Streetbeat News

Products Services

GOOG

GOOGL

Google plans to test a new 'Tracking Protection' feature in Chrome that limits the use of tracking cookies by advertisers starting January 2024. This feature will initially affect 1% of Chrome users globally. The move is part of Google's broader initiative to phase out third-party cookies by the second half of 2024, which has raised concerns among advertisers about data collection for ad personalization. BofA Global Research notes that media agencies with large-scale proprietary insights may benefit from this change.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 7:02 am

LTHM

Livent Corporation has taken a minority stake in ILiAD Technologies to enhance its position in direct lithium extraction processes. This strategic investment aims to strengthen Livent's leadership in the lithium industry.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 6:46 am

GM

TSLA

GM CEO Mary Barra acknowledged Tesla's significant contribution to the EV market but anticipates changes in market dynamics as competition increases. Barra envisions a future with all vehicles being emissions-free, either electric or hydrogen fuel cells, within 25 years. Despite GM being the largest U.S. auto seller, its EV sales remain a small fraction of its total sales, while Tesla sold over 435,000 EVs globally in Q3. GM withdrew its EV production targets during its Q3 earnings call without setting new ones.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 6:27 am

BTCUSD

Bitcoin's price surged past $44,000, driven by optimism around potential Bitcoin spot ETFs and positive sentiment from politicians and institutions. Eli Taranto of EQITrade discussed the growing acceptance of Bitcoin, the role of CBDCs in finance, and reflected on Cathie Wood's prediction of BTC reaching $1 million, suggesting a $500,000 target is possible. Presidential candidates are increasingly discussing crypto, indicating its integration into the global economy. BTC was trading at $42,784 at the time of the article.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:52 am

F

TSLA

Gary Black, Managing Partner of Future Fund, highlighted Tesla, Inc. (NASDAQ:TSLA) as the 'only investable EV play' amid cutbacks from other automakers like Ford Motor Co. (NYSE:F). Tesla's stock closed above $250, marking a significant rebound. Black pointed to Tesla's favorable valuation, growth prospects, and potential benefits from falling interest rates. He predicts a significant increase in Tesla's EV market share and earnings per share by 2030, excluding potential revenues from full-self driving, robotaxi, or the Tesla Bot.

Portfolio Pulse from Shanthi Rexaline

December 15, 2023 | 5:26 am

BTCUSD

Bitcoin's price surged past $44,000, influenced by the Federal Reserve's decision to maintain interest rates and optimism for Bitcoin spot ETFs. Eli Taranto of EQITrade, parent company of EQI Bank, expressed confidence in Bitcoin's potential and the positive stance of politicians and institutions. He also discussed the benefits of CBDCs and the importance of public-private collaboration in finance. Taranto commented on Cathie Wood's prediction of Bitcoin reaching $1 million, suggesting a $500,000 target as possible due to the demand and access an ETF would provide.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:21 am

AMZN

RIVN

T

Gary Black, Future Fund Managing Partner, is optimistic about Rivian Automotive Inc's prospects, expecting it to deliver 54,000 vehicles in 2023, including 14,000 delivery vans. AT&T Inc announced a pilot program to purchase EVs from Rivian, marking Rivian's first deal since ending its exclusivity agreement with Amazon.com Inc. Black predicts Rivian will become gross margin positive by Q4 2024 and EBITDA positive by 2026. Rivian shares closed 14% higher at $22.43 following the announcement.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 5:05 am

SOL

Solana's blockchain-powered smartphone, Saga, has experienced a tenfold increase in sales, nearing a sell-out, driven by an airdrop of over 30 million BONK tokens for Saga owners. The BONK token's value has risen by 6900%, and Solana Mobile has reduced the Saga's price from $1,000 to $700 to encourage adoption. The sales surge and price reduction reflect the growing interest in web3 and meme coins in the cryptocurrency market, with SOL also seeing a 31% increase in value over the past month.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 4:54 am

COIN

Solana's meme token BONK has seen a 75% price surge after being added to Coinbase's roadmap, with its trading volume increasing by 140%. Dogecoin and Shiba Inu also experienced gains. Analysts are divided on BONK's future, with one predicting a 20x increase and another warning of a potential correction.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 4:00 am

MSFT

OpenAI CEO Sam Altman debunked rumors of a GPT 4.5 leak with a simple 'nah' on X (formerly Twitter). Speculations arose from social media posts showing potential features and pricing of GPT 4.5. Despite the rumors, details about the release of GPT 4.5 and GPT 5 remain unclear. OpenAI, which is backed by Microsoft Corporation (NASDAQ:MSFT), has also filed for trademarks for GPT-6 and GPT-7, indicating a focus on future developments.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 3:29 am