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AAPL

GOOG

GOOGL

Google's map usage on iPhones has significantly declined, recovering only 40% of its former mobile traffic since Apple switched to its own mapping service. This was revealed by Google's VP for finance, Michael Roszak, during the ongoing antitrust trial against Google. The U.S. Department of Justice has alleged that Google unlawfully maintained a monopoly over online search by securing default status on web browsers and smartphones.

Portfolio Pulse from Ananya Gairola

September 20, 2023 | 3:21 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a surge in anticipation of the Federal Reserve's decision. The global crypto market capitalization stands at $1.09 trillion, a 0.87% increase in the last day. Analysts suggest that Bitcoin holds a crucial level at $26,700-26,800 and rallies further. Bitcoin's surge can be attributed to the launch of an Adoption Fund by Nomura, Japan’s largest investment bank.

Portfolio Pulse from Mehab Qureshi

September 20, 2023 | 2:27 am

EDR

TSLA

Elon Musk, CEO of Tesla Inc. and owner of the social media platform X, formerly Twitter, was questioned about his political beliefs and stance on gun control at a wedding in 2022. Musk, who has voted for both Republican and Democrat candidates in the past, was asked about his recent leanings towards the Republican party. Musk has previously expressed dissatisfaction with how Democrat leaders handled the COVID-19 pandemic and has shown signs of support for Republican candidates for the 2024 election.

Portfolio Pulse from Chris Katje

September 20, 2023 | 2:22 am

META

The UK government has urged Meta Platforms Inc. (NASDAQ:META) to prioritize child safety over encryption on Instagram and Facebook Messenger following the passage of the Online Safety Bill. The bill imposes stricter requirements on social media platforms to protect children from harmful content. In response, Meta highlighted its commitment to safety and plans to release updates to prevent, detect, and combat abuse.

Portfolio Pulse from Ananya Gairola

September 20, 2023 | 2:01 am

FTTUSD

Stanford University plans to return all donations it received from the insolvent cryptocurrency platform, FTX (CRYPTO: FTT) and its associated companies. This decision comes after a lawsuit was filed by FTX consultants, accusing the parents of FTX's co-founder and ex-CEO, Sam Bankman-Fried, of misusing their influence over the company to accumulate wealth. The university had received approximately $5.5 million in donations from businesses linked to FTX, mainly for pandemic-related prevention and research.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 10:47 pm

TSLA

The Justice Department is investigating Tesla Inc (NASDAQ:TSLA) CEO Elon Musk over a secretive project rumored to involve the construction of a glass house. The investigation is focused on personal benefits Musk may have received while leading Tesla, with prosecutors looking at benefits received by Musk since 2017. The Justice Department and the Securities and Exchange Commission were previously investigating the potential use of company funds to build a glass house for Musk. The investigation will examine whether Tesla properly disclosed benefits that Musk received.

Portfolio Pulse from Chris Katje

September 19, 2023 | 10:35 pm

COIN

The U.S. Securities and Exchange Commission (SEC) is intensifying its scrutiny of crypto platforms and decentralized finance (DeFi) entities, including Coinbase Global Inc. (NASDAQ:COIN) and Binance, for potential infringements of securities regulations. The SEC's Crypto Assets and Cyber Unit leader, David Hirsch, stated that the agency's concerns are not limited to prominent exchanges and that it will continue to bring charges against firms operating similarly to Coinbase and Binance.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 10:06 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares fell by over 26% on Tuesday following a surge on Monday after the FDA cleared the company's biothreat panel for commercial distribution. The company can now start marketing and selling the T2Biothreat Panel, a direct-from-blood molecular diagnostic test, in the U.S. market.

Portfolio Pulse from Ryan Gustafson

September 19, 2023 | 9:52 pm

WMT

Walmart Inc. (NYSE:WMT) has announced reduced operating hours at five stores in Atlanta, a collaboration with the Canadian government to stabilize food prices, and is facing a patent infringement lawsuit from RavenWhite Licensing. The reduced hours could impact Walmart's financial performance, while the collaboration could affect its competitive positioning in Canada. The lawsuit alleges that Walmart's website and advertising program infringe on RavenWhite's patents.

Portfolio Pulse from Mohit Manghnani

September 19, 2023 | 9:01 pm

UTEN

The 10-year Treasury yield has reached its highest level since November 2007, closing at 4.37%. This marks the potential fifth consecutive month of yield increases. The yield has increased by 25 basis points this month, the largest increase since February 2023. The US Treasury 10 Year Note ETF (NASDAQ:UTEN) is down 5.4% year-to-date. The Federal Reserve Open Market Committee (FOMC) is expected to maintain its federal funds rate target between 5.25% and 5.5%.

Portfolio Pulse from Piero Cingari

September 19, 2023 | 8:41 pm