Streetbeat News

Regulatory

TSLA

The Dawn Project launched a Super Bowl ad campaign targeting Tesla Inc. (NASDAQ:TSLA) for safety issues with its self-driving software. The ads, featuring real crash footage, urge a boycott of Tesla, highlighting the company's inaction following fatal crashes and the NHTSA's calls for a ban on the software. This campaign is part of ongoing efforts to raise safety concerns about Tesla's Full Self-Driving software.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 6:10 am

BYDDF

Chinese EV traders are exploiting a loophole that allows the export of new cars as secondhand, bypassing trade barriers. This tactic has enabled the export of popular models from BYD Co and Li Auto to markets like Russia, Kazakhstan, and Saudi Arabia, despite a 25% tariff on Chinese auto imports by the US. The demand for Chinese EVs is rising globally, leading to strategic discussions among China's top automakers.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 5:57 am

BTCUSD

During Super Bowl LVIII, no crypto firms advertised, marking a shift from previous years. Block Inc's CEO, Jack Dorsey, was seen wearing a 'Satoshi' sweatshirt, highlighting his support for Bitcoin. Crypto exchanges like Kraken and Coinbase are diversifying their marketing strategies and focusing on global outreach and lobbying for crypto-friendly laws in the U.S., respectively. Major financial firms like BlackRock and Grayscale also opted out of Super Bowl ads despite recent approvals for Bitcoin Spot ETFs. Bitcoin's price saw a slight increase.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 3:12 am

GOOG

GOOGL

A Waymo self-driving car was vandalized and set on fire by a crowd in San Francisco's Chinatown during Lunar New Year celebrations. This incident, confirmed by Waymo, a subsidiary of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), marks a significant attack on autonomous vehicles in the U.S. The San Francisco Police Department is investigating, and the incident raises concerns about public acceptance and safety of autonomous vehicles amidst increasing scrutiny of the industry.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 1:31 am

TSLA

A court has ruled that Elon Musk is required to testify in an SEC investigation related to Twitter. This development is part of ongoing scrutiny into Musk's activities and statements on the social media platform.

Portfolio Pulse from Charles Gross

February 11, 2024 | 4:17 pm

AAPL

Apple Inc. (NASDAQ:AAPL) had a notable week with its new mixed reality headset, the Vision Pro, making headlines. A Tesla driver was criticized for wearing the Vision Pro while driving, German customs seized the device from customers due to import regulations, and a lawsuit against Apple's CEO Tim Cook was dismissed. Additionally, Apple dominated smartphone shipments, claiming seven of the top ten spots, and the resale market for the Vision Pro saw prices skyrocket.

Portfolio Pulse from Benzinga Neuro

February 11, 2024 | 5:50 am

AZN

DAL

TMUS

WMT

Companies like Walmart, Delta Air Lines, and T-Mobile are using AI-powered tools by startup Aware to monitor communications on platforms like Slack and Microsoft Teams. This technology aims to detect inappropriate behaviors and provide real-time insights into employee sentiment, marking a shift from traditional survey methods. Delta Air Lines, for instance, uses Aware's analytics and eDiscovery tools for sentiment tracking and feedback collection. The adoption of such AI monitoring tools has sparked privacy and ethics debates.

Portfolio Pulse from Bibhu Pattnaik

February 10, 2024 | 7:56 pm

BUD

CMCSA

MAPS

Super Bowl LVIII sees the return of Bud Light with a 60-second ad, amidst growing acceptance of cannabis in the U.S. Despite this, cannabis ads remain banned from the Super Bowl, highlighted by NBC-TV Comcast's refusal to air Weedmaps' ad in 2022. Anheuser-Busch (BUD) faces consumer reactions, while Weedmaps (MAPS) and Comcast (CMCSA) navigate the evolving landscape of Super Bowl advertising.

Portfolio Pulse from Maureen Meehan

February 10, 2024 | 2:00 pm

DIS

PLTR

PYPL

TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has temporarily stopped deliveries of its R1 vehicles in Canada due to a non-compliance issue with the brightness of its daytime running lamps. The company is awaiting a software update to resolve the issue and expects to resume deliveries next week. Rivian delivered 50,122 EVs in the U.S. and Canada in 2023 and plans to announce its full-year financial results on February 21. Rivian shares closed 3.54% higher at $16.68 on Friday.

Portfolio Pulse from Anan Ashraf

February 10, 2024 | 4:21 am