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Bitcoin (BTC) has recently surpassed the $44,000 level, reaching new 52-week highs and passing the meme-inspired price of $42,069. The cryptocurrency's all-time high is $68,789.63, and there is speculation that reaching $69,420 could 'break the internet' due to its meme significance. The price of Bitcoin is influenced by social media trends and the optimism surrounding potential SEC approval of Bitcoin ETFs. High-profile figures like Cathie Wood and Mark Yusko have set ambitious price targets for Bitcoin, with Wood suggesting a future price of $1 million and Yusko predicting a range of $100,000 to $150,000 by mid-2024.

Portfolio Pulse from Chris Katje

December 06, 2023 | 9:03 pm

MRAI

Marpai, Inc. has regained compliance with Nasdaq's minimum bid price requirement, avoiding potential delisting. The company's stock must have maintained a minimum bid price of $1.00 per share for at least 10 consecutive business days to meet Nasdaq's listing standards.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:02 pm

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U.S. Treasury Secretary Janet Yellen emphasized the importance of approving an additional $100 billion in aid for Ukraine and Israel, warning that failure to do so could lead to Ukraine's defeat and further Russian aggression. The aid package is currently stalled in Congress, with some members opposing further assistance. Ukraine's President Zelenskyy has also urged American defense companies to collaborate with Ukraine. If the bill is approved, U.S. defense stocks and ETFs could see a positive impact, as they have previously benefited from increased interest following the Russian invasion of Ukraine.

Portfolio Pulse from Chris Katje

December 06, 2023 | 8:40 pm

MCD

During McDonald's Investor Day, an executive reported that the company is experiencing business impacts in several Middle Eastern markets and a few markets outside the region due to ongoing conflict.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:30 pm

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Kremlin spokesman announced that President Putin and the Saudi Crown Prince discussed the continuation of OPEC+ cooperation, as reported by Reuters citing Tass.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:22 pm

SPY

President Biden's administration has approved a $4.8 billion student debt cancellation for 80,300 individuals, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:51 pm

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Republican Representative David Joyce is set to introduce the STATES 2.0 Act, which aims to de-schedule state-legal cannabis at the federal level. This legislative move could significantly impact the legal landscape for cannabis businesses in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:46 pm

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The U.S. House of Representatives is scheduled to vote on a ban on Russian uranium imports. This move could affect several companies involved in uranium mining and nuclear fuel production, as well as broader market indices.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:09 pm

GOOG

GOOGL

Google will update its Ads Gambling and Games Policy for the US on Dec 12, allowing ads for lottery-couriers in Arkansas, Montana, New Jersey, and New York.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:07 pm

META

ByteDance Ltd, the parent company of TikTok, is offering a share buyback of up to $5 billion at $160 per share, which is 11% lower than the previous year's rate. Despite setbacks including regulatory challenges and market bans, ByteDance remains among the top 40 most valuable global companies and saw a 30% revenue increase in 2022, reaching over $80 billion. Meta Platforms Inc (NASDAQ:META) is mentioned as a rival to TikTok.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 7:04 pm