. This shift presents growth opportunities for the cannabis beverage market. Companies like Constellation Brands, Molson Coors, and Tilray are already investing in this space.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 4:51 am

BTCUSD

ETHUSD

Economist Peter Schiff criticized Bitcoin spot ETFs, questioning their impact on Bitcoin's price, which has remained stagnant despite ETF buying. Schiff raised concerns about potential sell pressure if ETF buyers lose patience. Cryptocurrency analyst James Van Straten countered, attributing the downturn to basis trading and noting that ETF buyers are still in profit.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 4:18 am

GOOG

GOOGL

Google's DeepMind is transitioning from a research lab to a commercial AI product factory, merging its AI labs to focus on developing commercial services. This move aims to outpace competitors like Microsoft but risks disrupting Google's foundational AI research culture.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 4:10 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced prices on select variants of its Model 3 in Canada by C$1000. The price cuts apply to the rear-wheel drive and Long-Range versions, while the Performance variant remains unchanged. The Model 3, along with the Model Y, constitutes a significant portion of Tesla's sales.

Portfolio Pulse from Anan Ashraf

June 18, 2024 | 4:04 am

AAPL

Beats by Dre, owned by Apple Inc. (NASDAQ:AAPL), teased the launch of a new Beats Pill on June 25, featuring LeBron James and Lil Wayne. The teaser has sparked speculation about a potential new album or song release.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 3:35 am

TSLA

Elon Musk announced that he is working on Tesla's fourth Master Plan, which he described as 'epic.' Previous Master Plans have focused on various strategic goals, including vehicle development, energy integration, and large-scale electrification. The new plan's focus is not yet clear, but it follows recent discussions on robotics and vehicle autonomy.

Portfolio Pulse from Anan Ashraf

June 18, 2024 | 3:24 am

DKNG

MBIO

PLTR

TSLA

On Monday, major U.S. indices saw gains, with the Dow Jones, S&P 500, and Nasdaq all closing higher. Key stocks that gained attention include Palantir Technologies, Mustang Bio, DraftKings, Micron Technology, and Tesla, each experiencing significant price movements due to various catalysts such as analyst ratings, clinical trial results, legal decisions, and corporate actions.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 3:12 am