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BTCUSD

The meme cryptocurrency named after Donald Trump, TRUMP, surged 50% following his statement against central bank digital currencies (CBDCs). Trump's declaration came during a campaign event in New Hampshire. The TRUMP token has a market cap of $39.81 million, a liquidity pool of $1.57 million, and a circulating supply of 46.50 million tokens. The trading volume over the past 24 hours reached $1.41 million. The coin, which is not affiliated with Donald Trump, saw its market cap exceed $30 million on January 16 after Trump's Iowa Caucus victory.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 10:46 am

BLNK

CHPT

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GM

TSLA

The U.S. Transportation Department is allocating $148.8 million to refurbish or replace approximately 4,500 existing electric vehicle (EV) charging stations across 20 states. This federal funding is part of an effort to improve the nation's EV infrastructure and support the growing adoption of electric vehicles.

Portfolio Pulse from Charles Gross

January 18, 2024 | 10:10 am

QSG

QuantaSing has announced the launch of its private label Chinese Baijiu brand, YUNTING. Baijiu is a traditional Chinese spirit, and the introduction of YUNTING represents QuantaSing's entry into the alcoholic beverage market. The company's stock symbol is QSG.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 10:06 am

FSM

Fortuna Silver Mines reported a 6% sequential increase in Q4 gold equivalent production, while silver production decreased by 19% compared to the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 10:06 am

XYL

Xylem has secured a three-year contract with Publiacqua to support sustainable water management in Italy. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 10:02 am

BA

Akasa Air, an Indian carrier, has placed a follow-on order for 150 Boeing 737 MAX jets, including 737-10 and 737-8-200 models, to support its domestic and international expansion. The announcement was made at the Wings India 2024 airshow, reinforcing Akasa Air's commitment to an all-737 fleet.

Portfolio Pulse from Charles Gross

January 18, 2024 | 9:58 am

BYDDF

TSLA

Wells Fargo analyst Colin Langan predicts Tesla Inc. (NASDAQ:TSLA) will face a challenging year with only a 13% growth in deliveries, below its 50% target. Tesla's price reductions in China, a production halt in Germany, and macroeconomic issues could impact its performance. Langan expects a lower 15.4% gross margin for the latest quarter and has reduced Tesla's stock price target to $223. Meanwhile, BYD Co Ltd (OTC:BYDDF), supported by Warren Buffett, has overtaken Tesla in global EV sales.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 9:48 am

TSLA

Tesla Inc.'s Model X dual motor now qualifies for a $7,500 federal EV tax credit, but only if purchased in stealth grey. This is due to a recent price increase for all other color options, which would push the vehicle's price over the $80,000 cap for the tax credit eligibility. The Model X's eligibility comes after a price reduction in September, which initially brought its starting price below the federal cap.

Portfolio Pulse from Anan Ashraf

January 18, 2024 | 9:47 am

HUIZ

Huize reported a 98.6% customer satisfaction rate for its online customer services and has assisted over 1 million families in resolving claims in 2023.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:26 am

SOL

The meme coin Dogwifhat (WIF), which operates on the Solana (SOL) blockchain, saw a 35% increase in value after Binance announced the launch of a USDⓈ-M WIF Perpetual Contract with up to 50x leverage. The announcement led to a surge in trading volume for WIF, with a 72% increase from the previous day, and a market capitalization now exceeding $454 million. This follows a trend of meme coins on Solana gaining popularity, as seen with BONK's previous rise.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 9:01 am