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RIOT

Former President Donald Trump has expressed his support for Bitcoin miners, meeting with executives from CleanSpark Inc. and Riot Platforms Inc. at Mar-a-Lago. This endorsement comes amid criticism of crypto mining's environmental impact and as Trump positions himself as a pro-crypto candidate for the 2024 U.S. presidential election.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 2:45 am

AAPL

GME

ORCL

PARA

TSLA

On Tuesday, major U.S. indices showed mixed results. Apple shares soared due to an upgrade by DA Davidson, GameStop's stock jumped after completing an equity offering, Paramount Global shares tumbled as merger talks with Skydance Media were abandoned, Oracle's stock dipped slightly despite strong cloud revenue growth, and Tesla shares declined ahead of a contentious shareholder meeting.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 2:40 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders are preparing for a crucial vote on CEO Elon Musk's $44.9 billion pay package. Analysts, including Dan Ives from Wedbush, and former Ford CEO Mark Fields, have emphasized the potential negative impact on Tesla if Musk were to leave. The vote is expected to be close, with significant implications for Tesla's future, especially in AI and robotics. The stock closed at $170.66, down 1.80% on Tuesday.

Portfolio Pulse from Kaustubh Bagalkote

June 12, 2024 | 2:13 am

AAPL

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a sharp decline ahead of the Federal Reserve's interest rate decision. The S&P 500 and Nasdaq 100 closed at record highs, led by a significant surge in Apple Inc. (AAPL). Analysts suggest that the cryptocurrency market often corrects before such events and may resume its uptrend afterward.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 2:02 am

AAPL

MSFT

TSLA

Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, a day after criticizing Apple for partnering with OpenAI. The lawsuit, filed in February, was dismissed without prejudice. Musk's decision follows his threat to ban Apple devices from his companies if Apple integrates OpenAI technology at the OS level. Musk's AI startup, xAI, recently secured $6 billion in Series B funding.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 1:46 am

PEGY

Trading for PEGY was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:50 pm

AAPL

Apple Inc. (NASDAQ:AAPL) faces uncertainty regarding a monopoly case during its Worldwide Developers Conference (WWDC). The probability of Apple being seen as a monopoly fluctuated, peaking at 65% before dropping back to 61%. The class-action lawsuit accuses Apple of monopolizing digital storage through its iCloud service. Despite this, Apple's shares rose 7.26% to $207.15 following announcements at WWDC.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 9:58 pm

MREO

RARE

Ultragenyx and Mereo reported positive 14-month results from the Phase 2 portion of their Phase 2/3 Orbit study. Treatment with setrusumab (UX143) resulted in a sustained 67% reduction in the annualized fracture rate in osteogenesis imperfecta (OI) patients and significant improvements in lumbar spine bone mineral density (BMD) at month 12.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:53 pm

AMC

GME

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares closed up 10% on Tuesday and continued to see volatility in after-hours trading. The movement is linked to GameStop Corp (NYSE:GME) completing its offering program, raising $2.137 billion. Keith Gill's return to social media and his bullish stance on GameStop also influenced AMC's stock.

Portfolio Pulse from Vaishali Prayag

June 11, 2024 | 9:35 pm

NSYS

Nortech Systems' board has approved a $100,000 common stock buyback plan.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:31 pm