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QQQ

SPY

TLT

The upcoming December inflation report is critical for the Federal Reserve's rate decisions in Q1 2024. Economists expect a slight increase in annual CPI to 3.2% from November's 3.1%, with core CPI predicted to decline to 3.8% from 4%. Goldman Sachs projects slightly higher rates, while Bank of America aligns with consensus and suggests a potential rate cut in March if inflation is softer than expected. November's CPI report aligned with forecasts, leading to gains in SPY and QQQ, and a rise in TLT as Treasury yields fell.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 2:45 pm

CMND

Clearmind Medicine's stock price has increased following the announcement of a completed Type A meeting with the U.S. Food and Drug Administration.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:43 pm

RLAY

Relay Therapeutics has filed a prospectus with the SEC for the proposed resale or other disposition of 2.5 million shares of common stock by a selling stockholder.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:35 pm

MULN

Mullen Automotive, Inc. has submitted a pre-application for a $50 million ATVM loan from the U.S. Department of Energy to support domestic battery manufacturing. The loan would help fund the production of an estimated 150,000 battery packs through 2032, aiding Mullen's expansion and supporting its EVs assembled in the U.S. The capital would be used for plant equipment and tooling at a new facility in Fullerton, California.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:34 pm

SATS

DISH Wireless, a subsidiary of EchoStar Corporation, has been awarded a $50 million grant by the U.S. Department of Commerce. This grant is aimed at supporting the development and deployment of advanced wireless services, which could enhance DISH Wireless's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

MLGO

MicroAlgo Inc has filed a prospectus supplement with the SEC for the issuance and sale of up to $2.9 million in ordinary shares. This move indicates the company's intention to raise capital through equity financing.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

CYN

Empery Asset Management, LP has disclosed a 9.99% ownership stake in Cyngn Inc. as of December 31, 2023, according to a recent 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:09 pm

COIN

MARA

RIOT

Crypto-related stocks Coinbase Global Inc (COIN), Marathon Digital Holdings Inc (MARA), and Riot Platforms Inc (RIOT) fell after a false SEC tweet suggested approval of a spot Bitcoin ETF. The SEC clarified the misinformation, stating no such ETF had been approved. Bitcoin's price dropped over 3%, affecting the mentioned stocks. COIN was down 3%, MARA 3.5%, and RIOT 3.43%.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 2:03 pm

AAPL

HPE

MSTR

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a dip following a false report about a Bitcoin ETF approval, leading to $200M in liquidations. MicroStrategy's Bitcoin paper gains are projected to reach $840M by 2024. Dogecoin faced liquidations amid rumors of its mascot's death. Apple removed Binance and others from the Indian App Store after a government crackdown. SEC Chair Gensler's Twitter account was compromised, and the incident was immortalized on Bitcoin. Robert Kiyosaki predicts Bitcoin will reach $150K soon. Elon Musk mocks the SEC with a Dogecoin meme. Peter Schiff advises selling Bitcoin after the fake news pump. In other news, Hewlett Packard Enterprise acquired Juniper Networks for $14B, and various companies and political figures made headlines.

Portfolio Pulse from Akanksha Bakshi

January 10, 2024 | 1:59 pm

ARKK

BLK

GS

BlackRock, Inc (BLK) and Ark Innovation ETF (ARKK) have reduced fees for their proposed spot bitcoin ETFs to attract investors amid intense competition. BlackRock's iShares Bitcoin Trust cut its fee to 0.25%, with a discount for the first $5 billion in assets. ARK 21Shares Bitcoin ETF lowered its fee to 0.21%. The fee reductions come as firms anticipate high demand for cryptocurrency ETFs and await SEC approval. Goldman Sachs (GS) is in discussions to support these ETFs. BLK shares closed down 0.33% at $794.52.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:56 pm