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AAPL

GOOGL

MSFT

The ongoing lawsuit by the Department of Justice against Google could negatively impact Apple, despite Apple not being directly involved in the case. The lawsuit alleges Google of unfair competition in the internet search market, partly due to the large annual payments made by Google to Apple. This potential outcome could adversely affect investor sentiment towards Apple, given that the company earns between $18 billion and $20 billion a year from Google. The resolution of the lawsuit, expected only by 2024, could significantly impact Apple’s share prices in the long run.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 7:14 am

BTCUSD

ETHUSD

Ether (ETH) is losing investor preference to Bitcoin (BTC) amid a crypto market downturn. Ether's value has dropped about 18% since June, while Bitcoin's value saw a decrease of nearly half of that. Bitcoin's share of the crypto market has risen to 50.3% from 40%, while Ether's has dropped to 17.8% from 18.4%. Factors such as declining network activity and fees, rising coin supply, and fears of centralization have undermined investor confidence in Ether. However, crypto entrepreneurs like Justin Sun remain confident in Ether's prospects.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 7:11 am

FFIE

Faraday Future has announced that Chris Brown will be the next owner of the FF 91 2.0 and will also serve as the Developer Co-Creation Officer. The company is listed on NASDAQ under the ticker FFIE.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:25 am

NNAGU

99 Acquisition has announced that its shares of Class A common stock, warrants, and rights will begin trading separately. The company's shares are listed under the ticker symbol NNAGU.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:14 am

ETHUSD

USDCUSD

The Ethereum Foundation has converted 1,700 ETH into Circle’s USDC stablecoin, valued at approximately $2.76 million. The Foundation's holdings were disclosed in their April 2022 report, revealing that they possessed about 395,000 ETH. As per DeFiLlama data, the Ethereum Foundation currently holds 316,488 ETH, which amounts to a value of $502.7 million. Ethereum’s price dropped to $1,570, sparking increased polarizing discussions within the crypto community.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 5:34 am

BBJP

DXJ

EWJ

Japan's current account for August was reported late Monday at 2.280T, lower than the estimated 3.091T and the prior 2.772T. ETFs BBJP, DXJ, EWJ, which track Japanese equities, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:08 am

BBJP

DXJ

EWJ

Japan's adjusted current account for August was reported late Monday at 1.63T, lower than the estimated 2.41T and the prior 2.77T.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:07 am

TSLA

Morgan Stanley analyst Adam Jonas maintains an 'overweight' rating on Tesla stock with a price target of $400. He believes that the lines between the automobile and mobile device market will blur as cars become increasingly defined by their software. This could have implications for Tesla, as the company's future may depend on expanding beyond just selling cars. Jonas also noted that Tesla vehicles have often been described as iPhones on wheels, and rumors of Tesla's own smartphone project have circulated for some time.

Portfolio Pulse from Anan Ashraf

October 10, 2023 | 5:07 am

EWU

The U.K. BRC Retail Sales Monitor for September reported a year-on-year increase of 2.8%, which is lower than the estimated 3.1% and the prior 4.3%.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:06 am

BTC-USD

ETH-USD

PAXG-USD

XMR-USD

Gold-backed cryptocurrencies, including Tether Gold (CRYPTO: XAUt), Monero (CRYPTO: XMR), and PAX Gold (CRYPTO: PAXG), have seen an increase in value amid the Israel-Hamas conflict, correlating with the rising price of gold. This comes as other major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) faced a decline.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 4:34 am