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LUXH

LuxUrban Hotels announced that The Royalton by LuxUrban, part of the Trademark Collection by Wyndham, will start receiving guests in January. This news indicates the expansion of LuxUrban Hotels' operations and its partnership with Wyndham.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:05 pm

AAPL

ARKW

EBAY

FLXS

GOOGL

HOOD

STLA

TSLA

Shiba Inu (SHIB) sees a 400% increase in token burns and $1.38M in whale acquisitions. Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M by 2030. Robinhood lists all Bitcoin Spot ETFs, while Elizabeth Warren criticizes SEC's approval of them. Flexsteel Industries reports strong preliminary results. Trump's town hall garners 4.4M views, and US sanctions Russian entities over missile purchases. Apple and Google make tech headlines with new initiatives and layoffs, respectively. Tesla faces a share price drop and announces a price cut in China. Stellantis invests in battery tech, and eBay settles a harassment case.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 1:04 pm

TSLA

Tech YouTuber Marques Brownlee, known as MKBHD, has listed his 2021 Tesla Model S Plaid for sale on 'Cars & Bids'. The car has attracted a high bid of $80,555, which is close to the starting price of a new Model S Plaid. The car features a yoke steering wheel, full self-driving capability, and unique exterior modifications. It is still under Tesla's basic vehicle and battery warranties. Brownlee teased a new video for the reason behind the sale.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 12:40 pm

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla Inc (NASDAQ:TSLA) investor, criticized the potential integration of Elon Musk's Grok AI into Tesla vehicles. He believes it's a conflict of interest for Tesla shareholders if they don't own the AI OS on Tesla cars, suggesting instead that Tesla should develop its own Large Language Model (LLM) using its resources and AI team. Musk has previously hinted at a partnership between Tesla and his AI startup, xAI, to integrate Grok AI into Tesla cars.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 12:23 pm

COST

SBUX

Costco Wholesale Corporation (NASDAQ:COST) opened its first store in southern China, attracting huge crowds and implementing crowd control due to high demand. The economic slowdown in China has led to a surge in budget shopping, with consumers favoring daily groceries over luxury items. Starbucks Corporation (NASDAQ:SBUX) is also mentioned as offering deals to attract customers. COST shares saw a slight increase in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 12:17 pm

BABA

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) stock has dropped 77% from its 2020 peak due to slow domestic sales, competition, and changes in leadership and strategy. Despite this, Alibaba's DingTalk platform reached 700 million users and is innovating with an AI agent. Alibaba's Taobao and Tmall Group are testing new AI tools for merchants, and Cainiao is launching a new service in the U.S. BABA shares traded lower by 0.41% at $72.08 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:16 pm

IDXX

IDEXX Laboratories announced the expansion of its Fecal Dx antigen testing platform to include Cystoisospora detection. This marks the second expansion of the platform in less than two years, aiming to detect common intestinal parasites earlier and uncover more infections.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:07 pm

AUVI

Applied UV Inc. has announced the launch of its new Fighter Flex LED solution, which will be showcased at the upcoming AHR Expo on January 22. This new product represents an expansion of the company's offerings in the LED market.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:01 pm

BAC

Bank of America has added 4.6 million credit card accounts in 2023, indicating potential growth in its consumer banking segment and possibly reflecting an increase in consumer spending or credit demand.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:47 am

DCPH

Genesis Pharma and Deciphera Pharmaceuticals (DCPH) have entered into an exclusive distribution agreement for Ripretinib in 14 European markets, specifically in Central and Eastern Europe. The agreement focuses on the commercialization of Ripretinib for the treatment of fourth-line gastrointestinal stromal tumor (GIST).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:39 am