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COIN

Donald Trump announced plans to make the U.S. the 'crypto capital of the planet' through a new platform, World Liberty Financial, rebranded from 'The DeFiant Ones'. The platform, promoted by Trump's sons, aims to rival traditional banking and attract crypto voters and donors.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:58 pm

LUCY

TGT

Innovative Eyewear Inc (NASDAQ:LUCY) shares surged after announcing the sale of its Lucyd Lyte frames on Target.com, expanding its U.S. market presence. The stock, with a low float of 1.31 million shares, saw trading volume exceed 14 million, driving a 71.9% price increase.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 5:51 pm

MSFT

OpenAI announced that ChatGPT usage has doubled over the past year, reaching over 200 million weekly active users.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:44 pm

NBIX

Neurocrine Biosciences' Phase 2 study of NBI-1117568 for schizophrenia shows promising results with a 20 mg dose, leading to an analyst upgrade from Piper Sandler. The stock is up 3.64% following the news.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 5:22 pm

DAL

JOBY

Joby Aviation is rumored to have partnered with Virgin Atlantic for a commemorative eVTOL photo shoot in London. This aligns with its existing deal with Delta, which owns half of Virgin Atlantic, suggesting a partnership for premium air-taxi services from vertiports to airports.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:19 pm

SNDL

SNDL Inc. has successfully bid to acquire Indiva Limited's business and assets, including its facility and brand portfolio, to enhance its market share in the Canadian cannabis edibles sector. The transaction awaits court approval and is expected to close in SNDL's fourth quarter.

Portfolio Pulse from Jelena Martinovic

August 29, 2024 | 5:05 pm

GME

MSFT

SONY

GameStop is converting some stores into retro gaming retailers, focusing on older consoles and games to attract nostalgic gamers. This move aims to counteract the shift towards digital gaming and boost sales. GameStop's stock has risen recently, and more details may be revealed in their upcoming financial report.

Portfolio Pulse from Chris Katje

August 29, 2024 | 4:53 pm

LOUP

RDDT

Reddit, Inc. (NYSE:RDDT) shares surged after resolving a platform outage issue. The company reported strong second-quarter revenue and positive third-quarter forecasts. Investors can access Reddit stock via Innovator Deepwater Frontier Tech ETF (NYSE:LOUP).

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:45 pm

COIN

SQ

Bridge, a new initiative by former Coinbase and Square executives, aims to enhance stablecoins with $58 million in funding. Stablecoins like Tether and USDC are gaining popularity for cross-border remittances and DeFi payments.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:37 pm

USO

Iraq's Prime Minister has reaffirmed the country's commitment to OPEC's oil output policies and the OPEC+ agreement during a meeting with the OPEC Secretary General.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:36 pm