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EBAY

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Shiba Inu (SHIB) sees a 400% increase in token burns and $1.38M in whale acquisitions. Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M by 2030. Robinhood lists all Bitcoin Spot ETFs, while Elizabeth Warren criticizes SEC's approval of them. Flexsteel Industries reports strong preliminary results. Trump's town hall garners 4.4M views, and US sanctions Russian entities over missile purchases. Apple and Google make tech headlines with new initiatives and layoffs, respectively. Tesla faces a share price drop and announces a price cut in China. Stellantis invests in battery tech, and eBay settles a harassment case.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 1:04 pm

AAPL

ADBE

AMZN

AVGO

GOOG

IRBT

MSFT

NVDA

QCOM

EU Antitrust Chief Margrethe Vestager met with executives from Apple, Alphabet, and Qualcomm to discuss compliance with the Digital Markets Act and competition policies. The DMA targets 'gatekeepers' with over 45 million monthly users and a market cap of 75 billion euros, imposing interoperability and choice requirements. The EU has fined tech giants like Google and Microsoft for antitrust violations and is scrutinizing big mergers, including Microsoft's investment in OpenAI, Amazon's merger with iRobot, and Adobe's acquisition of Figma.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:59 pm

FLXS

FTFT

VCIG

VCI Global Limited (NASDAQ:VCIG) shares dropped approximately 30% in pre-market trading due to the announcement of a $2.75 million public offering. Other stocks experienced significant movements in pre-market trading, with notable gainers including Volcon, Inc. (NASDAQ:VLCN), Charge Enterprises, Inc. (NASDAQ:CRGE), and Flexsteel Industries, Inc. (NASDAQ:FLXS), which reported strong preliminary Q2 results. Conversely, SEALSQ Corp (NASDAQ:LAES) and Future FinTech Group Inc. (NASDAQ:FTFT) were among the pre-market losers, with FTFT's CEO being charged with fraud and disclosure failures by the SEC.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 12:52 pm

SPR

The FAA announced it will audit Boeing's 737-9 Max production line and its suppliers to assess compliance with approved quality procedures following an emergency incident. This audit aims to ensure Boeing adheres to safety and quality standards.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:47 pm

MNTS

Momentus Inc. was informed on January 5th by the Space Development Agency that it was not selected for funding for the Tranche 2 Tracking Layer. The company has expressed substantial doubt about its ability to continue as a going concern, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:38 pm

QLI

Qilian International (QLI) has been granted a 180-day extension by Nasdaq to meet the minimum bid price requirement. The company must now comply with the $1 minimum bid price rule by September 18, 2023, to maintain its listing on the exchange. Failure to meet this requirement could result in delisting.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:35 pm

BTCUSD

ETHUSD

SEC Chairman Gary Gensler stated that the majority of crypto tokens are securities and should be regulated under securities laws. This reaffirms the SEC's stance on the regulation of cryptocurrencies, potentially impacting the broader crypto market and related assets.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:29 pm

BTCUSD

SEC Chair Gary Gensler discussed Bitcoin on CNBC, describing it as a highly speculative and very volatile underlying asset. His comments may influence investor perception and regulatory expectations for cryptocurrencies.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:25 pm

BLK

CVX

QQQ

SPY

TSLA

UNH

XOM

U.S. stock futures indicate a weaker open on Friday after mixed trading on Thursday following the consumer price inflation report. The Nasdaq Composite closed slightly up, extending its winning streak, while the S&P 500 and Dow Industrials saw marginal movements. The focus now shifts to the producer price inflation report. In premarket trading, SPY and QQQ are down, while individual stocks like TSLA, UNH, BLK, BK, DAL, BAC, and JPM show varied reactions to earnings reports and other news. Energy stocks like CVX and XOM are up due to tensions in the Red Sea. The upcoming economic data and comments from Minneapolis Fed President Neel Kashkari are also in focus.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 12:21 pm

GLD

SPY

USO

UUP

Global markets saw mixed results with Asia and Europe mostly rising while U.S. markets closed mixed due to inflation concerns and a strong labor market. U.S. consumer prices rose more than expected, and jobless claims fell. Asian markets were mixed with gains in Japan and India but losses in China and Hong Kong. European markets traded higher. Commodities saw crude oil hit $75 due to Middle East tensions, and gold neared $2,050. U.S. futures were mixed, and the U.S. Dollar Index saw a slight increase.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 11:28 am