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ETHUSD

The SEC has approved the first-ever spot Ethereum (ETH) ETFs in the U.S., marking a significant milestone for the cryptocurrency industry. Ethereum's creator, Vitalik Buterin, was inspired to develop decentralized systems after a negative experience with the centralized control in the game World of Warcraft. Ethereum is now one of the most invested projects globally, with a total locked value of over $65 billion and a market cap surpassing major companies like Mastercard and Oracle. ETH is currently trading at $3,800.76, up 1% in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 3:54 am

ETCUSD

ETHUSD

Ethereum Classic (ETC) outperformed Ethereum (ETH) on the day the first-ever Ethereum spot ETFs were approved in the U.S. ETC gained nearly 9% while ETH saw a modest 1.56% increase. ETC's trading volume tripled, reaching over $1.5 billion.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 3:05 am

AAPL

Wedbush analyst Dan Ives has raised the price target for Apple Inc. (NASDAQ:AAPL) from $250 to $275, citing an anticipated AI-driven iPhone 16 supercycle. The upcoming Worldwide Developers Conference (WWDC) is highlighted as a pivotal moment for the company.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:32 am

NVDA

Tom Lee of Fundstrat Global Advisors predicts that the global labor shortage will drive technology stocks to comprise 50% of the S&P 500, up from the current 30%. This shift is expected due to increased investment in AI technology to address the labor gap, with companies potentially spending $3.2 trillion annually on AI. Nvidia (NASDAQ: NVDA) is highlighted as a major beneficiary, especially following its strong Q1 earnings report.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:05 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

The SEC has approved the first Ethereum spot ETFs in the U.S., leading to mixed reactions in the cryptocurrency market. Ethereum showed slight gains, while Bitcoin and Dogecoin faced declines. The overall market cap dropped by 1.72%. Analyst opinions are mixed, with some expressing confidence in Bitcoin's rebound and others predicting a short-term correction for Ethereum.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 1:50 am

LLY

NVO

OZEM

PARA

The animated comedy 'South Park' will tackle weight-loss drugs in its upcoming special 'South Park: The End of Obesity,' premiering on May 24 on Paramount+. The special could put weight-loss drugs in a negative light, potentially impacting stocks like Novo Nordisk (NVO), Eli Lilly (LLY), and the Roundhill GLP-1 & Weight Loss ETF (OZEM).

Portfolio Pulse from Chris Katje

May 23, 2024 | 11:02 pm

DIS

DKNG

WBD

The NBA Playoffs have seen a surprising trend where only one of the top 15 highest-paid players, Rudy Gobert, remains in contention for the championship. The Minnesota Timberwolves, featuring Gobert, are in the Western Conference Finals against the Dallas Mavericks. The current betting odds favor the Boston Celtics, with games being broadcast on Warner Bros. Discovery's TNT and Disney's ESPN and ABC.

Portfolio Pulse from Chris Katje

May 23, 2024 | 10:04 pm

BMY

Bristol Myers Squibb (BMY) will present data on its oncology and hematology portfolio at the upcoming ASCO Annual Meeting and EHA Hybrid Congress.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:52 pm

CHTR

PARA

Charter Communications will make Paramount's direct-to-consumer products available for purchase by its internet-only customers. This partnership aims to expand the reach of Paramount's streaming services and provide more options for Charter's customers.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:39 pm

CHTR

PARA

Paramount Global and Charter Communications have extended their partnership with a multi-year distribution agreement. Key points include continued carriage of Paramount's CBS stations and cable networks, and the inclusion of Paramount+ Essential and BET+ Essential at no additional cost to Spectrum TV Select packages and Mi Plan Latino customers.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:38 pm