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BlackRock Inc, Ark Invest, VanEck, and Grayscale have launched TV commercials to advertise their Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust (IBIT), Ark Invest's ARK 21Shares Bitcoin ETF (ARKB), and VanEck's Bitcoin Trust (HODL) being highlighted. The marketing push aims to attract a new demographic of investors amid a competitive environment with low fees. Influencers and analysts have weighed in on the importance of marketing for Bitcoin ETFs, with differing views on the future value of Bitcoin.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 5:07 pm

MGA

Magna International Inc (NYSE:MGA) unveiled its 800V eDrive technology at CES 2024, which could revolutionize the EV market with its high efficiency, power-to-weight ratio, and torque density. The eDrive's unique ability to rotate 90 degrees around the drive axis enhances vehicle design flexibility. Magna also introduced a road safety technology for detecting alcohol levels in drivers, addressing a significant safety concern. Despite a 20% drop from its 52-week highs, Magna remains a solid dividend stock with a forward yield of 3.24%.

Portfolio Pulse from Surbhi Jain

January 15, 2024 | 4:48 pm

TLRY

Panama has granted seven licenses for the production and distribution of medical cannabis, marking a significant step in regulatory progress and economic opportunity. The licenses were awarded to various consortia and companies after a rigorous evaluation process. This development is seen as a triumph for Panamanian entrepreneurs and patients and sets a precedent for Central American countries in the medical cannabis industry. The licensed entities are now tasked with establishing a responsible industry, ensuring product quality, and contributing to research.

Portfolio Pulse from El Planteo

January 15, 2024 | 4:06 pm

BUD

TGT

Chamath Palihapitiya, a billionaire investor, announced the creation of an incubator named 8090, which aims to use AI and offshoring to develop enterprise software at a significant discount. He suggested that this could disrupt the software market by reducing the need for businesses to pay subscription fees to software providers. Mark Cuban responded to Palihapitiya's announcement with a cautionary note about tax implications related to R&D with foreign developers, referencing Sec 174. The article also mentions past public disagreements between Palihapitiya and Cuban, including debates over political ideologies affecting business and consumer behavior.

Portfolio Pulse from Chris Katje

January 15, 2024 | 2:38 pm

DOGEUSD

Cryptocurrency analysts have identified a buy signal for Dogecoin (DOGE) on its 3-day chart using the TD Sequential indicator, suggesting a potential price reversal. Analyst Ali Martinez highlighted a support cluster at $0.074 and predicted a rally to $0.10 or higher if this level holds. Another analyst noted a bullish pennant pattern, indicating a possible 45-50% rally. This analysis follows the news of a physical Dogecoin token being launched into space aboard ULA's Vulcan Centaur rocket. Currently, DOGE is trading at $0.081, down 1.5% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 2:06 pm

ALK

BA

SPR

Boeing's Commercial Airplanes CEO announced that the company will allow 737 operators to perform extra inspections at its production facilities. Additionally, Boeing will hire an independent party to assess its airplane production practices.

Portfolio Pulse from Charles Gross

January 15, 2024 | 1:28 pm

ALK

BA

SPR

Boeing Commercial Airplanes CEO announced that Boeing will implement extra quality inspections for the 737 Max following an incident with an Alaska Airlines aircraft. The new inspections will focus on work done by Spirit Aerosystems, particularly before Max 9 door plugs are dispatched to Boeing.

Portfolio Pulse from Charles Gross

January 15, 2024 | 1:26 pm

BIDU

Baidu, Inc. (NASDAQ: BIDU) has clarified that it has not engaged in any business collaboration or provided tailored services to the authors of an academic paper or their affiliated institutions. The paper mentioned Baidu's ERNIE Bot among other large language models. Baidu emphasized its commitment to compliance with laws and best practices in operating its AI products.

Portfolio Pulse from Charles Gross

January 15, 2024 | 1:10 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly disbanding its 121-member AI team in San Diego, offering employees the choice to relocate to Austin or face termination by April 26. The Data Operations Annotations team, responsible for improving Siri, was informed of the decision, which comes ahead of the launch of Apple's Vision Pro mixed-reality headset. This move is seen as a cost-saving measure or strategic shift in AI operations, amidst Apple avoiding significant layoffs despite missing earnings expectations.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 11:39 am

TRI

Thomson Reuters Corporation (TRI) has acquired a majority stake of 53.81% in Pagero Group AB, a leader in e-invoicing and indirect tax solutions. Thomson Reuters increased its tender offer to SEK 50 per share, valuing Pagero at approximately SEK 8.1 billion. The acquisition enhances Thomson Reuters' ONESOURCE indirect tax offerings and is expected to provide significant growth opportunities due to increasing global e-invoicing regulations. The offer is unconditional and fully financed, with the acceptance period ending on February 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:22 am