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AAPL

SPOT

XLK

Apple Inc. (NASDAQ:AAPL) is appealing a $1.95 billion fine imposed by the EU for allegedly undermining fair competition from music-streaming services like Spotify Technology SA (NYSE:SPOT). The EU's decision mandates Apple to allow music-streaming apps to inform users about cheaper deals outside its App Store. Spotify has adjusted its app to comply with the ruling. The European Commission is prepared to defend its decision in court. Apple argues that there is no credible evidence of consumer harm. This is part of ongoing legal battles between Apple and EU regulators.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 4:40 pm

BTCUSD

DOGEUSD

ETHUSD

The SEC's request for revisions to Ether ETF applications has generated optimism in the cryptocurrency industry. Experts believe that the approval of Ethereum ETFs could lead to mass adoption, increased legitimacy, and significant price increases for Ethereum. The approval could also set a precedent for other altcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 4:40 pm

DELL

Dell shares are trading higher following the company's recent unveiling of new AI PCs.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:38 pm

BLK

SPY

The SEC appears more likely to approve Ether ETFs from companies like BlackRock and VanEck, which could impact Bitcoin and other cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:33 pm

TSLA

Tesla shares are trading higher after the company increased its 72-month loan rate APR in the US from 0.99% to 1.99%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:31 pm

CETX

Vicon Industries, a subsidiary of Cemtrex Inc. (NASDAQ: CETX), has introduced a new AI-based 4K camera with auto-tracking capabilities. The camera, part of the Roughneck AI series, features advanced analytics for object classification and motion detection, enhancing video surveillance efficiency. The new technology will be showcased at ISC West 2023 in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:28 pm

TSLA

Tesla has increased its 72-month loan rate (APR) in the U.S. from 0.99% to 1.99%, while maintaining the 0.99% APR for 36, 48, and 60-month loan terms.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:25 pm

EBCRY

NTDOY

Nintendo has acquired Shiver Entertainment, known for porting games like 'Hogwarts Legacy' and 'Mortal Kombat 1,' from Embracer Group. This acquisition aims to bolster Nintendo's resources for porting and developing software titles, especially ahead of the anticipated launch of the Switch 2. Financial terms were not disclosed, but the impact on Nintendo's fiscal results is expected to be minor.

Portfolio Pulse from Franca Quarneti

May 21, 2024 | 4:24 pm

HOOD

Robinhood Markets, Inc. (NASDAQ: HOOD) has launched new margin rates ranging from 5.7% to 6.75%, depending on the customer's margin balance. Robinhood Gold subscribers will get their first $1,000 of margin with no interest. The company emphasizes the flexibility and utility of margin investing, though access is not automatic and requires eligibility. CEO Vlad Tenev also highlighted the company's retirement offerings targeting all age groups, including Gen Z.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 4:16 pm

AMC

GME

HIMS

NKLA

NVDA

TNDM

TSLA

Interest in meme stocks like GameStop (GME) and AMC Entertainment (AMC) is fading after Roaring Kitty's exit from social media. WallStreetBets is now focusing on NVIDIA (NVDA), Tesla (TSLA), and Nikola (NKLA). Hims and Hers Health (HIMS) and Tandem Diabetes Care (TNDM) are also gaining attention.

Portfolio Pulse from Chris Katje

May 21, 2024 | 4:07 pm