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MetaMask, a decentralized finance (DeFi) wallet with 21 million monthly users, was temporarily removed from Apple's App Store without an official explanation. The app was restored shortly after. The removal was not related to any malicious activity, according to MetaMask. The incident has sparked discussions about the influence of centralized platforms over the crypto ecosystem.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 4:19 am

GOOG

GOOGL

Elon Musk's social media platform, X, has been fined $386,000 by the Australian e-Safety Commission for inadequate compliance with an investigation into child abuse prevention measures. Alphabet Inc.'s Google has also been warned for not fully complying with requests for information about child abuse content. Under Australian laws, internet companies can be compelled to provide information about their online safety practices or face financial penalties.

Portfolio Pulse from Ananya Gairola

October 16, 2023 | 2:06 am

EIS

SPY

USO

President Biden has stated that deploying US troops in the Middle East war is not necessary as Israel has 'one of the finest fighting forces'. This could potentially impact the performance of certain ETFs.

Portfolio Pulse from Charles Gross

October 15, 2023 | 11:17 pm

ABBV

AbbVie has presented positive results from the Phase 3 SEQUENCE study that evaluated the efficacy and safety of risankizumab (SKYRIZI) compared to ustekinumab (STELARA) in patients with moderately to severely active Crohn's disease. The study met all primary and secondary endpoints.

Portfolio Pulse from Charles Gross

October 15, 2023 | 3:29 pm

AAPL

TSLA

This week, Apple Inc. (NASDAQ: AAPL) made headlines with several developments. California Governor Gavin Newsom signed the Right to Repair Act into law, backed by Apple, allowing device owners to repair their devices at third-party repair shops. Supply chain analyst Ming-Chi Kuo predicted that the 2024 Apple Watch may lack innovative features. Apple might introduce a new technology for its mainboard in the iPhone 17, potentially providing enhanced internal space and cost-saving benefits. Tesla Inc. vehicle owners are using the new iPhone 15 Pro’s “action button” as a car key substitute. Apple Inc. CEO Tim Cook and Tesla Inc. CEO Elon Musk did not make the top spot in the list of America's most popular CEOs.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 1:28 pm

GOOG

MSFT

NVDA

China is proposing a blacklist to regulate AI, while chatbots from Google and Microsoft have shown limitations in reporting the Israel-Hamas conflict. Nvidia's stock is predicted to make significant gains, and OpenAI's CEO Sam Altman made statements on artificial intelligence. China's blacklist includes sources that cannot be used for training generative AI models. Google and Microsoft's chatbots incorrectly reported a ceasefire in the Israel-Hamas conflict. Analysts at TD Cowen predict Nvidia's stock will rise by 50%.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 11:06 am

UUP

The International Monetary Fund (IMF) has raised concerns about the US's escalating debt crisis, which is leading to a rapid rise in corporate defaults. The US debt situation is being fueled by increased government spending, resulting in a $1.5 trillion deficit in the first 11 months of the fiscal year. The Israel conflict could worsen the economic conditions, leading to a weaker global economy and increased inflationary pressure. The trend of reshoring has seen a 216% increase year-over-year since the start of 2022, bringing in $516 billion in private company investments. The Consumer Price Index (CPI) surpassed economist expectations in September, putting pressure on the Federal Reserve to consider raising interest rates.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 9:41 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market has seen significant developments this week, including concerns about Dogecoin's future performance, the impact of the Israel-Hamas conflict, and criticisms of the SEC's stance on crypto value by Elon Musk and Dogecoin's creator. Additionally, former FTX CEO Sam Bankman-Fried expressed concerns before the crypto exchange's collapse, and Israeli police have halted Hamas-associated cryptocurrency accounts.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 12:15 am

BTCUSD

BUSDUSD

CELUSD

COIN

ETHUSD

The article recaps major crypto disasters of 2023, including regulatory scrutiny of Binance, the collapse of FTX due to a liquidity crisis, Celsius filing for bankruptcy, BlockFi filing for Chapter 11 bankruptcy protection, Coinbase settling with New York regulators for $100 million, Genesis filing for bankruptcy, and Three Arrows Capital heading into bankruptcy. U.S. markets are seeing a dull phase, with companies like Coinbase and Gemini looking to operate in Asian countries due to clearer regulations.

Portfolio Pulse from Khyathi Dalal

October 14, 2023 | 10:04 pm

MFC

Frances Donald, chief economist at Manulife Investment Management (NYSE:MFC), suggests that a temporary recession might be more advantageous for investors. She believes that only a genuine recession would compel the Federal Reserve to slash interest rates. A stagnant economy without any intervention from the Fed could spell trouble for investors. She pointed to the recent data from the Labor Department showing an addition of 336,000 jobs, far exceeding the projected 170,000, as evidence of the robust nature of the U.S. economy, yet she foresees a looming recession.

Portfolio Pulse from Bibhu Pattnaik

October 14, 2023 | 9:06 pm