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BTCUSD

ETHUSD

Bitcoin futures experienced volatility amid traders circulating seemingly false headlines about a Bitcoin ETF trading on CBOE. No actual ETF was mentioned, and the rumors appear to be unfounded.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:13 pm

SAP

The US Department of Justice has announced that SAP will pay over $220 million to resolve investigations into foreign bribery. The settlement addresses allegations of SAP's involvement in violating the Foreign Corrupt Practices Act by engaging in bribery to secure business in foreign markets.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:35 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has submitted a pre-application for a Department of Energy loan to support its expansion into domestic battery manufacturing. The company plans to produce 150,000 battery packs by 2032 and is committed to transitioning EV and component manufacturing to the U.S. The loan will also support capital investment in Mullen's new facility in California. MULN shares dropped 3.07% to $13.88.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 6:32 pm

ALK

BA

Alaska Airlines has announced that as of January 10, it is still awaiting documentation from Boeing and the FAA to start inspections on its 737-9 Max fleet. Due to this delay, the airline has decided to cancel all flights involving the 737-9 Max aircraft through January 13.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:16 pm

BA

Boeing CEO admitted on CNBC to a 'quality escape' that permitted the unsafe 737 Max-9 to fly, raising concerns about the company's quality controls and safety measures.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:10 pm

BA

Boeing CEO appeared live on CNBC discussing measures with Transportation Secretary Buttigieg and the FAA Administrator to prevent future incidents.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:07 pm

BA

Boeing Co (NYSE:BA) faces challenges after grounding over 170 Boeing 737 Max 9s due to a midair door blowout incident. Despite ongoing quality issues and pressure on aviation regulators, the impact on 2024 deliveries is expected to be limited. Boeing's stock has seen a recent decline from $264 to $229, but a Golden Cross on the price chart suggests a potential bullish trend. This could present a good entry point for long-term investors.

Portfolio Pulse from Surbhi Jain

January 10, 2024 | 6:07 pm

BA

Boeing CEO Dave Calhoun appeared live on CNBC to discuss the investigation into the Max-9 aircraft. The discussion likely covered the company's response to the investigation, potential safety concerns, and the impact on Boeing's operations and reputation.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:02 pm

ETHUSD

On Tuesday, 4,398.82 Ether (ETH) valued at approximately $10.7 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -3.21% yesterday.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:00 pm

ARKB

The Cboe BZX Exchange has approved the listing of the ARK 21Shares Bitcoin ETF (ARKB), pending the SEC's decision on a spot Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas called this a 'very late step' in the process, suggesting the ETF could list as soon as the day after approval. If the SEC approves on Jan. 10, ARKB could trade from Jan. 11, marking a significant step for cryptocurrency in mainstream markets.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 5:52 pm