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AMZN

DISH

TMUS

VZ

Amazon is reportedly in talks with telecom operators like DISH Network, Verizon, and T-Mobile US to offer Prime subscribers a $10/month or free service. Wall Street firms remain skeptical due to the high costs and potential FCC regulation. HSBC analyst Adam Fox-Rumley has adjusted price targets for T-Mobile US, Verizon, and AT&T.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 3:40 pm

BTCUSD

ETHUSD

Binance CEO announced that the company will issue a response to the SEC once they see the complaint. The team is currently ensuring that systems, including withdrawals and deposits, are stable.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 3:24 pm

BTCUSD

ETHUSD

The SEC has filed a lawsuit against Binance and its CEO, Changpeng Zhao, for allegedly violating US securities rules. The lawsuit could potentially impact the cryptocurrency market and Binance's operations.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 3:08 pm

BTCUSD

NFT expert Anndy Lian believes that the recent positive US job market data could inspire increased cryptocurrency adoption. However, some experts argue that ongoing regulatory debates and fears of a looming recession may deter large investors and hamper growth.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 3:06 pm

TSXV:GBLT

GBLT Corp. has completed the necessary testing and legal assurances to distribute its Dr. Senst CBD products in Germany. The company plans to leverage its established distribution network with major retailers and distributors to expand its product offerings and market share.

Portfolio Pulse from Vuk Zdinjak

June 05, 2023 | 2:56 pm

SPY

USO

U.S. Energy Secretary announced that the U.S. will work with all oil producers and consumers to seek lower prices for Americans, following OPEC+'s decision to cut production.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 2:37 pm

SPY

UUP

US services activity expanded for the fifth consecutive month, but showed softening demand as the ISM Services PMI declined from 51.9 in April to 50.3 in May, below market expectations of 52.2. The S&P 500 and the dollar dipped in response.

Portfolio Pulse from Piero Cingari

June 05, 2023 | 2:35 pm

TSLA

Tesla's stock closed 3.11% higher on Friday, ahead of the announcement that all Model 3 vehicles in the U.S. now qualify for the full EV tax credit of $7,500. The stock has been trading in a strong uptrend, but a reversal candlestick suggests a retracement may be on the horizon.

Portfolio Pulse from Melanie Schaffer

June 05, 2023 | 2:19 pm

SI

Bank records reveal that Binance executive Guangying Chen controlled five bank accounts associated with Binance.US, the supposedly autonomous U.S. subsidiary of the crypto exchange. These accounts were approved by Silvergate Bank (NYSE:SI) in 2019 and 2020. Binance.US denies claims of Binance controlling its bank accounts.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 2:13 pm

SPY

VGK

The U.S. has issued new Russia-related sanctions targeting 7 individuals and 1 entity. This may affect the performance of ETFs such as SPY and VGK.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 2:09 pm