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BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

DOGEUSD

SHIBUSD

This week in cryptocurrency saw the debut of a GameStop memecoin on Solana, a surge in Optimus AI's market cap following an Elon Musk tweet, predictions of a Dogecoin price jump, a significant increase in Shiba Inu's burn rate, and Donald Trump's criticism of CBDCs. The GameStop memecoin quickly reached a market cap of over $14 million, while Optimus AI's price soared after Musk's tweet. Analyst Muro predicts a 6% increase in Dogecoin's value, and Shiba Inu's burn rate skyrocketed by over 1,500% in a day. Trump expressed concerns over the freedom-threatening potential of CBDCs.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:26 pm

TSLA

Elon Musk criticized the term 'recall' for Tesla's OTA software updates, following a recall of 2.2 million vehicles, including the Cybertruck, for a minor issue with warning light font sizes. The National Highway Traffic Safety Administration (NHTSA) noted the fix is an OTA update, some of which have already been deployed. Musk and Tesla argue that using 'recall' for such updates is outdated, suggesting 'Software Recall' as a more accurate term.

Portfolio Pulse from Anan Ashraf

February 03, 2024 | 2:22 am

BETS

Bit Brother has received a delisting notice from Nasdaq, indicating potential compliance issues or failure to meet the exchange's listing requirements. This development could significantly impact Bit Brother's stock visibility and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:07 pm

AAPL

AMD

AMZN

GOOGL

META

TSLA

Tech giants experienced mixed earnings, with Alphabet, AMD, and Apple slightly missing expectations, while Meta and Amazon exceeded them. The Fed's Jerome Powell ruled out a March interest rate cut, and the U.S. saw a strong January jobs report. Meta announced its first dividend, Amazon reported significant Q4 revenue growth, and Apple faced challenges in China. Tesla recalled the Cybertruck due to a software issue.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 9:07 pm

CNEY

CN Energy Group has regained compliance with Nasdaq's listing requirements. This development is crucial for the company's continued listing on the exchange and may positively influence investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:06 pm

TCNNF

A Florida bill proposing to cap delta-9 THC levels in cannabis products gains momentum, with amendments setting limits at 30% for pre-rolls and whole buds, and 60% for processed substances. The bill, backed by Trulieve Cannabis Corp., progresses as New York faces a lawsuit from women-owned social equity cannabis companies over the licensing process. Meanwhile, Virginia considers treating cannabis like alcohol, proposing a regulated marketplace to start in 2025.

Portfolio Pulse from Jelena Martinovic

February 02, 2024 | 8:44 pm

SNCR

Israel and Hamas are reportedly moving towards a ceasefire and hostage release deal, facilitated by the U.S., Egypt, Qatar, and Israel. Hamas has shown initial support for the proposal, which involves a phased release of hostages and prisoners. Israeli Prime Minister Netanyahu insists on continuing military operations in Gaza for an 'absolute victory' and criticizes U.S. financial sanctions on Israeli settlers for violence in the West Bank. Defense Minister Gallant eyes Rafah as the next military target.

Portfolio Pulse from Neil Dennis

February 02, 2024 | 8:29 pm

PPL

PPL Corporation and its research partners have been selected to negotiate a $72 million award from the U.S. Department of Energy. This funding is aimed at supporting advancements in energy technologies.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:54 pm

SPY

In a recent interview with the Wall Street Journal, Federal Reserve member Goolsbee stated that the Fed cannot consider cutting rates if there are positive supply shocks in the system. This statement suggests a cautious approach towards monetary policy adjustments in response to economic changes.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:50 pm