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The rise of nonconsensual deepfake pornography, facilitated by AI technology, has seen a ninefold spike since 2019. Tech giants like Alphabet Inc's Google, Amazon.com Inc, X (previously known as Twitter), Microsoft Corp, and Cloudflare, Inc. have inadvertently contributed to this trend by providing tools, platforms, and infrastructure that enable the creation and distribution of such content. Advocates are urging these companies to take more proactive measures to curb the spread of deepfakes.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 3:59 pm

PFE

The European Commission has approved Pfizer's Abrysvo, a drug designed to protect infants through maternal immunization and older adults from Respiratory Syncytial Virus (RSV).

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 3:53 pm

AMZN

TikTok is planning to ban links to external e-commerce platforms like Amazon Inc. (NASDAQ:AMZN) to promote its own digital marketplace, TikTok Shop. The move is expected to compel users to utilize TikTok Shop for in-app purchases. TikTok Shop is projected to incur a loss exceeding $500 million in the U.S. this year due to substantial investments. Despite slow traction in the U.S., TikTok Shop's daily consumer spending has risen significantly.

Portfolio Pulse from Benzinga Neuro

August 24, 2023 | 3:38 pm

SPY

Federal Reserve's Collins has stated that it is too early to provide a clear signal about the timing of rate cuts. He also mentioned that there hasn't been a significant slowdown in growth and that the Fed is considering how a decrease in inflation would affect policy stance. He highlighted housing as a major challenge for the economy.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 3:26 pm

SPY

Federal Reserve's Collins suggests that the Fed may be in a position to hold steady on interest rates, but also indicates that more rate hikes are possible.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:25 pm

UUP

Ahead of the Fed’s Jackson Hole Symposium, market participants are increasing their bets on a potential rate hike. The implied probabilities of a November rate hike have reached 47%, according to current Fed futures prices. The U.S. dollar index (DXY), tracked by Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), is up 0.3%, reaching highs not seen since June 8, 2023. Investors are closely watching the remarks of Fed officials for any signs of policy changes.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 3:13 pm

SYTA

Siyata Mobile has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2), according to a notice from Nasdaq.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:53 pm

SPY

In a CNBC interview, Fed's Harker stated that he expects inflation to be around 3% next year, with growth slowing to trend. He also mentioned that he sees the Fed holding steady this year, and that next year's actions will be data-driven. He did not provide a prediction on when the Fed will cut rates.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:20 pm

BLK

BTCUSD

Tom Lee, Head of Research at FS Insight, predicts Bitcoin (CRYPTO: BTC) could surpass $200,000 due to its network value and scarcity. His comments follow similar predictions by other industry experts, including Ark Invest CEO Cathie Wood. Lee also highlighted Bitcoin's resilience despite regulatory challenges. Traditional financial giants like BlackRock (NYSE:BLK) have shown interest in Bitcoin, further boosting its market credibility.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 2:19 pm

DWAC

SPY

U.S. House Republicans have initiated an investigation into a Georgia prosecutor involved in a case related to alleged election subversion by former President Donald Trump. The news does not directly impact any specific company or ETF.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:18 pm