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TSLA

Ford Motor Co's CEO, Jim Farley, announced that sales of the F-150 Lightning all-electric truck tripled in the first half of 2023 compared to the same period in 2022. The exact sales figures were not disclosed, but it is estimated that about 9,000 units were sold in the first half of 2023. The first F-150 Lightning delivery took place at the end of May 2022, and the vehicle has been in high demand since then. Tesla's CEO, Elon Musk, has previously praised Ford's EV strategy and acknowledged the high demand for the F-150 Lightning.

Portfolio Pulse from Anan Ashraf

July 04, 2023 | 1:20 pm

META

TWTR

Spill, a new social media platform designed by former Twitter employees, has seen a surge in downloads following Twitter’s recent decision to limit the number of posts users can see. The app became the third most downloaded on Apple’s App Store and the top downloaded social media app. Spill has attracted over 100,000 new users in the past three days. Meanwhile, other Twitter alternatives are also emerging, including Meta Platforms Inc.'s Threads.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 12:58 pm

AAPL

MSFT

OpenAI has temporarily disabled the 'Browse with Bing' feature in chatGPT due to concerns over potential misuse. The feature allowed ChatGPT Plus subscribers to access real-time information through Microsoft's Bing search. However, concerns arose over the potential exploitation of this feature, particularly in bypassing paywalls for premium content. OpenAI plans to reinstate the feature after resolving the potential loophole.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 9:11 am

AAPL

AMZN

GOOG

GOOGL

SPOT

Spotify Inc. (SPOT) continues to lead the music streaming market with 44.4 million paid subscribers in the U.S. as of February 2023, despite increasing competition from Apple Inc. (AAPL) and Amazon.com, Inc. (AMZN). Apple Music and Amazon Music are closing the gap with 32.6 million and 29.3 million paid subscribers respectively. Other platforms like Alphabet Inc.'s (GOOG, GOOGL) YouTube Music and Pandora Radio also compete in the market. The Music Subscription Market is expected to reach $73.57 billion by 2028, up from $28.2 billion in 2021.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 6:15 am

AAPL

META

Meta Platforms Inc. (NASDAQ:META) is set to launch its Twitter-alternative 'Threads' on July 6. The app made its debut on Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Play Store and Apple Inc.'s (NASDAQ:AAPL) iOS App Store. However, the launch has been criticized by Jack Dorsey and Elon Musk over concerns about user privacy and data collection.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 2:15 am

CMND

NFLX

PSIL

SILO

A bipartisan bill has created a $75 million research grant program for the potential treatment of mental health conditions in active duty military members. The Multidisciplinary Association for Psychedelic Studies (MAPS) announced its final agenda for its upcoming event, which will include information on two recently-identified lead compounds. Psychedelics were featured on Anderson Cooper’s CNN show. Several companies, including Silo Pharma, Clearmind, and SciSparc, are developing treatments using psychedelics. The AdvisorShares Psychedelics ETF (PSIL) showed an uptrend.

Portfolio Pulse from Lara Goldstein

July 03, 2023 | 9:01 pm

ABNB

The article discusses various ways individuals can generate passive income using assets they already own. Examples include renting out vehicles on Turo, boats on Boatsetter and GetMyBoat, pools on Swimply, and backyards on Sniffspot or Airbnb. The article mentions Airbnb Inc (NYSE:ABNB) as a platform for renting out unique spaces like treehouses or tiny homes.

Portfolio Pulse from Adam Eckert

July 03, 2023 | 8:18 pm

ALB

LAC

LTHM

Shares of Albemarle Corporation (ALB), Lithium Americas Corp. (LAC), and Livent Corporation (LTHM) rose on Monday following strong delivery numbers from several EV makers, including Tesla, Rivian, and Nio. Lithium, a critical element in EV batteries, saw a boost in its stocks due to the strong EV delivery numbers.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:56 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose over 2% on Monday, adding to gains from the last month. In June, KKR-managed funds agreed to purchase up to €40 billion ($43.6 billion) buy now, pay later (BNPL) loan receivables originated by PayPal in several European countries. PayPal also launched Tap to Pay on Android for Venmo business profile users in the U.S. The company received several price target changes from analysts in June, ranging from $72 to $92.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:06 pm