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GM

STLA

Jeep has temporarily halted production of its Wrangler and Grand Cherokee models due to high inventory levels and sluggish sales. Stellantis, Jeep's parent company, confirmed the production adjustments at its Detroit and Toledo plants. The company faces high inventory levels, declining sales, and dealer complaints, leading to a 21% drop in sales during the first half of the year. Stellantis is considering trimming production and reducing prices to clear excess inventory.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 5:51 am

DG

DLTR

NVDA

Jim Cramer addresses investor concerns amid Nvidia's significant market cap drop, emphasizing strength in sectors like healthcare and utilities. He suggests that an economic slowdown could lead to Federal Reserve rate cuts, which are typically enacted during weak economic periods.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 5:13 am

MSFT

Gene Munster, a tech analyst, defends Microsoft's Copilot AI tools amidst reports of customer drop-offs, attributing it to 'growing pains'. Despite only 5 million out of 450 million Office users adopting Copilot, Munster remains optimistic about Microsoft's AI growth. Microsoft announced a new phase of Copilot innovation, with an event scheduled for September 16.

Portfolio Pulse from Ananya Gairola

September 05, 2024 | 4:54 am

BTCUSD

Senator Cynthia Lummis believes a Trump presidency would significantly benefit the cryptocurrency industry, advocating for a Bitcoin strategic reserve. In contrast, she predicts challenges if Kamala Harris wins. Lummis' proposed legislation aims to use Bitcoin to address the U.S. national debt.

Portfolio Pulse from Aniket Verma

September 05, 2024 | 4:17 am

AAVE

World Liberty Financial, a cryptocurrency project associated with Donald Trump, aims to promote the mass adoption of dollar-pegged stablecoins to maintain U.S. financial dominance. The project has partnered with Aave, a leading DeFi platform, to enhance its offerings. Aave's token saw a price increase following the announcement.

Portfolio Pulse from Aniket Verma

September 05, 2024 | 3:00 am

INDV

Aelis Farma's Phase 2B trial for AEF0117, aimed at treating cannabis use disorder, failed to meet its primary and secondary goals. As a result, Indivior PLC, which had an option to license the drug, decided not to exercise this option. Indivior shares saw a slight decline following the news.

Portfolio Pulse from Nina Zdinjak

September 05, 2024 | 2:27 am

NVDA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged, diverging from the declining stock market. Bitcoin's price rose to $58,000 but remained volatile. Ethereum showed potential for further gains if it maintains above $2,400. Nvidia's stock fell amid DOJ subpoena rumors.

Portfolio Pulse from Aniket Verma

September 05, 2024 | 2:16 am

ETH

MATIC

USDC

WBD

The sequel 'Beetlejuice Beetlejuice' is expected to have a strong opening weekend, potentially breaking September box office records. Warner Bros. Discovery (NASDAQ:WBD) could benefit from this success, as the film is predicted to gross over $105 million domestically. Polymarket allows users to bet on the film's box office performance using cryptocurrencies like USDC, MATIC, and ETH.

Portfolio Pulse from Chris Katje

September 04, 2024 | 11:23 pm

TSLA

Tesla is set to unveil its robotaxi on October 10, potentially featuring reversible seats, a significant design change for autonomous vehicles. This event, delayed for design improvements, could showcase Tesla's vision for future autonomous vehicles without a traditional driver seat.

Portfolio Pulse from Chris Katje

September 04, 2024 | 11:04 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) announced the first wave of games for Xbox Game Pass in September 2024, featuring a diverse lineup including 'Age of Mythology: Retold'. Several titles will also leave the service on September 15, but can be purchased at a discount.

Portfolio Pulse from Franca Quarneti

September 04, 2024 | 10:26 pm