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Major US banks are set to release their Q2 results on July 14 and 17. The top performers in Q2 were Wells Fargo, JP Morgan, and Charles Schwab, while Morgan Stanley and Citigroup lagged behind. The financial sector, tracked by the Financial Select Sector SPDR Fund, posted a 5.44% gain, while regional banks saw a 4.8% decline. Investors should monitor the impact of rising deposit rates, credit normalization, and the aftermath of the regional bank crisis in March. All 23 large US banks passed the Federal Reserve's stress tests last month.

Portfolio Pulse from Piero Cingari

July 11, 2023 | 6:20 pm

TTWO

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high, trading higher by 4.38% to $150.24. The rise is in sympathy with Activision Blizzard after a federal judge denied the FTC's request for a preliminary injunction of Microsoft's acquisition of the company. The FTC had not shown it is likely to succeed on its assertion that the combined firm will lessen competition in the video game library subscription and cloud gaming markets.

Portfolio Pulse from Henry Khederian

July 11, 2023 | 6:14 pm

TBLT

ToughBuilt Industries has received a notice from Nasdaq for failing to maintain a minimum bid price of at least $1.00 per share for the prior 30 consecutive trading days. The company has until January 3, 2024, to regain compliance.

Portfolio Pulse from Charles Gross

July 11, 2023 | 6:13 pm

U

Shares of Unity Software Inc (NYSE:U) are trading higher by 8.33% following a federal judge's denial of the FTC's request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. The judge stated that the FTC failed to show that the acquisition would lessen competition in the video game library subscription and cloud gaming markets.

Portfolio Pulse from Henry Khederian

July 11, 2023 | 6:08 pm

EA

Shares of Electronic Arts Inc (NASDAQ:EA) hit a new 52-week high, trading higher by 4.63% to $136.58. The rise is in sympathy with Activision Blizzard after a federal judge denied the FTC's request for a preliminary injunction of Microsoft's acquisition of the company. The FTC had claimed that the combined firm would likely pull Call of Duty from Sony PlayStation and lessen competition in the video game library subscription and cloud gaming markets.

Portfolio Pulse from Henry Khederian

July 11, 2023 | 6:03 pm

ETHUSD

On Monday, 4,467.39 Ether (ETH) worth $8,360,532 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -4.56%.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:00 pm

TSLA

The Wall Street Journal reported that an internal probe has been sparked at Tesla due to a project known as 'Project 42', which is a glass house for CEO Elon Musk. The details of the probe are not yet known.

Portfolio Pulse from Charles Gross

July 11, 2023 | 5:47 pm

COIN

Coinbase Global has resolved the connection issues for Coinbase.com, according to a Reuters report.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 5:33 pm

IGC

IGC Pharma has been granted Canadian Patent Number 2961410 for a cannabinoid composition and method for treating pain. This could potentially open new revenue streams for the company.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 5:25 pm

ATVI

META

MSFT

A US Federal Judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. The FTC can still appeal the decision or proceed with its challenge to block the deal. The deal also faces opposition from the Competition and Markets Authority in the UK. Activision may seek to renegotiate the financial terms of the deal as its condition has improved since the deal was initially signed.

Portfolio Pulse from Franca Quarneti

July 11, 2023 | 5:15 pm