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Shiba Inu (CRYPTO: SHIB) has been the top-performing cryptocurrency over the past 24 hours, with a 9.06% increase and a weekly gain of 15.89%. Its market cap and volume have also risen by about 9% and 141% respectively. The crypto's future direction is uncertain due to potential impacts from crypto-specific factors and macroeconomic conditions. The launch of the Shibarium, an in-house layer-2 blockchain platform, could transform Shiba Inu into a complete ecosystem, increasing transaction speeds, lowering fees, and boosting the token's utility.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:59 pm

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LCID

NIO

RIVN

TSLA

The week ending August 1 saw a downturn in electric vehicle (EV) stocks due to inflation worries and earnings news. Key events included the resignation of Tesla's CFO Zachary Kirkhorn, PepsiCo's endorsement of Tesla's Semi, and Elon Musk's announcement of a 'mind-blowing' full-self driving software update. General Motors' pricing strategy for its new Cadillac EV was criticized, while Rivian and Lucid reported earnings. GM's Cruise and Alphabet's Waymo received approval for expanded driverless operations in San Francisco. Nio denied rumors of a partnership with Mercedes-Benz.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:30 pm

TSLA

Another alleged breakdown of Tesla's Cybertruck during testing has been reported, adding to previous incidents. The vehicle was spotted on the side of the road, with a Tesla employee seen working under the hood. Despite these incidents, it is normal for vehicles to break down during testing phases. Tesla CEO Elon Musk has previously stated that the Cybertruck could function as an off-road vehicle and adjustments were being made to the vehicle's air suspension system.

Portfolio Pulse from Ananya Gairola

August 12, 2023 | 1:11 pm

GOOG

GOOGL

A leaked video suggests that Alphabet Inc.'s upcoming Google Pixel 8 will feature an 'Audio Magic Eraser' to reduce background noise in audio recordings and a new blue color variant. The source of the video is a recently created Twitter account with no prior posts, so the information should be approached cautiously. The Google Pixel 8 series is rumored to be released in the fall, but the exact timeline hasn't been confirmed.

Portfolio Pulse from Ananya Gairola

August 12, 2023 | 1:10 pm

RIVN

TSLA

Rivian Automotive's (NASDAQ:RIVN) R1T electric vehicle was spotted near Hyundai's research and development facility in South Korea, sparking speculation about Hyundai's plans to develop its own electric truck. This follows Hyundai's release of its next-generation EV platform in June, which aims to support 13 new electric vehicle models. While Hyundai's plans remain unclear, Kia has already announced its intention to add two electric trucks to its lineup by 2027.

Portfolio Pulse from Benzinga Neuro

August 12, 2023 | 12:08 pm

RIVN

TSLA

Tesla's Cybertruck design has been criticized by fans as the vehicle nears its launch, particularly for its interior and the size of its front storage space. Despite the criticism, industry experts believe the Cybertruck has the potential to disrupt the truck market due to its unique design and the 'Tesla factor'. The Cybertruck is being compared to other electric trucks such as Rivian's R1T and Ford's F-150 Lightning.

Portfolio Pulse from Benzinga Neuro

August 12, 2023 | 8:51 am

NKLA

Nikola Corporation (NASDAQ:NKLA) has halted sales and recalled 209 Class 8 battery-electric trucks following a fire probe. The investigation revealed a specific component as the likely source of a coolant leak, which led to the recall to prevent potential safety hazards. Nikola has also urged safety measures for the owners of its Tre battery electric trucks. The company is now focusing on hydrogen fuel cell trucks and will manufacture battery electric trucks only on demand.

Portfolio Pulse from Ananya Gairola

August 12, 2023 | 8:46 am

LZB

La-Z-Boy Incorporated (NYSE:LZB) has launched a marketing campaign featuring an AI-powered recliner prototype called 'The Decliner'. The product generates a cancellation excuse via SMS text when the handle is pulled. The campaign is part of the company's efforts to rejuvenate its brand image and appeal to a tech-savvy generation. The company is also venturing into new arenas such as mobile gaming and sports networks.

Portfolio Pulse from AJ Fabino

August 11, 2023 | 8:58 pm

ATVI

Activision Blizzard's Overwatch 2 launch on Steam has been met with significant criticism, with 90% of user reviews being negative. Despite being among Steam's top five best-sellers by revenue and achieving a peak concurrent player count of 75,000, only 10% of over 50,000 user reviews were positive. Complaints were mainly about the free-to-play monetization, game balance, lack of promised PvE content, and a toxic player base.

Portfolio Pulse from Franca Quarneti

August 11, 2023 | 8:41 pm

JNJ

The U.S. FDA has approved Akeega, a dual action tablet for the treatment of patients with BRCA-positive metastatic castration-resistant prostate cancer. The drug is a combination of niraparib and abiraterone acetate.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:19 pm