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Shiba Inu (CRYPTO: SHIB) has seen a 172% increase in its burn rate, coinciding with a market price rebound. The burn removed over 5 million SHIB tokens, contributing to a recovery from recent lows. SHIB's price has risen, trading up by 3% in the last 24 hours. The Shiba Inu community is excited about ecosystem upgrades, including a user interface update for Shibarium and expanded wallet compatibility.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:58 pm

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This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

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Wall Street faced a downturn with the S&P 500 and Nasdaq Composite experiencing significant drops, attributed to inflation fears and monetary policy concerns. Despite this, bullish and bearish perspectives emerged on stocks like Tesla, DraftKings, Broadcom, and Canopy Growth, alongside discussions on Dogecoin's potential. The Federal Reserve's stance on interest rates and geopolitical risks also influenced market sentiment.

Portfolio Pulse from Michael Cohen

April 20, 2024 | 1:42 pm

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Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

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FBI Director Christopher Wray warns of Chinese state-sponsored hackers targeting U.S. critical infrastructure, highlighting the importance of operational technology (OT) security. Three OT startups, Dragos Inc., Claroty, and Nozomi Networks, are noted for their significant venture capital funding in response to these threats. The article also mentions Microsoft's identification of the Chinese hacking group 'Volt Typhoon' as a major threat and lists five cybersecurity ETFs as investment considerations.

Portfolio Pulse from Anthony Noto

April 20, 2024 | 12:50 pm

TSLA

Elon Musk hinted at the imminent launch of Tesla's Full Self-Driving (FSD) feature in China in response to a Chinese Tesla owner's inquiry. This follows Tesla's decision to halve the price of its FSD package, making it more accessible. The FSD software, still in beta and requiring driver supervision, is expected to see significant improvements, with Musk announcing three major updates every two weeks. Additionally, Tesla has restarted its offer to allow FSD software transfer to new vehicle purchases.

Portfolio Pulse from Navdeep Yadav

April 20, 2024 | 8:04 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) reduced the prices of its Model S, X, and Y vehicles in the U.S. by $2,000, marking a strategy shift that has previously been criticized. This move comes as Tesla faces negative volume growth, with first-quarter deliveries declining year-over-year for the first time since Q2 2020. The price cuts are seen as a response to declining auto gross margins and overall pressure on the EV industry. Tesla also ended its referral program in the U.S. and announced layoffs, including high-profile executives. The company is set to report its first-quarter results soon, with analysts expecting a decrease in earnings per share and revenue compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 3:57 am

MAPS

Weedmaps (NASDAQ:MAPS) reports significant consumer trends ahead of 4/20, highlighting a substantial increase in sales, orders, and consumer engagement on the platform. Data shows a 200% surge in deal redemptions, a 100% increase in deal claims, and notable price reductions across cannabis products. The average order value rose to $96.22, a 14% increase, with a 25% increase in items per basket. Vape pens, edibles, and cannabis flowers saw significant growth in orders, particularly among Gen Z and consumers aged 50+.

Portfolio Pulse from Rolando García

April 19, 2024 | 10:44 pm

MSFT

Six months following Microsoft's acquisition of Activision Blizzard, Holly Longdale, an executive at World of Warcraft, shared that Microsoft has allowed Blizzard to maintain its autonomy, stating 'There's no one asking us to do anything.' Longdale praised the supportive environment and the opportunities for collaboration with other Microsoft-owned studios. Despite the positive integration, Microsoft's gaming division faced layoffs affecting 1,900 employees and project cancellations. Blizzard also announced a new World of Warcraft expansion, 'The War Within,' generating anticipation.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 8:32 pm