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LTRY

Sports.com, Inc., a subsidiary of Lottery.com, has expanded its content portfolio by acquiring the rights to broadcast the next three Extreme Fighting Championship events in Saudi Arabia and the UAE.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:02 am

BTCUSD

SHIBUSD

Shytoshi Kusama, Shiba Inu's lead developer, shared a cryptic 'EVITA' teaser, sparking speculation of potential investments in Argentina. This coincides with Elon Musk endorsing Argentina as a crypto-friendly destination and President Milei's advocacy for Bitcoin. SHIB saw a 3.05% decline in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 7:40 am

FUTU

Futu's Moomoo app has reached one million downloads in Japan since its launch. The app, which began offering U.S. stock trading in September 2023 and Japanese stock trading in March 2024, is operated by Moomoo Securities Japan Co., Ltd., a wholly-owned subsidiary of Futu. This subsidiary is licensed and a member of key financial and securities associations in Japan.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:25 am

BA

Boeing Co's (NYSE:BA) first crewed flight test of the Starliner spacecraft to the ISS is delayed to no earlier than May 17, due to an issue with the Atlas V rocket. United Launch Alliance will replace a faulty valve, with the launch now set for 6:16 p.m. EDT, May 17. This delay follows several postponements since the spacecraft's initial uncrewed test flight was planned in 2015. Success in the upcoming test could position Boeing alongside SpaceX as a private company shuttling astronauts to the ISS for NASA.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:45 am

TSLA

Tesla Inc (NASDAQ:TSLA) will shut down its Berlin gigafactory for only one day this week, contrary to initial reports of a four-day halt. The brief shutdown, confirmed by Senior Director of Manufacturing Andre Thierig, is due to protests against the company's expansion efforts. Despite challenges, including a recent arson attack and local opposition to factory expansion, Tesla aims to double the plant's capacity. Tesla's new car registrations in the EU fell by 4.7% in Q1.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:22 am

BTCUSD

LTCUSD

Litecoin (LTC) has emerged as the leading cryptocurrency for payments, surpassing Bitcoin (BTC) and other major assets in April, with over 41% of global crypto payments processed in LTC, according to BitPay. This marks the fourth consecutive month of Litecoin leading in payment usage. Despite its success and recognition as a 'commodity' alongside Bitcoin, Litecoin remains undervalued, ranking 19th in market capitalization at just over $6 billion. Its Network Value-to-Transaction ratio suggests it may be undervalued, yet its price has fallen 77% from its all-time high in May 2021.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 4:24 am

CMCSA

DIS

Disney is enhancing its streaming service by adding an ESPN tile to Disney+ for U.S. subscribers, aiming to include select live games and studio programming by end of 2024. CEO Bob Iger also announced a shift in Marvel's content strategy to focus on quality over quantity, reducing the number of TV series and films produced annually. Additionally, Iger expressed confidence in securing a long-term NBA rights deal for ESPN. These strategic moves come as Disney's direct-to-consumer segment reaches profitability, despite moderating growth in its parks segment. Disney is also in negotiations with Comcast Corporation over Hulu's valuation.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:18 am

DIS

NFLX

Bob Iger, CEO of Walt Disney Co (NYSE:DIS), announced a global crackdown on password sharing, taking inspiration from Netflix Inc (NASDAQ:NFLX), which he referred to as the streaming 'gold standard'. Disney plans to start implementing this policy in select markets next month, with a global rollout in September, expecting it to contribute to future growth. This move follows Netflix's reported success with its own password-sharing crackdown, which led to increased engagement and new user registrations. Disney's Q2 earnings showed a slight revenue growth and a notable adjusted EPS beat, with varied performance across its entertainment, sports, and experiences segments.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 2:47 am

AAPL

Elon Musk questioned the effectiveness of Apple Inc.'s (AAPL) $30 billion R&D investment following the launch of the new iPad Air 6 and iPad Pro models. Musk's comments on X, formerly Twitter, were in response to a meme comparing the investment to the slight increase in thickness of the new iPad Pro. He suggested that Apple might be working on secret products. This discussion highlights the differences in R&D spending effectiveness between companies like Tesla, Apple, and Microsoft.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) announced the Apple Pencil Pro at the 'Let Loose' event, expanding its lineup to four models. The new model, priced at $129, introduces features like a barrel roll, squeeze gesture, haptic feedback, and Find My support, compatible with various iPad models. Other models include the 2nd Generation, USB-C version, and the 1st Generation, each with distinct features and compatibility. The launch follows significant developments in Apple's product lineup, including the iPad Pro with an M4 chip and OLED display, and the iPad Air 6.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 1:49 am