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BENF

Beneficient (NASDAQ:BENF) shares surged 290% to $7.50 after announcing compliance with Nasdaq listing requirements, ensuring its continued listing. The stock experienced significant volatility and multiple trading halts, suggesting a potential short squeeze as investors cover short positions. This movement is amid a backdrop of a cooling job market and general advice on how to buy BENF stock, including through ETFs in the Financials sector.

Portfolio Pulse from Henry Khederian

May 03, 2024 | 4:03 pm

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CRLBF

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VRNOF

The DEA's rescheduling of cannabis to Schedule III has caused significant market volatility for multi-state operators (MSOs), with the MSO index initially surging by 25% and then dropping by 15%. Viridian Capital Advisors highlights the impact on MSOs' credit ratings and financial health, noting Green Thumb Industries' favorable deal, Trulieve's balanced risk-return profile, and the high yields but high risks for companies like Ascend Wellness, Verano, Cresco, and Curaleaf.

Portfolio Pulse from Nicolás Jose Rodriguez

May 03, 2024 | 3:57 pm

BPTH

Bio-Path Holdings has received an Israeli patent (No. 269608) for compositions using P-ethoxy nucleic acids aimed at STAT3 inhibition, targeting cancer or autoimmune disease treatments.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:44 pm

BENF

Beneficient shares are trading higher after the company announced it regained compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:10 pm

BTCUSD

Edward Snowden has expressed concerns over Bitcoin's privacy protocols following zkSNACKs' announcement to discontinue CoinJoin coordination service on Wasabi Wallet, which enhances transaction anonymity. Snowden emphasizes the need for privacy at the Bitcoin protocol level, marking this as a 'final warning'. The discontinuation of CoinJoin highlights challenges in balancing regulatory compliance with user privacy in the cryptocurrency world.

Portfolio Pulse from Murtuza Merchant

May 03, 2024 | 3:03 pm

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TSLA

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Tesla Inc. (NASDAQ:TSLA) has filed a lawsuit against an Indian battery manufacturer, Tesla Power India Pvt Ltd., for trademark infringement over the use of the name 'Tesla Power'. The lawsuit, filed in New Delhi, seeks compensation and a permanent injunction against the Indian company for marketing its products under the 'Tesla Power' brand, despite a cease-and-desist notice from Tesla in April 2022. The case is currently being heard at the Delhi High Court, with the Indian company given three weeks to respond. Tesla's interest in the Indian market is highlighted by its efforts to navigate import duties and local manufacturing commitments.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 3:00 pm

SPY

Fed's Goolsbee comments on the potential risks of the Federal Reserve being overly restrictive for too long, highlighting the importance of considering the employment aspect of its mandate. He notes that current economic indicators remain solid, but warns that shifts in the business cycle, marked by deteriorating credit and rising unemployment, are usually pronounced, though such signs have not been observed yet.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:47 pm

SPY

Fed's Goolsbee comments on the recent jobs report, highlighting the addition of 175,000 new jobs as a solid indicator of economic health. He notes a bump in inflation at the year's start but suggests that consistent job reports similar to pre-COVID times could increase confidence in the economy's stability without overheating. Goolsbee expresses a preference for not committing to future Fed meeting outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:46 pm

BTCUSD

Bitcoin spiked to over $62,000 following the U.S. Labor Department's April jobs report, which showed the economy added 175,000 jobs, below the expected 240,000. The unemployment rate was slightly higher at 3.9% versus the expected 3.8%. The report's mixed results have sparked debate about its implications for Federal Reserve policy and the broader economy, with some analysts suggesting it could lead to inflation without job recovery, while others see it as a bullish sign for Bitcoin and select mining stocks.

Portfolio Pulse from Ivan Crnogatić

May 03, 2024 | 2:43 pm

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TSLA

The Market Clubhouse Morning Memo for May 3rd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential price movements for these assets, suggesting levels for bulls and bears to watch. The memo also highlights the importance of upcoming economic reports, including Non-Farm Payrolls, Average Hourly Earnings, and the ISM Services Index, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

May 03, 2024 | 2:12 pm