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Bitcoin (BTC) surpassed the $41,000 level, while Ethereum (ETH) also saw gains, exceeding $2,200. Terra Classic (LUNC) emerged as the top gainer with a 24-hour increase of 29.7%, and Injective (INJ) was the biggest loser, dropping by 5.7%. The global crypto market cap increased by 3.2% to $1.53 trillion. Other notable gainers include ORDI, Terra (LUNA), Frax Share (FXS), and Pepe (PEPE), while losers comprised Gas (GAS), THORChain (RUNE), Blur (BLUR), and Aave (AAVE).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 2:32 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has hired Mark R. Basile, Esq. and The Basile Law Firm P.C. to investigate and take legal action against potential market manipulation related to the company's stock performance. This follows the publication of research papers by Capybara Research, which Knightscope claims contain misinformation. Basile has a history of battling market manipulation and dilution funding, including a landmark decision against Adar Bays. Knightscope's CEO, William Santana Li, emphasizes the importance of their work for national security and the need to protect retail shareholders from short and distort campaigns.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:31 pm

PGR

Over the past 15 years, Progressive (NYSE:PGR) has produced an average annual return of 17.32%, outperforming the market by 5.86% on an annualized basis. A $100 investment in PGR 15 years ago would be worth $1,080.90 today. Progressive's market capitalization currently stands at $95.04 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:30 pm

COST

Costco Wholesale (NASDAQ:COST) has delivered an average annual return of 17.48% over the past 15 years, outperforming the market by 6.01% annually. A $1000 investment in COST 15 years ago would be worth $10,775.50 today. Costco's market cap stands at $263.30 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:30 pm

CIFR

Cipher Mining's stock (CIFR) is trading higher following a production update for November. The increase is also attributed to a surge in Bitcoin prices over the weekend.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:28 pm

CIFR

Cipher Mining Inc (NASDAQ:CIFR) shares rose after the company reported mining 433 bitcoin in November, selling 391 and holding 558. With 70,000 rigs and a 7.2 EH/s hash rate, CEO Tyler Page highlighted operational improvements. The stock's rise also correlates with Bitcoin's price increase, up over 5% in the last 24 hours.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:27 pm

SSNT

SilverSun Technologies Inc (NASDAQ:SSNT) stock surged over 100% after the announcement that Jacobs Private Equity II will invest $1 billion in the company. Jacobs will take over as CEO and majority stockholder, with plans to spin off the current business and create a new platform for acquisitions in an undisclosed industry, as well as rebrand the company. The investment and leadership change signal a strategic shift, leveraging Jacobs' experience in building large companies through mergers and acquisitions.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 2:21 pm

SSNT

SilverSun Technologies' stock price is on the rise following the announcement that Jacobs Private Equity II and minority co-investors will invest $1 billion in the company.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:20 pm

CG

MCD

McDonald's Corp (NYSE:MCD) is taking a bold step by acquiring Carlyle Group Inc's (NASDAQ:CG) minority stake in its China business, aiming for aggressive expansion despite a consumer slowdown and geopolitical tensions. This move goes against the trend of multinationals scaling back in China. The market for limited-service restaurants in China is expected to grow 4% annually through 2025, with McDonald's holding a 70% share in the burger segment.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 2:19 pm

TWLO

Twilio Inc. has announced a new workforce restructuring plan to streamline operations, which includes the elimination of approximately 5% of its current workforce. The company expects to incur charges of about $25M-$35M in connection with the workforce reduction, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:18 pm