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META

Mark Zuckerberg announced that Meta Platforms Inc.'s social media app Threads is testing interoperability with platforms using the ActivityPub protocol, such as Mastodon. This move aims to expand Threads' reach and user interaction. Despite a strong launch, Threads' growth had slowed, but recent download surges suggest renewed momentum. The integration with the Fediverse could further bolster its position against competitors like Elon Musk's Twitter.

Portfolio Pulse from Ananya Gairola

December 14, 2023 | 5:10 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that the Model 3 RWD and Long Range versions will not be eligible for the federal EV tax credit starting next year, while the Model 3 Performance and all Model Y versions remain eligible. The Model Y RWD will become Tesla's cheapest offering, starting at $36,490 after the tax credit. This change follows new guidance aimed at reducing Chinese content in batteries for EV tax credits. Tesla has been cutting prices on its vehicles in the U.S. since the start of 2023.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 4:52 am

AMZN

Twitch, owned by Amazon (NASDAQ:AMZN), is revising its sexual content policies to allow certain previously banned material with a warning label, while maintaining a ban on content related to sex games, sexual violence, and pornography. The changes, in response to streamer feedback, aim to clarify the platform's policies. Mature streams will not be featured on the homepage, and mature-rated game streams will be labeled separately. This follows Twitch's branding guideline revisions six months ago and Amazon's advocacy for federal marijuana legalization.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 4:05 am

ADA-USD

AVAX-USD

BTC-USD

ETH-USD

SOL-USD

The crypto market in 2023 has seen significant gains, particularly for Bitcoin. Regulatory advancements have increased crypto adoption. Solana, Avalanche, and Cardano have shown substantial growth, with Solana leading at 419% gains. Recent developments for these tokens include network upgrades, increased validators, and expansion in DeFi and stablecoin value. Despite a pressured market, these three tokens have outperformed Bitcoin and Ethereum in the short term.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 12:29 am

TSLA

Elon Musk, the world's richest person and CEO of Tesla Inc (NASDAQ:TSLA), is reportedly planning to fund a new university in Austin, Texas. The Bloomberg report cites tax filings from Musk's charity, The Foundation, which indicate a $100 million gift to start a STEM-focused primary and secondary school, with plans to expand into a university offering a traditional curriculum and hands-on learning. The application for tax-exempt status was filed in October 2022 and approved in March 2023. Texas is home to several of Musk's ventures, including Tesla, The Boring Company, and a SpaceX launch site.

Portfolio Pulse from Chris Katje

December 13, 2023 | 11:43 pm

ECDA

EFHT

ECD Automotive Design Inc. (NASDAQ:ECDA), known for customizing classic Land Rover Defenders and Jaguar E-Types with modern touches, has gone public on the Nasdaq Global Market through a SPAC merger with EF Hutton Acquisition Corporation I (NASDAQ:EFHT). The company, which caters to a wealthy clientele including celebrities and athletes, is profitable and considering expansion into the UAE. The SPAC market has seen a significant decline in 2023, making ECD's public debut a notable event.

Portfolio Pulse from Anthony Noto

December 13, 2023 | 10:22 pm

CGC

DBCCF

HITI

NVACF

SNDL

TLRY

ATB Capital Markets highlights deep-value opportunities in Canadian cannabis small-cap stocks, emphasizing overlooked companies like High Tide Inc (HITI) and Nova Cannabis Inc (NVACF) for their positive free cash flow and low trading multiples. The sector is expected to grow despite challenges, with a 10.9% increase forecasted for 2024 and a 9.2% CAGR through 2031. Retailers are predicted to outperform LPs due to scale advantages. Decibel Cannabis Co Inc. (DBCCF) and SNDL Inc (SNDL) are also noted for their market positions and valuations.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 10:22 pm

TSLA

Reddit co-founder Alexis Ohanian has praised the Tesla Cybertruck, comparing it to the APC from the movie 'Aliens' and expressing comfort due to his height. His wife, Serena Williams, a brand ambassador for Lincoln, owned by Ford, subtly distanced herself from the Cybertruck, reaffirming her association with Lincoln. The delivery of the Cybertruck could heat up the competition between Tesla and Ford.

Portfolio Pulse from Chris Katje

December 13, 2023 | 9:52 pm

DIS

Former Rep. George Santos, after being expelled from Congress, has turned to Cameo to earn income, surpassing his Congressional salary. Santos, who faced allegations of lying and federal charges, is listed on Cameo as a 'former Congressional icon' and has completed over 700 videos. Jimmy Kimmel, host of ABC's 'Jimmy Kimmel Live!' owned by Walt Disney Company (NYSE:DIS), used Cameo to request videos from Santos for a segment, leading Santos to demand $20,000 from Kimmel for airing the videos on TV.

Portfolio Pulse from Chris Katje

December 13, 2023 | 9:51 pm

MSFT

NTDOY

SONY

TGT

WMT

Microsoft Corp has reduced the price of the Xbox Series X to $399 for the holiday season, following discounts by Walmart Inc and Target Corp. The new price offers a $100 saving and is expected to last through the end of 2023 in the U.S. Retailers are also offering deals on Xbox accessories. Microsoft plans to continue investing in the Xbox, with mid-generation refreshes expected in 2024. Competitors Sony Group Corp. and Nintendo ADR are also offering holiday deals on their gaming consoles.

Portfolio Pulse from Franca Quarneti

December 13, 2023 | 9:48 pm