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Regulatory

GOOG

META

Meta Platforms Inc.'s decision to block news links in Canada has led to a surge in right-wing content on Facebook, potentially disrupting political discourse. This move is part of Meta's broader strategy to scale back on news and political content globally. Meanwhile, Alphabet Inc. has maintained its agreements with news publishers in Australia and secured a deal with the Canadian government to support media outlets.

Portfolio Pulse from Ananya Gairola

April 15, 2024 | 1:59 am

BTCUSD

Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin will resume its upward trend after a risk flush due to the economic repercussions of war, specifically referencing the recent Israel-Iran escalation. Despite a recent drop in Bitcoin's price following a drone attack by Iran on Israel, Novogratz remains optimistic about Bitcoin's resilience and its potential surge ahead of the upcoming halving event. Currently, Bitcoin is trading at $65,474.10, with a year-to-date increase of 48.23%.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 1:39 am

DWAC

TSLA

Political updates include Biden leading Trump in 2024 polls, Elon Musk criticizing U.S. voting ID laws, McConnell targeting TikTok's ownership, and Mary Trump discussing Trump Media & Technology Group's performance. Trump supports Mike Johnson over Marjorie Taylor Greene amid these developments.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 10:19 am

AAPL

GOOG

MSFT

TSLA

This week in the tech world, Elon Musk aligned with Steve Jobs on the importance of craftsmanship in product development. Tesla Inc. is seeking assistance from Apple Inc. in a court case related to a fatal Autopilot crash. Apple's AI future looks promising according to Wedbush's Dan Ives, citing its large user base. New EU regulations are boosting small browsers, challenging the dominance of companies like Apple, Microsoft Corp., and Alphabet Inc.'s Google. Apple is preparing for a major iPad overhaul, launching new models and accessories.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 5:57 am

EIS

SPY

USO

Iran's military action was a response to the Zionist regime's aggression against Iranian diplomatic premises in Damascus, indicating the matter is now concluded.

Portfolio Pulse from Charles Gross

April 13, 2024 | 10:27 pm

SOFI

President Joe Biden announced a $7.4 billion student debt forgiveness for 277,000 people, sparking criticism from Elon Musk and Bill Ackman, who argue it's a vote-buying strategy using taxpayer money. Critics are concerned about the impact on the fiscal deficit, with the national debt already at $34.65 trillion. The Wharton School estimates the plan's cost at $84 billion, in addition to the $475 billion for the SAVE plan. Following the announcement, shares of private student loan companies like SoFi Technologies, Inc. (NASDAQ:SOFI) fell.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 5:03 pm

A recent book reveals that a 2019 White House meeting between Donald Trump and former AT&T CEO Randall Stephenson, aimed at discussing Chinese threats to American telecom networks, was derailed by Trump's rant on Stormy Daniels. Instead of focusing on China, Trump spent most of the meeting discussing his personal grievances, leaving little time for the intended discussion on Chinese infrastructure and telecom threats.

Portfolio Pulse from Nabaparna Bhattacharya

April 13, 2024 | 4:43 pm

GOEV

KARS

NKLA

TSLA

VWAGY

Electric vehicle stocks had a mixed week, with Tesla, Inc. (TSLA) ending higher despite volatility. Tesla slashed its FSD subscription price by 50% to $99/month to boost adoption. Elon Musk confirmed a visit to India to discuss Tesla's plans, potentially impacting the company's strategy in the region. Nikola Corporation (NKLA) faced a setback with shares dropping due to a boardroom battle and a proxy filing by founder Trevor Milton. Ford Motor Co. (F) reduced prices for its F-150 Lightning EV, and Volkswagen AG (VWAGY) reported diverging EV sales in Europe and China. Canoo, Inc. (GOEV) announced a pilot program with Red Sea Global in Saudi Arabia. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 1:39 pm

INTC

Republican lawmakers criticized the Biden administration after Huawei unveiled a laptop with an Intel AI chip, despite Huawei being on a trade restriction list. The chip was supplied under a license from the Trump era, raising concerns about U.S. national security and technology export to China. The Biden administration has faced calls to take a tougher stance on Huawei and other Chinese tech firms.

Portfolio Pulse from Ananya Gairola

April 13, 2024 | 1:55 am

SNAX

Stryve Foods Inc received a deficiency letter from Nasdaq on April 9, indicating that the company is not in compliance with Nasdaq's listing rules, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:33 pm