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GM

Cadillac has announced its new 2025 Optiq, which will be sold in over 10 regions, including Europe. Production is set to begin in late fall 2024, with pricing starting at an estimated $54,000. The vehicle will feature an 85-kilowatt-hour battery pack, offering an estimated range of 300 miles on a full charge.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:02 pm

BTCUSD

ETHUSD

Glassnode's latest newsletter highlights Bitcoin's consolidation near its all-time high and Ethereum's ETF-induced surge as signs of a strong crypto market. Bitcoin has shown significant gains and renewed interest from long-term investors, while Ethereum's price rally was driven by the SEC's approval of Ethereum Spot ETFs.

Portfolio Pulse from Ivan Crnogatić

May 29, 2024 | 3:42 pm

LVS

Las Vegas Sands (LVS) plans to construct a new building in Singapore, as announced by the CEO during the Bernstein Conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:22 pm

ETHUSD

MATICUSD

USDCUSD

Crypto bettors on Polymarket predict a 76% chance of former President Donald Trump being found guilty in his New York criminal trial related to falsifying business records. The market has seen over $77,000 in bets. Another market predicts only a 14% chance of Trump being jailed before the 2024 election. Polymarket allows users to bet using cryptocurrencies like MATIC, USDC, and ETH.

Portfolio Pulse from Chris Katje

May 29, 2024 | 3:22 pm

ANF

Abercrombie & Fitch CEO Fran Horowitz discussed the current state of the retail industry on CNBC, highlighting the company's strategies and market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:21 pm

MSFT

Microsoft is integrating Bing Maps for Enterprise with Azure Maps, and will retire Bing Maps for Enterprise. This move aims to enhance mapping services for enterprise customers by leveraging Azure's capabilities.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:20 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares are down over 3% following the company's announcement to lower prices on over 1,300 products and introduce new promotional campaigns. Despite these efforts, concerns over the profitability of Walgreens' healthcare model, highlighted by a $6 billion loss reported by VillageMD, are impacting investor sentiment.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 3:13 pm

MU

NVDA

QCOM

SMH

SOXX

The semiconductor industry is experiencing a surge, with key players like Nvidia, Micron, and Qualcomm driving semiconductor-tracking ETFs such as SMH and SOXX to new 52-week highs. Factors like robust demand, supply chain improvements, and technological advancements are fueling this rally.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 3:08 pm

BX

Investors have taken a bearish stance on Blackstone (NYSE:BX), with significant options trades indicating a potential price range of $115.0 to $125.0. The sentiment is predominantly bearish, with 66% of the trades being puts. Blackstone's stock is currently down by 3.32%, trading at $117.18.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 3:01 pm

OILFF

Nextleaf Solutions Ltd. reported a 57% year-over-year increase in net revenue for Q2 2024, reaching CA$3.4 million. The company also saw a significant improvement in gross profit and margins, despite a reported loss due to non-cash share-based compensation expenses. Nextleaf continues to expand its product offerings and market reach.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 3:00 pm