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BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki expressed concerns over the worsening banking crisis and the potential for central banks to push for Central Bank Digital Currencies (CBDCs) for surveillance. He advocates buying more Bitcoin and silver coins, viewing them as safeguards against these developments. Kiyosaki also mentioned his strategy for dealing with a potential Bitcoin market crash, which involves waiting for the market to stabilize before purchasing more. He believes market crashes present buying opportunities. Kiyosaki has previously predicted Bitcoin could reach $100,000 by June 2024, citing high national debt and demand for U.S. bonds as factors.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 4:02 am

TSLA

A Tesla Inc executive confirmed the company's plans to sell its Cybertruck in Canada due to significant interest. The confirmation came from Rohan Patel, Tesla's VP of Public Policy and Business Development, via a post on X. The announcement follows Tesla's display of the Cybertruck at the Canadian auto show in Toronto. However, Tesla CEO Elon Musk has indicated challenges in launching the Cybertruck in China and Europe due to regulatory hurdles.

Portfolio Pulse from Anan Ashraf

February 26, 2024 | 3:19 am

BTCUSD

ETHUSD

RNDRUSD

The cryptocurrency market saw a slight recovery over the weekend, with the market cap increasing by 1.2% to $1.98 trillion. Bitcoin traded sideways, briefly dipping below $1 trillion in valuation, while Ethereum outperformed with a 2.4% gain. Shiba Inu remained in focus due to high burn rates and whale transfers. The MAGA memecoin rallied following Donald Trump's acceptance of Bitcoin. AI-related cryptocurrencies, including Bittensor and Render, gained on positive sentiment after Nvidia's earnings and comments on AI by Ethereum's Vitalik Buterin. Spot Bitcoin ETFs saw a slowdown in flows, while Reddit's IPO and investment in Bitcoin and Ethereum marked significant developments. The Nasdaq Composite and Dow Jones also saw gains, attributed to strong earnings and economic data.

Portfolio Pulse from Khyathi Dalal

February 25, 2024 | 3:03 pm

ALCPF

This week's top economic news includes concerns among Japanese businesses about a potential Trump return, IRS targeting wealthy Americans for tax evasion, Taiwanese chip firms expanding in Japan due to US-China decoupling, Saudi Arabia's financial strains from development projects, and Indonesia's 'Swiftonomics' tourism strategy. Notably, Alchip Techs (OTC:ALCPF) is moving R&D from China to Japan amid semiconductor industry shifts.

Portfolio Pulse from Benzinga Neuro

February 25, 2024 | 12:03 pm

CLDX

Celldex Therapeutics announced positive Phase 2 results for Barzolvolimab in treating Chronic Spontaneous Urticaria, meeting primary and secondary endpoints. The treatment showed significant decreases in disease activity, rapid onset within 2 weeks, and a favorable safety profile. Results are consistent across different patient groups, and Phase 3 trials are expected to start in 2024. A webcast is scheduled for February 25th.

Portfolio Pulse from Charles Gross

February 24, 2024 | 11:25 pm

NVDA

Larry Summers expressed concerns about the stock market's significant rally, led by Nvidia Corp. (NASDAQ:NVDA), at the FII Priority summit. He warned that the market might be underestimating potential political and social upheavals, including the rise of populist policies. Summers highlighted that these risks are not fully reflected in current market valuations, despite the bullish trend in Big Tech stocks.

Portfolio Pulse from Bibhu Pattnaik

February 24, 2024 | 7:50 pm

ACB

CRLBF

CURLF

GTBIF

TCNNF

TLRY

Germany's legalization of limited cannabis possession and consumption has positively impacted U.S. cannabis stocks, with Curaleaf Holdings seeing a 3.1% rise. The move is seen as a step towards broader European legalization, benefiting companies with a presence in Germany like Curaleaf. Other U.S. cannabis stocks also saw gains, while Canadian companies Tilray and Aurora Cannabis had mixed results. The industry views this as a significant opportunity for growth, especially in medical cannabis.

Portfolio Pulse from Maureen Meehan

February 24, 2024 | 5:26 pm

TLRY

Tilray Brands (NASDAQ:TLRY) celebrates the passage of the German Medical Cannabis Act, marking a significant development in Germany's medical cannabis market. The act facilitates easier access to high-quality cannabis medicines for patients, with Tilray Medical looking forward to utilizing its Neumünster site in Germany to meet the increased demand. This move is expected to enhance patient care by providing a wider range of treatment options.

Portfolio Pulse from Maureen Meehan

February 24, 2024 | 1:42 am

BNTC

Benitec Biopharma has filed for a mixed shelf offering with the SEC, allowing it to issue up to $125 million in securities. This move could provide the company with flexible financing options for future growth, but also signals potential dilution for current shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:14 pm

AMD

LCID

NVDA

PANW

RIVN

Nvidia Corp. (NASDAQ:NVDA) reported exceptional earnings, driving its stock and the broader market to record highs. The company's AI division's success, with a 70% market share in AI chips, positions Nvidia as a leader in the emerging 'AI factories' sector. Other companies and ETFs related to Nvidia and tech, such as C3.ai (NASDAQ:AI) and Advanced Micro Devices Inc. (NASDAQ:AMD), are also set to benefit. Meanwhile, the Federal Reserve's cautious stance on rate cuts and expanded sanctions against Russia mark significant economic developments. Additionally, notable mentions include Palo Alto Networks Inc. (NASDAQ:PANW) facing challenges due to strategic shifts, and Elon Musk's skepticism towards Lucid Group Inc. (NASDAQ:LCID) and Rivian Automotive Inc. (NASDAQ:RIVN) in the EV market.

Portfolio Pulse from Piero Cingari

February 23, 2024 | 9:05 pm