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Elon Musk agrees with a prediction that every middle-class American household will have a domestic robot within seven years, as discussed on the All-In Podcast. This aligns with the efforts of tech giants like Apple and Amazon, who are advancing in the home robotics sector. Apple has shifted focus to robotics with projects like a mobile robot and a device with a robotic arm, while Amazon is developing an upgraded version of its home robot 'Astro' with advanced AI features.

Portfolio Pulse from Ananya Gairola

April 22, 2024 | 1:31 am

BTCUSD

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Bitcoin (BTC) transaction fees have hit a five-year low, as reported by CryptoQuant analyst Julio Moreno. This decrease follows a period of increased fees after the Bitcoin halving event and the introduction of the Runes token standard, which initially drove up transaction costs. Despite the high activity associated with Runes, including a transaction that incurred over $500,000 in fees, the average daily transaction fee on the Bitcoin network has significantly dropped. This reduction in fees is notable, especially in the context of the halving, which decreased block rewards for miners. Unlike Ethereum (ETH), which has implemented upgrades like the Dencun upgrade to lower transaction fees, Bitcoin has no immediate plans for similar changes.

Portfolio Pulse from Bibhu Pattnaik

April 21, 2024 | 8:53 pm

AAPL

Bloomberg's Mark Gurman suggests Apple Inc. (AAPL) should lower iPhone prices to address slowing sales and challenges in China, including a ban on foreign brands and consumer preference for local technology. After a 13% drop in China sales, Apple faces pressure to attract new users and encourage upgrades. Gurman proposes a cheaper iPhone model to penetrate emerging markets, despite concerns about diluting Apple's premium brand. Apple plans to upgrade the iPhone SE in 2025 with a potential price above $400, but Gurman recommends a $250 price point for significant impact.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 4:36 pm

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Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

MRMD

At the Benzinga Cannabis Capital Conference in Florida, industry leaders, including MariMed's CEO John Levine, discussed strategies for scaling cannabis businesses amidst challenges. Levine highlighted MariMed's focus on strategic expansion through vertical integration and mergers. Seth Yakatan emphasized the importance of focusing on core strengths for cash flow, while Alex Gray of Good Day Farm advocated for efficiency and cost reduction. The panel also addressed the hurdles of raising capital, supply chain complexities, and the need for market-specific adaptations. A shift in investor attitudes towards valuing sustainable growth over rapid expansion was noted.

Portfolio Pulse from Nicolás Jose Rodriguez

April 21, 2024 | 2:53 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has reduced prices for its electric vehicles in China by 4% to 6% and cut the U.S. price of its full self-driving (FSD) software by $4,000. The price cuts in China affect all trim levels of the Model 3 and Y, as well as the high-end Model S and X EVs. In the U.S., the FSD software price was reduced from $12,000 to $8,000. These price reductions are part of Tesla's strategy to focus on high-margin recurring revenue streams, despite potential hits to EV business profits. The company expects these cuts to cost $900 million annually, impacting earnings by 20 cents per share. If implemented globally, the cost could rise to $2.7 billion or 60 cents per share in earnings. Tesla's stock closed down 1.92% at $147.05, the lowest since late-January 2023.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 12:34 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is considering expanding its manufacturing base to Indonesia, following discussions between CEO Tim Cook and Indonesian President Joko Widodo. Additionally, Apple faces new competition in China from Huawei Technologies Co.'s launch of its Pura 70 smartphone series, challenging the iPhone in the high-end market segment. Apple executive Phil Schiller expressed uncertainty about the App Store's profitability, and the company is also dealing with a China-linked espionage campaign targeting iPhones. Apple is pushing back against Epic Games' lawsuit over App Store practices.

Portfolio Pulse from Benzinga Neuro

April 21, 2024 | 4:29 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 172% increase in its burn rate, coinciding with a market price rebound. The burn removed over 5 million SHIB tokens, contributing to a recovery from recent lows. SHIB's price has risen, trading up by 3% in the last 24 hours. The Shiba Inu community is excited about ecosystem upgrades, including a user interface update for Shibarium and expanded wallet compatibility.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:58 pm

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This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

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TSLA

Wall Street faced a downturn with the S&P 500 and Nasdaq Composite experiencing significant drops, attributed to inflation fears and monetary policy concerns. Despite this, bullish and bearish perspectives emerged on stocks like Tesla, DraftKings, Broadcom, and Canopy Growth, alongside discussions on Dogecoin's potential. The Federal Reserve's stance on interest rates and geopolitical risks also influenced market sentiment.

Portfolio Pulse from Michael Cohen

April 20, 2024 | 1:42 pm