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BONKUSD

SOL

Binance's listing of Solana's meme coin BONK led to a significant price surge, with an increase of over 1000% within a month. A trader capitalized on this by selling 52.3 billion BONK for approximately $927,000, securing a profit of around $784,000. The trader had initially acquired 69 billion BONK at $0.0000021 per token and staked them from October 30 to November 29. The listing on Binance, along with Coinbase's consideration of BONK for its exploration roadmap and the launch of BONKBot, has contributed to the enthusiasm around the token.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 1:00 pm

NSANY

The U.S. Office of Defects Investigation (ODI) has initiated a preliminary evaluation into approximately 454,840 Nissan vehicles due to reports of engine failures. The affected models include Nissan Rogue, Altima, and Infiniti Qx50. The investigation follows six complaints about engine failures, power loss, and unusual noises, with some cases showing metal debris in the oil pan. Nissan has made changes in the manufacturing process to address these issues. NSANY shares closed lower by 2.77% at $7.62 on Thursday.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 12:48 pm

SNY

Sanofi SA (NASDAQ:SNY) received a positive opinion from the EMA's CHMP for Fexinidazole Winthrop, the first oral treatment for acute sleeping sickness (rhodesiense). This treatment is for adults and children over six years old and paves the way for WHO guideline updates and distribution in affected African countries. Sanofi's shares are down 0.62% in premarket trading.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 12:25 pm

BTC-USD

ETH-USD

Veteran trader Peter Brandt expressed skepticism about Ethereum's future, suggesting it may not be a tradable asset in 10 years due to high gas prices and inferior store of value compared to Bitcoin. Despite recent gains in the crypto market, Brandt advised watching the ETH-BTC ratio, hinting at a potential decline if it doesn't hold above a certain level.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 12:20 pm

AMZN

DG

DLTR

ETSY

PDD

Amazon is intensifying its efforts in China to compete with online discount retailers Temu and Shein by engaging China-based sellers. Amazon plans to open an innovation center near Shenzhen to support Asia-Pacific sellers with product launches and digital strategies. The company is also extending its supply chain service to Chinese sellers, which simplifies the movement of goods. Despite not operating in China, Amazon has seen a 20% growth in sales from Chinese sellers in 2023. Temu and Shein are expanding their presence, with Temu capturing 17% of the U.S. discount store market share. Amazon is adjusting seller fees to stay competitive, while Etsy is focusing on non-disposable products to differentiate itself.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:10 pm

INTC

MBLY

MSFT

Intel Corp's CEO Pat Gelsinger announced that Intel Foundry Services (IFS) will not be spun off but will operate as a separate business within Intel, starting to report its financials in Q2 of the next year. Unlike Mobileye Global Inc and its programmable chip unit, IFS will not become an independent entity. Gelsinger emphasized the benefits of the integrated operation of Intel's chip design and factory units. He also discussed AI applications, mentioning the high costs for companies like Microsoft Corp to run these workloads in real-time on devices through Azure. Intel shares are up 1.79% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:06 pm

SPOT

X Spaces, previously known as Twitter Spaces, has hosted 28 million live audio conversations this year. X CEO Linda Yaccarino announced a new lineup of Spaces for the New Year. Users are requesting features similar to Spotify's podcast platform, such as the ability to search and listen to historical spaces. Technical issues have been reported by users. The platform, owned by Elon Musk, has been used by notable figures like Ron DeSantis for significant announcements.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 11:56 am

FSR

Fisker Inc. announced the rollout of the final over-the-air software update for the Fisker Ocean in 2023. The company is preparing for regular updates in 2024, indicating a commitment to continuous improvement and customer satisfaction for its electric vehicle offerings.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:32 am

IREN

Iris Energy has announced the acquisition of 1.6 EH/s of Bitmain T21 miners, which will increase its self-mining capacity to 10 EH/s. This strategic move is aimed at expanding the company's Bitcoin mining operations and is expected to enhance its overall mining efficiency and output.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:28 am

RELX

RELX's unit Cirium has partnered with ACI World to enhance the Airport Service Quality Program by providing comprehensive data collaboration. This partnership aims to strengthen the program, which is considered a leading service quality benchmark for airports worldwide.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:25 am