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SWIN

SOLOWIN HOLDINGS (NASDAQ:SWIN) announced its expansion into the Private Wealth Management business through its new Hong Kong subsidiary, Solomon Private Wealth Limited. The company aims to serve high-net-worth individuals, family offices, and trusts with a range of wealth management services. This move is supported by the opening of a new office in Hong Kong's International Commerce Center, reflecting SOLOWIN's commitment to diversifying its services and catering to next-generation investors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:16 pm

ATHM

CANG

KMX

UXIN

Cango Inc. (CANG) is shifting its focus to exporting used Chinese cars to developing markets with its new app, AutoCango, after facing intense competition in China's car market. Despite a 73% revenue drop in Q4 last year, Cango's stock has risen due to its conservative financial approach and substantial cash reserves. The company's domestic business struggles, but it aims to capitalize on China's position as a top auto exporter. Cango's cost-cutting measures have narrowed losses, and it is adjusting its business model to lower risk by focusing on intermediary services.

Portfolio Pulse from The Bamboo Works

March 14, 2024 | 1:15 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed trading signals, with Ethereum completing the 'Dencun' upgrade. Dogecoin's value may rise as Tesla considers accepting it for payments. Hacken's market cap reaches $57M after unveiling a tokenized share offering. Bitcoin critic Peter Schiff expresses regret over not investing in Bitcoin earlier. Crypto miners see record profits amid a Bitcoin rally. US markets see mixed movements with Hello Group and others moving lower. Political and global events include potential lawsuits, defense decisions, and tech partnerships. Electric vehicle market updates include Tesla's plans and competition from Polestar. Consumer, communication, healthcare, general news, space, and energy sectors also see significant updates.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 1:13 pm

MSFT

Speculation surrounds Microsoft Corp. (NASDAQ:MSFT) after a possible hint at the introduction of GPT-5 Turbo in its Copilot Pro subscription was dismissed as a typographical error. Despite the clarification, the typo has fueled ongoing speculation about the advancement in AI technology, particularly in the context of the competitive landscape with companies like Anthropic introducing advanced models.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 1:11 pm

GBTC

IBIT

Bitcoin ETFs saw a net inflow of $683 million on March 13, with BlackRock's IBIT leading with $586 million in inflows, contrasting with Grayscale Bitcoin Trust's $276 million outflow. The interest in Bitcoin ETFs, especially IBIT, indicates growing investor confidence in cryptocurrency assets managed by established firms. The upcoming listing of Bitcoin ETFs on major asset management platforms and the introduction of options trading are expected to further integrate cryptocurrencies into mainstream financial markets.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 1:04 pm

GRI

GRI Bio, Inc. (NASDAQ:GRI) announced the Canadian Intellectual Property Office's notice of allowance for a patent covering NKT cell modulators for treating inflammatory, fibrotic, and autoimmune diseases. This development is part of GRI Bio's efforts to protect its innovative pipeline globally. The company is advancing its lead program, GRI-0621, for treating Idiopathic Pulmonary Fibrosis, with interim Phase 2a data expected in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:02 pm

NURO

NeuroMetrix has published a study showing that its DPNCheck product is effective in diagnosing Diabetic Peripheral Neuropathy, a common complication of diabetes.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:01 pm

FMST

Foremost Lithium CEO Jason Barnard stated that the current slump in lithium prices is temporary and raising capital is challenging due to high interest rates affecting EV growth expectations. Despite this, long-term demand for lithium remains strong, supported by government initiatives in North America to strengthen domestic supply chains for EV minerals. Foremost Lithium (NASDAQ:FMST) is seeking CAD 10 million from Canada's Critical Mineral Infrastructure Fund for a project in Manitoba and has commenced drilling at its Jean Lake property.

Portfolio Pulse from Matt Whittaker

March 14, 2024 | 12:43 pm

AUUD

HEAR

PGY

Auddia announced a beta program for subscription podcasting with a pay-per-play model on the Faidr app, boosting AUUD shares by 42%. Turtle Beach's acquisition of PDP and Q4 financial results led to a 31% increase in HEAR shares. Pagaya Technologies' announcement of a public offering at $12.70 per share resulted in a 15% decrease in PGY shares.

Portfolio Pulse from ryanfaloona@benzinga.com

March 14, 2024 | 12:42 pm

QTI

QT Imaging Holdings has delivered a Breast Acoustic CT Scanner for a study on early identification of breast cancer patients' response to neoadjuvant chemotherapy. This is part of a collaboration with Sunnybrook Health Sciences Centre, The University of Illinois, and funded by a five-year NIH/NCI grant.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:38 pm