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TSLA

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, accusing him of failing to comply with a subpoena related to his 2022 Twitter stock purchase. Musk responded by calling for a comprehensive overhaul of regulatory agencies. Musk had previously expressed interest in buying all Twitter shares he didn't already own, but later changed his mind due to the prevalence of spam and fake accounts on the platform.

Portfolio Pulse from Ananya Gairola

October 06, 2023 | 5:15 am

RIVN

Rivian Automotive's shares fell nearly 23% after the company announced a debt offering. Future Fund Managing Partner Gary Black believes the selloff is overdone and that the conversion of debt into equity may not dilute equity capital significantly. Despite concerns raised by others, Black notes that Rivian's Q3 preliminary revenue estimate and cash guidance are in line with or above expectations.

Portfolio Pulse from Shanthi Rexaline

October 06, 2023 | 5:09 am

DOGEUSD

SHIBUSD

Bad Idea AI (CRYPTO: BAD) has surged 40% in the past 24 hours, outperforming meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). This follows news that SHIB's lead developer, Shytoshi Kusama, is collaborating with Bad Idea AI on a new AI initiative. Meanwhile, a SHIB whale has withdrawn trillions of SHIB tokens from a Netherlands-based cryptocurrency exchange.

Portfolio Pulse from Mehab Qureshi

October 06, 2023 | 4:59 am

EWA

Australia's month-on-month retail sales have been reported at 0.2%, which is in line with estimates but lower than the previous figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:45 am

BBJP

DXJ

EWJ

Japan's household spending for August increased by 3.9%, significantly higher than the estimated 0.9% and a substantial improvement from the previous -2.7%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:44 am

BBJP

DXJ

EWJ

Japan's household spending for August was reported late Thursday, showing a decrease of 2.5% year-on-year. This is an improvement from the estimated -4.3% and the prior -5%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:44 am

AMZN

Amazon (NASDAQ:AMZN) is planning to reduce the minimum purchase amount for free grocery delivery via Amazon Fresh for Prime members in the United States from $150 to $100. The change, confirmed by Amazon's worldwide VP of Amazon Fresh, Claire Peters, is set to take effect this week. Despite its ambitions in the grocery space, Amazon's market share was just 1.2% of the US grocery market in 2021, compared to Walmart's 25% and Kroger's 8% share.

Portfolio Pulse from Benzinga Neuro

October 06, 2023 | 4:10 am

BTCUSD

ETHUSD

The US Treasury's Office of Foreign Assets Control (OFAC) has flagged a group of cryptocurrency wallets linked to the illegal fentanyl trade, primarily based in China. The flagged entities include five individuals and one company, Valerian Labs. The wallets received nearly $3.8 million in cryptocurrency across Bitcoin, Ethereum, and Tron networks. Senator Elizabeth Warren has proposed a bill to crack down on crypto funding crimes. Bitcoin's price is down 0.50% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 06, 2023 | 4:07 am

TSLA

Tesla Inc has reduced the discount a buyer can get on having a referral code to $250 for all its models in the U.S. This comes a month after the company dropped referral discount on its premium Model S and X vehicles from $1000 to $500. The changes are seen by some as a response to anticipated high demand in the last quarter, while others view it as a strategy to improve the company's margins.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 3:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced prices on its Model Y and Model 3 vehicles in the United States. The price cuts range from $1,250 to $2,250 on various trims of the Model 3 and Model Y, while the price of the recently launched Model Y RWD remains unchanged.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 2:54 am