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Cryptocurrencies showed mixed performance with Bitcoin slightly up, Ethereum down, and Dogecoin up after the release of U.S. jobs data. The market is optimistic about the potential approval of spot Bitcoin ETFs and the upcoming BTC mining reward halving. Binance's CZ pleaded guilty to violating the Bank Secrecy Act. U.S. stocks declined as investors processed inflation data and awaited the jobs report. Analysts predict Bitcoin could reach $47K, advising investors to take profits and buy corrections. The global crypto market cap increased by 1.18% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 07, 2023 | 3:29 am

DIS

DKNG

Florida State's exclusion from the NCAA Football Playoff despite a perfect 13-0 record has sparked controversy, with Florida Governor Ron DeSantis threatening to sue the Selection Committee using $1 million from the state budget. Political figures and former President Donald Trump have weighed in, criticizing the decision. Florida State will now face Georgia in the Orange Bowl, with current betting odds from DraftKings showing Florida State as a significant underdog.

Portfolio Pulse from Chris Katje

December 07, 2023 | 12:09 am

TTWO

The trailer for Grand Theft Auto 6 (GTA 6) by Take-Two Interactive Software Inc's Rockstar Games has broken records by reaching 108 million views in less than 48 hours, surpassing the views of its predecessor's reveal trailer. The trailer, which leaked a day early, features the game set in Vice City and introduces dual protagonists, Jason and Lucia. It has outperformed other major game trailers and set a new 24-hour YouTube record for video game reveals. However, PC players are disappointed due to the lack of a confirmed release for their platform, and the leak caused frustration within Rockstar and the gaming community.

Portfolio Pulse from Franca Quarneti

December 06, 2023 | 11:42 pm

BNB

COIN

ETHUSD

Ethereum's gas fees have been fluctuating, with significant drops and surges in recent times. In October 2023, fees dropped due to decreased DeFi, NFT, and Telegram bot activity, with top spenders like Binance and Coinbase spending 30% less. The shift to Ethereum 2.0 and a PoS consensus mechanism led to a 99.9% reduction in energy consumption and lower fees. However, events like Binance activating dormant wallets and the launch of Buterin Cards NFTs caused fees to spike. High gas fees have driven users towards alternative blockchains like BNB Chain, Solana, and Cardano. Social media users have expressed frustration with the high costs, often humorously.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 11:11 pm

CME

CME Group has announced the extension of Chairman and CEO Terry Duffy's employment agreement through December 31, 2025. The Board, recognizing Duffy's leadership and expertise, believes his continued role is in the best interest of the company and its shareholders. Duffy, with over 40 years in the futures industry, has been in his current position since 2016 and has held various leadership roles within CME Group since 2002.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:07 pm

FSR

Fisker Inc. (NYSE:FSR) Chairman and CEO Henrik Fisker issued a statement defending the company against negative reports, claiming they are 'overblown' and highlighting the company's progress and industry firsts. Despite a 10% drop in the stock price during Wednesday's trading session, Fisker expressed confidence in the long-term prospects of the company, stating that the current share price does not reflect its positive attributes. Fisker stock saw a slight increase in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 06, 2023 | 11:03 pm

AMZN

GOOG

META

MSFT

Google has launched 'Gemini', an AI software designed to compete with OpenAI's GPT-4. Gemini boasts superior math, coding, and reasoning capabilities and can process video, image, or voice inputs. This move is part of a tech industry arms race involving companies like Microsoft, Facebook, and smaller firms like OpenAI. Google's Bard will integrate Gemini, enhancing its features. Microsoft's Bing, OpenAI's GPT4, Google's Bard, Meta's Llama 2, OpenAI's GPT Store, and Amazon's Q are all part of the competitive landscape in AI development.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:57 pm

ADOC

Edoc Acquisition Corp. has received a notice from Nasdaq due to the late filing of its quarterly report on Form 10-Q. The notice is a standard procedure for non-compliance with Nasdaq's filing requirements, which could lead to delisting if not remedied.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:30 pm

C3.ai Inc (NYSE:AI) reported Q2 financial results with a revenue increase of 17% year-over-year to $73.23 million, missing estimates by $1.1 million. The company beat EPS estimates with an adjusted loss of 13 cents per share versus the expected 18 cents. Subscription revenues grew by 12%, and customer engagement by 81%. C3.ai closed 62 customer agreements, including 36 pilots, and ended the quarter with $762.3 million in cash and investments. The company expressed strong interest in generative AI offerings and plans to invest further in this area, expecting to accelerate growth and gain market share. C3.ai provided a Q3 revenue outlook of $74 million to $78 million and reaffirmed full-year 2024 revenue projections of $295 million to $320 million. After the report, C3.ai shares dropped 8.88% in after-hours trading.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 10:19 pm

ABBV

CERE

Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) shares rose in after-hours trading following the announcement that AbbVie Inc. (NYSE:ABBV) will acquire the company for approximately $8.7 billion. AbbVie will purchase all outstanding CERE shares at $45 each in cash, with the deal expected to close in mid-2024. AbbVie's CEO highlighted the acquisition's enhancement to their neuroscience portfolio and potential for significant growth and multibillion-dollar sales across Cerevel's assets.

Portfolio Pulse from Ryan Gustafson

December 06, 2023 | 10:14 pm