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BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains after the SEC labeled Bitcoin ETF filings from BlackRock and Fidelity as 'inadequate'. Analysts suggest that Bitcoin could reach $310K if institutions invest 5% of their assets under management (AUM) into BTC. The global crypto market capitalization stood at $1.12 trillion, an increase of 0.79% over the last day. U.S. stock futures showed little change, signaling the beginning of the second half of a remarkable year on Wall Street.

Portfolio Pulse from Mehab Qureshi

July 03, 2023 | 3:47 am

GOOG

GOOGL

An 11-year-old vlogger, Song-a, who shares her life in Pyongyang on Alphabet Inc’s YouTube, has been identified by South Korea’s National Intelligence Service as a part of North Korea’s “psychological warfare” operations. Analysts have traced the accounts of Song-a and other young female presenters to the Sogwang Media Corp, a North Korean company with close links to the Kim regime. Google confirmed that the YouTube accounts hosting Song-a’s videos, along with two other accounts, have been removed in compliance with US sanctions and trade compliance laws.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 1:30 am

NXST

DIRECTV has removed programming provided by Nexstar Media Inc., a subsidiary of Nexstar Media Group, Inc. (NASDAQ:NXST), from its systems due to the failure to reach a new distribution agreement. DIRECTV also rejected Nexstar's offer to extend the current distribution agreement to October 31, 2023. This has resulted in millions of Americans losing access to local news, sports, and entertainment programming.

Portfolio Pulse from Charles Gross

July 02, 2023 | 11:45 pm

CCHWF

CRLBF

The proposed multibillion-dollar merger between cannabis companies Cresco Labs (OTC:CRLBF) and Columbia Care (OTC:CCHWF) has been stalled due to regulatory hurdles. The companies failed to meet the June 30 deadline set in their agreement and are now working together to determine the next course of action. The merger aimed to create the most significant legal cannabis operator in the U.S., but concerns about financial viability and regulatory compliance have clouded the deal.

Portfolio Pulse from Nicolás Jose Rodriguez

July 02, 2023 | 5:59 pm

BTC-USD

TWTR

Former Twitter CEO, Jack Dorsey, commented on recent decisions made by Elon Musk, including the implementation of reading post limits. Dorsey acknowledged the challenges of managing Twitter and expressed hope that Twitter would build on 'censorship-resistant open protocols' like Bitcoin. Musk recently announced temporary limitations on how many tweets users can read daily, with different restrictions for paid and unpaid users.

Portfolio Pulse from Bibhu Pattnaik

July 02, 2023 | 5:29 pm

BLK

COIN

SAN

SCHW

Several traditional financial institutions have reversed their previous cautious stance on Bitcoin, increasing their exposure to the cryptocurrency. BlackRock, Deutsche Bank, Santander Bank, Citadel Securities, and Societe Generale have all shown interest in offering crypto-related services. This shift comes despite regulatory actions against crypto-centric firms like Coinbase and Binance. Bitcoin's price has increased by nearly 15% over the past two weeks, demonstrating its resilience.

Portfolio Pulse from Murtuza Merchant

July 02, 2023 | 2:17 pm

CURLF

GTBIF

TCNNF

VRNOF

Recreational cannabis has become legal in Maryland, with nearly 100 existing cannabis companies approved to serve both medical patients and adult consumers. Companies operating in Maryland include Curaleaf (CURLF), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), and Verano Holdings Corp. (VRNOF). The legalization is seen as a step forward in rectifying past injustices.

Portfolio Pulse from Maureen Meehan

July 02, 2023 | 4:52 am

JPM

WFC

US banks JPMorgan Chase & Co, Wells Fargo & Co, and Morgan Stanley plan to raise their quarterly dividends after passing the Federal Reserve's annual stress test. JPMorgan intends to increase its dividend to $1.05 per share from $1.00, and Wells Fargo plans to raise its dividend to 35 cents per share from 30 cents. Citigroup Inc also suggested a rise in its quarterly dividend by two cents.

Portfolio Pulse from Bibhu Pattnaik

July 01, 2023 | 5:03 pm

ATVI

MSFT

RBLX

SONY

Sony Interactive Entertainment, a subsidiary of Sony Group Corp., is in discussions with Roblox Corporation to make the game platform available on PlayStation. The information was revealed during the Federal Trade Commission's hearing against Microsoft Corporation's acquisition of Activision Blizzard Inc. Sony's CEO, Jim Ryan, stated that the company's cautious approach towards children's experiences has been the reason for Roblox's absence from the PlayStation platform.

Portfolio Pulse from Franca Quarneti

July 01, 2023 | 3:02 pm

AAPL

COIN

DIS

LCID

NVDA

The major U.S. stock market indexes each gained over 2% this week, marking a positive end to the second quarter of 2023. Seth Klarman, CEO of Baupost Group, praised Coinbase Global Inc for its smart moves. Apple Inc. is poised for a significant growth renaissance over the next 12 to 18 months, according to Wedbush's Daniel Ives. The recent resurgence of Bitcoin has sparked a surge in meme coins like Pepe, Dogecoin, and Shiba Inu. However, Lucid Group, Inc. and Rivian Automotive, Inc. could face bankruptcy, according to Future Fund managing partner Gary Black. The U.S. government's potential export restrictions on AI chips to China could impact companies like Nvidia Corporation. Brandon Nispel of KeyBanc Capital Markets has downgraded Walt Disney Co. from Overweight to Sector Weight.

Portfolio Pulse from Michael Cohen

July 01, 2023 | 2:50 pm