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WYN

The rise of short-term vacation rentals is challenging the traditional timeshare industry, with consumers, especially millennials, preferring the flexibility and variety offered by companies like Airbnb and Vacasa. Industry experts predict a decline in timeshares, suggesting a shift towards alternative accommodations and investment models. Wyndham Worldwide Corporation (NYSE:WYN) reports growth in the timeshare market, but the trend may reverse if the industry doesn't adapt.

Portfolio Pulse from Brett Hershman

March 01, 2024 | 3:08 am

DIA

QQQ

SPY

Ray Dalio, former co-chief investment officer of Bridgewater Associates, shared his analysis on LinkedIn, stating the U.S. stock market is not in a bubble. He used several indicators to reach this conclusion, placing the market in the mid-range (52nd percentile) and not exhibiting typical bubble characteristics. Dalio also mentioned the 'Magnificent 7' stocks as slightly frothy but not in a bubble. Despite this, he warned of a potential significant correction, especially if generative AI doesn't meet expectations. Meanwhile, the SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average (DIA), and Invesco QQQ Trust (QQQ) have shown positive performance this year.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 2:18 am

DOGE-USD

A property in Portugal has been listed for sale in Dogecoin (CRYPTO: DOGE), marking a significant move towards integrating digital currency with real estate. This initiative, led by Dogecoin developer Paulo Vidal and facilitated by Remax Portugal, demonstrates the growing acceptance of cryptocurrencies. The transaction process is integrated into Remax's system, allowing payments in Dogecoin without altering the agency's existing infrastructure. This development not only showcases Dogecoin's potential beyond an internet currency but also sets a precedent for cryptocurrency in real estate transactions.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 12:45 am

PFE

Pfizer Oncology has announced the formation of a new Oncology organization and outlined its strategic priorities following the acquisition of Seagen in late 2023. The company highlighted its robust portfolio and R&D capabilities, projecting 8+ potential blockbuster medicines by 2030.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 pm

SONY

Sony Group Corp (NYSE:SONY) announced the lineup for March's PlayStation Plus games, featuring titles like EA Sports F1 23, Destiny 2: Witch Queen, Hello Neighbor 2, and Sifu. These games, ranging from racing simulations to horror adventures and martial arts combat, will be available for download from March 5 to April 1. Additionally, three games are leaving the service on March 4. The announcement follows news of Sony cutting 900 jobs and shutting down its London Studio.

Portfolio Pulse from Franca Quarneti

February 29, 2024 | 10:43 pm

HOOD

Robinhood (NASDAQ:HOOD) announced its partnership with Arbitrum, a layer-2 Ethereum blockchain, to integrate into its Robinhood Wallet for simpler and more efficient crypto swaps. This collaboration aims to bridge traditional finance with decentralized finance (DeFi) and could significantly influence traditional investors' interaction with DeFi platforms, potentially increasing adoption and investment in the crypto ecosystem. Arbitrum is noted for its efficiency and lower transaction costs, with a total value locked (TVL) of approximately $3.2 billion.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:28 pm

REE

REE Automotive announces a public offering of its Class A Ordinary Shares, with terms yet to be disclosed. The company plans to grant the underwriter an option to purchase additional shares to cover over-allotments. M&G Investment Management Limited has shown interest in buying shares at the offering price. The proceeds will be used for working capital, product development, and commercialization.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:24 pm

NXU

Nxu shares surged following the announcement that the company successfully charged a Tesla Cybertruck on Feb. 26, showcasing a significant technological achievement.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:23 pm

BAC

BLK

HOOD

SCHW

UBS

WFC

Merrill (Bank of America Corp.) and Wells Fargo & Co. have started offering Bitcoin ETFs to their wealth management clients, following SEC's approval of Bitcoin ETFs. This move is part of a broader trend with firms like Charles Schwab Corp., Robinhood Markets Inc., UBS Group AG, and potentially Morgan Stanley exploring similar offerings. BlackRock Inc. and Fidelity Investments have seen significant inflows into their Bitcoin ETFs, indicating strong demand. However, Vanguard Group Inc. remains skeptical about cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:18 pm

ARIZ

FUFU

Arisz Acquisition Corp. (NASDAQ:ARIZ) has completed its business combination with BitFuFu, a leading company in the digital asset mining industry. The combined entity, BitFuFu Inc., will trade on Nasdaq under the ticker symbols 'FUFU' for Class A ordinary shares and 'FUFUW' for warrants, starting March 1, 2024. This merger, approved by shareholders of both companies, marks BitFuFu's entry into the public market, aiming to expand its global footprint and offerings in cloud-mining, self-mining, and miner hosting. The merger is supported by a $74M PIPE investment to accelerate BitFuFu's growth.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 pm